Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-312025-12-31truefalsetruetruetruetruefalsefalse12025-01-013 08943502 2025-01-01 2025-12-31 08943502 2024-01-01 2024-12-31 08943502 2025-12-31 08943502 2024-12-31 08943502 2024-01-01 08943502 c:Director1 2025-01-01 2025-12-31 08943502 c:Director1 2025-12-31 08943502 c:Director2 2025-01-01 2025-12-31 08943502 c:Director2 2025-12-31 08943502 c:Director3 2025-01-01 2025-12-31 08943502 c:RegisteredOffice 2025-01-01 2025-12-31 08943502 d:ComputerSoftware 2025-12-31 08943502 d:ComputerSoftware 2024-12-31 08943502 d:OtherResidualIntangibleAssets 2025-01-01 2025-12-31 08943502 d:CurrentFinancialInstruments 2025-12-31 08943502 d:CurrentFinancialInstruments 2024-12-31 08943502 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 08943502 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 08943502 d:ReportableOperatingSegment1 2025-01-01 2025-12-31 08943502 d:ReportableOperatingSegment1 2024-01-01 2024-12-31 08943502 d:ReportableOperatingSegment2 2025-01-01 2025-12-31 08943502 d:ReportableOperatingSegment2 2024-01-01 2024-12-31 08943502 d:ReportableOperatingSegment3 2025-01-01 2025-12-31 08943502 d:ReportableOperatingSegment3 2024-01-01 2024-12-31 08943502 e:UnitedKingdom 2025-01-01 2025-12-31 08943502 e:UnitedKingdom 2024-01-01 2024-12-31 08943502 e:RestEuropeOutsideUK 2025-01-01 2025-12-31 08943502 e:RestEuropeOutsideUK 2024-01-01 2024-12-31 08943502 e:RestWorldOutsideUK 2025-01-01 2025-12-31 08943502 e:RestWorldOutsideUK 2024-01-01 2024-12-31 08943502 d:UKTax 2025-01-01 2025-12-31 08943502 d:UKTax 2024-01-01 2024-12-31 08943502 d:ShareCapital 2025-12-31 08943502 d:ShareCapital 2024-12-31 08943502 d:ShareCapital 2024-01-01 08943502 d:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 08943502 d:RetainedEarningsAccumulatedLosses 2025-12-31 08943502 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 08943502 d:RetainedEarningsAccumulatedLosses 2024-12-31 08943502 d:RetainedEarningsAccumulatedLosses 2024-01-01 08943502 c:OrdinaryShareClass1 2025-01-01 2025-12-31 08943502 c:OrdinaryShareClass1 2025-12-31 08943502 c:OrdinaryShareClass1 2024-12-31 08943502 c:FRS102 2025-01-01 2025-12-31 08943502 c:Audited 2025-01-01 2025-12-31 08943502 c:FullAccounts 2025-01-01 2025-12-31 08943502 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 08943502 d:Subsidiary1 2025-01-01 2025-12-31 08943502 d:Subsidiary1 1 2025-01-01 2025-12-31 08943502 2 2025-01-01 2025-12-31 08943502 6 2025-01-01 2025-12-31 08943502 f:PoundSterling 2025-01-01 2025-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08943502










BOOMBIT GAMES LIMITED










ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

 
BOOMBIT GAMES LIMITED
 
 
COMPANY INFORMATION


Directors
GAS Martins 
MM Olejarz 




Registered number
08943502



Registered office
14th Floor
33 Cavendish Square

London

W1G 0PW




Independent auditors
Sumer Auditco Limited

14th Floor

33 Cavendish Square

London

W1G 0PW





 
BOOMBIT GAMES LIMITED
 

CONTENTS



Page
Strategic report
 
1 - 2
Directors' report
 
3 - 4
Independent auditors' report
 
5 - 8
Statement of comprehensive income
 
9
Balance sheet
 
10
Statement of changes in equity
 
11
Notes to the financial statements
 
12 - 21


 
BOOMBIT GAMES LIMITED
 
 
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025

Introduction
 
The directors present their strategic report, which is followed by the directors' report, together with the audited financial statements for the year ended 31 December 2025.

Business review
 
Boombit Games Ltd. (the “Company”), a private limited company limited by shares, was incorporated in England and Wales on 17th March 2014.

