ACCOUNTS - Final Accounts

Registered number: 06185509

SOFON UK LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

SOFON UK LIMITED

COMPANY INFORMATION

Directors	John Byron Mills
	Michael Sabin


Registered number	06185509


Registered office	Harlow Enterprise Hub Kao Hockham Building
	Edinburgh Way, Harlow
	Essex
	CM20 2NQ


Independent auditors	Wilder Coe Ltd
	Chartered Accountants & Statutory Auditors 1st Floor, Sackville House
	143-149 Fenchurch Street
	London
	EC3M 6BL

SOFON UK LIMITED

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 5

SOFON UK LIMITED

REGISTERED NUMBER: 06185509

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors	4	114,322		114,196
Cash at bank and in hand		27,878		26,088
		142,200		140,284
Creditors: amounts falling due within one year	5	(40,407)		(39,252)

Net current assets			101,793		101,032

Capital and reserves
Allotted, called up and fully paid share capital	100	100
Profit and loss reserves	101,693	100,932
Total Equity	101,793	101,032

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 Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies' regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 August 2025.

John Byron Mills

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

SOFON UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Sofon UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Harlow Enterprise Hub Kao Hockham Building, Edinburgh Way, Harlow, Essex, England, CM20 2NQ.

2.Accounting policies

2.1

Basis of preparation of financial statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company therefore has taken advantage of exemptions from the following disclosure requirements:

∙Section 7 'Statement of Cash Flows': Presentation of the statement of cash flow and related notes and disclosures;

∙Section 11 'Basic Financial Instruments' and Section 12 ' Other Financial Instrument Issues'. Interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

∙Section 26 'Share based payment': Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilites for cash-settled share-based payments, explanation of modification to arrangements;

∙Section 33 'Related Party Disclosures': Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Sofon B.V. These consolidated financial statements are available from its registered office, Science Park, Eindhoven 5214, 5692 Eg Son, Netherlands.

Page 2

SOFON UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.2

Going concern

These financial statements have been prepared on the going concern basis, the validity of which is supported by the following disclosures.
The company is dependent on its parent company Sofon B.V. for:
i) Technical resources which are subsequently sold onto UK clients; and
ii) The current assets and working capital of Sofon UK Limited include £112,390 (2023: £112,390) which is owed from and £25,035 (2023: £23,723) which is owed to Sofon B.V.
The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future by virtue of assurances from Sofon B.V. of continuing support for the next 12 months.

2.3

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and it is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that is probable will be recovered.

2.4

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.5

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised in liabilities once they are no longer at the discretion of the company.

2.6

Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foeign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Page 3

SOFON UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.7

Taxation

The tax expense represents the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxible or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

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.

2.8

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

2.9

Borrowing costs

All borrowing costs are recognised in the Statement of Income and Retained Earnings in the year in which they are incurred.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's acounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Page 4

SOFON UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£

Amounts falling due within one year:
Trade debtors	-	688
Amounts owed by group undertakings	112,390	112,390
Other debtors	1,263	488
Prepayments and accrued income	669	630
	114,322	114,196

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	692	-
Amounts owed to group undertakings	23,981	23,723
Corporation tax	206	876
Accruals and deferred income	15,487	14,653
Bank overdrafts	41	-
	40,407	39,252

6.	Related party transactions

The company has taken advantage of the exemption available in accordance with Section 33 of Financial Reporting Standard 102 not to disclose transactions entered into between two or more members of the group, as the Company is a wholly owned subsidiary undertaking of the group to which it is party to the transactions.

7.	Controlling party

The company is a wholly owned subsidiary of Sofon B.V., registered in the Netherlands. Registered Office, Science Park Eindhoven 5214, 5692 EG Son, The Netherlands.
Sofon B.V. is a wholly owned subsidiary of Sofon Holding B.V., registered in The Netherlands, which is ultimately owned by Revalize Inc., registered at Jacksonville, United States.

8.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 14 August 2025 by Caryl King BSc ACA (Senior Statutory Auditor) on behalf of Wilder Coe Ltd.

Page 5