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Registered number: 06839872 CLICK ENTERTAINMENT LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
CLICK ENTERTAINMENT LIMITED
COMPANY INFORMATION
Directors | P M Adams (resigned 23 April 2025)
| K V Olsen (appointed 23 April 2025, resigned 1 June 2025)
| R Westergaard (appointed 1 June 2025)
Registered number | 06839872
Registered office | Unit 3/4 ZK Park
| 23 Commerce Way
| Croydon
| England
| CR0 4ZS
Independent auditors | Venthams
| Chartered Accountants & Statutory Auditor
| Summit House
| 12 Red Lion Square
| London
| WC1R 4QH
CLICK ENTERTAINMENT LIMITED
CONTENTS
| Page
Strategic Report | 1 - 6
Director's Report | 7 - 9
Independent Auditors' Report | 10 - 13
Statement of Income and Retained Earnings | 14
Balance Sheet | 15
Statement of Cash Flows | 16
Analysis of Net Debt | 17
Notes to the Financial Statements | 18 - 32
CLICK ENTERTAINMENT LIMITED
STRATEGIC REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025
Introduction
The directors present the strategic report for the year ended 30 September 2025. The strategic report is designed to replace and enhance reporting previously included in the business review section of the Directors report. Its purpose is to inform shareholders and help them assess how the directors have performed their duties to promote the success of the company during the year under review.
Business review
Market conditions during the financial year remained challenging, influenced by global conflicts, fluctuating consumer confidence, and a volatile trading environment. Rising interest costs and currency fluctuations further impacted performance across both the UK and US entities. Throughout the year, management initiated comprehensive stock and cost reviews under the Fit for Growth programme to strengthen operational resilience. These actions reduced exposure to legacy inventory, optimised purchasing and freight, and provided a more efficient cost base entering FY 2025/26. Despite external pressures, Click Entertainment maintained focus on disciplined execution, improved liquidity management, and stabilised its financial performance — establishing a more robust foundation for sustainable growth in the upcoming financial year.
Principal risks and uncertainties
There are a variety of risks and uncertainties that have an impact on the performance of the company, some of which are beyond its control. Risks and uncertainties are considered and assessed by the directors and mitigated where possible, the principal ones being described below: Competition The gaming distribution sector continues to experience high levels of competition, intensified by margin pressure and price-driven liquidation activity from several market participants seeking to reduce borrowing costs. Click Entertainment maintained its position by combining competitive pricing with a strong service offering and broad product availability. While 2024/25 saw fewer major product launches and limited software innovation industry-wide, Click’s diversified sourcing strategy and global partner network allowed the company to retain customer engagement and capitalise on tactical trading opportunities. The company remains focused on long-term commercial partnerships that deliver mutual value and operational stability, providing resilience amid ongoing market fluctuations. Economy Economic uncertainty — primarily driven by reduced consumer confidence and political instability in key markets — continued to affect overall trading volumes. Peak-season demand was lower than in previous years, particularly in the UK and Europe. In response, the company broadened its commercial activities beyond the traditional wholesale core to supplement sales and profitability. This diversification has proven instrumental in offsetting short-term market weakness and will continue to form part of the 2025/26 growth plan. Page 1
CLICK ENTERTAINMENT LIMITED
STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Liquidity and Financing The company maintains levels of finance and liquidity necessary to perform and react to markets and prices. The company's strong financial position and backing enables the company to utilise its purchasing power in the market. The company continues to retain a strong cash reserve to ensure that it can take advantage of price fluctuations and changes in pricing models by manufacturers and other wholesalers. Commercial Click Entertainment’s commercial strategy centers on offering customers the latest gaming products and a comprehensive back catalogue at competitive prices. During the financial year, the supplier base was further expanded and diversified, improving sourcing flexibility and strengthening global procurement capabilities. The company also pursued new business opportunities with regional retailers and e-commerce partners, aligning with its vision of expanding distribution reach and improving market responsiveness. These initiatives have established a stronger commercial platform for FY 2025/26 and beyond. Pricing Due to the nature of the financial instruments used by the company, there is an exposure to exchange currency risk. The company's approach to managing this risk is to maintain accounts in multiple currencies combined with using hedging contracts to ensure the impact of exchange variances is minimal on the company's finances.