Boombit Games Ltd. is a mobile game company that operates in a highly competitive market. The Company is a publisher of games on the Android platform (Google Play). Boombit Games Ltd. focuses on publishing games
with high monetisation potential.

According to the Newzoo portal, the global value of the gaming market in 2025 amounted to USD 188.8 billion (+3.4% y/y). In 2025, the mobile gaming segment remained the largest in the gaming market, generating revenues of USD 103.0 billion (+2.9% y/y), accounting for 55% of the entire market. 

The Company's primary objective is to create engaging games that appeal to a wide range of players.

Additionally, the Company aims to generate revenue through effective monetization strategies, including in-app purchases and advertisements. Boombit Games Ltd. has a diverse portfolio of games, including racing games, arcade-style games, midcore games, and more. The Company's portfolio continues to grow with new game titles created within the Boombit S.A. capital group, to which the Company belongs.

In 2025, among the newly released games were titles such as Big Helmets Warriors of Destiny, Hunters Origin, Rest Stop Tycoon, Transit King Trains, My Perfect Casino, Monster Truck Evolution, The Kingdom Medieval Tales, Car Jump Crash. In 2025, the Company achieved total revenue of £30.9 million, representing a decrease compared to the previous year (£34.4 million). In 2025, advertising revenue amounted to £18.9 million (down from £22.1 million in 2024), while in-app purchase revenue remained stable at £7.7 million. Revenue derived from the US subsidiary publishing games on the Apple platform (revenue share) amounted to £3.6 million, down from £4.3 million in the previous year.

The decrease in revenue from games was accompanied by a significant and positive reduction in cost of sales. The cost of sales in 2025 was £29.7 million, which was £4.1 million (12%) down from 2024 (£33.8 million). This positive trend resulted mainly from the successful optimisation of the authors’ revenue share costs, which decreased by 12% to £27.2 million compared to the previous year (£31.0 million). As revshare expenses contracted faster than top-line revenue, the Company successfully enhanced its operational efficiency, with net profit for 2025 rising significantly to £691,479, up from £216,370 in 2024.

This variance in revenue and revshare dynamics was further driven by a one-month shift in group settlements (with the highest impact at the turn of the year) and foreign exchange fluctuations. While intercompany revshare is invoiced in USD, Boombit UK revenues are split between USD and other currencies (mainly GBP). Consequently, the appreciation of the USD/GBP rate in 2025 reduced GBP-denominated revshare costs, while having a mixed, partially downward impact on revenues.

As of 31 December 2025, the Company’s total assets stood at £6.1 million. In the asset structure, the cash balance further decreased to £0.27 million (compared to £0.79 million at year-end 2024). At the same time, accrued income grew to £3.3 million (up from £3.0 million in 2024), while amounts owed by group companies contracted to £1.9 million (down from £3.0 million in the previous year). Additionally, the net value of intangible assets remained at £Nil as the historical software costs continue to be fully amortised. The Company’s total liabilities as at 31 December 2025 decreased significantly to £5.7 million, down from £6.9 million at the end of 2024. This positive reduction relates mainly to the net decrease in accruals, where the provision for revshare was successfully lowered to £4.8 million (compared to £6.6 million at year-end 2024).

 
Page 1

 
BOOMBIT GAMES LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025

The ongoing changes in the mobile game market, most notably the evolution of game consumption models, privacy policy regulations, and the increasing demands of gamers, indicate that 2026 will continue to be a challenging yet exciting period of dynamic transformation. Boombit Games Ltd. intends to grow consistently with the expanding game market and to take advantage of newly emerging opportunities and forward-looking initiatives. These efforts aim to further diversify and expand the business while fully leveraging the Company's existing market experience and capital group capabilities. 

Principal risks and uncertainties
 
The company’s activities expose it to a several of risks and uncertainties. Risk management is summarised below.

Foreign Exchange Risk

Boombit Games Ltd. is exposed to currency risk in the course of its business operations. The Company’s sales are directed to both the domestic market, with revenue transactions denominated in Pound Sterling, and international markets, generating revenues in US Dollars. On the expense side, the majority of the Company's operational costs—most notably revshare settlements—are settled in US Dollars. This structural exposure means that fluctuations in foreign exchange rates directly impact the Company's financial performance. Boombit Games Ltd. regularly monitors currency volatility and evaluates the potential need for hedging strategies. As of the date of this report, the Company does not utilize any derivative financial instruments to hedge against foreign exchange risk.

