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Registration number: 13403283

Mega Advanced Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2025

Mega Advanced Ltd

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3 to 4
Notes to the Unaudited Financial Statements | 5 to 10

Mega Advanced Ltd

Company Information

Directors | M E Ashford T F Mercey LP Mercey NW Wray V L Luck

Registered office | 82 St John Street London EC1M 4JN

Accountants | KSEG Chartered Accountants Belfry House Champions Way Hendon London NW4 1PX

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Financial Statements of
Mega Advanced Ltd
for the Year Ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mega Advanced Ltd for the year ended 31 December 2025 which comprise the statement of comprehensive income, balance sheet, statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
https://www.icaew.com/regulation/a-z.

It is your duty to ensure that Mega Advanced Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Mega Advanced Ltd. You consider that Mega Advanced Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mega Advanced Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Use of our report

This report is made solely to the Board of Directors of Mega Advanced Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Mega Advanced Ltd and state those matters that we have agreed to state to the Board of Directors of Mega Advanced Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mega Advanced Ltd and its Board of Directors, as a body, for our work or for this report.

......................................
KSEG
Chartered Accountants
Belfry House
Champions Way
Hendon
London
NW4 1PX

15 May 2026

Mega Advanced Ltd

(Registration number: 13403283)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment in subsidiaries | 4 | 931,497 | 931,497
Other investments | 5 | - | 31,878
|  | 931,497 | 963,375
Current assets |  |  |
Debtors | 6 | 4,055,463 | 4,082,798
Cash at bank and in hand |  | 66,060 | 86,109
|  | 4,121,523 | 4,168,907
Creditors: Amounts falling due within one year | 7 | (2,385,291) | (2,222,359)
Net current assets |  | 1,736,232 | 1,946,548
Total assets less current liabilities |  | 2,667,729 | 2,909,923
Creditors: Amounts falling due after more than one year | 7 | (1,000,000) | (1,000,000)
Net assets |  | 1,667,729 | 1,909,923
Capital and reserves |  |  |
Called up share capital | 8 | 21,105 | 21,105
Share premium reserve |  | 2,242,626 | 2,242,626
Capital redemption reserve |  | 1 | 1
Share option reserve |  | 389,387 | 231,019
Profit and loss account |  | (985,390) | (584,828)
Shareholders' funds |  | 1,667,729 | 1,909,923

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The statement of comprehensive income and the directors' report are not delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.

Mega Advanced Ltd

(Registration number: 13403283)
Balance Sheet as at 31 December 2025

Approved and authorised for issue by the Board on 15 May 2026 and signed on its behalf by:

......................................... T F Mercey Director

Mega Advanced Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England. The registered office address is shown on page 1.

2 | Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A Small Entities and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention, except where otherwise disclosed in these accounting policies certain items are measured at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Exemption from preparing group accounts

The company is the parent of a small group. The company has taken advantage of the exemption provided by section 398 of the Companies Act 2006 not to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements in compliance with FRS102 Section 1A Small Entities may require the use of certain critical estimates. It may also require the directors to exercise judgement in applying the accounting policies.
In preparing these financial statements, the directors have had to make the following significant judgement:
Determine to what extent there are indicators of impairment of the company's investments that are carried at cost. Factors taken into consideration in reaching such a decision include knowledge as to the economic viability and expected future financial performance of the investments.
There were no other significant judgements or areas of critical estimation uncertainty.

Summary of significant accounting policies

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

Going concern

The directors have considered in detail the company's forecast performance as well as its capital and liquidity resources. On that basis, the directors consider the company will be able to meet its liabilities as they fall due for the forseeable future, being a period of at least 12 months from the date on which these financial statements are approved.
Having regard to the above, the directors believe it is appropriate to adapt the going concern basis of accounting in preparing the financial statements.

Mega Advanced Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

2 | Accounting policies (continued)

Foreign currency transactions and balances

Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. Any differences are recognised in the profit or loss. Any non-monetary items that are initially measured at historic cost in a foreign currency are not re-translated at each reporting date.

