Sectorlight Marketing Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Sectorlight Marketing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13435326 . The registered office is Floor 1, 64-65 Cowcross Street, London, EC1M 6EG. The company is a wholly-owned subsidiary of Agency Accelerators Limited, a company incorporated in England & Wales.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

The Company has one subsidiary undertaking, SL MENA FZ-LLC, incorporated in the United Arab Emirates. In accordance with section 399 of the Companies Act 2006, the Company is not required to prepare consolidated financial statements, as the group headed by the Company qualifies as a small group and is not an ineligible group under section 384 of the Companies Act 2006. Accordingly, these financial statements present information about the Company as an individual undertaking and not about its group.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis. The company has net liabilities of £2,892,797 as at 31 December 2025 and made a loss after taxation of £375,884 during the year. The company is reliant upon the continued financial support of its parent company, Agency Accelerators Limited, and their shareholders to meet its liabilities as they fall due.

The company has an intercompany loan outstanding to Agency Accelerators Limited of £2,630,464 as at 31 December 2025, the repayment of which is dependent upon the continued support of the parent company. The company also has amounts outstanding to group undertakings of £108,074 as at 31 December 2025. In addition, the company acts as guarantor in respect of a third-party lending facility entered into by Agency Accelerators Limited, which was originally repayable by 31 December 2025 and has since been extended to 30 September 2028.

The directors have received confirmation from Agency Accelerators Limited that it will continue to provide financial support to the company for a period of not less than 12 months from the date of approval of these financial statements. This confirmation encompasses the continued deferral of the intercompany loan, the amounts outstanding to group undertakings, and the company's obligations as guarantor of the Agency Accelerators Limited lending facility. The directors have also considered the current and projected trading performance of the company and are satisfied that, with this support in place, the company will be able to meet its obligations as they fall due for the foreseeable future.

Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis. However, these conditions indicate the existence of a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern and, therefore, to continue realising its assets and discharging its liabilities in the normal course of business.

2.3. Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, net of discounts, rebates, value added taxes and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be reliably measured; and
the costs incurred and the costs to complete the contract can be measured reliably.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

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Sectorlight Marketing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

over three years on a straight-line basis.

2.6. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.7. Foreign Currencies

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Profit and Loss Account.

Foreign exchange gains and losses are presented in the Profit and Loss Account within 'Interest payable and similar expenses'.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the Profit and Loss Account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised directly in equity, in which case current and deferred tax are recognised directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the period was 11 (2024: 23)

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Sectorlight Marketing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2025	213,999

As at 31 December 2025	213,999

Amortisation
As at 1 January 2025	213,999

As at 31 December 2025	213,999

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	-

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2025	66,351
Additions	9,265

As at 31 December 2025	75,616

Depreciation
As at 1 January 2025	54,266
Provided during the period	10,109

As at 31 December 2025	64,375

Net Book Value
As at 31 December 2025	11,241

As at 1 January 2025	12,085

6. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2025	2,196

As at 31 December 2025	2,196

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	2,196

As at 1 January 2025	2,196

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Sectorlight Marketing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

The investment represents the cost of the company's wholly-owned subsidiary, SL MENA FZ-LLC, a company incorporated in United Arab Emirates.

The directors have considered the carrying value of the investment in light of the company's net liability position and the net liability position of the group. Having regard to the continued financial support of Agency Accelerators Limited and the projected future trading performance of SL MENA FZ-LLC, the directors are satisfied that the carrying value of £2,196 is supportable and that no impairment provision is required at 31 December 2025.

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	96,449	331,745
Prepayments and accrued income	116,481	216,595
Other debtors	28,796	30,103
VAT	25,208	68,995

	266,934	647,438

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	300,144	315,030
Other taxes and social security	19,795	44,449
Other creditors	2,767	7,257
Accruals and deferred income	123,698	264,130
Amounts owed to group undertakings	4,583	20,049
Amounts owed to subsidiaries	103,492	105,549
Amounts owed to parent undertaking	2,630,464	2,443,962

	3,184,943	3,200,426

Amounts owed to the parent undertaking are secured by a fixed and floating charge dated 31 January 2023 granted by the company in favour of Agency Accelerators Limited, covering the whole of the company's assets and undertaking, and including a negative pledge.

