Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 true true 2024-01-01 false false 45 31 11241397 2024-01-01 2024-12-31 11241397 2023-01-01 2023-12-31 11241397 2024-12-31 11241397 2023-12-31 11241397 2023-01-01 11241397 2 2024-01-01 2024-12-31 11241397 2 2023-01-01 2023-12-31 11241397 1 2024-01-01 2024-12-31 11241397 e:Director4 2024-01-01 2024-12-31 11241397 d:OfficeEquipment 2024-01-01 2024-12-31 11241397 d:OfficeEquipment 2024-12-31 11241397 d:OfficeEquipment 2023-12-31 11241397 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11241397 d:CurrentFinancialInstruments 2024-12-31 11241397 d:CurrentFinancialInstruments 2023-12-31 11241397 d:Non-currentFinancialInstruments 2024-12-31 11241397 d:Non-currentFinancialInstruments 2023-12-31 11241397 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11241397 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11241397 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 11241397 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11241397 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 11241397 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 11241397 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 11241397 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 11241397 d:ShareCapital 2024-01-01 2024-12-31 11241397 d:ShareCapital 2024-12-31 11241397 d:ShareCapital 2023-01-01 2023-12-31 11241397 d:ShareCapital 2023-12-31 11241397 d:ShareCapital 2023-01-01 11241397 d:SharePremium 2024-01-01 2024-12-31 11241397 d:SharePremium 2024-12-31 11241397 d:SharePremium 2 2024-01-01 2024-12-31 11241397 d:SharePremium 2023-01-01 2023-12-31 11241397 d:SharePremium 2023-12-31 11241397 d:SharePremium 2023-01-01 11241397 d:SharePremium 2 2023-01-01 2023-12-31 11241397 d:OtherMiscellaneousReserve 2024-12-31 11241397 d:OtherMiscellaneousReserve 2 2024-01-01 2024-12-31 11241397 d:OtherMiscellaneousReserve 2023-12-31 11241397 d:OtherMiscellaneousReserve 2023-01-01 11241397 d:OtherMiscellaneousReserve 2 2023-01-01 2023-12-31 11241397 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 11241397 d:RetainedEarningsAccumulatedLosses 2024-12-31 11241397 d:RetainedEarningsAccumulatedLosses 2 2024-01-01 2024-12-31 11241397 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 11241397 d:RetainedEarningsAccumulatedLosses 2023-12-31 11241397 d:RetainedEarningsAccumulatedLosses 2023-01-01 11241397 d:RetainedEarningsAccumulatedLosses 2 2023-01-01 2023-12-31 11241397 e:OrdinaryShareClass1 2024-01-01 2024-12-31 11241397 e:OrdinaryShareClass1 2024-12-31 11241397 e:OrdinaryShareClass1 2023-12-31 11241397 e:OrdinaryShareClass2 2024-01-01 2024-12-31 11241397 e:OrdinaryShareClass2 2024-12-31 11241397 e:OrdinaryShareClass2 2023-12-31 11241397 e:OrdinaryShareClass3 2024-01-01 2024-12-31 11241397 e:OrdinaryShareClass3 2024-12-31 11241397 e:OrdinaryShareClass3 2023-12-31 11241397 e:OrdinaryShareClass4 2024-01-01 2024-12-31 11241397 e:OrdinaryShareClass4 2024-12-31 11241397 e:OrdinaryShareClass4 2023-12-31 11241397 e:FRS102 2024-01-01 2024-12-31 11241397 e:Audited 2024-01-01 2024-12-31 11241397 e:FullAccounts 2024-01-01 2024-12-31 11241397 e:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11241397 e:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11241397 1 2024-01-01 2024-12-31 11241397 2 2024-01-01 2024-12-31 11241397 d:ShareCapital 2 2024-01-01 2024-12-31 11241397 d:ShareCapital 2 2023-01-01 2023-12-31 11241397 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11241397 DIGITAL INSIGHT TECHNOLOGIES LIMITED (TRADING AS XAPIEN) FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
DIGITAL INSIGHT TECHNOLOGIES LIMITED REGISTERED NUMBER: 11241397 BALANCE SHEET AS AT 31 DECEMBER 2024
|  |  |  | As restated
|  | 2024 |  | Unaudited 2023
Note |  | £ |  | £
FIXED ASSETS |  |  |  |  |
Tangible assets | 4 |  | 16,139 |  | 34,573
|  |  | 16,139 |  | 34,573
CURRENT ASSETS |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 1,519,393 |  | 1,132,560 |
Current asset investments | 6 | 5,500,000 |  | 1,001,843 |
Cash at bank and in hand | 7 | 539,212 |  | 626,178 |
|  | 7,558,605 |  | 2,760,581 |
Creditors: amounts falling due within one year | 8 | (2,127,822) |  | (1,292,518) |
NET CURRENT ASSETS |  |  | 5,430,783 |  | 1,468,063
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 5,446,922 |  | 1,502,636
Creditors: amounts falling due after more than one year | 9 |  | - |  | (22,500)
NET ASSETS |  |  | 5,446,922 |  | 1,480,136
CAPITAL AND RESERVES |  |  |  |  |
Called up share capital | 11 |  | 455 |  | 329