Business Environment
The trading environment during the period remained demanding, driven by limited product innovation and slower hardware development. Despite these headwinds, Click Entertainment continued to identify selective opportunities to expand its product portfolio and maintain relevance across strategic markets. The company believes that substantial growth potential remains within the core gaming business, particularly through continued investment in commercial excellence, supplier partnerships, and data-driven market insight. The foundation built in 2024/25 positions Click to capture this potential more effectively in FY 2025/26.
Strategy
Click Entertainment remains committed to its three-year strategic plan, structured around four key pillars: 1. Expansion of key regional markets and trading territories 2. Enhanced product procurement and manufacturer partnerships 3. Improved stock turnover to strengthen cash flow and reduce holding costs 4. Ongoing development of people, talent, and organisational capability The company has made tangible progress across all areas, with early results already visible through improved margin performance, stronger supplier alignment, and enhanced internal collaboration. Page 2
CLICK ENTERTAINMENT LIMITED
STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Looking ahead, the strategic priorities for FY 2025/26 remain focused on profitable growth, operational efficiency, and organisational development — forming the next phase of Click Entertainment’s transformation journey.
Financial Key Performance Indicator
The key financial performance indicators used to determine the progress and performance of the company are: Turnover Turnover for the period was £43,723,043 (2024: £53,192,548), reflecting a decline compared to the prior year. This reduction primarily stems from ongoing pricing pressures and volatile demand conditions across key markets. Despite these challenges, Click Entertainment maintained resilience through its diversified, data-led trading approach, which helped mitigate the impact and position the business for future recovery. Stockholding remains at budgeted levels and is now better aligned with actual turnover, driven by enhanced purchasing control, forecasting accuracy, and closer coordination between commercial and logistics functions. The result is a leaner and more responsive supply chain supporting both liquidity and margin improvement. Key operational initiatives under the Fit for Growth framework — including cost of goods optimisation, freight efficiency, and improved inventory turnover — have materially strengthened Click’s operational base. These measures ensure that working capital is utilised effectively while maintaining flexibility to capture new market opportunities. Management considers the company well positioned entering FY 2025/26, with a stable stock base, a positive gross margin trajectory, and a clear plan for sustained, profitable growth. Gross Profit The company’s gross profit for the period was £1,690,132, representing a decrease of £600,978 compared to the prior year (2024: £2,291,110). This resulted in a gross margin of 3.9%, down from 4.3% in 2024. While overall gross profit declined, margin consistencey demonstrates the positive impact of disciplined cost management and a more favourable product mix. Strategic sourcing and pricing initiatives contributed to steady margin gains, particularly in the final quarter. Although elevated interest expenses and currency volatility continued to affect results, the corrective actions undertaken have created a solid basis for further margin enhancement in FY 2025/26. Management expects continued profitability improvement as the operational and commercial measures introduced in the previous year reach full effect. Result for the year The result for the company shows a pre-tax loss in 2025 of £1,336.807, compared to a pre-tax loss in 2024 of £1,261,579. This leads to a EBT margin of -3.1% against -2.4% in 2024. The company continues to have a strong financial position with a solvency ratio of 60.9%, which is higher than last year of 47.1%. Page 3
CLICK ENTERTAINMENT LIMITED
STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
Other Key Performance Indicators
Market share The company maintains a strong market position in both the UK and international territories. While competitive intensity remains high, the ongoing focus on agility, innovation, and customer service has enabled Click to defend market share and build resilience against short-term volatility. Performance metrics across turnover, margin, and stock efficiency all demonstrate positive development trends into FY 2025/26.
