WHALAR LTD

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +7.4%

  £76,370,591 → £82,051,138

• Cash

  -75.7%

  £5,186,762 → £1,258,261

• Net assets

  -73.1%

  £6,809,364 → £1,831,054

• Employees

  0%

  278 → 278

• Operating profit

  -3.7%

  -£6,838,476 → -£7,090,256

• Profit before tax

  -7.2%

  -£7,094,316 → -£7,605,034

• Wages

  -0.3%

  £23,954,847 → £23,879,113

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis, which the Directors believe to be appropriate. During the year, the Group made a loss after tax of $10,261,763 (2023: loss of $9,335,283). As at the year-end, the Group had net assets of $2,449,401 (2023: $9,108,886) and cash position of $1,683,176 (2023: $6,938,332). The directors are satisfied that the Group and Company has sufficient cash, working capital and lending facilities available to meet its liabilities as they fall due for a period of 12 months from the approval of these financial statements. Consequently, the financial statements have been prepared on a going concern basis.”

Group structure

1. WHALAR LTD · parent
   1. The Lighthouse Brooklyn LLC 0.882% · Brooklyn, NY · Campus for creators
   2. The Lighthouse Venice LLC 0.882% · Venice CA · Campus for creators
   3. Whalar Media LLC 1% · Brooklyn, New York · Support services
   4. The Lighthouse by Whalar Inc. 0.882% · Los Angeles, CA · Holding company
   5. Sixteenth Limited 0.8295% · London, United Kingdom · Talent management
   6. Sixteenth Limited Global 0.8295% · London, United Kingdom · Holding company
   7. Sixteenth US Corp 0.8295% · Wilmington, New Castle, Delaware · Non trading
   8. Whalar Development, S.L. 1% · Malage, Spain · Product and technology development
   9. Whalar Estonia OÜ 1% · Harju country, Tallinn · Product and technology department
   10. Whalar FZ-LLC 1% · Dubai Media City · Sales and marketing support to group
   11. Whalar GmbH 1% · Berlin, Germany · Sales and marketing support to group
   12. Whalar Inc. 1% · Brooklyn, New York · Influencer marketing and talent management

Significant events

• “Whalar Group acquired UK Talent Management agency, Sixteenth Ltd, in Dec 2024 to build a global presence in that division.”
• “The Lighthouse at Venice Beach, California was opened in Jan 2025 to members.”
• “The second Lighthouse in Brooklyn, New York is projected to open in Fall 2025.”
• “Lighthouse also added two additional brand partners in early 2025, Samsung and Tik Tok, and it has also secured strategic investment from Fox Corporation in 2025.”
• “During FY24, Lighthouse commenced the developments of its campuses in New York and California. The costs associated with construction has been included in the financial statements.”
• “In March 2025, the Group underwent a corporate reorganisation whereby a new holding company, Whalar Group Ltd, was established.”
• “In April 2025, Whalar Group Ltd acquired 100% of the share capital of The Garage Entertainment Ltd, a business operating in the creativity and entertainment sector.”
• “During 2025, Whalar Group Ltd successfully secured strategic investment funding totalling $11 million from new investors: Time Ventures (Marc Benioff's Family office), Shopify, and Neal Moritz. Further, Lighthouse also separately secured another $2.5 million investment from Fox Corporation.”
• “In February 2025, the Co-founder, Neil Waller, provided a $5 million Director's Loan to the business to support working capital and strategic initiatives.”
• “Additionally, in 2025, both Co-founders, Neil Waller and James, converted their individual loans of $1.315 million each into SAFE (Simple Agreement for Future Equity) instruments in Lighthouse by Whalar Inc.”
• “In February 2025, the board composition of UMI Games Corp. (previously known as Mempoverse Inc.) changed, resulting in Whalar Inc gaining control and significant influence over the operations of the entity.”
• “On the 18 March 2025, Whalar Ltd sub-divided each of its 14,197,370 Ordinary shares of £0.00001 into 141,973,700 Ordinary shares of £0.000001.”
• “On the 20 March 2025, 6,456,922 Ordinary shares were issued for a total consideration of $6,254,464 (£4,977,648).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.