IRIS Accounts Production v26.2.0.496 09293252 director 29.11.24 28.11.25 28.11.25 false true false false false true false Ordinary Share Capital 1.00000 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09293252 2024-11-28 09293252 2025-11-28 09293252 2024-11-29 2025-11-28 09293252 2023-11-28 09293252 2023-11-29 2024-11-28 09293252 2024-11-28 09293252 ns15:EnglandWales 2024-11-29 2025-11-28 09293252 ns14:PoundSterling 2024-11-29 2025-11-28 09293252 ns10:Director1 2024-11-29 2025-11-28 09293252 ns10:PrivateLimitedCompanyLtd 2024-11-29 2025-11-28 09293252 ns10:SmallEntities 2024-11-29 2025-11-28 09293252 ns10:AuditExempt-NoAccountantsReport 2024-11-29 2025-11-28 09293252 ns10:SmallCompaniesRegimeForDirectorsReport 2024-11-29 2025-11-28 09293252 ns10:SmallCompaniesRegimeForAccounts 2024-11-29 2025-11-28 09293252 ns10:FullAccounts 2024-11-29 2025-11-28 09293252 1 2024-11-29 2025-11-28 09293252 ns10:OrdinaryShareClass1 2024-11-29 2025-11-28 09293252 ns10:OrdinaryShareClass1 11 2024-11-29 2025-11-28 09293252 ns5:CurrentFinancialInstruments 2025-11-28 09293252 ns5:CurrentFinancialInstruments 2024-11-28 09293252 ns5:ShareCapital 2025-11-28 09293252 ns5:ShareCapital 2024-11-28 09293252 ns5:SharePremium 2025-11-28 09293252 ns5:SharePremium 2024-11-28 09293252 ns5:RetainedEarningsAccumulatedLosses 2025-11-28 09293252 ns5:RetainedEarningsAccumulatedLosses 2024-11-28 09293252 ns10:RegisteredOffice 2024-11-29 2025-11-28 09293252 ns5:IntangibleAssetsOtherThanGoodwill 2024-11-29 2025-11-28 09293252 ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-11-28 09293252 ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-11-29 2025-11-28 09293252 ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-11-28 09293252 ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-11-28 09293252 ns5:FurnitureFittings 2024-11-28 09293252 ns5:FurnitureFittings 2024-11-29 2025-11-28 09293252 ns5:FurnitureFittings 2025-11-28 09293252 ns5:FurnitureFittings 2024-11-28 09293252 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-11-28 09293252 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-11-28 09293252 ns5:Non-currentFinancialInstruments 2025-11-28 09293252 ns5:Non-currentFinancialInstruments 2024-11-28 09293252 ns10:OrdinaryShareClass1 2025-11-28 09293252 ns10:Director1 1 2024-11-28 09293252 ns10:Director1 1 2023-11-28 09293252 ns10:Director1 1 2024-11-29 2025-11-28 09293252 ns10:Director1 1 2023-11-29 2024-11-28 09293252 ns10:Director1 1 2025-11-28 09293252 ns10:Director1 1 2024-11-28

REGISTERED NUMBER: 09293252 (England and Wales)

Unaudited Financial Statements for the Year Ended 28th November 2025

for

Myxa Limited

Myxa Limited (Registered number: 09293252)

Contents of the Financial Statements

for the Year Ended 28th November 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 2 |

Myxa Limited (Registered number: 09293252)

Balance Sheet

28th November 2025

| 28.11.25 | 28.11.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 848,988 |  | 790,493 |  |

Tangible assets | 5 | 146 |  | 292 |  |

849,134 |  | 790,785 |  |

CURRENT ASSETS

Debtors | 6 | 144,912 |  | 149,266 |  |

Cash at bank | 29,757 |  | 92,307 |  |

174,669 |  | 241,573 |  |

CREDITORS

Amounts falling due within one year | 7 | 67,193 |  | 66,997 |  |

NET CURRENT ASSETS | 107,476 |  | 174,576 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 956,610 |  | 965,361 |  |

PROVISIONS FOR LIABILITIES | 28 |  | 82 |  |

NET ASSETS | 956,582 |  | 965,279 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 5,696 |  | 5,646 |  |