Credit Risk

Credit risk reflects the risk that business partners or debtors will fail to meet their contractual obligations as they fall due. In its commercial relations, the Company grants deferred payment terms to selected counter-parties, which may expose it to the risk of delayed collections or non-payment. To mitigate this, Boombit Games Ltd. regularly assesses the financial credibility of its key transaction partners. During the year ended 31 December 2025, credit risk remained well-controlled, and no significant write-offs for bad debts were required.

Financial key performance indicators
 
Key financial performance indicators include operating profit (EBIT), net profit, as well as profitability indicators such as gross margin on sales, EBIT margin, net profit margin, and return on assets (ROA).

In 2025, the Company's operating profit (EBIT) rose significantly to £921,271, representing a substantial increase compared to £289,033 recorded in 2024. As a result, the EBIT margin increased from 0.8% in 2024 to 3.0% in 2025. This performance was driven by the fact that cost of sales decreased more rapidly than sales revenue, leading to a 4.0% gross margin on sales in 2025, up from 1.7% in the previous year. Profit for the financial year in 2025 stood at £691,479 (up from £216,370 in 2024). Consequently, the net profit margin ratio improved to 2.2% (up from 0.6% in 2024), and the return on assets (ROA) ratio increased sharply to 11.4%, compared to 2.8% reported in 2024.


This report was approved by the board and signed on its behalf.



GAS Martins
Director

Date: 10 August 2026

Page 2

 
BOOMBIT GAMES LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Principal activity

The principal activity of the company is that of the publishing and sale of mobile applications and games.

Directors

The directors who served during the year were:

MM Olejarz (resigned 4 June 2025, reappointed 16 February 2026)
GAS Martins (appointed 4 June 2025)

Principal risks and uncertainties

Principal risks and uncertainties can be seen in the Strategic Report.

Disclosure of information to auditors


Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Page 3

 
BOOMBIT GAMES LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025

Auditors

The auditorsSumer Auditco Limitedwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





GAS Martins
Director

Date: 10 August 2026

Page 4

 
BOOMBIT GAMES LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BOOMBIT GAMES LIMITED
 

Opinion


We have audited the financial statements of BoomBit Games Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Page 5

 
BOOMBIT GAMES LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BOOMBIT GAMES LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' responsibilities statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 6

 
BOOMBIT GAMES LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BOOMBIT GAMES LIMITED (CONTINUED)


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
In order to identify and assess the risks of material misstatements, including fraud and non-compliance with laws and regulations that could be expected to have a material impact on the financial statements, we have considered:

• the results of our enquiries of management and those charged with governance of their assessment of    the risks of fraud and irregularities;
• the nature of the company, including its management structure and control systems (including the     opportunity for management to override such controls);
• management’s incentives and opportunities for fraudulent manipulation of the financial statements    including the company’s remuneration and bonus policies and performance targets; and 
• the industry and environment in which it operates.

We also considered UK tax and pension legislation and laws and regulations relating to employment and the preparation and presentation of the financial statements such as the Companies Act 2006.

Based on this understanding we identified the following matters as being of significance to the entity:

• laws and regulations considered to have a direct effect on the financial statements including UK financial   reporting standards, Company Law, tax and pension legislation, GDPR and distributable profits legislation;
• the timing of the recognition of commercial income;
• management bias in selecting accounting policies and determining estimates;
• inappropriate journal entries; and
• recoverability of debtors. 
We communicated the outcomes of these discussions and enquiries, as well as consideration as to where and how fraud may occur in the entity, to all engagement team members.

