REGISTERED NUMBER: 07914010 (England and Wales)

SPORTS BETTING COMMUNITY LIMITED

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

6

Report of the Independent Auditors

8

Consolidated Income Statement

11

Consolidated Other Comprehensive Income

12

Consolidated Balance Sheet

13

Company Balance Sheet

14

Consolidated Statement of Changes in Equity

15

Company Statement of Changes in Equity

16

Consolidated Cash Flow Statement

17

Notes to the Consolidated Cash Flow Statement

18

Notes to the Consolidated Financial Statements

19

DIRECTORS:

D G Knight

R Sojmark

REGISTERED OFFICE:

2nd Floor

212 New Kings Road

London

SW6 4NZ

REGISTERED NUMBER:

07914010 (England and Wales)

AUDITORS:

Duncan & Toplis Audit Limited, Statutory Auditor

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

The directors present their strategic report of the company and the group for the year ended 31 December 2025.

Introduction

This report, prepared in accordance with the Companies Act 2006, offers stakeholders a comprehensive insight into our business's current position, achievements, and strategic direction for sustained growth.

Sports Betting Community Limited ('SBC') operates as the parent company for a Group based in the United Kingdom, Malta, USA, Canada and Brazil.

Business Overview

The Group operates in the media and events industry, organising large-scale exhibitions across key markets and publishing leading business news websites and magazines, catering specifically to the sports betting and iGaming sectors.

SBC Summit

Our flagship event, SBC Summit, draws major industry leaders and sets a benchmark in the sector. Held at the Feira Internacional de Lisboa and MEO Arena from 16-18 September 2025, SBC Summit 2025 delivered its largest and most international edition to date, welcoming a record 26,000+ delegates (44% growth year-on-year) across an exhibition footprint of 135,000 m² (2024: c.100,000 m²). The event attracted attendees from over 150 countries (2024: 134), with 700 exhibitors and sponsors (235 of them new), 550+ speakers, and nearly 6,000 C-level executives, including 600 who attended the dedicated SBC Leaders Summit. Operator attendance grew 31% and affiliate attendance 38%, supported by the new three-day Affiliate Leaders Summit and the debut Affiliate Leaders Awards. The week opened with the inaugural Legends Charity Game (see below) and closed with the 12th SBC Awards.

Legends Charity Game

On 15 September 2025, in partnership with the Sport Global Charitable Initiative, we hosted the inaugural Legends Charity Game, a football match held at the Estádio José Alvalade, home of Sporting Lisbon, bringing together former professional players and industry figures in support of charitable causes connected to the sports betting and iGaming community. The event raised £500k for Portuguese Red Cross, International Alert, Caritas Portugal, and The Ukrainian Red Cross Society (URCS), and forms part of the Group's wider commitment to corporate social responsibility and community engagement within the industry it serves.

SBC Summit Rio

Following the successful launch of SBC Summit Rio in March 2024, the event moved in 2025 to a larger venue, Riocentro, Latin America's largest convention centre, and was held 25-27 February 2025. This was the first major industry gathering since Brazil's regulated betting market came into force on 1 January 2025. The event welcomed c.7,500 attendees, representing 132% growth on the c.3,200 who attended the inaugural 2024 edition, with delegates from 90 countries, 17 attending for the first time.

SBC Summit Americas

During the year, the Group consolidated its two established regional events, SBC Summit Latinoamérica and SBC Summit North America, into a single combined event, SBC Summit Americas. This decision was taken to concentrate sponsorship and exhibitor spend into a single flagship Americas event and better reflect the growing commercial and regulatory alignment across the region. The consolidated event was held in Fort Lauderdale in May 2025. The directors view the consolidation as a key step in concentrating the Group's Americas proposition around its most significant growth market, Brazil, while maintaining coverage of its established North American and wider Latin American client base.

REVIEW OF BUSINESS

Financial Performance

During the year the Group delivered a strong operational performance, with continued growth across both the events and media divisions reflecting our commitment to excellence and sound business practices. Key financial highlights include:

Revenue: Our financial results for the year ended 31 December 2025 reflect the effectiveness of our strategic initiatives and disciplined growth approach, resulting in a 33.7% (2024: 59.6%) increase in revenue to £43.7m (2024: £32.6m). This performance underscores our commitment to expanding our market presence and delivering value to stakeholders.