Directors' statement of compliance with duty to promote the success of the Company
The core of Click Entertainment’s strategy is built around sales, marketing, and distribution excellence. The Directors and senior leadership team continue to drive growth through product diversification, operational efficiency, and expanded global reach. The commercial strategy remains clear: Grow the core business geographically, strengthen partnerships with publishers and manufacturers, and extend into adjacent categories and markets. Significant cost optimisation and improved working capital management have placed the company in a stronger position to deliver sustainable growth. The positive trajectory achieved in the latter part of FY 2024/25 provides a solid foundation for FY 2025/26 and beyond. S172 Statement The director of the Company, as those of all UK companies, must act in accordance with a set of general duties. These duties are detailed in section 172 of the UK Companies Act 2006 which is summarised as follows: 'A director of a company must act in the way he considers, in good faith, would be most likely to promote the success of the company for the benefit of the shareholders as a whole and, in doing so have a regard (amongst other matters) to: * the likely consequences of any decisions in the long-term; * the interests of the company's employees; * the need to foster the company's business relationships with suppliers, customers and others; * the impact of the company's operations on the community and the environment; * the desirability of the company maintaining a reputation for high standards of business conduct; and * the need to act fairly as between members of the company.' Page 4
CLICK ENTERTAINMENT LIMITED
STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Strategy The expertise and experience of its Staff and Senior Managers both in Commercial and Non-Commercial functions is key to leading this, particularly when it comes to short and long term strategic decisions. Click Entertainment has so far shown that it can adapt quickly to new and often unpredictable events. Long term decision making in a trading business is unpredictable. The director’s decision making is therefore made with input from the entire Senior Management Team this allows a holistic approach using all collective and diverse expertise which helps to mitigate negative impacts through vigilance and being prepared but also allows the business to consolidate on successes as a whole. Interests of the company's employees Click Entertainment has during this year maintained a stable and low turnover rate with only three employees leaving the business and two internal transfers (14.5%). Employee engagement and capability development remain central to Click Entertainment’s future success. A performance review framework has been implemented, linking measurable outcomes to structured reward and recognition. Bi-annual employee surveys provide transparent insight into engagement levels and improvement areas, ensuring continuous organisational learning. Internal communication has been strengthened through regular briefings, results sharing, and cross-functional meetings — fostering alignment, accountability, and a high-performance culture. Retention and attraction of talent continue to improve, supported by a culture of openness, collaboration, and professional growth. Business relationships with suppliers, customers and others Delivering on Click Entertainment’s strategy depends on maintaining strong, long-term, and mutually beneficial relationships with suppliers, customers, and regulatory bodies. The company continues to enhance and expand these relationships, viewing them as a key driver of business retention and sustainable growth. A structured meeting cadence and governance framework are in place to monitor performance, ensure compliance, and strengthen collaboration across all major stakeholders. With the full relaxation of international travel restrictions, Click has increased its direct engagement through face-to-face meetings, supplier visits, and participation in international trade fairs — enabling closer alignment with partners, deeper market insight, and the development of new commercial opportunities. The company actively promotes its core values of Winning Attitude, Honesty, Business Acumen, Pride, and Team Player. Applied consistently across day-to-day operations and external interactions, these principles reinforce trust and foster partnerships built on transparency and mutual value creation. Click Entertainment recognises that its reputation is fundamental to maintaining stakeholder confidence. The company conducts all business within legal and ethical parameters, supported by ongoing training in governance, anti-bribery, anti-corruption, and anti-money-laundering practices. Robust authorisation and control procedures are in place to ensure compliance and uphold high standards of conduct, reducing exposure to commercial and competitive risk. The Directors remain actively engaged with key stakeholders through regular reviews, supplier and customer meetings, and industry events, ensuring continued alignment between strategic objectives, operational execution, and long-term partnership success. Page 5
CLICK ENTERTAINMENT LIMITED
STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 The Environment, Sustainability and Community Click Entertainment is currently recycling as much of its waste product as commercially viable over and above legal requirements wherever possible. International travel for the business is restricted to when absolutely necessary and longer trips visiting multiple partners is being undertaken to reduce air travel, take advantage of lower carbon travel options (such as trains) and reduce costs. Microsoft Teams and other video conferencing is used whenever suitable and possible to reduce travel. Staff have been encouraged to work part of the week from home to reduce car and public transport carbon emissions. The Company has made a drive to recruit from the local labour pool to increase its links with the community and so that the diversity makeup of the Company’s employees is representative of the local population within Croydon. Local business have been used to provide services such as hotels, food and other services wherever possible. This report was approved by the board and signed on its behalf.
R Westergaard Director
Date: 16 March 2026
Page 6
CLICK ENTERTAINMENT LIMITED
DIRECTOR'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 The director presents his report and the financial statements for the year ended 30 September 2025.
Director's responsibilities statement
The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations. Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the director is required to: ∙select suitable accounting policies for the Company's financial statements and then apply them consistently; ∙make judgments and accounting estimates that are reasonable and prudent; ∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Results and dividends
The loss for the year, after taxation, amounted to £2,014,372 (2024 - loss £947,663).
