2MEE LTD


Directors	PATERSON, Stephen Liston Lindsay
	RILEY, James Patrick
	RUSSELL, Ian
	SMILLIE, Brian Mitchell


Registered Address	Unit 3, Westhouse Business Centre Wheldrake Lane
	Elvington
	York
	YO41 4AZ


Registered Number	08053683 (England and Wales)

Notes to the Financial Statements
for the year 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.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	At 31 December 2025 the company had net current liabilities of £366,858, net assets of £118,002 and incurred a loss before taxation of £31,956 for the year. Cash resources at the balance sheet date were minimal. The directors have reviewed financial forecasts and projections for a period of not less than twelve months from the date of approval of these accounts. In reaching their conclusion that it is appropriate to prepare the accounts on a going concern basis, the directors have had regard to the following: An R&D tax credit of £62,620 is receivable from HMRC in respect of the current year and is expected to be received in the near term following submission of the corporation tax return. The directors and connected persons have provided ongoing financial support to the company by way of unsecured loans totalling £421,529 at the year end, and have confirmed their intention and ability to maintain this support for the foreseeable future. The directors are also confident in the company's commercial pipeline and its ability to generate revenue from its principal activity of bespoke mobile application development. On the basis of the above, the directors consider it appropriate to continue to prepare the accounts on a going concern basis and the accounts do not include any adjustments that would result from a failure to do so.

Going concern

At 31 December 2025 the company had net current liabilities of £366,858, net assets of £118,002 and incurred a loss before taxation of £31,956 for the year. Cash resources at the balance sheet date were minimal.
The directors have reviewed financial forecasts and projections for a period of not less than twelve months from the date of approval of these accounts. In reaching their conclusion that it is appropriate to prepare the accounts on a going concern basis, the directors have had regard to the following:
An R&D tax credit of £62,620 is receivable from HMRC in respect of the current year and is expected to be received in the near term following submission of the corporation tax return. The directors and connected persons have provided ongoing financial support to the company by way of unsecured loans totalling £421,529 at the year end, and have confirmed their intention and ability to maintain this support for the foreseeable future. The directors are also confident in the company's commercial pipeline and its ability to generate revenue from its principal activity of bespoke mobile application development.
On the basis of the above, the directors consider it appropriate to continue to prepare the accounts on a going concern basis and the accounts do not include any adjustments that would result from a failure to do so.

	Revenue from sale of goods
	Revenue arises from the provision of bespoke mobile application development services and associated software licensing. Revenue from development services is recognised by reference to the stage of completion of the contract at the balance sheet date, where the outcome of the contract can be estimated reliably. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent that costs incurred are expected to be recovered. Revenue from software licensing and intellectual property arrangements is recognised when the significant risks and rewards of the licence have been transferred to the customer.

Revenue from sale of goods

Revenue arises from the provision of bespoke mobile application development services and associated software licensing. Revenue from development services is recognised by reference to the stage of completion of the contract at the balance sheet date, where the outcome of the contract can be estimated reliably. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent that costs incurred are expected to be recovered. Revenue from software licensing and intellectual property arrangements is recognised when the significant risks and rewards of the licence have been transferred to the customer.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	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.

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	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 - Patents Amortisation method and rate - over 20 years straight line

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Fixtures and fittings	15	-
Office Equipment	-	3

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	5		5

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 25	407,801	407,801
Additions	234,520	234,520
At 31 December 25	642,321	642,321
Amortisation and impairment
At 01 January 25	134,561	134,561
Charge for year	32,048	32,048
At 31 December 25	166,609	166,609
Net book value
At 31 December 25	475,712	475,712
At 31 December 24	273,240	273,240

4.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 January 25	990	50,523	51,513
Additions	-	936	936
At 31 December 25	990	51,459	52,449
Depreciation and impairment
At 01 January 25	466	34,431	34,897
Charge for year	92	8,312	8,404
At 31 December 25	558	42,743	43,301
Net book value
At 31 December 25	432	8,716	9,148
At 31 December 24	524	16,092	16,616

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	33,931	277,841
Bank borrowings and overdrafts	23,000	25,139
Amounts owed to related parties	421,529	104,379
Taxation and social security	34,546	32,228
Debentures in issue	50,500	89,000
Accrued liabilities and deferred income	91,541	21,891
Total	655,047	550,478

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	1,259
Total	-	1,259

7.	Related party transactions
	During the year and at the balance sheet date, the company had amounts outstanding to certain of its directors and connected persons, included within creditors: Amounts falling due within one year, as follows: Brian Mitchell Smillie £262,729 (2024; £15,250) James Patrick Riley £66,671 (2024; £4,000) David Soppelsa £54,902 (2024; £54,902) Ian Russell £31,227 (2024; £24,227) John Carroll £6,000 (2024; £6,000) All balances are unsecured, interest-free and repayable on demand. No amounts were written off or forgiven during the year. These loans have been made to provide working capital support to the company.

Related party transactions

During the year and at the balance sheet date, the company had amounts outstanding to certain of its directors and connected persons, included within creditors: 

Amounts falling due within one year, as follows:
Brian Mitchell Smillie £262,729 (2024; £15,250)
James Patrick Riley £66,671 (2024; £4,000)
David Soppelsa £54,902 (2024; £54,902)
Ian Russell £31,227 (2024; £24,227) 
John Carroll £6,000 (2024; £6,000)

All balances are unsecured, interest-free and repayable on demand. No amounts were written off or forgiven during the year. These loans have been made to provide working capital support to the company.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		475,712		273,240
Tangible assets	4		9,148		16,616
			484,860		289,856
Current assets
Debtors		288,047		346,111
Cash at bank and on hand		142		137
		288,189		346,248
Creditors amounts falling due within one year	5	(655,047)		(550,478)
Net current assets (liabilities)			(366,858)		(204,230)
Total assets less current liabilities			118,002		85,626
Creditors amounts falling due after one year	6		-		(1,259)
Net assets			118,002		84,367
Capital and reserves
Called up share capital			13,372		13,372
Share premium			5,125,315		5,125,315
Profit and loss account			(5,020,685)		(5,054,320)
Shareholders' funds			118,002		84,367