ACCOUNTS - Final Accounts preparation

An analysis of turnover by class of business is as follows:

Registered number: 14144354

WEMATCH.LIVE FS LTD

AUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

WEMATCH.LIVE FS LTD

COMPANY INFORMATION

Directors	David Raccat
	Guillaume Tellez-Le Roux
	Mark Davis Tubby


Registered number	14144354


Registered office	25 North Row
	London
	Greater London
	W1K 6DJ


Independent auditors	Wellers
	Statutory Auditors
	The Coade
	3rd Floor
	98 Vauxhall Walk
	London
	SE11 5EL

WEMATCH.LIVE FS LTD

CONTENTS

	Page
Directors' Report	1 - 2
Independent Auditors' Report	3 - 6
Statement of Income and Retained Earnings	7
Balance Sheet	8 - 9
Notes to the Financial Statements	10 - 24

WEMATCH.LIVE FS LTD

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

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

Directors' responsibilities statement

The directors are responsible for preparing the Directors' Report 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

∙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 transactions and disclose with reasonable accuracy at any time the financial position of the Company and to 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Directors

The directors who served during the year were:

David Raccat

Guillaume Tellez-Le Roux

Mark Davis Tubby

Page 1

WEMATCH.LIVE FS LTD

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Auditors

The auditors, Wellers, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

................................................ David Raccat Director	................................................ Guillaume Tellez-Le Roux Director

Date: 24 April 2026	Date: 24 April 2026

Page 2

WEMATCH.LIVE FS LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WEMATCH.LIVE FS LTD

Opinion

We have audited the financial statements of WeMatch.Live FS Ltd (the 'Company') for the year ended 31 December 2025, which comprise the Statement of Income and Retained Earnings, the Balance Sheet and the related notes, 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 Company's affairs as at 31 December 2025 and of its 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 Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 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.

Page 3

WEMATCH.LIVE FS LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WEMATCH.LIVE FS LTD (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.

Opinion 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Directors' Report has 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 Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.

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

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

∙the 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; or

∙the directors were not entitled to take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page 1, 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 is 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 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 Company or to cease operations, or have no realistic alternative but to do so.

Page 4

WEMATCH.LIVE FS LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WEMATCH.LIVE FS LTD (CONTINUED)

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 an Auditors' Report 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the key laws and regulations that are applicable to the company. We determined that the most significant laws and regulations in the context of the financial statements included but were not limited to the Companies Act 2006, United Kingdom Generally Accepted Accounting Practice and relevant tax legislation.

We also assessed which areas of the financial statements are more susceptible to misstatement. We
considered the opportunities and incentives that may exist within the organisation for fraud, and identified the
greatest potential for fraud in revenue recognition, particularly in respect of any manual adjustments made to
revenue outside of the day to day recording of transaction and also the potential for off balance sheet items to
be considered on balance sheet. We are also mandated to perform specific procedures under ISAs (UK) to
respond to the risk of management override.

The primary responsibility for the prevention and detection of fraud and irregularities rests with those charged
with governance of the company and management. We are not responsible for preventing irregularities. Our
approach to identifying and assessing the risks of material misstatement in respect of irregularities, including
fraud and non-compliance with laws and regulations, was as follows:

• The engagement partner ensured that the engagement team collectively had the appropriate
competence, capabilities and skills to identify or recognise non-compliance with applicable laws and
regulations;
• We identified the laws and regulations applicable to the company through discussion with directors and
other management, and from our commercial knowledge and experience;
• Identified laws and regulations were communicated within the audit team regularly and the team
remained alert to instances of non-compliance throughout the audit;
• We assessed the susceptibility of the company’s financial statements to material misstatement,
including obtaining an understanding of how fraud might occur, by:
• Making enquiries of management regarding any instances of known or suspected fraud or non-
  compliance with laws and regulations, as well as any actual or potential litigation and claims;
• Gaining an understanding of the design and implementation of the processes and controls in
  place within the company which are designed to prevent, detect or correct fraud or error within the
  financial statements.

Page 5

WEMATCH.LIVE FS LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WEMATCH.LIVE FS LTD (CONTINUED)

To address the risk of fraud through management bias and override of controls, we:

• Reviewed correspondence with legal and regulatory bodies where applicable;
• Performed analytical procedures to identify any unusual or unexpected relationships;
• Reviewed the detail of certain nominal accounts for indications of management override;
• Challenged the accounting treatment applied in respect of revenue recognised during the year, in
particular in relation to manual adjustments made to revenue;
• Identified and tested journal entries which we considered to be unusual and may be indicative of bias on
the part of management or those charged with governance, investigating the rationale behind significant
or unusual transactions;
• Reviewed the minutes of meetings of management and those charged with governance;

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, but were not limited to:

• We agreed the financial statements disclosures to underlying supporting documentation.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
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 Auditors' Report.

