REGISTERED NUMBER: 09293252 (England and Wales)

Unaudited Financial Statements for the Year Ended 28th November 2025

for

Myxa Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

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

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.

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 ) .

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

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.