Directors
The directors who served during the year were
P M Adams (resigned 23 April 2025)
K V Olsen (appointed 23 April 2025, resigned 1 June 2025)
R Westergaard (appointed 1 June 2025)
Risk management
The company has a financial risk management policy in place. The main focus is managing credit risk and the exposure on foreign currency. There are credit insurers in place to mitigate credit risk. The company purchases hedging instruments to offset the risk posed by specific foreign exchange positions. Page 7
CLICK ENTERTAINMENT LIMITED
DIRECTOR'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
Greenhouse gas emissions, energy consumption and energy efficiency action
Emissions resulting from activities for which the company is responsible involving the combustion of gas or consumption of fuel for the purposes of transport (in tonnes of CO2 equivalent): 2025 23.72 2024 11.81 2023 14.95 2022 15.41 2021 16.18 2020 20.55 Emissions resulting from the purchase of the electricity by the company for its own use, including the purposes of transport (in tonnes of CO2 equivalent) 2025 2.80 2024 6.50 2023 5.87 2022 6.05 2021 7.56 2020 4.66 Energy consumed from activities for which the company is responsible involving the combustion of gas or the consumption of fuel for the purposes of transport, and the annual quantity of energy consumed resulting from the purchase of electricity by the company for its own use, including for the purposes of transport, in kWh: 2025 30,018 2024 42,404 2023 109.887 2022 110.675 2021 147,657 2020 124,755 The reporting period 2019-20 is being used to set the “base year” and as such, data for periods before 2018-19 for comparison is not reported. We have used the Greenhouse Gas Protocol to calculate our emissions taking data from all existing energy providers. Included in our data are emissions and energy usage from our operational sites (including 100% of the emissions and energy from space in our sites that maybe sublet). Emissions per £million of turnover per year (tCO2e/TO£mr/year): 0.4037 (2023-24: 0.0172306)
Disclosure of information to auditors
The director at the time when this Director's Report is approved has confirmed that: ∙so far as he is aware, there is no relevant audit information of which the Company's auditors are unaware, and ∙he has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.
Auditors
The auditors, Venthams, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. Page 8
CLICK ENTERTAINMENT LIMITED
DIRECTOR'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 This report was approved by the board and signed on its behalf.
R Westergaard Director
Date: 16 March 2026
Page 9
CLICK ENTERTAINMENT LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CLICK ENTERTAINMENT LIMITED
Opinion
We have audited the financial statements of Click Entertainment Limited (the 'Company') for the year ended 30 September 2025, which comprise the Statement of Income and Retained Earnings, the Analysis of Net Debt, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: ∙give a true and fair view of the state of the Company's affairs as at 30 September 2025 and of its loss for the year then ended; ∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ∙have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report. Page 10
CLICK ENTERTAINMENT LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CLICK ENTERTAINMENT LIMITED (CONTINUED)
Other information
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The director is responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit: ∙the information given in the Strategic Report and the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the Strategic Report and the Director's Report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: ∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or ∙the financial statements are not in agreement with the accounting records and returns; or ∙certain disclosures of director's remuneration specified by law are not made; or ∙we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the Director's Responsibilities Statement set out on page 7, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Page 11
CLICK ENTERTAINMENT LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CLICK ENTERTAINMENT LIMITED (CONTINUED)
Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Discussions were held with, and enquiries made of, management and those charged with governance with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity. The following laws and regulations were identified as being of significance to the entity: • Those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards, Company Law, Tax, Health and Safety, Cyber Regulations, and Pensions legislation. Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of board minutes and internal manuals and guidance; testing the appropriateness of entries in the nominal ledger, including journal entries; reviewing transactions around the end of the reporting period; and the performance of analytical procedures to identify unexpected movements in account balances which may be indicative of fraud. No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity’s controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK). A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report. Page 12
CLICK ENTERTAINMENT LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CLICK ENTERTAINMENT LIMITED (CONTINUED)
Use of our report
