REGISTERED NUMBER: 12139967 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

MOORE GLOBAL NETWORK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Armanino

M C H Aw

A G Badey

C Reid

D J Tomasi

A Armanino

V Muir

B Zacari

R Magana

P Verschelden

SECRETARY:

Cornhill Secretaries Limited

REGISTERED OFFICE:

5 Market Yard Mews

194-204 Bermondsey Street

London

SE1 3TQ

REGISTERED NUMBER:

12139967 (England and Wales)

ACCOUNTANTS:

AKS Advisers

14-15 Lower Grosvenor Place

London

SW1W 0EX

FIXED ASSETS

Intangible assets

4

160,269

316,706

Investments

5

210

136

160,479

316,842

CURRENT ASSETS

Debtors

6

4,540,404

877,599

Cash at bank

7

2,633,540

2,365,626

7,173,944

3,243,225

CREDITORS

Amounts falling due within one year

8

5,201,012

1,916,302

NET CURRENT ASSETS

1,972,932

1,326,923

TOTAL ASSETS LESS CURRENT LIABILITIES

2,133,411

1,643,765

CREDITORS

Amounts falling due after more than one year

9

136,044

136,044

NET ASSETS

1,997,367

1,507,721

RESERVES

Income and expenditure account

1,997,367

1,507,721

1,997,367

1,507,721

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 surplus or deficit 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 1 October 2026 and were signed on its behalf by:

V Muir - Director

A Armanino - Director

1.	STATUTORY INFORMATION

Moore Global Network Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

These financial statements are presented in Pounds Sterling (GBP), as that is the currency in which the majority of the Company's transactions are denominated. They comprise the financial statements of the Company for the year from 01 January 2025 to 31 December 2025.

The Company has determined that GBP is its functional currency, as this is the currency of the economic environment in which the Company predominantly operates.

The principal activity of the Company is co-ordinating and helping the professional practices of member firms worldwide using the name "Moore" in providing audit, advisory, managerial and consultancy services to companies, individuals and firms.

1.1 Going Concern

The company has reported a pre tax surplus for the year of £498,671 (2024: £343,195) and has net reserves amounting to £1,997,367 (2024: £1,507,721). In addition, the company also has reasonable cash balances at the balance sheet date.

At the time of approving the financial statements, the directors are confident in the resilience of the business and its financial security, supported by a robust cash position, and believe that the company is well placed to manage its business risks successfully and has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.	ACCOUNTING POLICIES

2.1 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.

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 2.1.2).

The following principal accounting policies have been applied:

2.1.1 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.

2.1.2 Critical accounting judgements & key source of estimation uncertainty

In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities.

Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Due to the simplicity of the Company's transaction streams and year-end financial position, the directors consider there to be no critical judgements, estimates or assumptions in the preparation of these financial statements.

2.2 Turnover

Turnover represents subscription and other fees receivable from the network and its member firms, net of value-added tax, rebates and discounts.

2.3 Valuation of investments

Investments in subsidiaries are stated at cost..

Intangible fixed assets

The company owns private property rights on two seats at a performance venue in London, which was originally granted with a 999 year lease. The box was purchased in 1985.

The directors have recognised the asset at an original cost of £4,000. The cost of the asset is amortised over the period of the private property rights.

In 2022, the company capitalised an internally generated software platform which is used by the company and its members.

Initial recognition - Costs associated with internally generated intangible fixed assets are capitalised where it is probable that expected future economic benefits that are attributable to the asset will flow to the entity and the cost of the asset can be measured reliably, in accordance with FRS 102 Section 18 paragraph 18.4.

Subsequent recognition - As there is no active market for the asset it is not permitted to carry it at fair value (FRS 102 18.18B) thus the asset is carried at cost less amortisation and impairment.

Amortisation - The software platform is amortised over its useful economic life, in accordance with FRS 102 18.23a its residual value has been assumed to be zero.

The directors reassess the asset's useful economic life annually, and where necessary amend the amortisation charge by spreading the net book value as at the time of the reassessment evenly over the remaining useful economic life.

The current economic life is deemed to be 5 years.

2.4 Financial instruments

Financial instruments are recognised in the Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument. Financial instruments are initially measured at transaction price unless the arrangement constitutes a financing transaction which includes transaction costs for financial instruments not subsequently measured at fair value.

Subsequent to initial recognition, they are measured as set out below. A financing transaction is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Classification

Financial instruments are classified as either ‘basic’ or ‘other’ in accordance with Section 11 of FRS 102.

Subsequent measurement

Loans and receivables are measured at amortised cost, using the effective interest method. Trade debtors and trade payables are recognised at the undiscounted amount owed by the customer or to the supplier, which is normally the invoice amount.

2.5 Taxation

Tax is recognised in the Income Statement, 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.

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 in the countries where the company operates and generates income.

