Fathom London Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

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Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 08234767

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		96,452		118,129

			96,452		118,129
CURRENT ASSETS
Debtors	5	1,214,259		42,674
Cash at bank and in hand		1,429		17,152

		1,215,688		59,826
Creditors: Amounts Falling Due Within One Year	6	(2,363,888 )		(1,246,383 )

NET CURRENT ASSETS (LIABILITIES)			(1,148,200 )		(1,186,557 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,051,748 )		(1,068,428 )

Creditors: Amounts Falling Due After More Than One Year	7		-		(63,057 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,468 )		(2,612 )

NET LIABILITIES			(1,053,216 )		(1,134,097 )

CAPITAL AND RESERVES
Called up share capital	9		3,000		3,000
Profit and Loss Account			(1,056,216 )		(1,137,097 )

SHAREHOLDERS' FUNDS			(1,053,216)		(1,134,097)

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Fathom London Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 21 July 2026 and were signed on its behalf by:

Dr S A Jackson Director	Mr G P Venter Director
21/07/2026

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

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Fathom London Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Fathom London Limited is a private company, limited by shares, incorporated in England & Wales.

The address of its registered office is:

9a Burroughs Gardens, London, NW4 4AU.

The principal place of business is:

Office 7, 35-37 Ludgate Hill, London, EC4M 7JN

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

2.2. Going Concern Disclosure

The accounts have been prepared on a going concern basis on the understanding that the company's directors and creditors will continue to support the company for the foreseeable future.

2.3. Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

It is probable that future economic benefits will flow to the entity; and

Specific criteria have been met for each of the company's activities.

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Fathom London Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.4. Tangible Fixed Assets and Depreciation

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Motor Vehicles	15% reducing balance
Fixtures & Fittings	15% reducing balance
Office Equipment	3 years

2.5. Leasing and Hire Purchase Contracts

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

2.6. Taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

2.7. Cash and Cash Equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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Fathom London Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.8. Trade Debtors and Trade Creditors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

2.9.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 5)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Office Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	141,670	21,484	259,071	422,225

As at 31 December 2025	141,670	21,484	259,071	422,225

Depreciation
As at 1 January 2025	37,286	14,615	252,195	304,096
Provided during the period	15,658	1,030	4,989	21,677

As at 31 December 2025	52,944	15,645	257,184	325,773

...CONTINUED

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Fathom London Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	88,726	5,839	1,887	96,452

As at 1 January 2025	104,384	6,869	6,876	118,129

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	28,320	42,674
Amounts owed by participating interests	169,713	-
Other debtors	1,016,226	-

	1,214,259	42,674

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	61,336	28,282
Trade creditors	249,404	86,853
Bank loans and overdrafts	5,000	10,000
Other loans	23,613	178,803
Amounts owed to participating interests	1,538,827	574,122
Other creditors	57,768	46,653
Taxation and social security	427,940	321,670

	2,363,888	1,246,383

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	58,078
Bank loans	-	4,979

	-	63,057

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Fathom London Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	61,336	28,282
Later than one year and not later than five years	-	58,078

	61,336	86,360

	61,336	86,360

9. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
3,000,000 Ordinary Shares of £ 0.001 each	3,000	3,000

10. Related Party Transactions

Fathom NY LLC

At the balance sheet date, the company owed £1,538,827 (2024: £574,122) to Fathom New York LLC.

Fathom This Limited

At the balance sheet date, Fathom This Limited owed £169,713 (2024: Nil) to the company.

The Benthic Brewery

At the balance sheet date, The Benthic Brewery owed £1,989 (2024: Nil) to the company.

11. Other Borrowings

The Bounce Back Loan is denominated in pounds sterling and carries a nominal interest rate of 2.5%. The carrying amount at the year end was £5,000 (2024: £14,979).

The Funding Circle Loan is denominated in pounds sterling and carries a nominal interest rate of 8.6%. The carrying amount at the year end was £23,613 (2024: £178,803).

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Directors	Dr S A Jackson
	Mr G P Venter

Company Number	08234767

Registered Office	9a Burroughs Gardens
	London
	NW4 4AU

Business	Office 7
	35-37 Ludgate Hill
	London
	EC43 7JN

Accountants	Ripe LLP
	Chartered Accountants
	9a Burroughs Gardens
	London
	NW4 4AU