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REGISTERED NUMBER: 06507751 (England and Wales)















REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

STREAMTIME SOFTWARE LIMITED

STREAMTIME SOFTWARE LIMITED (REGISTERED NUMBER: 06507751)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 4

Statement of Income and Retained Earnings 8

Balance Sheet 9

Notes to the Financial Statements 10


STREAMTIME SOFTWARE LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: S A A Jansen
J O Davis





SECRETARY: P S McMillan





REGISTERED OFFICE: 6 The Crescent
New Malden
Surrey
KT3 3LH





REGISTERED NUMBER: 06507751 (England and Wales)





AUDITORS: Kershen Fairfax
4th Floor, Eldon Chambers
30-32 Fleet Street
London
EC4Y 1AA

STREAMTIME SOFTWARE LIMITED (REGISTERED NUMBER: 06507751)

REPORT OF THE DIRECTORS
for the Year Ended 30 June 2024

The directors present their report with the financial statements of the company for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the period under review continued to be the management of local group IT operations.

DIRECTORS
S A A Jansen has held office during the whole of the period from 1 July 2023 to the date of this report.

Other changes in directors holding office are as follows:

J O Davis was appointed as a director after 30 June 2024 but prior to the date of this report.

E Den Hollander ceased to be a director after 30 June 2024 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing 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 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 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 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 company'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 company's auditors are aware of that information.

AUDITORS
The auditors, Kershen Fairfax, will be proposed for re-appointment at the forthcoming Annual General Meeting.


STREAMTIME SOFTWARE LIMITED (REGISTERED NUMBER: 06507751)

REPORT OF THE DIRECTORS
for the Year Ended 30 June 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S A A Jansen - Director


19 February 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
STREAMTIME SOFTWARE LIMITED

Opinion
We have audited the financial statements of Streamtime Software Limited (the 'company') for the year ended 30 June 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and 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 company's affairs as at 30 June 2024 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 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 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 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
STREAMTIME SOFTWARE LIMITED


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 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, 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 prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, 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 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
STREAMTIME SOFTWARE LIMITED


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:

We planned our audit in accordance with the requirements of International Standard on Auditing 300, and assessed audit risks in accordance with International Standard on Auditing 315. No significant risks of fraud or other irregularities were identified. Our audit work was conducted in accordance with the audit plan and no indications of fraud or other irregularities were found. We consider that so far as reasonably possible, our audit is capable of detecting irregularities.

Our approach to identifying and accessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follow;

- We identified the laws and regulations applicable to the company through discussions with management, and from our commercial knowledge and experience of the sector;
- We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company;
- We assessed the extent of compliance with the laws and regulations identified above through making enquiries of the management.

We assessed the susceptibility of the company's financial statements to material misstatements, including obtaining an understanding of how fraud might occur, by:

- Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we

- performed analytical procedures to look for any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- Agreeing financial statement disclosures to underlying supporting documentation;
- Reading the minutes of meetings; and
- Enquiring of management as to actual and potential ligation and claims.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely is it that we would become aware of non-compliance. Auditing standards limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and inspection of regulatory ans legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
STREAMTIME SOFTWARE LIMITED


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.

Duncan G. Hooper
Senior Statutory Auditor
For and on behalf of Kershen Fairfax
Chartered Accountants
Statutory Auditor




Duncan Hooper (Senior Statutory Auditor)
for and on behalf of Kershen Fairfax
4th Floor, Eldon Chambers
30-32 Fleet Street
London
EC4Y 1AA

19 February 2025

STREAMTIME SOFTWARE LIMITED (REGISTERED NUMBER: 06507751)

STATEMENT OF INCOME AND
RETAINED EARNINGS
for the Year Ended 30 June 2024

30.6.24 30.6.23
Notes £    £   

TURNOVER 3 323,388 277,480

Cost of sales 98,926 66,310
GROSS PROFIT 224,462 211,170

Administrative expenses 201,411 192,813
OPERATING PROFIT and
PROFIT BEFORE TAXATION 23,051 18,357

Tax on profit 6 - -
PROFIT FOR THE FINANCIAL YEAR 23,051 18,357

Retained earnings at beginning of year 43,215 24,858

RETAINED EARNINGS AT END OF
YEAR

66,266

43,215

STREAMTIME SOFTWARE LIMITED (REGISTERED NUMBER: 06507751)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 1,271 1,206

CURRENT ASSETS
Debtors 8 29,671 33,728
Cash at bank 56,058 38,650
85,729 72,378
CREDITORS
Amounts falling due within one year 9 20,634 30,269
NET CURRENT ASSETS 65,095 42,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,366

43,315

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 66,266 43,215
SHAREHOLDERS' FUNDS 66,366 43,315

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





S A A Jansen - Director


STREAMTIME SOFTWARE LIMITED (REGISTERED NUMBER: 06507751)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Streamtime Software Limited 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" ad the Companies Act 2006.The financial statements have been prepared under the historical cost convention and on the going concern basis, and in sterling which is the company's functional currency.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant, Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

Turnover
Turnover represents amounts invoiced by the company, excluding value added tax, in respect of services rendered during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on cost

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

Current or deferred taxation 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.

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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated ay cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

STREAMTIME SOFTWARE LIMITED (REGISTERED NUMBER: 06507751)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

30.6.24 30.6.23
Other 100.00% 100.00%
100.00% 100.00%

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

5. OPERATING PROFIT

The operating profit is stated after charging:

30.6.24 30.6.23
£    £   
Depreciation - owned assets 1,351 878

6. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 30 June 2024 nor for the year ended 30 June 2023.

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

30.6.24 30.6.23
£    £   
Profit before tax 23,051 18,357
Profit multiplied by the standard rate of corporation tax in the UK of
19% (2023 - 19%)

4,380

3,488

Effects of:
Capital allowances in excess of depreciation (12 ) (19 )
Utilisation of tax losses due to the availability of tax losses brought forward
(4,368

)

(3,469

)
Total tax charge - -

STREAMTIME SOFTWARE LIMITED (REGISTERED NUMBER: 06507751)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

7. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 July 2023 2,637
Additions 1,416
At 30 June 2024 4,053
DEPRECIATION
At 1 July 2023 1,431
Charge for year 1,351
At 30 June 2024 2,782
NET BOOK VALUE
At 30 June 2024 1,271
At 30 June 2023 1,206

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 26,629 33,472
Other debtors 2,615 -
VAT 427 256
29,671 33,728

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 3,598 1,437
Social security and other taxes - 6,633
Accruals 17,036 22,199
20,634 30,269

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

The trade debtor at period end is Streamtime Holdings Limited, a group company.

12. ULTIMATE CONTROLLING PARTY

At 30 June 2024 the company was the immediate subsidiary of Streamtime Australia PTY Limited, a company registered in Australia. The ultimate holding company is Navis Capital Partners Limited, a company registered in the Cayman Islands.