Factors affecting tax charge for the year

The Company accounted for UK corporation tax on interest income.

Factors that may affect future tax charges

The company is considered for tax purposes as a "mutual trader" such that it is not subject to corporation tax on the basis that its costs are met by its members each year. Accordingly, no taxation (other than on interest income) or deferred taxation is accounted for.

2.6 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 gains and losses are recognised in the income statement.

2.7 Pensions

Defined contribution pension plan

The Company operates 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 the income statement when they fall due.

Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.8 Debtors

Short term debtors are measured at transaction price, less any impairment.

2.9 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.

2.10 Creditors

Short term creditors are measured at the transaction price.

2.11Revenue recognition

The Company recognises revenues from subscriptions and other fees receivable when earned and collection is reasonably assured. Deferred revenues are recorded for subscriptions received that have not yet been earned. Upfront fees are recognised over the estimated period that the related services are performed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 33 ) .

4.	INTANGIBLE FIXED ASSETS

Private

Property

Computer

Rights

software

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

4,000

782,164

786,164

AMORTISATION

At 1 January 2025

160

469,298

469,458

Amortisation for year

4

156,433

156,437

At 31 December 2025

164

625,731

625,895

NET BOOK VALUE

At 31 December 2025

3,836

156,433

160,269

At 31 December 2024

3,840

312,866

316,706

The company owns private property rights on two seats at a performance venue in London, which was originally granted with a 999 year lease. The box was purchased in 1985.

The directors have recognised the asset at an original cost of £4,000. The cost of the asset is amortised over the period of the private property rights.

In 2022, the company has capitalised an internally generated software platform which is used by the company and its members.

Initial recognition - Costs associated with internally generated intangible fixed assets are capitalised where it is probable that expected future economic benefits that are attributable to the asset will flow to the entity and the cost of the asset can be measured reliably FRS 102 Section 18 paragraph 18.4.

Subsequent recognition - As there is no active market for the asset it is not permitted to carry it at fair value (FRS 18.18B) thus the asset is carried at cost less amortisation and impairment.

Amortisation - The software platform is amortised over its useful economic life, in accordance with FRS 18.23a its residual value has assumed to be zero.

The directors reassess the asset's useful economic life annually, and where necessary amend the amortisation charge by spreading the net book value as at the time of the reassessment evenly over the remaining useful economic life.

The current economic life is deemed to be 5 years.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

COST

£

At 1 January 2025

136

Additions

74

At 31 December 2025

210

NET BOOK VALUE

At 31 December 2025

210

At 31 December 2024

136

Following investments are held at the year end:-

Name of Company

Price per share £

Total £

Moore Stephens Int. Lic. Ltd.

1

100

Moore Stephens International Ltd.

5

35

Moore Stephens Ltd.

1

1

Moore Delaware LLC

0.74

74

210

Moore Delaware LLC was incorporated on 13 June 2025.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

3,974,998

211,378

Amounts owed by group undertakings

363

363

Other debtors

565,043

665,858

4,540,404

877,599

Included in Group undertakings are amounts owed by Moore Stephens International Limited £363 (2024: £363), a company incorporated in England and Wales.

7.	CASH AT BANK

31.12.2025

31.12.2024

£

£

Cash at bank and in hand

2,633,540

2,365,626

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

268,332

605,978

Taxation and social security

122,165

81,078

Other creditors

4,810,515

1,229,246

5,201,012

1,916,302

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed to group undertakings

136,044

136,044

Amounts owed to group undertakings are due to Moore Stephens International Limited, a company incorporated in England & Wales.

10.	FINANCIAL INSTRUMENTS

31.12.2025

31.12.2024

Financial assets

£

£

Financial assets measured at amortised cost

Cash at bank and in hand (note 10)

2,633,540

2,365,626

Trade debtors (note 9)

3,974,998

211,378

6,608,538

2,577,004

31.12.2025

31.12.2024

Financial liabilities

£

£

Financial liabilities measured at amortised cost

Trade creditors (note 11)

268,332

605,978

Total financial liabilities

268,332

605,978

The company's financial instruments comprise cash and bank balances, trade debtors and trade creditors arising directly from its operations. The main risks arising from the company's financial instruments are credit risk and liquidity risk. The directors review and agree policies for managing these risks on a regular basis.

11.	RELATED PARTY DISCLOSURES

The company's principal activities comprise the provision of services to members, funded primarily through membership fees. Expenditure is incurred predominantly with independent third-party suppliers in delivering member benefits and related services.

There were no material related party transactions during the year requiring disclosure under Section 33 of FRS 102.

12.	ULTIMATE CONTROLLING PARTY

The company is a private company limited by guarantee and has no share capital.

The directors have reviewed the governance structure of the company and consider that there is no individual or corporate entity that exercises ultimate control over the company. Accordingly, the directors consider that there is no ultimate controlling party.