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 an Auditors' Report 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.

Mr Matthew Wyatt (Senior Statutory Auditor)

for and on behalf of

Wellers

Statutory Auditors

The Coade

3rd Floor

98 Vauxhall Walk

London

SE11 5EL

24 April 2026

Page 6

WEMATCH.LIVE FS LTD

STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE YEAR ENDED 31 DECEMBER 2025

	2025	2024
	£	£


Turnover	4	3,100,006	872,786
Cost of sales		(736,407)	-
Gross profit		2,363,599	872,786
Administrative expenses		(2,234,634)	(826,074)
Operating profit		128,965	46,712
Interest receivable and similar income	9	12,756	290
Interest payable and similar expenses	10	(211)	-
Profit before tax		141,510	47,002
Tax on profit	11	(74,268)	(25,718)
Profit after tax		67,242	21,284



Retained earnings at the beginning of the year	21,284	-
	21,284	-
Profit for the year	67,242	21,284
Retained earnings at the end of the year	88,526	21,284

The notes on pages 10 to 24 form part of these financial statements.

Page 7

WEMATCH.LIVE FS LTD

REGISTERED NUMBER: 14144354

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	12		209,954		253,797
Tangible assets	13		546		842
			210,500		254,639
Current assets
Debtors: amounts falling due within one year	14	1,182,283		18,703
Cash at bank and in hand	15	959,134		100,542
		2,141,417		119,245
Creditors: amounts falling due within one year	16	(1,943,291)		(352,500)
Net current assets/(liabilities)			198,126		(233,255)
Total assets less current liabilities			408,626		21,384

Net assets			408,626		21,384

Capital and reserves
Called up share capital	17	200	100
Share premium account		319,900	-
Profit and loss account		88,526	21,284
		408,626	21,384

Page 8

WEMATCH.LIVE FS LTD

REGISTERED NUMBER: 14144354

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................ David Raccat	................................................ Guillaume Tellez-Le Roux
Director	Director

Date: 24 April 2026	Date:24 April 2026

The notes on pages 10 to 24 form part of these financial statements.

Page 9

WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

WeMatch.Live FS Ltd is a private limited company incorporated in England and Wales.

The company's registered number is 14144354.

The company's principal address is 25 North Row, London, United Kingdom, W1K 6DJ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d).

This information is included in the consolidated financial statements of Wematch.Securitiesfinancing Ltd as at 31/12/2025 and these financial statements may be obtained from 25 North Row, London, Greater London, United Kingdom, W1K 6DJ.

Page 10

WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.3

Foreign currency translation

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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.4

Revenue

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 as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax 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 measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 11

WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.8

Pensions

Defined contribution pension plan

The Company contributes into a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 12

WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.9

Share-based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.

The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).

Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.

Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.11

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Development expenditure

years

Page 13

WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 14

WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.16

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 15

WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the
circumstances.

Financial intermediation	2,839,980	-
Interco	260,026	872,786
	3,100,006	872,786

	Exchange differences	(6,955)	1,225
	Share-based payment	137,118	57,036

Fees payable to the Company's auditors and their associates for the audit of the Company's financial statements

6,000

5,500

Page 16

WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Wages and salaries	1,284,219	521,863
Social security costs	184,367	69,283
Cost of defined contribution scheme	31,848	13,495
	1,500,434	604,641

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Employees	3	3

8.	Directors' remuneration
		2025	2024
		£	£

Directors' emoluments	859,235	521,863
Company contributions to defined contribution pension schemes	21,241	13,495
	880,476	535,358

9.	Interest receivable
		2025	2024
		£	£

	Other interest receivable	12,756	290
		12,756	290

Page 17

WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

10.	Interest payable and similar expenses
		2025	2024
		£	£

	Bank interest payable	211	-
		211	-

Corporation tax
Current tax on profits for the year	74,268	25,718
	74,268	25,718

Total current tax	74,268	25,718

	Deferred tax
	Total deferred tax	-	-


	Profit after tax	74,268	25,718

Page 18

WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

11.Taxation (continued)