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed. Mark Taylor (Senior Statutory Auditor) for and on behalf of Venthams Chartered Accountants Statutory Auditor Summit House 12 Red Lion Square London WC1R 4QH 16 March 2026 Page 13
CLICK ENTERTAINMENT LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 2025 | 2024
Note | £ | £
Turnover | 4 | 43,723,043 | 53,192,548
Cost of sales |  | (42,032,911) | (50,901,438)
Gross profit |  | 1,690,132 | 2,291,110
Administrative expenses |  | (3,754,663) | (3,618,705)
Other operating income | 5 | 929,592 | 407,179
Operating loss | 6 | (1,134,939) | (920,416)
Interest receivable and similar income |  | 42,053 | 92,547
Interest payable and similar expenses | 10 | (243,921) | (433,710)
Loss before tax |  | (1,336,807) | (1,261,579)
Tax on loss | 11 | (677,565) | 313,916
Loss after tax |  | (2,014,372) | (947,663)
Retained earnings at the beginning of the year |  | 8,028,482 | 8,976,149
|  | 8,028,482 | 8,976,149
Loss for the year |  | (2,014,372) | (947,663)
Retained earnings at the end of the year |  | 6,014,110 | 8,028,486
Page 14
CLICK ENTERTAINMENT LIMITED REGISTERED NUMBER:06839872
BALANCE SHEET AS AT 30 SEPTEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 12 |  | 134,576 |  | 164,036
|  |  | 134,576 |  | 164,036
Current assets |  |  |  |  |
Stocks | 13 | 8,042,089 |  | 7,386,528 |
Debtors: amounts falling due within one year | 14 | 5,663,796 |  | 6,586,229 |
Cash at bank and in hand | 15 | 1,764,553 |  | 1,199,544 |
|  | 15,470,438 |  | 15,172,301 |
Creditors: amounts falling due within one year | 16 | (9,508,821) |  | (7,229,401) |
Net current assets |  |  | 5,961,617 |  | 7,942,900
Total assets less current liabilities |  |  | 6,096,193 |  | 8,106,936
Provisions for liabilities |  |  |  |  |
Other provisions | 18 | (78,350) |  | (78,350) |
|  |  | (78,350) |  | (78,350)
Net assets |  |  | 6,017,843 |  | 8,028,586
Capital and reserves |  |  |  |  |
Called up share capital | 19 |  | 100 |  | 100
Foreign exchange reserve | 20 |  | 3,631 |  | -
Profit and loss account | 20 |  | 6,014,112 |  | 8,028,486
|  |  | 6,017,843 |  | 8,028,586
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
R Westergaard
Director
Date: 16 March 2026
Page 15
CLICK ENTERTAINMENT LIMITED
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025
|  |  | 2025 | 2024
|  |  | £ | £
Cash flows from operating activities |  |
Loss for the financial year | (2,014,372) | (947,663)
Adjustments for: |  |
Depreciation of tangible assets | 68,525 | 59,587
Loss on disposal of tangible assets | - | (3,000)
Interest paid | 243,921 | 433,710
Interest received | (42,053) | (92,547)
Taxation charge | 677,565 | (313,916)
(Increase)/decrease in stocks | (655,562) | 5,939,299
Decrease in debtors | 287,237 | 289,932
(Increase)/decrease in amounts owed by groups | (42,372) | 178
(Decrease)/increase in creditors | (1,319,898) | 170,544
(Decrease) in amounts owed to groups | (199,063) | (507,940)
Increase/(decrease) in provisions | - | (40,000)
Corporation tax received/(paid) | - | 280,323
Foreign exchange movement | 3,632 | 1,321
Net cash generated from operating activities | (2,992,440) | 5,269,828
Cash flows from investing activities |  |
Purchase of tangible fixed assets | (39,065) | (31,169)
Sale of tangible fixed assets | - | 3,000
Interest received | 42,053 | 92,547
Net cash from investing activities | 2,988 | 64,378
Cash flows from financing activities |  |
Interest paid | (243,921) | (433,710)
Net cash used in financing activities | (243,921) | (433,710)
Net (decrease)/increase in cash and cash equivalents | (3,233,373) | 4,900,496
Cash and cash equivalents at beginning of year | (1,797,331) | (6,697,827)
Cash and cash equivalents at the end of year | (5,030,704) | (1,797,331)
Cash and cash equivalents at the end of year comprise: |  |
Cash at bank and in hand | 1,764,553 | 1,199,544
Bank overdrafts | (6,795,257) | (2,996,875)
| (5,030,704) | (1,797,331)
Page 16
CLICK ENTERTAINMENT LIMITED
ANALYSIS OF NET DEBT FOR THE YEAR ENDED 30 SEPTEMBER 2025
| At 1 October 2024 | Cash flows | At 30 September 2025
| £ | £ | £
Cash at bank and in hand | 1,199,544 | 565,009 | 1,764,553
Bank overdrafts | (2,996,875) | (3,798,382) | (6,795,257)
Debt due within 1 year | (8,372) | 2,062 | (6,310)
| (1,805,703) | (3,231,311) | (5,037,014)
Page 17
CLICK ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. | General information
Click Entertainment Limited is a private company limited by shares, incorporated in England and Wales. The address of the registered office is Unit 3/4 ZK Park, 23 Commerce Way, Croydon, London, CR0 4ZS. The company operates in the wholesale and distribution of video games, consoles and accessories 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 18
CLICK ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 2.4 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.7 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.8 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds. Page 19
CLICK ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.9 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.10 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Short-term leasehold property | - |  | over the lease term
|  |  |  | Plant and machinery | - | 20% | reducing balance
|  |  |  | Office equipment | - | 20% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 20
CLICK ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.11 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.12 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.13 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.
