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Registration number: 08927211

Sensory Technologies UK Holdings Limited
Director's Report and Unaudited Financial Statements
for the Year Ended 31 December 2024

Sensory Technologies UK Holdings Limited

(Registration number: 08927211)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Investments | 5 | 1,294 | 1,294
Current assets |  |  |
Debtors | 6 | - | 241,099
Cash at bank and in hand |  | 3,315 | 31,564
|  | 3,315 | 272,663
Creditors: Amounts falling due within one year | 7 | (31,982) | (2,000)
Net current (liabilities)/assets |  | (28,667) | 270,663
Total assets less current liabilities |  | (27,373) | 271,957
Creditors: Amounts falling due after more than one year | 7 | (1,144,202) | (1,154,848)
Net liabilities |  | (1,171,575) | (882,891)
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | (1,171,576) | (882,892)
Shareholders' deficit |  | (1,171,575) | (882,891)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 28 May 2025

.........................................

P Blanshard

Director

Sensory Technologies UK Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | Accounting policies

Statutory information

Sensory Technologies UK Holdings Limited is a private company, limited by shares, domiciled in England and Wales, company number 08927211. The registered office is at 1 Fleet Place, London, EC4M 7WS.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

After due consideration of all relevant factors, including the continued support of Sensory Technologies Inc, a connected group company incorporated in Canada, the director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover is the revenue arising from the Business and domestic software development, information technology consultancy activities, other information technology service activities and data processing, hosting and related activities falling within the Company's ordinary activities. It is stated at the fair value of the consideration receivable, net of tax and discounts.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, adjusted for foreign currency exchange movements, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Sensory Technologies UK Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

1 | Accounting policies (continued)

Asset class | Depreciation method and rate
Computer equipment | 25% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, adjusted for foreign currency exchange movements, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Incorporation costs | 5 years on a straight line basis

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

Sensory Technologies UK Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

3 | Intangible assets

| Incorporation cost £
Cost or valuation
At 1 January 2024 | 1,890
At 31 December 2024 | 1,890
Amortisation
At 1 January 2024 | 1,890
At 31 December 2024 | 1,890
Carrying amount
At 31 December 2024 | -
At 31 December 2023 | -

4 | Tangible assets

| Computer equipment £
Cost or valuation
At 1 January 2024 | 1,132
At 31 December 2024 | 1,132
Depreciation
At 1 January 2024 | 1,132
At 31 December 2024 | 1,132
Carrying amount
At 31 December 2024 | -
At 31 December 2023 | -

Sensory Technologies UK Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

5 | Investments

| 2024 £ | 2023 £
Investments in subsidiaries | 1,294 | 1,294

Subsidiaries | £
Cost or valuation
At 1 January 2024 | 1,294
At 31 December 2024 | 1,294
Carrying amount
At 31 December 2024 | 1,294
At 31 December 2023 | 1,294

6 | Debtors

| 2024 £ | 2023 £
Trade Debtors | - | 1,000
Amounts owed by group undertakings | - | 240,099
| - | 241,099

Sensory Technologies UK Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

7 | Creditors

| 2024 £ | 2023 £
Due within one year |  |
Trade creditors | 450 | -
Amounts owed to group undertakings | 29,032 | -
Accruals and deferred income | 2,500 | 2,000
| 31,982 | 2,000

| 2024 £ | 2023 £
Due after one year |  |
Amounts owed to group undertakings | 1,144,202 | 1,154,848

8 | Related party transactions

At the balance sheet date an amount of £29,032 (2023: (£240,099)) was owed to Sensory Technologies SAS. At the balance sheet date an amount of £1,144,202 (2023: £1,154,848) was owed to Sensory Technologies Inc. Both of these loans are interest free.

9 | Parent and ultimate parent undertaking

The company's immediate parent and controlling party is Sensory Technologies Inc, a company incorporated in Canada.