Profit on ordinary activities before tax

141,510

47,002

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	35,378	11,751
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	4,536	2,000
Capital allowances for year in excess of depreciation	74	(210)
Tax deduction arising from exercise of employee options	34,280	14,259
Marginal relief	-	(2,082)
Total tax charge for the year	74,268	25,718

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 19

WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

12.	Intangible assets

		Development expenditure
		£
	Cost
	At 1 January 2025	258,307
	At 31 December 2025	258,307
	Amortisation
	At 1 January 2025	4,510
	Charge for the year on owned assets	43,843
	At 31 December 2025	48,353
	Net book value
	At 31 December 2025	209,954
	At 31 December 2024	253,797

Page 20

WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

13.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 January 2025	889
	At 31 December 2025	889
	Depreciation
	At 1 January 2025	47
	Charge for the year on owned assets	296
	At 31 December 2025	343
	Net book value
	At 31 December 2025	546
	At 31 December 2024	842

14.

Debtors

					2025	2024
					£	£


Trade debtors	635,252	-
Other debtors	-	5,326
Prepayments and accrued income	547,031	13,377
	1,182,283	18,703

15.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	959,134	100,542
	959,134	100,542

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WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

16.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	24,352	-
Amounts owed to group undertakings	1,544,496	282,053
Corporation tax	74,268	25,718
Other taxation and social security	36,989	36,209
Other creditors	2,280	3,720
Accruals and deferred income	260,906	4,800
	1,943,291	352,500

17.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

200 (2024 - 100) Ordinary shares of £1.00 each	200	100

During the period, the company issued Ordinary shares with an aggregate nominal value of £100.

The company received total consideration of £320,000 in respect of these shares issues.

18.

Reserves

Share premium account

Consideration received for shares issued above their nominal value net of transaction costs.

Profit and loss account

Cumulative profit and loss net of distributions to owners.

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WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

19.	Share-based payments
	WeMatch.Live FS Ltd's employees have options in an equity-settled share based remuneration scheme for options granted by the ultimate parent company. Within the WeMatch.Live FS Ltd accounts this creates an expense to the P&L and a corresponding creditor in the balance sheet, This results in a debtor sitting in the parent company accounts. Equity settled share options have been granted. The vesting periods on these options range from one year cliff period vesting, quarterly vesting over periods of up to six years. If options remain unexercised after a period of 10 years from the date of the grant, the options expire. Furthermore, some options are forfeited if the employee leaves the Company before they become entitled to exercise the share options. The employees have granted options over Ordinary shares of $1 in the ultimate controlling party as detailed in the table below (albeit the ultimate number subject to exercise will be dependent on the attainment of pre-determined performance criteria). The weighted average fair value of options granted in the period was determined using the Black-Scholes option pricing model. The Black-Scholes option model is considered to apply the most appropriate valuation method due to the relatively short contractual lives of the options and the requirement to exercise within a short period after the employee becomes entitled to the shares (the "vesting date"). The expected life used in the model has been adjusted, based on the management's best estimate, for the effect of non-transferability, exercise restrictions and behavioural considerations. Non-vesting conditions and market conditions are taken into account when estimating the fair value of the option at grant date. Service conditions and non-market performance conditions are taken into account by adjusting the number of options expected to vest at each reporting date. During the year an expense of £137,118 (2024 - £57,036) was recognised in respect of share based payments.
		Weighted average exercise price (pence) 2025	Number 2025	Weighted average exercise price (pence) 2024	Number 2024

Outstanding at the beginning of the year	1396	34,500	1338	30,000
Granted during the year	0	15,000	1784	4,500
Outstanding at the end of the year	973	49,500	1396	34,500

Page 23

WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

20.	Pension commitments

The company contributes to a private money purchase scheme on behalf of its employees. The assets of the scheme are held seperately from those of the company in an independently administred fund. The pension costs charge represents contributions payable by the company to the fund and amounted to £31,848 (2024: £13,495). Contributions totalling £2,280 (2024: £3,720) were payable to the fund at the balance sheet date and are included in creditors.

21.	Related party transactions
	In accordance with FRS 102 section 33.1A, the Company has not disclosed transactions entered into with wholly owned company group companies

22.	Controlling party

The immediate parent undertaking of the Company is Wematch.Securitiesfinancing Ltd.

The ultimate controlling party is Wematch.Live R&D Ltd, an entity incorporated in Israel.

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