Share premium account |  |  | 15,504,024 |  | 7,902,307
Profit and loss account |  |  | (10,057,557) |  | (6,422,500)
|  |  | 5,446,922 |  | 1,480,136
Page 1
DIGITAL INSIGHT TECHNOLOGIES LIMITED REGISTERED NUMBER: 11241397 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
D Secretan
Director
Date: 28 August 2025
The notes on pages 4 to 14 form part of these financial statements. Page 2
DIGITAL INSIGHT TECHNOLOGIES LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2024
| Called up share capital | Share premium account | Other reserves | Profit and loss account | Total equity
| £ | £ | £ | £ | £
AT 1 JANUARY 2023 | 244 | 3,630,123 | 951,200 | (3,627,336) | 954,231
Loss for the year | - | - | - | (2,795,164) | (2,795,164)
Shares issued during the year | 85 | 4,488,968 | - | - | 4,489,053
Share issue costs | - | (216,784) | - | - | (216,784)
Advanced subscription conversion | - | - | (951,200) | - | (951,200)
AT 1 JANUARY 2024 | 329 | 7,902,307 | - | (6,422,500) | 1,480,136
Loss for the year | - | - | - | (3,654,834) | (3,654,834)
Shares issued during the year | 126 | 7,797,765 | - | - | 7,797,891
Share issue costs | - | (196,048) | - | - | (196,048)
Credit relating to equity-settled share-based payments | - | - | - | 19,777 | 19,777
AT 31 DECEMBER 2024 | 455 | 15,504,024 | - | (10,057,557) | 5,446,922
| The notes on pages 4 to 14 form part of these financial statements.
Page 3
DIGITAL INSIGHT TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | GENERAL INFORMATION
Digital Insight Technologies Limited (the 'Company') is a private company limited by shares incorporated in England and Wales. Its registered office is St John's Innovation Centre, Cowley Road, Cambridge, CB4 0WS. Its trading address is WeWork Moor Place, 1 Fore Street Avenue, London, EC2Y 9DT. 2.ACCOUNTING POLICIES
| 2.1 | BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | GOING CONCERN
The directors have prepared the financial statements on a going concern basis which assumes that the Company will be able to continue in operational existence for the foreseeable future, being a period of not less that 12 months from the date of approval of these financial statements. During the year ended 31 December 2024, the Company secured equity investment of £7.8m through the issue of A1 Ordinary shares and A2 Ordinary shares (see Note 11). In making their assessment, detailed forecasts have been prepared to December 2027, with modelling also performed to determine the sensitivity of key assumptions. These forecasts show that the Company will be able to continue to operate for a period of at least 12 months from the date of approval of these financial statements. Given the liquidity of the Company at the date of signing these financial statements, together with forecasts prepared, the directors believe that the Company is adequately placed to manage its business risks successfully and that the Company will have adequate financial resources available to meet its liabilities as they fall due for the foreseeable future.
| 2.3 | FOREIGN CURRENCY TRANSLATION
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Page 4
DIGITAL INSIGHT TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.ACCOUNTING POLICIES (CONTINUED)
| 2.4 | TURNOVER
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: Rendering of services Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of turnover can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.5 | OPERATING LEASES: THE COMPANY AS LESSEE
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.6 | SALE AND LEASEBACK
Where a sale and leaseback transaction results in a finance lease, no gain is immediately recognised for any excess of sales proceeds over the carrying amount of the asset. Instead, the proceeds are presented as a liability and subsequently measured at amortised cost using the effective interest method. When a sale and leaseback transaction results in an operating lease, and it is clear that the transition is established at fair value any profit or loss is recognised immediately. If the sale price is below fair value, any profit or loss is recognised immediately unless the loss is compensated for by the future lease payments at below market price. In that case any such loss is amortised in proportion to the lease payments over the period for which the asset is expected to be used. If the sale price is above fair value, the excess over fair value is amortised over the period for which the asset is expected to be used.
