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Registration number: 12248483

More Life World Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

More Life World Limited

Contents

Balance Sheet | 1
Statement of Changes in Equity | 2
Notes to the Unaudited Financial Statements | 3 to 7

More Life World Limited

(Registration number: 12248483)
Balance Sheet as at 31 December 2024

| Note | 2024 € | 2023 €
Fixed assets |  |  |
Intangible assets | 4 | 855 | -
Tangible assets | 5 | 2,354 | -
|  | 3,209 | -
Current assets |  |  |
Debtors | 6 | 84,387 | 77,229
Cash at bank and in hand |  | 47,792 | 53,767
|  | 132,179 | 130,996
Creditors: Amounts falling due within one year | 7 | (47,940) | (54,919)
Net current assets |  | 84,239 | 76,077
Net assets |  | 87,448 | 76,077
Capital and reserves |  |  |
Called up share capital | 8 | 11,148 | 11,148
Retained earnings |  | 76,300 | 64,929
Shareholders' funds |  | 87,448 | 76,077

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 April 2026

......................................... Patrick Charles Gontard Director

More Life World Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

| Share capital € | Retained earnings € | Total €
At 1 January 2024 | 11,148 | 64,929 | 76,077
Profit for the year | - | 33,131 | 33,131
Dividends | - | (21,760) | (21,760)
At 31 December 2024 | 11,148 | 76,300 | 87,448

| Share capital € | Retained earnings € | Total €
At 1 January 2023 | 11,148 | 160,728 | 171,876
Loss for the year | - | (95,799) | (95,799)
At 31 December 2023 | 11,148 | 64,929 | 76,077

More Life World Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
5th Floor North Side
7/10 Chandos Street
Cavendish Square
London
W1G 9DQ
England

These financial statements were authorised for issue by the director on 9 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Euro, which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

More Life World Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Computer Equipment | Straight line 20%

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Trademarks | Straight line 10%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

More Life World Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

More Life World Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4 | Intangible assets

| Trademarks, patents and licenses € | Total €
Cost or valuation
Additions acquired separately | 900 | 900
At 31 December 2024 | 900 | 900
Amortisation
Amortisation charge | 45 | 45
At 31 December 2024 | 45 | 45
Carrying amount
At 31 December 2024 | 855 | 855

5 | Tangible assets

| Computer equipment € | Total €
Cost or valuation
Additions | 2,394 | 2,394
At 31 December 2024 | 2,394 | 2,394
Depreciation
Charge for the year | 40 | 40
At 31 December 2024 | 40 | 40
Carrying amount
At 31 December 2024 | 2,354 | 2,354

6 | Debtors

Current | Note | 2024 € | 2023 €
Trade debtors |  | 39,919 | 25,498
Amounts owed by related parties |  | 33,320 | 15,217
Other debtors |  | 11,148 | 36,514
|  | 84,387 | 77,229

More Life World Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 € | 2023 €
Due within one year |  |  |
Trade creditors |  | 3,877 | 13,887
Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 784 | 4,145
Taxation and social security |  | 28,364 | 28,364
Accruals and deferred income |  | 9,916 | 3,523
Other creditors |  | 4,999 | 5,000
|  | 47,940 | 54,919

8 | Share capital

Allotted, called up and not fully paid shares

| 2024 | 2023
| No. | € | No. | €
Ordinary of €1.11 each | 10,000 | 11,148.00 | 10,000 | 11,148.00

9 | Parent and ultimate parent undertaking

The company's immediate parent is Gontard & Cie Group Holding Company Limited, incorporated in England.