Gross Profit: We improved our gross profit margin to 55.0% (2024: 50.2%) across the business, in line with budget and highlighting our approach to achieving profitable growth through efficient cost management.

Operating Expenses: Operating expenses remained in line with budgeted projections, driven by strategic investments in talent acquisition, technology advancements, and regional expansion efforts, aimed at strengthening our market position.

Profit Before Tax: Profit before tax for the year was £7.0m (2024: £3.3m). This increase was driven primarily by operating leverage from revenue growth outpacing the growth in the cost base. The business overall is performing and has exceeded its financial growth objectives for 2025.

Cash Flows: Net cash from operating activities decreased from £5.8m in 2024 to £0.4m in 2025. This this £5.5m movement, £4.1m relates to bonus payments made in connection with the Casinobeats disposal. The proceeds are presented within cash flows from investing activities. As a result, the two effects of the same transaction are reflected in different sections of the cash flow statement, which distorts the year-on-year comparison of underlying operating cash generation. Excluding this one-off item, net cash from operating activities would have been broadly £4.5m. The remaining £1.3m movement reflects working capital timing during the year.

Key Achievements

Throughout 2025, the Group reached key milestones that not only enhanced our market position but also aligned with our long-term vision of becoming the premier global platform for industry leaders. In January 2025, we sold the website and intellectual property relating to our Casinobeats brand for £4.5m. This was followed by the launch of our iGaming Expert website and the rebranding of our Casinobeats event in Malta as SBC Summit Malta. The sale had no adverse impact on the profitability of the event or on the Group's overall trading performance, as the value was carried forward through the rebrand and relaunch.

Event growth: We successfully grew our events business by 37.1% (2024: 65.8%) since last year. This success has solidified SBC as an industry leader in the sector and allows us to leverage this success to pilot new events in core and emerging markets.

Specialised services: As the largest B2B news publisher in the betting and gaming industry, we continue to build on growth from last year in our media business. Coupled with the provision of consulting services, SBC provides a well-rounded and complete package for clients in the industry.

Investment: The expansion of our events, design, media and marketing teams allows us to manage our events internally from idea to implementation and execution. All our teams are developing deep sector expertise and becoming recognised in the industry for their achievements.

Diverse pool of talent: Our global team's diverse expertise and cultural insights have been instrumental in creating unforgettable events, embodying SBC's core values of delivery excellence and unwavering commitment to client success.

Principal Risks and Uncertainties

The Group is subject to a number of risks and uncertainties, the most significant of which are:

Regulatory Risk: Potential changes in gambling legislation affecting the attractiveness of certain markets and participation levels at events;

Macroeconomic and foreign exchange risk: The impact of inflationary pressures, and foreign exchange movements on operating costs and customer budgets, with particular sensitivity to the Brazilian real (BRL);

Competitive risk: Competition from alternative industry events and digital content providers; and

Cyber security and data protection risk: the Group holds member, delegate, exhibitor and client data across multiple jurisdictions and is subject to UK GDPR and equivalent data protection regimes in the territories in which it operates; a breach could result in financial and reputational harm.

The Board actively monitors these risks and has implemented mitigation strategies, including ongoing regulatory engagement, diversification of revenue streams across geographies and business lines, continued investment in digital security, and prudent financial management.

Future Strategy

Looking beyond 2025, the Group's strategic focus for 2026 and 2027 is to strengthen its position as the leading event organiser and media business in the global gaming industry, targeting sustained year-on-year revenue and EBITDA growth. The Group anticipates sustained demand for high-quality industry events and remains committed to a client-centric approach alongside the pursuit of profitable growth.

Investment in talent will continue to ensure the highest standard of service delivery and operational capability. The Board remains confident in the Group's ability to generate sustainable, long-term value through disciplined expansion, innovative event programming, and a continued focus on operational excellence.

In April 2027, the Group intends to launch a new flagship European event, SBC Summit Europe, in Amsterdam.

Modern Slavery Act 2015

SBC is committed to preventing acts of modern slavery and human trafficking from occurring within its business and supply chain and imposes the same high standards on its suppliers.

Our supply chain principally comprises venues, stand builders, general contractors, caterers, printers, AV suppliers and reputable local temporary staff agencies engaged in the countries in which we host our events.

