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MRGE LIMITED

Registered Number
16320438
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2025

MRGE LIMITED
Company Information
for the period from 17 March 2025 to 31 December 2025

Director | Paul Sangle-Ferriere

Registered Address | 11 Regents Mill Apartments
| Clarissa Street
| London
| E8 4FS

Registered Number | 16320438 (England and Wales)

MRGE LIMITED
Balance Sheet as at
31 December 2025

| Notes | 2025
--- | --- | ---
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 |  |  | 2,489
|  |  |  | 2,489
Current assets |  |  |  |
Debtors | 5 | 60,619 |  |
Cash at bank and on hand |  | 19,538 |  |
|  | 80,157 |  |
Creditors amounts falling due within one year | 6 | (374,404) |  |
Net current assets (liabilities) |  |  |  | (294,247)
Total assets less current liabilities |  |  |  | (291,758)
Net assets |  |  |  | (291,758)
Capital and reserves |  |  |  |
Called up share capital |  |  |  | 1
Profit and loss account |  |  |  | (291,759)
Shareholders' funds |  |  |  | (291,758)

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 28 April 2026, and are signed on its behalf by:
Paul Sangle-Ferriere Director Registered Company No. 16320438

MRGE LIMITED
Notes to the Financial Statements
for the period ended 31 December 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Going concern
--- | ---
| After reviewing the company's forecasts and projections, the Director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, with the support of its parent company MRGE Inc. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

|  | Reducing balance (%)
| Office Equipment | 33

2. | Average number of employees
--- | ---

|  | 2025
| Average number of employees during the year | 2

3. | Further information regarding the company's income
--- | ---
| These financial statements have been prepared for the period from the date of incorporation on 17 March 2025 to 31 December 2025. This represents the Company’s first set of financial statements since incorporation.

4. | Tangible fixed assets
--- | ---

|  | Office Equipment |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| Additions | 3,318 |  | 3,318
| At 31 December 25 | 3,318 |  | 3,318
| Depreciation and impairment
| Charge for year | 829 |  | 829
| At 31 December 25 | 829 |  | 829
| Net book value
| At 31 December 25 | 2,489 |  | 2,489
| At 16 March 25 | - |  | -

5. | Debtors: amounts due within one year
--- | ---

|  | 2025
--- | --- | ---
|  | £
| Other debtors | 56,821
| Prepayments and accrued income | 3,798
| Total | 60,619

6. | Creditors: amounts due within one year
--- | ---

|  | 2025
--- | --- | ---
|  | £
| Trade creditors / trade payables | 3,563
| Amounts owed to related parties | 355,497
| Taxation and social security | 12,900
| Other creditors | 243
| Accrued liabilities and deferred income | 2,201
| Total | 374,404

| At the balance sheet date, the company owed £355,497 (USD: 479,167) to its parent company, MRGE Inc. This amount is included within amounts owed to related parties. The loan is unsecured, interest-free, and repayable on demand. At the balance sheet date, the Company owed £243 to the Director and this amount is included within other creditors. The loan is unsecured, interest free and repayable on demand.

7. | Related party transactions
--- | ---
| At the balance sheet date, the Company owed £355,497 to its parent undertaking, MRGE Inc. The balance comprised £499,954 in respect of funding provided by the parent undertaking, offset by £2,865 relating to expenses incurred by the Company on behalf of the parent undertaking and a net decrease of the intercompany loan balance of £5,591 arising from foreign exchange movement. In addition, fees were charged by the Company to its parent undertaking in respect of management support (£33,890) and software distribution services (£102,111) provided during the period. These fees were charged in accordance with the group's transfer pricing policy and are considered to be at arm's length.