| 2.7 | RESEARCH AND DEVELOPMENT
Research and development costs are recognised in profit and loss as they are incurred.
| 2.8 | INTEREST INCOME
Interest income is recognised in profit or loss using the effective interest method. Page 5
DIGITAL INSIGHT TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.ACCOUNTING POLICIES (CONTINUED)
| 2.9 | FINANCE COSTS
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.10 | BORROWING COSTS
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.11 | PENSIONS
The Company operates a defined contribution pension plan for its employees. A defined contribution pension plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in other creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.12 | SHARE-BASED PAYMENTS
Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition. The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme). Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period. Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received. Page 6
DIGITAL INSIGHT TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.ACCOUNTING POLICIES (CONTINUED)
| 2.13 | TAXATION
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.14 | TANGIBLE FIXED ASSETS
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | 25% |
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.
| 2.15 | DEBTORS
Short-term debtors are measured at transaction price, less any impairment. Page 7
DIGITAL INSIGHT TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.ACCOUNTING POLICIES (CONTINUED)
| 2.16 | CASH AND CASH EQUIVALENTS
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. These are recognised in current asset investments as 'short-term deposits'.
| 2.17 | CURRENT ASSET INVESTMENTS
Other deposits are liquid investments held at bank that mature between three to twelve months from the date of acquisition.
| 2.18 | CREDITORS
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.19 | FINANCIAL INSTRUMENTS
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Page 8
DIGITAL INSIGHT TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.ACCOUNTING POLICIES (CONTINUED)
| 2.19 | FINANCIAL INSTRUMENTS (CONTINUED)
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
3. | EMPLOYEES
| The average monthly number of employees, including directors, during the year was 45 (2023 - 31).
Page 9
DIGITAL INSIGHT TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | TANGIBLE FIXED ASSETS
|  | Office equipment
|  | £
| COST |
| At 1 January 2024 | 77,749
| Additions | 42,419
| Disposals | (94,721)
| At 31 December 2024 | 25,447
| DEPRECIATION |
| At 1 January 2024 | 43,176
| Charge for the year on owned assets | 15,502
| Disposals | (49,370)
| At 31 December 2024 | 9,308
| NET BOOK VALUE |
| At 31 December 2024 | 16,139
| At 31 December 2023 | 34,573
5. | DEBTORS
|  |  |  |  | 2024 | Unaudited 2023
|  |  |  |  | £ | £
| Trade debtors | 729,519 | 155,461
| Other debtors | 120,504 | 39,195
| Prepayments | 281,914 | 112,851
| Tax recoverable | 387,456 | 825,053
|  | 1,519,393 | 1,132,560
Page 10
DIGITAL INSIGHT TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
6. | CURRENT ASSET INVESTMENTS
|  |  |  |  |  | As restated
|  |  |  |  | 2024 | Unaudited 2023
|  |  |  |  | £ | £
| Short-term deposits | 5,500,000 | -
| Other deposits | - | 1,001,843
|  | 5,500,000 | 1,001,843
| Short-term deposits are highly liquid investments that mature in no more than three months from the date of acquisition. Other deposits are liquid investments held at bank that mature between three to twelve months from the date of acquisition.
7. | CASH AT BANK AND IN HAND
|  |  |  |  |  | As restated
|  |  |  |  | 2024 | Unaudited 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 539,212 | 626,178
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|  |  |  |  | 2024 | Unaudited 2023
|  |  |  |  | £ | £
| Bank loans (see Note 10) | - | 9,998
| Trade creditors | 139,881 | 150,831
| Other taxation and social security | 199,226 | 214,635
| Other creditors | 85,302 | 95,029
| Accruals and deferred income | 1,703,413 | 822,025
|  | 2,127,822 | 1,292,518
| Other creditors include contributions of £15,276 (2023 - £13,205) payable to the Company's defined contribution pension scheme at the balance sheet date. Included in other creditors is £54,865 (2023 - £54,865) owed to the directors. This balance is unsecured, interest free and repayable on demand.
Page 11
DIGITAL INSIGHT TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
|  |  |  |  | 2024 | Unaudited 2023
|  |  |  |  | £ | £
| Bank loans (see Note 10) | - | 22,500
10. | LOANS
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2024 | Unaudited 2023
|  |  |  |  | £ | £
| AMOUNTS FALLING DUE WITHIN ONE YEAR |  |
| Bank loans | - | 9,998
|  | - | 9,998
| AMOUNTS FALLING DUE 1-2 YEARS |  |
| Bank loans | - | 10,000
|  | - | 10,000
| AMOUNTS FALLING DUE 2-5 YEARS |  |
| Bank loans | - | 12,500
|  | - | 12,500
|  | - | 32,498
| Bank loans comprise of a Government backed 'Bounce Bank' loan (BBL). Interest is charged at 2.5% per annum. The loan was repaid in August 2024.
