APEX Mobile Media UK Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 15614078 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

APEX MOBILE MEDIA UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W Amaya

C Lombardi

REGISTERED OFFICE:

10 John Street

London

WC1N 2EB

REGISTERED NUMBER:

15614078 (England and Wales)

AUDITORS:

Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

4

338

577

CURRENT ASSETS

Debtors

5

22,322

2,005

Cash at bank

5,394

1,735

27,716

3,740

CREDITORS

Amounts falling due within one year

6

315,450

103,806

NET CURRENT LIABILITIES

(287,734

)

(100,066

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(287,396

)

(99,489

)

CAPITAL AND RESERVES

Called up share capital

7

1

Retained earnings

(287,397

)

(99,490

)

SHAREHOLDERS' FUNDS

(287,396

)

(99,489

)

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 30 September 2026 and were signed on its behalf by:

W Amaya - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The company has obtained a letter of support from the parent company, Apex Mobile Media ULC. The directors of Apex Mobile Media ULC have provided a commitment to provide any financial support which may be necessary in order for the company to meet its liabilities as they fall due, being a period in excess of 12 months and 1 day from the signing of the audit report.

The company's parent has historically made losses and continues to rely on a line of credit to fund its operations. Management continues to focus its efforts on increasing revenue, managing expenditures and securing additional financing if necessary. However, if the company does not generate sufficient operating cashflows, additional debt financing may be required. There is no assurance that if the company requires additional financing they will be able to secure it on terms acceptable to the company, or at all.

Related party exemption

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from advertising is sold on a cost-per-thousand (CPM) basis and is recognised as impressions are delivered, based on agreed rates and actual volumes served.

Tangible fixed assets

Tangible assets are initially measured at cost. After initial recognition, tangible assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Computer equipment - 33% on cost

Financial instruments

Basic Financial Instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS 102.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

716

DEPRECIATION

At 1 January 2025

139

Charge for year

239

At 31 December 2025

378

NET BOOK VALUE

At 31 December 2025

338

At 31 December 2024

577

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

22,300

-

Other debtors

22

2,005

22,322

2,005

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

295

444

Amounts owed to group undertakings

292,506

86,110

Other creditors & accruals

22,649

17,252

315,450

103,806

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

1

Ordinary

£1

1

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Emma Florentin-Lee (Senior Statutory Auditor)

for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statements contained within our audit report as included within the full financial statements:-

"Material uncertainty relating to going concern

We draw attention to note 2 of the financial statements which states that the directors have prepared the financial statements on the going concern basis as a result of group company support.

The company's parent has historically made losses and continues to rely on a line of credit to fund its operations. Management continues to focus its efforts on increasing revenue, managing expenditures and securing additional financing if necessary. However, if the company does not generate sufficient operating cashflows, additional debt financing may be required. There is no assurance that if the company requires additional financing they will be able to secure it on terms acceptable to the company, or at all.

This gives rise to a material uncertainty which may cast doubt as to the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

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."

9.	ULTIMATE CONTROLLING PARTY

Evolve Media Holdings, LLC (incorporated in the United States of America) is regarded as the ultimate parent undertaking. Consolidated financial statements are not publicly available. The ultimate controlling party is Aaron Broder, who controls Evolve Media Holdings, LLC through an 89.87% ownership interest.

The immediate parent company is APEX Mobile Media ULC, a company incorporated in Canada with registered address 365 Bay St. Suite 401, Toronto, ON M5H 2V1, Canada.