During the year, we implemented an Anti-Slavery Policy and a Whistleblowing Policy, which are reviewed at least annually, and we undertook a high-level review of our supplier base. We do not consider that we operate in many high-risk sectors or locations, as we purchase services directly from suppliers and can typically oversee their operations on site at our events. We have identified temporary workers in catering and security at our events as the highest priority risk area, and we aim to ensure such workers are paid at least the minimum wage and that our supply contracts contain robust anti-slavery provisions.

In the year ahead, we intend to map our supply chain in detail, introduce supplier risk assessments for critical and high-risk suppliers, and embed adherence to our Anti-Slavery Policy and Supplier Code of Conduct across our supply chain. All employees are required to complete annual anti-slavery training.

This statement is made in accordance with section 54(1) of the Modern Slavery Act 2015 and constitutes SBC's slavery and human trafficking statement for the year ended 31 December 2025. Our full statement is available on our website at www.sbcevents.com.

Events after the reporting date

Subsequent to the reporting date, Esports Insider Limited, a subsidiary undertaking of the Group, was dissolved on 31 March 2026. The dissolution does not have a material impact on the Group's continuing operations, assets, liabilities or results, and the Group continues to trade as normal. As the dissolution occurred after the reporting date, no adjustment has been made to the amounts recognised in these financial statements. The event has been treated as a non-adjusting post balance sheet event.

On 27 March 2026, the Company repurchased 30,000 ordinary shares of £0.0001 each, representing 3% of its issued share capital, for total consideration of £778,500. The shares were subsequently cancelled. As the buy-back occurred after the reporting date, no adjustment has been made to the amounts recognised in these financial statements. The event has been treated as a non-adjusting post balance sheet event.

ON BEHALF OF THE BOARD:

D G Knight - Director

11 August 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of the provision of business-to-business media and events services to the sports betting and iGaming sectors.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

D G Knight

R Sojmark

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Duncan & Toplis Audit Limited, Statutory Auditor, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

D G Knight - Director

11 August 2026

Opinion

We have audited the financial statements of Sports Betting Community Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2025 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page six, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements.

- Enquiring of management concerning actual and potential litigation and claims.

- Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.

- In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment forgery,collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Hassan Behcet (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

18 August 2026

REVENUE

3

43,678,667

32,648,628

Cost of sales

19,691,623

16,272,105

GROSS PROFIT

23,987,044

16,376,523

Administrative expenses

21,649,556

14,584,908

2,337,488

1,791,615

Other operating income

47,689

439,771

OPERATING PROFIT

5

2,385,177

2,231,386

Profit/loss on sale of intangible fixed assets

6

4,472,161

995,210

6,857,338

3,226,596

Interest receivable and similar income

156,887

77,526

7,014,225

3,304,122

Interest payable and similar expenses

7

8,370

817

PROFIT BEFORE TAXATION

7,005,855

3,303,305

Tax on profit

8

813,079

414,793

PROFIT FOR THE FINANCIAL YEAR

6,192,776

2,888,512

Profit attributable to:

Owners of the parent

6,212,758

2,854,794

Non-controlling interests

(19,982

)

33,718

6,192,776

2,888,512

PROFIT FOR THE YEAR

6,192,776

2,888,512

OTHER COMPREHENSIVE INCOME

Foreign exchange movement

436,276

(372,226

)

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

436,276

(372,226

)

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

6,629,052

2,516,286

Total comprehensive income attributable to:

Owners of the parent

6,649,034

2,482,568

Non-controlling interests

(19,982

)

33,718

6,629,052

2,516,286

FIXED ASSETS

Intangible assets

10

1,133,207

1,129,189

Property, plant and equipment

11

431,087

120,645

Investments

12

-

-

1,564,294

1,249,834

CURRENT ASSETS

Debtors

13

16,165,274

20,405,874

Cash at bank

11,799,405

7,546,270

27,964,679

27,952,144

CREDITORS

Amounts falling due within one year

14

21,366,398

27,709,651

NET CURRENT ASSETS

6,598,281

242,493

TOTAL ASSETS LESS CURRENT LIABILITIES

8,162,575

1,492,327

PROVISIONS FOR LIABILITIES

15

41,647

452

NET ASSETS

8,120,928

1,491,875

CAPITAL AND RESERVES

Called up share capital

16

100

100

Foreign currency translation reserve

17

19,433

(416,843

)

Retained earnings

17

8,196,851

1,984,092

SHAREHOLDERS' FUNDS

8,216,384

1,567,349

NON-CONTROLLING INTERESTS

18

(95,456

)