Page 12
DIGITAL INSIGHT TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
11. | SHARE CAPITAL
|  |  |  |  | 2024 | Unaudited 2023
|  |  |  |  | £ | £
|  | ALLOTTED, CALLED UP AND FULLY PAID |  |
|  | 2,411,958 (2023 - 2,411,958) Ordinary shares of £0.0001 each | 241 | 241
|  | 29,050 (2023 - 29,050) N Ordinary (Non-Voting) shares of £0.0001 each | 3 | 3
|  | 1,825,938 (2023 - 614,828) A1 Ordinary shares of £0.0001 each | 182 | 61
|  | 287,719 (2023 - 239,787) A2 Ordinary shares of £0.0001 each | 29 | 24
|  |  | 455 | 329
Share rights Ordinary shares, A1 Ordinary shares and A2 Ordinary shares carry full voting rights, entitlement to dividends, and rights to capital distribution on winding up. These shares are non-redeemable. N Ordinary (Non-Voting) shares have no voting rights. Holders are still entitled to dividends and capital distribution. These shares are non-redeemable. Share issues On 17 April 2024 the Company issued 9,042 A2 Ordinary shares of £0.0001 each for consideration of £50,002. The difference between the total consideration and the total nominal value of the shares issued has been included in the share premium account. On 19 July 2024 the Company issued 1,211,110 A1 Ordinary shares of £0.0001 each for consideration of £7,508,882. The difference between the total consideration and the total nominal value of the shares issued has been included in the share premium account. On 19 July 2024 the Company issued 22,761 A2 Ordinary shares of £0.0001 each for consideration of £141,118. The difference between the total consideration and the total nominal value of the shares issued has been included in the share premium account. On 6 August 2024 the Company issued 16,129 A2 Ordinary shares of £0.0001 each for consideration of £100,000. The difference between the total consideration and the total nominal value of the shares issued has been included in the share premium account.
12. | SHARE-BASED PAYMENTS
The Company has granted share options over N Ordinary (Non-Voting) shares. The options are settled in equity once exercised. During the year 435,667 share options were issued (2023 - NIL), NIL share options were exercised (2023 - NIL) and NIL share options were cancelled (2023 – 2,000). At 31 December 2024 the Company had 628,485 (2023 – 192,818) outstanding share options. During the year a share-based payment charge of £19,777 (2023 - £NIL) was recognised. Page 13
DIGITAL INSIGHT TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
13. | PRIOR YEAR ADJUSTMENT
During the year, the directors identified that a specific bank deposit was not available to the Company on demand, without penalty and therefore did not meet the definition of cash at bank and in hand. The deposit related to amounts held at bank with a maturity date of 95 days from the date of inception, so should have been disclosed as a current asset investment. The comparatives in the Balance Sheet have been restated for this error, with the effect as follows: ∙Current assets investments as at 31 December 2023 have increased by £1,001,843; and ∙Cash at bank and in hand as at 31 December 2023 have decreased by £1,001,843. This has no impact on the Statement of Comprehensive Income for the year ended 31 December 2023 or reserves as at 1 January 2023. 14.FINANCIAL COMMITMENTS Total financial commitments, guarantees and contingencies that are not included in the balance sheet amount to £91,508 (2023 - £42,739).
15. | POST BALANCE SHEET EVENTS
On 5 February 2025 the Company issued 40,322 A2 Ordinary shares of £0.0001 each for consideration of £6.20 per share. On 3 June 2025 the Company issued 2,000 N Ordinary (Non-Voting) shares of £0.0001 each for consideration of £0.20 per share. On 24 July 2025 the Company issued 500 N Ordinary (Non-Voting) shares of £0.0001 each for consideration of £0.30 per share.
16. | AUDITOR'S INFORMATION
The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.
| In their report, the auditor included an other matters section in their report: The financial statements include comparative information for the year ended 31 December 2023, which is presented for comparative purposes only. These prior year figures have not been audited or reviewed by us as the Company qualified as small and was eligible for audit exemption. As such, we do not express an opinion on the accuracy or completeness of the comparative information presented. Our audit report is limited to the current year's financial statements, and we do not provide any assurance on the prior year comparatives.
The audit report was signed on 28 August 2025 by Thomas Hamilton (Senior Statutory Auditor) on behalf of Peters Elworthy & Moore.
Page 14