| 2.14 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.15 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. Page 21
CLICK ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.16 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Page 22
CLICK ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.16 | Financial instruments (continued)
Other financial instruments Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss. Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors including expectation of future events that are believed to be reasonable under the circumstances. Stock valuation and obsolesence Stock is valued at the lower of cost and net realisiable value. Obsolesence is reviewed in the light of slow moving stock and forecasts of expected sale value based on trends of sales of that particular product Page 23
CLICK ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
4. | Turnover
| An analysis of turnover by class of business is as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Video games, consoles and accessories | 43,723,043 | 53,192,548
|  | 43,723,043 | 53,192,548
Analysis of turnover by country of destination:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| United Kingdom | 8,276,247 | 6,272,712
| Rest of Europe | 15,964,536 | 21,303,414
| America | 7,058,505 | 11,408,273
| Asia | 11,713,009 | 12,634,965
| Africa | 291,487 | 1,094,984
| Rest of world | 419,259 | 478,200
|  | 43,723,043 | 53,192,548
5. | Other operating income
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other operating income | 929,592 | 407,179
|  | 929,592 | 407,179
6. | Operating loss
| The operating loss is stated after charging:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Exchange differences | 55,579 | 148,038
| Other operating lease rentals | 204,793 | 241,905
Page 24
CLICK ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
7. | Auditors' remuneration
| During the year, the Company obtained the following services from the Company's auditors and their associates:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fees payable to the Company's auditors and their associates for the audit of the Company's financial statements | 37,250 | 36,500
| Fees payable to the Company's auditors and their associates in respect of: |  |
| Audit-related assurance services | 2,000 | 2,000
| Taxation compliance services | 750 | 750
8. | Employees
| Staff costs, including director's remuneration, were as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Wages and salaries | 1,765,444 | 1,774,084
| Social security costs | 228,482 | 206,031
| Cost of defined contribution scheme | 30,165 | 31,184
|  | 2,024,091 | 2,011,299
| The average monthly number of employees, including the director, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Directors | 1 | 1
|  | Administration | 7 | 7
|  | Purchasing | 3 | 3
|  | Sales | 12 | 12
|  | Warehouse | 12 | 15
|  |  | 35 | 38
Page 25
CLICK ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
9. | Director's remuneration
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Director's emoluments | 232,781 | 160,000
|  | 232,781 | 160,000
| The highest paid director received remuneration of £145,281 (2024 - £137,500).
