Hit Play Technologies UK, Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 15776540 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

HIT PLAY TECHNOLOGIES UK, LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K Rauch

E J Rauch

REGISTERED OFFICE:

10 John Street

London

WC1N 2EB

REGISTERED NUMBER:

15776540 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

CURRENT ASSETS

Debtors

4

153,877

10,082

Cash at bank

120,281

80,757

274,158

90,839

CREDITORS

Amounts falling due within one year

5

257,924

83,198

NET CURRENT ASSETS

16,234

7,641

TOTAL ASSETS LESS CURRENT
LIABILITIES

16,234

7,641

CAPITAL AND RESERVES

Called up share capital

6

1

Retained earnings

16,233

7,640

SHAREHOLDERS' FUNDS

16,234

7,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 25 August 2026 and were signed on its behalf by:

E J Rauch - Director

1.	STATUTORY INFORMATION

Hit Play Technologies UK, Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months and one day from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Revenue is recognised using the percentage of completion method, which is determined by management based on the actual work completed to date. Under this method, the proportion of total contract revenue that is complete is recorded as revenue. Contracts with customer's generally provide that billings are to be made periodically in accounts, which are commensurate with the extent of performance under the contracts. Contract receivables arise principally from the balance of amounts due on progress billings on jobs. Holdbacks on contract receivables are amounts due on progress billings, which are withheld until the customer has accepted the completed project. Costs are related to actual work completed up to year end, that has not been assessed as a completed milestone, is recorded as work-in-progress and measured at lower of cost and fair value. Revenue earned on maintenance contracts are recognised over the term of the contract.

Deferred revenue consists of amounts invoiced for equipment prior to installation being completed in accordance with the contract terms. Deferred revenue also arises when amounts are invoiced for maintenance services prior to the maintenance period obligation being completed under the terms of the contract.

Financial instruments

Basic financial instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any other financial instruments as covered by Section 12 of FRS102.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

136,215

10,081

Amounts owed by group undertakings

1

Other debtors

17,661

-

153,877

10,082

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

108,891

8,509

Amounts owed to group undertakings

128,272

64,210

Taxation and social security

2,097

8,029

Other creditors & accruals

18,664

2,450

257,924

83,198

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

1

Ordinary

£1

1

7.	ULTIMATE CONTROLLING PARTY

The directors believe there is no ultimate controlling party.

8.	ULTIMATE PARENT COMPANY

Hit Play Technologies International Holdings Inc. (incorporated in Canada) are both the immediate and ultimate parent company.