Share premium | 1,519,930 |  | 1,472,480 |  |

Retained earnings | (569,044 | ) | (512,847 | ) |

SHAREHOLDERS' FUNDS | 956,582 |  | 965,279 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th August 2026 and were signed by:

E J Kennedy - Director

Myxa Limited (Registered number: 09293252)

Notes to the Financial Statements

for the Year Ended 28th November 2025

1. | COMPANY INFORMATION

| Myxa Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 09293252

| Registered office: | 2nd Floor

| The Lexicon

| Mount Street

| Manchester

| M2 5NT

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Intangible assets

| Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

| Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

| Amortisation 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:

| Software development 20% straight line

| The amortisation of software development intangibles will commence upon completion of development and product launch.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives on the following bases:

| Fixtures, fittings & equipment 25% straight line

| 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.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Myxa Limited (Registered number: 09293252)

Notes to the Financial Statements - continued

for the Year Ended 28th November 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Going concern

| The company has developed a fully operational app but intends to complete further development to add additional elements and rebuild existing features. The company intends to complete a further round of equity fundraising to finance this development. The company continues to generate losses during this development phase but this is not expected to pose a going concern problem in the foreseeable future. The company retains the full support of the director and the director has a reasonable expectation the company has sufficient resources to meet its liabilities as they fall due. Funds owed to the director constitute the majority of the company's outstanding liabilities. These financial statements are therefore prepared on a going concern basis.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

Myxa Limited (Registered number: 09293252)

Notes to the Financial Statements - continued

for the Year Ended 28th November 2025

4. | INTANGIBLE FIXED ASSETS

| Development

| costs

£ |

| COST

| At 29th November 2024 | 790,493 |  |

| Additions | 58,495 |  |

| At 28th November 2025 | 848,988 |  |

| NET BOOK VALUE

| At 28th November 2025 | 848,988 |  |

| At 28th November 2024 | 790,493 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| fittings

£ |

| COST

| At 29th November 2024

| and 28th November 2025 | 7,673 |  |

| DEPRECIATION

| At 29th November 2024 | 7,381 |  |

| Charge for year | 146 |  |

| At 28th November 2025 | 7,527 |  |

| NET BOOK VALUE

| At 28th November 2025 | 146 |  |

| At 28th November 2024 | 292 |  |

6. | DEBTORS

| 28.11.25 |  | 28.11.24

£ | £ |

| Amounts falling due within one year:

| Other debtors | 140,300 |  | 140,300 |  |

| VAT | 712 |  | 5,066 |  |

141,012 |  | 145,366 |  |

| Amounts falling due after more than one year:

| Called up share capital not paid | 3,900 |  | 3,900 |  |

| Aggregate amounts | 144,912 |  | 149,266 |  |

Myxa Limited (Registered number: 09293252)

Notes to the Financial Statements - continued

for the Year Ended 28th November 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28.11.25 |  | 28.11.24

£ | £ |

| Trade creditors | 31,009 |  | 18,935 |  |

| Directors' current accounts | 34,950 |  | 46,828 |  |

| Accrued expenses | 1,234 |  | 1,234 |  |

67,193 |  | 66,997 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted and issued:

| Number: | Class: | Nominal | 28.11.25 |  | 28.11.24

| value: | £ | £ |

| 5,446 | Share capital 1 | £1 | 5,696 |  | 5,646 |  |

| 50 Ordinary Share Capital shares of £1 each were allotted at a premium of 999 per share during the year.

9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 28th November 2025 and 28th November 2024:

| 28.11.25 |  | 28.11.24

£ | £ |

| E J Kennedy

| Balance outstanding at start of year | (46,828 | ) | (57,278 | ) |

| Amounts advanced | 11,878 |  | 13,050 |  |

| Amounts repaid | - |  | (2,600 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (34,950 | ) | (46,828 | ) |

10. | RELATED PARTY DISCLOSURES

| During the year the company operated a loan account with Myxa EBT Limited. At the balance sheet date Myxa EBT Limited owed the company £140,300 (2024: £140,000). This amount is included within other debtors and is unsecured, interest-free and repayable-on-demand.

11. | CONTROL

| The ultimate controlling party is director E Kennedy by virtue of his actual exercise of control over the company.