(75,474

)

TOTAL EQUITY

8,120,928

1,491,875

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2026 and were signed on its behalf by:

D G Knight - Director

FIXED ASSETS

Intangible assets

10

525,816

419,496

Property, plant and equipment

11

404,863

91,372

Investments

12

1,157,835

1,157,835

2,088,514

1,668,703

CURRENT ASSETS

Debtors

13

788,194

2,677,162

Cash at bank

7,250,329

345,217

8,038,523

3,022,379

CREDITORS

Amounts falling due within one year

14

10,718,299

5,298,570

NET CURRENT LIABILITIES

(2,679,776

)

(2,276,191

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(591,262

)

(607,488

)

PROVISIONS FOR LIABILITIES

15

42,321

5,281

NET LIABILITIES

(633,583

)

(612,769

)

CAPITAL AND RESERVES

Called up share capital

16

100

100

Retained earnings

17

(633,683

)

(612,869

)

SHAREHOLDERS' FUNDS

(633,583

)

(612,769

)

Company's loss for the financial year

(20,814

)

(910,995

)

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2026 and were signed on its behalf by:

D G Knight - Director

Foreign

Called up

currency

share

Retained

translation

capital

earnings

reserve

£

£

£

Balance at 1 January 2024

100

(870,702

)

(44,617

)

Changes in equity

Total comprehensive income

-

2,854,794

(372,226

)

Balance at 31 December 2024

100

1,984,092

(416,843

)

Changes in equity

Total comprehensive income

-

6,212,758

436,276

Balance at 31 December 2025

100

8,196,850

19,433

Non-controlling

Total

Total

interests

equity

£

£

£

Balance at 1 January 2024

(915,219

)

(109,192

)

(1,024,411

)

Changes in equity

Total comprehensive income

2,482,568

33,718

2,516,286

Balance at 31 December 2024

1,567,349

(75,474

)

1,491,875

Changes in equity

Total comprehensive income

6,649,034

(19,982

)

6,629,052

Balance at 31 December 2025

8,216,383

(95,456

)

8,120,927

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

100

298,126

298,226

Changes in equity

Total comprehensive income

-

(910,995

)

(910,995

)

Balance at 31 December 2024

100

(612,869

)

(612,769

)

Changes in equity

Total comprehensive income

-

(20,814

)

(20,814

)

Balance at 31 December 2025

100

(633,683

)

(633,583

)

Cash flows from operating activities

Cash generated from operations

1

968,810

5,917,660

Interest paid

(8,370

)

(817

)

Tax paid

(579,445

)

(165,508

)

Net cash from operating activities

380,995

5,751,335

Cash flows from investing activities

Purchase of intangible fixed assets

(276,448

)

(244,256

)

Purchase of tangible fixed assets

(452,953

)

(102,526

)

Purchase of fixed asset investments

-

(1,866

)

Sale of intangible fixed assets

4,472,161

60,186

Sale of tangible fixed assets

9,472

87

Interest received

156,887

77,526

Net cash from investing activities

3,909,119

(210,849

)

Cash flows from financing activities

Amount introduced by directors

495,001

4,144

Amount withdrawn by directors

(531,980

)

(19,622

)

Net cash from financing activities

(36,979

)

(15,478

)

Increase in cash and cash equivalents

4,253,135

5,525,008

Cash and cash equivalents at beginning of year

2

7,546,270

2,021,262

Cash and cash equivalents at end of year

2

11,799,405

7,546,270

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

7,005,855

3,303,305

Loss/(profit) on disposal of fixed assets

6,320

(488

)

Foreign Exchange movement

436,272

(372,158

)

Profit on sale of intangible fixed asset

(4,472,161

)

(995,077

)

Depreciation and amortisation charges

390,980

297,633

Finance costs

8,370

817

Finance income

(156,887

)

(77,526

)

3,218,749

2,156,506

Decrease/(increase) in trade and other debtors

4,263,731

(10,198,812

)

(Decrease)/increase in trade and other creditors

(6,513,670

)

13,959,966

Cash generated from operations

968,810

5,917,660

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

11,799,405

7,546,270

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

7,546,270

2,021,262

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank

7,546,270

4,253,135

11,799,405

7,546,270

4,253,135

11,799,405

Total

7,546,270

4,253,135

11,799,405