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised: 

•  enquiries of management and those charged with governance as to whether the entity complies with such 
laws and regulations and discussion with the same regarding any known or suspected instances of non-
compliance and fraud;
• enquiries with the same concerning any actual or potential litigation or claims;
• inspection of relevant legal correspondence;
• obtaining an understanding of the relevant controls during the period;
• obtaining an understanding of the policies and controls over the recognition of income and testing their    implementation during the year;
• challenging assumptions made by management in their specific accounting policies and estimates, in    particular in relation to detail major policies or estimates such as provision for royalties;
• identifying and testing journal entries, in particular any journal entries posted with unusual account    combinations or crediting revenue or cash;
• assessing the recovery of debtors in the period since the balance sheet date and challenging    
Page 7

 
BOOMBIT GAMES LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BOOMBIT GAMES LIMITED (CONTINUED)


 assumptions made by management regarding the recovery of balances which remain outstanding;
• reviewing the financial statements for compliance with the relevant disclosure requirements; 
• performing analytical procedures to identify any unusual or unexpected relationships or unexpected    movements in account balances which may be indicative of fraud;
• reviewing correspondence with HMRC; and
• evaluating the underlying business reasons for any unusual transactions.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity’s controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





James Hallett (ACA) (Senior statutory auditor)
  
for and on behalf of
Sumer Auditco Limited
 
Statutory Auditors
  
14th Floor
33 Cavendish Square
London
W1G 0PW

10 August 2026
Page 8

 
BOOMBIT GAMES LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025

2025
2024
Note
£
£

  

Turnover
 4 
30,943,193
34,350,129

Cost of sales
  
(29,719,049)
(33,753,187)

Gross profit
  
1,224,144
596,942

Administrative expenses
  
(302,873)
(307,909)

Operating profit
 5 
921,271
289,033

Interest receivable and similar income
 9 
234
-

Profit before tax
  
921,505
289,033

Tax on profit
 10 
(230,026)
(72,663)

Profit for the financial year
  
691,479
216,370

The notes on pages 12 to 21 form part of these financial statements.

Page 9

 
BOOMBIT GAMES LIMITED
REGISTERED NUMBER: 08943502

BALANCE SHEET
AS AT 31 DECEMBER 2025

2025
2024
Note
£
£

Fixed assets
  

Investments
 13 
2,000
2,000

  
2,000
2,000

Current assets
  

Debtors: amounts falling due within one year
 14 
5,796,131
6,925,774

Cash at bank and in hand
  
271,786
788,480

  
6,067,917
7,714,254

Creditors: amounts falling due within one year
 15 
(5,685,827)
(6,934,643)

Net current assets
  
 
 
382,090
 
 
779,611

Total assets less current liabilities
  
384,090
781,611

  

Net assets
  
384,090
781,611


Capital and reserves
  

Called up share capital 
 16 
3,000
3,000

Profit and loss account
 17 
381,090
778,611

  
384,090
781,611


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 August 2026.




GAS Martins
Director

The notes on pages 12 to 21 form part of these financial statements.

Page 10

 
BOOMBIT GAMES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2024
3,000
562,241
565,241



Profit for the year
-
216,370
216,370



At 1 January 2025
3,000
778,611
781,611



Profit for the year
-
691,479
691,479

Dividends: Equity capital
-
(1,089,000)
(1,089,000)


At 31 December 2025
3,000
381,090
384,090


The notes on pages 12 to 21 form part of these financial statements.

Page 11

 
BOOMBIT GAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

1.


General information

The company is a private limited company limited by shares, incorporated in England and Wales. The registered office address is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Boombit S.A as at 31 December 2025 and these financial statements may be obtained from Zacna 2, 80-283 Gdansk, Poland.

 
2.3

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of a state other than the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 401 of the Companies Act 2006. 

Page 12

 
BOOMBIT GAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.5

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:

Turnover comprises advertising revenue recognised in the period in which the advertisement appears within the game; and in-app purchases, recognised at the point of the transaction.

 
2.6

Interest income

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

 
2.7

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.


Page 13

 
BOOMBIT GAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

 
2.8

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.

All intangible assets are considered to have a finite useful life. Games are amortised over a maximum of 4 years. In the case of hypercasual games, the period is 2 years. For games acquired as licenses, it is the term of the license agreement. Support tools are depreciated over a period of 5 years.

 The estimated useful lives range as follows:

Computer software
-
2 to 5 years

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.10

Debtors

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

 
2.11

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. 

 
2.12

Creditors

Short-term creditors are measured at the transaction price. 

