ACCOUNTS - Final Accounts

Registered number: 12913127

MY GENERATION ASSET MANAGEMENT LTD

Unaudited

Financial statements

Information for filing with the registrar

for the year ended 31 March 2026

MY GENERATION ASSET MANAGEMENT LTD

Registered number: 12913127

Balance sheet

as at 31 March 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		158		399
Investments	5		1		1
			159		400
Current assets
Debtors: amounts falling due within one year	6	1,238		4,823
Cash at bank and in hand	7	24,025		42,229
		25,263		47,052

Creditors: amounts falling due within one year	8	(300,778)		(294,519)
Net current liabilities			(275,515)		(247,467)
Total assets less current liabilities			(275,356)		(247,067)
Net liabilities			(275,356)		(247,067)

Capital and reserves
Called up share capital	9	1,000	1,000
Profit and loss account	10	(276,356)	(248,067)
		(275,356)	(247,067)

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 comprehensive income 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 on 3 August 2026.

J M Handley

Director

The notes on pages 4 to 8 form part of these financial statements.

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MY GENERATION ASSET MANAGEMENT LTD

Registered number: 12913127

Balance sheet (continued)

as at 31 March 2026

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MY GENERATION ASSET MANAGEMENT LTD

Statement of changes in equity

for the year ended 31 March 2026

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 29 April 2024	880	(212,263)	(211,383)
Comprehensive income for the year
Loss for the year	-	(35,804)	(35,804)
Total comprehensive income for the year	-	(35,804)	(35,804)
Contributions by and distributions to owners
Shares issued during the year	120	-	120

At 1 April 2025	1,000	(248,067)	(247,067)
Comprehensive income for the year
Loss for the year	-	(28,289)	(28,289)
Total comprehensive income for the year	-	(28,289)	(28,289)
Total transactions with owners	-	-	-
At 31 March 2026	1,000	(276,356)	(275,356)

The notes on pages 4 to 8 form part of these financial statements.

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MY GENERATION ASSET MANAGEMENT LTD

Notes to the financial statements

for the year ended 31 March 2026

1.	General information

My Generation Asset Management Ltd (the Company) is a private limited company incorporated and domiciled in the United Kingdom. The Company registration number is 12913127 and the registered office is 11th Floor, 45 Church Street, Birmingham, B3 2RT.

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 financial statements are prepared in sterling (£), which is the functional currency of the company. The accounts have been prepared to the nearest £.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

2.3

Going concern

The Directors have a reaosnable expectation that the Company has adequate resources to continue in operational existence for the forseeable future. Whilst the majority of the Company's income is derived from connected parties and the Company is therefore dependent on the continuation of these contracts, the Directors have also considered the loan due to Frontier Development Capital Limited, which remained outstanding at the year end despite being contractually due for repayment. Whilst no formal extension to the repayment terms was in place at the report date, the Directors do not believe that the lender will seek immediate repayment and have considered this in their assessment of the Company's ability to coninue as a going concern. Accordingly the financial statements have beeen prepared on the going concern basis.

2.4

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 measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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MY GENERATION ASSET MANAGEMENT LTD

Notes to the financial statements

for the year ended 31 March 2026

2.Accounting policies (continued)

2.5

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.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.7

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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

3 years straight line basis

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.

2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.9

Debtors

Short term debtors are measured at transaction price, less any impairment.

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MY GENERATION ASSET MANAGEMENT LTD

Notes to the financial statements

for the year ended 31 March 2026

2.Accounting policies (continued)

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 3 (2025 - 3).

4.	Tangible fixed assets

		Office equipment
		£
	Cost
	At 1 April 2025	1,073
	At 31 March 2026	1,073
	Depreciation
	At 1 April 2025	674
	Charge for the year on owned assets	241
	At 31 March 2026	915
	Net book value
	At 31 March 2026	158
	At 31 March 2025	399

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MY GENERATION ASSET MANAGEMENT LTD

Notes to the financial statements

for the year ended 31 March 2026

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 April 2025	1
	At 31 March 2026	1

Debtors

					2026	2025
					£	£

Trade debtors	50	-
Other debtors	90	90
Prepayments and accrued income	1,098	4,733
	1,238	4,823

7.	Cash and cash equivalents
		2026	2025
		£	£

	Cash at bank and in hand	24,025	42,229

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MY GENERATION ASSET MANAGEMENT LTD

Notes to the financial statements

for the year ended 31 March 2026

8.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Trade creditors	490	8,718
Amounts owed to connected companies	-	225,745
Other taxation and social security	343	251
Other creditors	225,746	1
Accruals and deferred income	74,199	59,804
	300,778	294,519

Included in amounts owed to connected companies is a loan from Frontier Development Capital Limited. The loan is a credit facility provided to the Company which attracts interest at 8% per annum. The credit facility has been agreed to be provided until Apr-25. To the extent that the loan remains outstanding, on an exit the loan and any accrued but unpaid interest will convert into 5% ordinary shares of the Company should this result in consideration received on an exit being greater than the loan repayment.

9.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

460 (2025 - 460) Ordinary shares of £1.00 each	460	460
540 (2025 - 540) A Ordinary shares of £1.00 each	540	540

	1,000	1,000

10.

Reserves

Profit and loss account

Includes all current and prior period retained profits and losses.

11.	Controlling party

S W Summers is the ultimate controlling party of the company by virtue of her majority holding of the A Ordinary shares and the associated voting and governance rights.

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