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REGISTERED NUMBER: 15573242 (England and Wales)









FINANCIAL STATEMENTS

FOR THE PERIOD

18 MARCH 2024 TO 31 DECEMBER 2024

FOR

AIZE OPERATIONS UK LIMITED

AIZE OPERATIONS UK LIMITED (REGISTERED NUMBER: 15573242)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 18 March 2024 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AIZE OPERATIONS UK LIMITED

COMPANY INFORMATION
for the period 18 March 2024 to 31 December 2024







DIRECTORS: J Skrebergene
Ms S Shearer





SECRETARY: Pinsent Masons Secretarial Limited





REGISTERED OFFICE: 1 Park Row
Leeds
LS1 5AB





REGISTERED NUMBER: 15573242 (England and Wales)





AUDITORS: Haines Watts Scotland
Business Advisors, Accountants and
Statutory Auditors
Q Court
3 Quality Street
Edinburgh
EH4 5BP

AIZE OPERATIONS UK LIMITED (REGISTERED NUMBER: 15573242)

BALANCE SHEET
31 December 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 67,982

CURRENT ASSETS
Debtors 5 3,533,446
Cash at bank 1,089,722
4,623,168
CREDITORS
Amounts falling due within one year 6 2,261,615
NET CURRENT ASSETS 2,361,553
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,429,535

CREDITORS
Amounts falling due after more than one
year

7

(2,108,979

)

PROVISIONS FOR LIABILITIES 8 (16,996 )
NET ASSETS 303,560

CAPITAL AND RESERVES
Called up share capital 9 1,000
Retained earnings 302,560
SHAREHOLDERS' FUNDS 303,560

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 7 July 2025 and were signed on its behalf by:





J Skrebergene - Director


AIZE OPERATIONS UK LIMITED (REGISTERED NUMBER: 15573242)

NOTES TO THE FINANCIAL STATEMENTS
for the period 18 March 2024 to 31 December 2024

1. STATUTORY INFORMATION

Aize Operations Uk 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the year end the company reported a profit of £404,354, and had net current assets of £2,361,553 and net assets of £303,560. The company had cash in hand of £1,089,722 at year end.

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual approved budget and future cash flow forecasts of both the company and its direct and indirect parent undertakings in making their assessment. Given that the company is in its early stages and is continuing to invest in the development of software and technology products to create future revenue opportunities, these forecasts are dependent on said parent undertakings continuing to make available additional funds as needed to allow the company to maintain normal business operations and to meet its liabilities as they fall due. The company is therefore ultimately reliant on other group entities for financial support.

The direct parent undertaking, Aize AS, has indicated its intention to make available such additional funds as are needed by the company for the period covered by the forecasts to allow the company to continue in its ongoing business operations. As with any company placing reliance on other group entities for financial support, the Directors acknowledge that there can be no certainty that this support will continue although, as of the date of signing these financial statements, they have no reason to believe that it will not do so.

Consequently, the Directors are confident that the company will have sufficient cash resources to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.

TURNOVER
Turnover comprises consultancy support provided to customers and revenue arising from the development of a technology platform. Consultancy support income is recognised in the period in which the support/services are rendered to the customer.

Income received in advance of services being provided is deferred.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
IT Hardware - 33% per annum on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


AIZE OPERATIONS UK LIMITED (REGISTERED NUMBER: 15573242)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 18 March 2024 to 31 December 2024

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the period 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 period 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 56 .

AIZE OPERATIONS UK LIMITED (REGISTERED NUMBER: 15573242)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 18 March 2024 to 31 December 2024

4. TANGIBLE FIXED ASSETS
IT
Hardware
£   
COST
Additions 46,614
Transfer from related parties 173,998
At 31 December 2024 220,612
DEPRECIATION
Charge for period 24,640
Transfer from related parties 127,990
At 31 December 2024 152,630
NET BOOK VALUE
At 31 December 2024 67,982

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 3,355,450
Other debtors 177,996
3,533,446

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 1,791,325
Taxation and social security 362,056
Other creditors 108,234
2,261,615

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Amounts owed to group undertakings 2,108,979

Other loans represents a drawback loan agreement between Aize AS and is repayable on 31 December 2026 with an interest of NIBOR+2.45% payable.

8. PROVISIONS FOR LIABILITIES
£   
Deferred tax
Deferred tax 1,699
Transfer of deferred tax 15,297
16,996

AIZE OPERATIONS UK LIMITED (REGISTERED NUMBER: 15573242)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 18 March 2024 to 31 December 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during period 16,996
Balance at 31 December 2024 16,996

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1,000 Ordinary 1 1,000

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

The Report of the Auditors was unqualified.

Craig C Hunter (Senior Statutory Auditor)
for and on behalf of Haines Watts Scotland

11. OPERATING LEASE COMMITMENTS

At the 31 December 2024, the company had the following non-cancellable leases:

2024
£
Due within 1 year420,350
420,350

12. RELATED PARTY DISCLOSURES

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.

13. ULTIMATE CONTROLLING PARTY

The immediate parent company is Aize AS, with the registered address Aker Tech House, John Strandruds Vei 10, 12, 1366 Lysaker, Norway, and the ultimate parent company is Aker Capital AS, . with the registered address Oksenøyveien 10 366 LYSAKER, Norway. The ultimate controlling party is Aize Holding AS, with the registered address Aker Tech House, John Strandruds Vei 10, 12, 1366 Lysaker, Norway.