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REGISTERED NUMBER: 13885781 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Plim Limited

Plim Limited (Registered number: 13885781)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Plim Limited

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | A R M J Al-Lawati

| Ms N A R M J Al Lawati

| SECRETARY: | Keystone Law Limited

| REGISTERED OFFICE: | 1st Floor 48 Chancery Lane

| London

| WC2A 1JF

| REGISTERED NUMBER: | 13885781 (England and Wales)

| ACCOUNTANTS: | Hawksford UK Services Limited

| 123 Pall Mall

| St. James's

| London

| SW1Y 5EA

Plim Limited (Registered number: 13885781)

Balance Sheet

31 December 2024

| 31.12.24 |  | 31.12.23

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 513,187 |  | 597,426 |  |

Tangible assets | 5 | 2,627 |  | 2,544 |  |

515,814 |  | 599,970 |  |

CURRENT ASSETS

Debtors | 6 | 313,493 |  | 285,698 |  |

Cash at bank | 31,887 |  | 135,624 |  |

345,380 |  | 421,322 |  |

CREDITORS

Amounts falling due within one year | 7 | (608,902 | ) | (232,480 | ) |

NET CURRENT (LIABILITIES)/ASSETS | (263,522 | ) | 188,842 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 252,292 |  | 788,812 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,575,772 | ) | (1,911,310 | ) |

NET LIABILITIES | (1,323,480 | ) | (1,122,498 | ) |

CAPITAL AND RESERVES

Called up share capital | 983 |  | 1 |  |

Share premium | 784,878 |  | - |  |

Retained earnings | (2,109,341 | ) | (1,122,499 | ) |

(1,323,480 | ) | (1,122,498 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 26 August 2025 and were signed on its behalf by:

Ms N A R M J Al Lawati - Director

Plim Limited (Registered number: 13885781)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Plim 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

| Development costs are being amortised evenly over their estimated useful life of 8 years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 25% on cost

| Taxation

| Taxation for the year 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.

| 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 year was 3 (2023 - 5 ) .

Plim Limited (Registered number: 13885781)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 January 2024 | 682,773 |  |

| Additions | 1,266 |  |

| At 31 December 2024 | 684,039 |  |

| AMORTISATION

| At 1 January 2024 | 85,347 |  |

| Charge for year | 85,505 |  |

| At 31 December 2024 | 170,852 |  |

| NET BOOK VALUE

| At 31 December 2024 | 513,187 |  |

| At 31 December 2023 | 597,426 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2024 | 3,392 |  |

| Additions | 1,064 |  |

| At 31 December 2024 | 4,456 |  |

| DEPRECIATION

| At 1 January 2024 | 848 |  |

| Charge for year | 981 |  |

| At 31 December 2024 | 1,829 |  |

| NET BOOK VALUE

| At 31 December 2024 | 2,627 |  |

| At 31 December 2023 | 2,544 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | 272,743 |  | 222,280 |  |

| Amount owed by related parties | 13,950 |  | 34,928 |  |

| Other debtors | 26,800 |  | 28,490 |  |

313,493 |  | 285,698 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade creditors | 575,597 |  | 220,478 |  |

| Taxation and social security | (20 | ) | - |  |

| Other creditors | 33,325 |  | 12,002 |  |

608,902 |  | 232,480 |  |

Plim Limited (Registered number: 13885781)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Other creditors | 1,575,772 |  | 1,911,310 |  |

9. | RELATED PARTY DISCLOSURES

| At the year end the company had the following related party balances:

| £510 owed from Ali Redha Al-Lawati who is a person with significant control of Plim Ltd.

| £3,209 due to Nada Ali Redha Mohammed Jawad Al Lawati.

| The professional fees include £3,000 paid to Nada for advisory services.

| £13,440 due from Plim Portal AG, a company under common control.

| £750,473.75 owed to Plim Portal AG, given to Plim as line of credit with 1.5% interest applicable.

| £21,643 owed to Yashar Memarian who is a person with significant control of Plim Ltd.

| £803,655 owed to Geodesik, given to Plim as line of credit with 7% interest applicable.

| The trade creditors balance includes £395,399 owed to Geodesik relating to development work and provision of hosting and maintenance.

10. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling parties are A R M J Al-Lawati and Y Memarian.