Hopscotch Consulting Limited
Annual Report and Financial Statements
For the year ended 31 December 2025
Pages for Filing with Registrar
Company Registration No. 07427579 (England and Wales)
Hopscotch Consulting Limited
Contents
Page
Directors' report
1
Balance sheet
2
Statement of changes in equity
3
Notes to the financial statements
4 - 11
Hopscotch Consulting Limited
Directors' Report
For the year ended 31 December 2025
Page 1

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

Principal activities

The principal activity of the company continued to be that of provision of strategic communications and public relations services.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

C W Kalbfleisch
M Waggener Zorkin
Auditor

Moore Kingston Smith LLP were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
C W Kalbfleisch
Director
18 August 2026
Hopscotch Consulting Limited
Balance Sheet
As at 31 December 2025
Page 2
2025
31 December 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
723
10,101
Current assets
Debtors
6
324,249
620,161
Cash at bank and in hand
638,270
415,725
962,519
1,035,886
Creditors: amounts falling due within one year
7
(486,494)
(482,826)
Net current assets
476,025
553,060
Net assets
476,748
563,161
Capital and reserves
Called up share capital
8
4
4
Share premium account
13,586
13,586
Profit and loss reserves
463,158
549,571
Total equity
476,748
563,161

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 18 August 2026 and are signed on its behalf by:
C W Kalbfleisch
Director
Company Registration No. 07427579
Hopscotch Consulting Limited
Statement of Changes in Equity
For the year ended 31 December 2025
Page 3
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 April 2024
4
13,586
487,916
501,506
Period ended 31 December 2024:
Profit and total comprehensive income
-
-
61,655
61,655
Balance at 31 December 2024
4
13,586
549,571
563,161
Year ended 31 December 2025:
Profit and total comprehensive income
-
-
154,807
154,807
Dividends
-
-
(241,220)
(241,220)
Balance at 31 December 2025
4
13,586
463,158
476,748
Hopscotch Consulting Limited
Notes to the Financial Statements
For the year ended 31 December 2025
Page 4
1
Accounting policies
Company information

Hopscotch Consulting Limited is a private company limited by shares incorporated in England and Wales. The registered office is Harling House, Suite 2, 2nd Floor, 47-51 Great Suffolk Street, London, England, SE1 0BS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a basis other than going concern as the directors intend to merge the company with a fellow group company, Waggener Edstrom Limited during the financial year ending 31 December 2026, following which the Company is expected to cease trading as a standalone entity. The Company’s assets and liabilities will transfer to the merged entity at their existing carrying values and no material adjustments have been identified as necessary as a result of the adoption of the non-going-concern basis of preparation.true

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% straight line on cost
Computer equipment
33% straight line on cost
Hopscotch Consulting Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
Page 5

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Hopscotch Consulting Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
Page 6
Classification of 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 deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Employee benefits

Payments to defined contribution plans are charged as an expense as they fall due.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Share-based payments

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Hopscotch Consulting Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
(Continued)
Page 7
Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Revenue recognition

