ACCOUNTS - Final Accounts preparation

Company registration number: 14295449

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2025

	MSL EDGE EUROPE LTD


MSL EDGE EUROPE LTD

COMPANY INFORMATION

Directors	T Walter
	M Muscato
	C Doyle
	L Britton


Company secretary	Keystone Law Limited


Registered number	14295449


Registered office	1st Floor
	48 Chancery Lane
	London
	WC2A 1JF


Accountants	Menzies LLP
	Chartered Accountants
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


MSL EDGE EUROPE LTD

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 7


MSL EDGE EUROPE LTD REGISTERED NUMBER:14295449

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	4		9,167,115		9,610,554
Tangible assets	5		-		658
Investments	6		26,265		23,737
			9,193,380		9,634,949
Current assets
Debtors: amounts falling due within one year	7	394,486		125,391
Cash at bank and in hand		24,141		26,060
		418,627		151,451
Creditors: amounts falling due within one year	8	(1,893,667)		(2,786,133)
Net current liabilities			(1,475,040)		(2,634,682)
Total assets less current liabilities			7,718,340		7,000,267

Net assets			7,718,340		7,000,267

Capital and reserves
Called up share capital	16,901	10,384
Share premium account	2,305,832	511,239
Other reserves	10,000,000	10,000,000
Profit and loss account	(4,604,393)	(3,521,356)
	7,718,340	7,000,267

Page 1


MSL EDGE EUROPE LTD REGISTERED NUMBER:14295449

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

T Walter

Director

Date: 21 June 2026

The notes on pages 3 to 7 form part of these financial statements.

Page 2


MSL EDGE EUROPE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

MSL Edge Europe Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number and registered office address can be found on the company information page. As the company operates on a remote basis, they do not have a defined principal place of business.

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 disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 and is rounded to the nearest £.

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.

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 generated via providing a payment processing platform to customers and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives of 10 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3


MSL EDGE EUROPE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

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

Intangible assets

Intangible assets are initially recognised at cost.

After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software gifted to the entity by way of a capital contribution is recognised under the cost model, as above. Cost on recognition is measured as the fair value at the date of acquisition, as assessed by the directors.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.8

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:

Computer equipment

25%

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.

2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4


MSL EDGE EUROPE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.10

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.

Employees

The average number of monthly employees during the period, including directors, was 4 (2024 - 5).

4.	Intangible assets

	Development expenditure	Computer software	Total
	£	£	£
Cost
At 1 January 2025	304,486	11,579,943	11,884,429
Additions	-	856,265	856,265
Cost adjustment	(25,635)	-	(25,635)
At 31 December 2025	278,851	12,436,208	12,715,059
Amortisation
At 1 January 2025	60,898	2,212,977	2,273,875
Charge for the year on owned assets	30,448	1,243,621	1,274,069
At 31 December 2025	91,346	3,456,598	3,547,944
Net book value
At 31 December 2025	187,505	8,979,610	9,167,115
At 31 December 2024	243,588	9,366,966	9,610,554

Included within Computer Software is a gift by way of a capital contribution by one of the shareholders. This is recognised under the cost model, with a cost measured as the fair value at the date of acquisition as assessed by the directors, of £10,000,000 (2024: £10,000,000).

Page 5


MSL EDGE EUROPE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5.	Tangible fixed assets

		Computer equipment
		£

	At 1 January 2025	937
	Disposals	(937)
	At 31 December 2025	-

	At 1 January 2025	279
	Disposals	(279)
	At 31 December 2025	-
	Net book value
	At 31 December 2025	-
	At 31 December 2024	658

6.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2025	23,737
	Additions	2,528
	At 31 December 2025	26,265

Page 6


MSL EDGE EUROPE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	17,011	8,697
Amounts owed by group undertakings	377,475	96,859
Other debtors	-	362
Prepayments and accrued income	-	19,473
	394,486	125,391

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	554,647	562,483
Amounts owed to group undertakings	322,418	106,962
Other creditors	179,603	1,538,305
Accruals and deferred income	836,999	578,383
	1,893,667	2,786,133

Included within other creditors is an amount of £112,061 (2024 - £1,293,238) owed to directors of the company. These loans are accruing interest and are repayable on demand.

Page 7