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REGISTERED NUMBER: 05776010 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE PERIOD |

| 1ST FEBRUARY 2024 TO 31ST DECEMBER 2024 |

| FOR |

| PAYONOMY LIMITED |

| PAYONOMY LIMITED (REGISTERED NUMBER: 05776010) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1ST FEBRUARY 2024 TO 31ST DECEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| PAYONOMY LIMITED |

COMPANY INFORMATION

FOR THE PERIOD 1ST FEBRUARY 2024 TO 31ST DECEMBER 2024

| DIRECTORS: | N S Chaffe

| J A E Smith

| M P Birke

| J Gasteen

| REGISTERED OFFICE: | 2 The Links

| Herne Bay

| Kent

| CT6 7GQ

| REGISTERED NUMBER: | 05776010 (England and Wales)

| ACCOUNTANTS: | McCabe Ford Williams

| Chartered Accountants

| 2 The Links

| HERNE BAY

| Kent

| CT6 7GQ

| PAYONOMY LIMITED (REGISTERED NUMBER: 05776010) |

BALANCE SHEET

31ST DECEMBER 2024

| 2024 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | - |  | - |  |

Tangible assets | 6 | 926 |  | 2,340 |  |

Investments | 7 | - |  | 500 |  |

926 |  | 2,840 |  |

CURRENT ASSETS

Debtors | 8 | 355,952 |  | 313,283 |  |

Cash at bank | 572,906 |  | 675,205 |  |

928,858 |  | 988,488 |  |

CREDITORS

Amounts falling due within one year | 9 | 1,404,670 |  | 1,078,185 |  |

NET CURRENT LIABILITIES | (475,812 | ) | (89,697 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (474,886 | ) | (86,857 | ) |

CREDITORS

Amounts falling due after more than one year | 10 | - |  | 27,520 |  |

NET LIABILITIES | (474,886 | ) | (114,377 | ) |

CAPITAL AND RESERVES

Called up share capital | 1,250 |  | 1,000 |  |

Share premium | 20,986 |  | - |  |

Retained earnings | (497,122 | ) | (115,377 | ) |

SHAREHOLDERS' FUNDS | (474,886 | ) | (114,377 | ) |

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st 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 21st August 2025 and were signed on its behalf by:

M P Birke - Director

| PAYONOMY LIMITED (REGISTERED NUMBER: 05776010) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1ST FEBRUARY 2024 TO 31ST DECEMBER 2024

1. | STATUTORY INFORMATION

| Payonomy 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Related party exemption

| 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.

| 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 any accumulated amortisation and any accumulated impairment losses.

| 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 | - | 33% on a straight line basis

| Fixtures and fittings | - | 20% on reducing balance

| 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.

| 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.

| Going concern

| The trading result of the company for the financial period was considered positive. New business growth was strong in the year. Due to the nature of the licenses being issued, the revenue is deferred across the licence term, which is typically 12 months. Whilst the operating position of the company appears insolvent, current liabilities includes a large value of deferred income, for which there is no obligation to repay, as the licence fees are non-refundable once issued. When considered, looking at the net liability as stated and knowledge of this position with deferred income, current assets are more than sufficient to meet current liabilities as they fall due. For this reason, the Directors believe the going concern basis of accounting is appropriate.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 9 (2024 - 9 ) .

| PAYONOMY LIMITED (REGISTERED NUMBER: 05776010) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1ST FEBRUARY 2024 TO 31ST DECEMBER 2024

5. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1st February 2024 | 33,334 |  |

| Disposals | (33,334 | ) |

| At 31st December 2024 | - |  |

| AMORTISATION

| At 1st February 2024 | 33,334 |  |

| Eliminated on disposal | (33,334 | ) |

| At 31st December 2024 | - |  |

| NET BOOK VALUE

| At 31st December 2024 | - |  |

| At 31st January 2024 | - |  |

6. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |

| machinery |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1st February 2024 | 30,588 |  | 344 |  | 30,932 |  |

| Additions | 1,099 |  | - |  | 1,099 |  |

| Disposals | - |  | (344 | ) | (344 | ) |

| At 31st December 2024 | 31,687 |  | - |  | 31,687 |  |

| DEPRECIATION

| At 1st February 2024 | 28,340 |  | 252 |  | 28,592 |  |

| Charge for period | 2,421 |  | 92 |  | 2,513 |  |

| Eliminated on disposal | - |  | (344 | ) | (344 | ) |

| At 31st December 2024 | 30,761 |  | - |  | 30,761 |  |

| NET BOOK VALUE

| At 31st December 2024 | 926 |  | - |  | 926 |  |

| At 31st January 2024 | 2,248 |  | 92 |  | 2,340 |  |

7. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1st February 2024 | 500 |  |

| Disposals | (500 | ) |

| At 31st December 2024 | - |  |

| NET BOOK VALUE

| At 31st December 2024 | - |  |

| At 31st January 2024 | 500 |  |

| PAYONOMY LIMITED (REGISTERED NUMBER: 05776010) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1ST FEBRUARY 2024 TO 31ST DECEMBER 2024

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

2024 | 2024 |

£ | £ |

| Trade debtors | 253,852 |  | 264,340 |  |

| Other debtors | 102,100 |  | 48,943 |  |

355,952 |  | 313,283 |  |

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

2024 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 11) | - |  | 10,017 |  |

| Other loans (see note 11) | - |  | 50,000 |  |

| Trade creditors | 9,460 |  | 47,812 |  |

| Amounts owed to group undertakings | 231,683 |  | - |  |

| Social security and other taxes | 21,454 |  | 24,813 |  |

| VAT | 41,845 |  | 46,839 |  |

| Other creditors | 6,433 |  | 4,678 |  |

| Accruals | 109,824 |  | 82,966 |  |

| Deferred income | 983,971 |  | 811,060 |  |

1,404,670 |  | 1,078,185 |  |

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

2024 | 2024 |

£ | £ |

| Bank loans (see note 11) | - |  | 27,520 |  |

11. | LOANS

| An analysis of the maturity of loans is given below:

2024 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | - |  | 10,017 |  |

| Other loans | - |  | 50,000 |  |

- |  | 60,017 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | - |  | 10,187 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | - |  | 17,333 |  |