Investment in subsidiaries

Investment in subsidiaries are stated at cost less any provision for impairment. An entity is treated as a subsidiary where the company has the power to govern the financial and operating policies of the investee entity so as to obtain benefits from its activities.

Cash at bank and in hand

This comprises cash at bank.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Financial instruments including other fixed asset investments

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than its legal form.
The company's cash at bank, other debtors, convertible loan notes, other loans and other creditors are measured initially at transaction price, and subsequently at amortised cost using the effective interest method, where appropriate.
Investments in unlisted investments are carried in the balance sheet at fair value with changes in fair value recognised in profit or loss. In the circumstances where the fair values are not reliably measurable, such assets are carried at cost less any accumulated impairment.
Investments are classified as fixed asset investments where the company's intention was to hold them on a continuing basis.

Share based payments

The company operates an equity-settled, share-based compensation plan, under which the group receives services from employees as consideration for equity instruments (options) of the entity. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The total amount expensed is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.
The proceeds received net of any directly attributable transaction costs are credited to share capital (nominal value) and share premium when the options are exercised.

Mega Advanced Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

3 | Employees and directors information

The company had no employees (2024 - none) and 5 directors (2024 - 5) during the year.

4 | Investment in subsidiaries

| 2025 £ | 2024 £
Carrying amount | 931,497 | 931,497

| £
Cost
At 1 January 2025 and 31 December 2025 | 931,497
Carrying amount
At 31 December 2025 | 931,497
At 31 December 2024 | 931,497

Details of the subsidiaries are as follows:

Name | Registered office | Nature of holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
The Mobile Gaming Awards Ltd | 82 St John Street London EC1M 4JN | Ordinary share capital | 100% | 100%
Esports Awards Ltd | 82 St John Street London EC1M 4JN | Ordinary share capital | 100% | 100%
Upwards Agency Ltd | 82 St John Street London EC1M 4JN | Ordinary share capital | 100% | 100%

Principal activity
The principal activity of Esports Awards Limited and The Mobile Gaming Awards Limited is hosting events within the esports, gaming and technology sector.
The principal activity of Upwards Agency Limited is that of an advertising agency.

Mega Advanced Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5 | Other investments

| Unlisted investments £
Cost
At 1 January 2025 | 500,000
At 31 December 2025 | 500,000
Impairment
At 1 January 2025 | 468,122
Impairment in year | 31,878
At 31 December 2025 | 500,000
Carrying amount
At 31 December 2025 | -
At 31 December 2024 | 31,878

6 | Debtors

| 2025 £ | 2024 £
Amounts due from subsidiaries | 4,050,323 | 4,080,529
Other debtors | 1,078 | -
Prepayments | 4,062 | 2,269
| 4,055,463 | 4,082,798

Amounts due from subsidiaries are unsecured, interest free and repayable on demand.

Mega Advanced Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7 | Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Trade creditors | 4,139 | 8,049
Unsecured convertible loan notes | 1,650,000 | 1,500,000
Unsecured loans | 410,000 | 410,000
Directors' current account | 128,154 | 126,154
Other creditors | - | 53,742
Accruals | 192,998 | 124,414
| 2,385,291 | 2,222,359

The unsecured convertible loan notes can be redeemed at any time by the company notifying the noteholder.

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Debenture loan | 1,000,000 | 1,000,000

The debenture loan is secured by a debenture mortgage containing fixed and floating charges over the company's assets.

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £0.01 each | 2,110,487 | 21,105 | 2,110,487 | 21,105

9 | Related party transactions

The company has taken advantage of exemption available in FRS 102 Section 1A not to disclose transactions with its wholly owned subsidiaries other than those disclosed elsewhere in the notes.

10 | Controlling party

At 31 December 2025, the company was controlled by L P Mercey.
At the date of approval of these financial statements there is no controlling party as no shareholder has more than 50% beneficial holding in the company.

Mega Advanced Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

11 | Post balance sheet events

After the balance sheet date, the company alloted 9,454 Ordinary shares of £0.01 each for £1,229.02.