10. | Interest payable and similar expenses
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank interest payable | 243,490 | 433,592
| Other loan interest payable | 431 | 118
|  | 243,921 | 433,710
11. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Deferred tax |  |
| Origination and reversal of timing differences | 677,565 | (313,916)
| Tax on loss | 677,565 | (313,916)
Page 26
CLICK ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 11.Taxation (continued)
| Factors affecting tax charge for the year
| The tax assessed for the year is higher than (2024 - higher than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Loss on ordinary activities before tax | (1,336,807) | (1,261,579)
| Loss on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%) | (334,202) | (315,395)
| Effects of: |  |
| Expenses not deductible for tax purposes, other than goodwill amortisation and impairment | 2,114 | 2,229
| Capital allowances for year in excess of depreciation | 5,426 | (750)
| Unrecognised tax losses asset | 1,004,227 | -
| Total tax charge for the year | 677,565 | (313,916)
| Factors that may affect future tax charges
The company has losses of £4,137,839 (2024: £2,831,190) to use against future trading profits. Page 27
CLICK ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
12. | Tangible fixed assets
|  | Short-term leasehold property | Plant and machinery | Office equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 October 2024 | 115,715 | 226,428 | 863,610 | 1,205,753
| Additions | - | - | 39,065 | 39,065
| At 30 September 2025 | 115,715 | 226,428 | 902,675 | 1,244,818
| Depreciation |  |  |  |
| At 1 October 2024 | 113,375 | 221,593 | 706,749 | 1,041,717
| Charge for the year on owned assets | 966 | 1,956 | 65,603 | 68,525
| At 30 September 2025 | 114,341 | 223,549 | 772,352 | 1,110,242
| Net book value |  |  |  |
| At 30 September 2025 | 1,374 | 2,879 | 130,323 | 134,576
| At 30 September 2024 | 2,340 | 4,835 | 156,861 | 164,036
13. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 8,042,089 | 7,386,528
|  | 8,042,089 | 7,386,528
Page 28
CLICK ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
14. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 2,499,868 | 2,626,278
| Amounts owed by group undertakings | 649,311 | 606,939
| Other debtors | 2,366,836 | 2,499,328
| Prepayments and accrued income | 147,781 | 176,119
| Deferred taxation | - | 677,565
|  | 5,663,796 | 6,586,229
15. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 1,764,553 | 1,199,544
| Less: bank overdrafts | (6,795,257) | (2,996,875)
|  | (5,030,704) | (1,797,331)
16. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 6,795,257 | 2,996,875
| Trade creditors | 2,087,422 | 3,199,219
| Amounts owed to group undertakings | 29,578 | 228,641
| Taxation and social security | 1 | 52,895
| Other creditors | 42,318 | 61,446
| Accruals and deferred income | 554,245 | 690,325
|  | 9,508,821 | 7,229,401
| Bank overdrafts are secured by intercompany guarantee, whereby Fleggaard Holding A/S are liable for any irrecoverable amounts due to the bank.
Page 29
CLICK ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
17. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | 677,565
| Charged to the profit or loss | (677,565)
| At end of year | -
| The deferred tax asset is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | - | 29,050
| Tax losses carried forward | - | (706,615)
|  | - | (677,565)
18. | Provisions
|  | Dilapidation provision
|  | £
| At 1 October 2024 | 78,350
| At 30 September 2025 | 78,350
19. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary shares of £1.00 each | 100 | 100
Page 30
CLICK ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
20. | Reserves
Foreign exchange reserve Comprises of the fair value movement on hedging contracts held at the year end. Profit and loss account All reserves in respect of profit and loss are distributable reserves.
21. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £30,165 (2024: £31,184). Contributions totalling £6,310 (2024: £8,372) were payable to the fund at the balance sheet date and are included in creditors.
22. | Commitments under operating leases
| At 30 September 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 200,000 | 200,000
| Later than 1 year and not later than 5 years | - | 200,000
|  | 200,000 | 400,000
23. | Related party transactions
| During the year there was key management compensation payable totalling £232,781 (2024: 160,000). Intercompany balance included in trade debtors and trade creditors are offered on normal commercial terms and no interest is payable on these balances.
|  | 2025 | 2024
|  | £ | £
| Sales to group companies | 7,147,036 | 5,266,649
| Purchases from group companies | 3,753,182 | 6,562,742
| Trade debtors amounts due from group companies | 649,311 | 606,939
| Trade creditors amounts due to group companies | 30,545 | 228,641
| Interest received from group companies | 27,773 | 44,876
Page 31
CLICK ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
24. | Controlling party
At the balance sheet date, the parent company was deemed to be Selskabet af 01.10.2023 A/S, in the preceding year the parent company was Dangaard Electronics A/S. The ultimate parent company is Aktieselskabet Fladkær (Fladkær Ltd), a company incorporated in Denmark with its registered office at Skovbakken 10, Kruså, 6340, Denmark. The ultimate controlling party is limited company Aktieselskabet Fladkær (Fladkær Ltd), a company incorporated in Denmark with its registered office at Skovbakken 10, Kruså, 6340, Denmark. According to Danish Financial Statements Act s. 112, paragraph 1, a consolidated financial statement is not prepared by Dangaard. The financial statements of Dangaard Electronics A/S and its subsidiary companies are included in the consolidated financial statements for Fleggaard Holding A/S and limited company Fladkær. The consolidated accounts for the group are available on the website of Fleggaard Holding A/S.
Page 32