The main factor considered in determining the percentage of completion, is the time incurred as a proportion of the total expected time spent on a project.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
31 December 2024
Number
Number
Total
14
15
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2025 and 31 December 2025
20,000
Amortisation and impairment
At 1 January 2025 and 31 December 2025
20,000
Carrying amount
At 31 December 2025
-
0
At 31 December 2024
-
0
Hopscotch Consulting Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
Page 8
5
Tangible fixed assets
Plant and machinery
Computer equipment
Total
£
£
£
Cost
At 1 January 2025
18,539
46,732
65,271
Disposals
(18,539)
(15,522)
(34,061)
At 31 December 2025
-
0
31,210
31,210
Depreciation and impairment
At 1 January 2025
12,137
43,033
55,170
Depreciation charged in the year
282
2,976
3,258
Eliminated in respect of disposals
(12,419)
(15,522)
(27,941)
At 31 December 2025
-
0
30,487
30,487
Carrying amount
At 31 December 2025
-
0
723
723
At 31 December 2024
6,402
3,699
10,101
6
Debtors
2025
31 December 2024
Amounts falling due within one year:
£
£
Trade debtors
192,481
363,994
Amounts owed by group undertakings
9,111
4,000
Other debtors
94,930
100,594
Prepayments and accrued income
26,438
150,284
322,960
618,872
Hopscotch Consulting Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
6
Debtors
(Continued)
Page 9
2025
31 December 2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
1,289
1,289
Total debtors
324,249
620,161
7
Creditors: amounts falling due within one year
2025
31 December 2024
£
£
Trade creditors
2,672
30,838
Amounts owed to group undertakings
1,669
53,702
Taxation and social security
38,479
63,221
Other creditors
443,674
335,065
486,494
482,826
8
Called up share capital
2025
31 December 2024
2025
31 December 2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of 0.01p each
21,700
21,700
2
2
Growth B Shares of 0.01p each
670
670
-
0
-
0
Growth C Shares of 0.01p each
23,084
23,084
2
2
45,454
45,454
4
4

The Ordinary shares have full voting rights and dividend rights.

Growth B & C Shares have attached to them no voting rights or dividend rights. On a distribution of assets on a liquidation or a return of capital, the surplus assets of the company shall be paid to the holders of ordinary shares, growth B and growth C shares save that the holders of Growth B shall have no entitlement prior to the holders of ordinary shares as a class having received an equal amount to the hurdle amount of that Growth B share and the holders of growth C shares shall have no entitlement prior to the holders of ordinary shares and growth B shares as a class (as if constituted one class) having received an amount equal to the hurdle amount of that growth C share. They do not confer any rights of redemption.

Hopscotch Consulting Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
Page 10
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

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.

Emphasis of matter - Basis of preparation

We draw attention to Note 1.2 to the financial statements, which explains that the financial statements have been prepared on a basis other than going concern, as the directors intend to merge the c ompany with fellow group company, Waggener Edstrom Limited during the financial year ending 31 December 2026, after which the c ompany is expected to cease trading as a standalone entity. The note also explains that the c ompany’s assets and liabilities will transfer to the merged entity at their existing carrying values and that no material adjustments have been identified as necessary as a result of adopting the non-going-concern basis of preparation. Our opinion is not modified in respect of this matter.

Senior Statutory Auditor:
Robert Kersse
Statutory Auditor:
Moore Kingston Smith LLP
Date of audit report:
18 August 2026
10
Related party transactions

The following amounts were outstanding at the reporting end date:

At the year end, the company owed £9,111 (2024: £39,209) to Waggener Edstrom Worldwide Limited, a company incorporated in the United Kingdom and a subsidiary of Waggener Edstrom Worldwide Inc, the parent company. This balance is included within creditors falling due within one year.

At the year end, the company owed £169 (2024: £10,493) to Waggener Edstrom Worldwide, Inc, a company incorporated in the USA, the ultimate parent. This balance is included within creditors falling due within one year.

At the year end, the company owed £1,500 (2024: nil.) to Waggener Edstrom Worldwide (Proprietary) Limited, a company incorporated in South Africa, and a subsidiary of Waggener Edstrom Worldwide, Inc. This balance is included within creditors falling due within one year.

Hopscotch Consulting Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
Page 11
11
Parent company

The company is a subsidiary undertaking of Waggener Edstrom Worldwide, Inc. a company incorporated in the United States of America.

The address of Waggener Edstrom Worldwide, Inc. is as follows;

Civica North Tower

225 108th Avenue NE, Suite 600

Bellevue

WA 98004-5737

United States of America

Waggener Edstrom Worldwide, Inc. is the head of the largest and smallest group within which the results of the company are consolidated. The results of Waggener Edstrom Worldwide, Inc. are not available to the public.

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