 
2.13

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Page 14

 
BOOMBIT GAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)


2.13
Financial instruments (continued)

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due within the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 15

 
BOOMBIT GAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated by the directors and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future. Actual results may differ from these estimates. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or the period of revision and future periods where the revision affects both current and future periods.

The directors consider there to be no significant areas of judgements of key sources of estimation uncertainty.


4.


Turnover

An analysis of turnover by class of business is as follows:


2025
2024
£
£

Advertising revenue
18,869,142
22,090,074

In app purchase revenue
11,325,908
11,982,380

Miscellaneous income
748,143
277,675

30,943,193
34,350,129


Analysis of turnover by country of destination:

2025
2024
£
£

United Kingdom
27,172,774
30,063,918

Rest of Europe
163,242
2,075

Rest of the world
3,607,177
4,284,136

30,943,193
34,350,129



5.


Operating profit

The operating profit is stated after charging:

2025
2024
£
£

Exchange differences
122,624
(24,731)

Page 16

 
BOOMBIT GAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

6.


Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors:


2025
2024
£
£

Fees payable to the Company's auditors for the audit of the Company's financial statements
17,500
19,375


7.


Employees

Staff costs, including directors' remuneration, were as follows:


2025
2024
£
£

Wages and salaries
51,803
81,598

Social security costs
5,070
8,162

Cost of defined contribution scheme
393
1,415

57,266
91,175


The average monthly number of employees, including the directors, during the year was as follows:


        2025
        2024
            No.
            No.







Development
-
2



Management and administration
1
1

1
3


8.


Directors' remuneration

2025
2024
£
£

Directors' emoluments
19,662
27,831

Company contributions to defined contribution pension schemes
230
716

19,892
28,547


Page 17

 
BOOMBIT GAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

9.


Interest receivable

2025
2024
£
£


Other interest receivable
234
-


10.


Taxation


2025
2024
£
£

Corporation tax


Current tax on profits for the year
230,026
72,663


Taxation on profit on ordinary activities
230,026
72,663

Factors affecting tax charge for the year

The tax assessed for the year is lower than (2024 - higher than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:

2025
2024
£
£


Profit on ordinary activities before tax
921,505
289,033


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)
230,376
72,258

Effects of:


Short-term timing difference leading to an increase (decrease) in taxation
(350)
405

Total tax charge for the year
230,026
72,663


Factors that may affect future tax charges

There were no factors that may affect future tax charges.



Page 18

 
BOOMBIT GAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

11.


Dividends

2025
2024
£
£


Dividends paid
1,089,000
-


12.


Intangible assets




Computer software

£



Cost


At 1 January 2025
445,860



At 31 December 2025

445,860



Amortisation


At 1 January 2025
445,860



At 31 December 2025

445,860



Net book value



At 31 December 2025
-



At 31 December 2024
-




13.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 January 2025
2,000



At 31 December 2025
2,000




Page 19

 
BOOMBIT GAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Boombit Inc.
8275 S. Eastern Ave. Suite 200, Las Vegas, NV 89123, USA
Ordinary
100%







14.


Debtors

2025
2024
£
£


Trade debtors
589,432
933,101

Amounts owed by group undertakings
1,868,176
3,001,258

Other debtors
-
39,892

Prepayments and accrued income
3,338,523
2,951,523

5,796,131
6,925,774



15.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
20,866
21,830

Amounts owed to group undertakings
228,848
476

Corporation tax
211,327
-

Other taxation and social security
14,718
6,639

Other creditors
-
1,403

Accruals and deferred income
5,210,068
6,904,295

5,685,827
6,934,643


Page 20

 
BOOMBIT GAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

16.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



3 (2024 - 3) Ordinary shares shares of £1,000.00 each
3,000
3,000

There is a single class of Ordinary shares. There are no restrictions on distribution of dividends and the repayment of capital. 



17.


Reserves

Profit and loss account

The profit and loss account is made up of distributable profits less dividends paid which have been accumulated by the Company since incorporation.


18.


Controlling party

BoomBit S.A. is considered to be the company's immediate and ultimate parent undertaking in both the current and prior years.

The results of the company are included within the consolidated accounts of BoomBit S.A, which are public and may be obtained from Zacna 2, 80-283 Gdansk, Poland, its registered office. 

 
Page 21