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Contingent Liabilities

The Company has guaranteed the obligations of its parent company, Agency Accelerators Limited (formerly Raconteur Ventures Limited), under an Investor Loan Agreement dated 13th December 2023, jointly and severally with Alan Agency Limited. The Company's maximum exposure under the guarantee at the balance sheet date was £3,210,000, being the facility limit, of which £2,650,000 was drawn.

The guarantee is secured by a fixed and floating charge dated 13 December 2023 (the "Composite Debenture") over the whole of the Company's assets and undertaking, granted in favour of Aconite Holdings Limited as Security Agent, holding the security on trust for the lenders under the Investor Loan Agreement. The Composite Debenture also charges the assets of Agency Accelerators Limited and Sectorlight Marketing Limited.

Details of the parties to the guarantee who are related parties of the Company are set out in Note 13 (Related Party Transactions).

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Sectorlight Marketing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	113,884	114,485
Later than one year and not later than five years	70,827	184,711

	184,711	299,196

12. Post Balance Sheet Events

Subsequent to the balance sheet date, the Investor Loan Agreement between Agency Accelerators Limited and its lenders, which the Company guarantees, was further extended, with the Termination Date moved to 30 September 2028.

13. Related Party Transactions

The company has taken advantage of the exemption available in Paragraph 1AC.35 of FRS 102 whereby it has not disclosed transactions with the ultimate parent company and other group undertakings.

At the balance sheet date:

Sectorlight Marketing Limited owed Agency Accelerators Limited £2,630,464 (2024: £2,443,962) in respect of an intercompany loan. This loan is interest-bearing and is secured by a fixed and floating charge over all of the assets and undertakings of the Company, granted on 31 January 2023. The loan is repayable on demand; and
Sectorlight Marketing Ltd owed Alan Agency Limited, a fellow subsidiary of Agency Accelerators Limited £4,583 (2024: £20,049).

The Company has provided a guarantee in respect of the Investor Loan Agreement dated 13 December 2023 entered into by its parent company, Agency Accelerators Limited, with Aconite Holdings Limited, Orchard Communications Limited, Raymond Peck and Mark Aldridge. Raymond Peck and Mark Aldridge are directors and shareholders of Agency Accelerators Limited. The facility was originally repayable by 31 December 2025, was extended to 31 January 2027, and has subsequently been extended to 30 September 2028. The guarantee is given jointly and severally with Alan Agency Limited. The directors do not consider it probable that the guarantee will be called upon, but the Company's maximum exposure under the guarantee is £3,210,000. Particulars of the security granted in respect of this guarantee are set out in Note 10 (Contingent Liabilities).

SL MENA FZ-LLC is a subsidiary undertaking of the company. At the balance sheet date, Sectorlight Marketing Limited owed SL MENA FZ-LLC £103,492 (2024: £105,549). The directors consider that all transactions with SL MENA FZ-LLC were conducted on an arm's length basis.

Richard Matthews is a director of the company and is also a director and shareholder of Palladian NXD Limited ("Palladian"). During the year ended 31 December 2025, Palladian provided non-executive director services to the company and invoiced £27,000 (2024: £43,500) in respect of these services. All transactions with Palladian were conducted on an arm's length basis. No amounts were outstanding between the company and Palladian at 31 December 2025 (2024: £nil)

14. Ultimate Controlling Party

The company's ultimate controlling party is Agency Accelerators Limited by virtue of its ownership of 100% of the issued share capital in the company.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		11,241		12,085
Investments	6		2,196		2,196

			13,437		14,281
CURRENT ASSETS
Debtors	7	266,934		647,438
Cash at bank and in hand		11,775		21,794

		278,709		669,232
Creditors: Amounts Falling Due Within One Year	8	(3,184,943 )		(3,200,426 )

NET CURRENT ASSETS (LIABILITIES)			(2,906,234 )		(2,531,194 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(2,892,797 )		(2,516,913 )

NET LIABILITIES			(2,892,797 )		(2,516,913 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(2,892,897 )		(2,517,013 )

SHAREHOLDERS' FUNDS			(2,892,797)		(2,516,913)