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Registration number: 10651004

Densis Limited
Unaudited Filleted Financial Statements
for the Period from 1 April 2024 to 28 March 2025

Densis Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 7

Densis Limited

(Registration number: 10651004)
Balance Sheet as at 28 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 257,173 | 311,510
Investments | 5 | 168,120 | 168,120
|  | 425,293 | 479,630
Current assets |  |  |
Debtors | 6 | 120,774 | 140,209
Cash at bank and in hand |  | 479,099 | 405,098
|  | 599,873 | 545,307
Creditors: Amounts falling due within one year | 7 | (61,970) | (45,569)
Net current assets |  | 537,903 | 499,738
Total assets less current liabilities |  | 963,196 | 979,368
Provisions for liabilities |  | (17,889) | (21,389)
Net assets |  | 945,307 | 957,979
Capital and reserves |  |  |
Called up share capital |  | 300 | 300
Other reserves |  | 167,100 | 167,100
Retained earnings |  | 777,907 | 790,579
Shareholders' funds |  | 945,307 | 957,979

For the financial period ending 28 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 August 2025 and signed on its behalf by:

......................................... Mr R Taylor Director

Densis Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 28 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
85 Great Portland Street
First Floor
London
W1W 7LT

These financial statements were authorised for issue by the Board on 26 August 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies House Act 2006 and has not prepared group accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Densis Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 28 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 10% straight line basis

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exhange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combinaton contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured relaibly.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded or where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Densis Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 28 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2024 - 2).

Densis Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 28 March 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2024 | 522,363 | 522,363
Disposals | (3,500) | (3,500)
At 28 March 2025 | 518,863 | 518,863
Depreciation
At 1 April 2024 | 210,853 | 210,853
Charge for the period | 51,887 | 51,887
Eliminated on disposal | (1,050) | (1,050)
At 28 March 2025 | 261,690 | 261,690
Carrying amount
At 28 March 2025 | 257,173 | 257,173
At 31 March 2024 | 311,510 | 311,510

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 168,120 | 168,120

Subsidiaries | £
Cost or valuation
At 1 April 2024 | 168,120
Provision
Carrying amount
At 28 March 2025 | 168,120
At 31 March 2024 | 168,120

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Densis Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 28 March 2025

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Oracle Precision Limited | 85 Great Portland Street First Floor London W1W 7LT England | Ordinary A shares | 100% | 100%

Subsidiary undertakings
Oracle Precision Limited The principal activity of Oracle Precision Limited is specialist engineering.

6 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 68,239 | 87,063
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 8 | 31,477 | 53,146
Prepayments |  | 21,058 | -
|  | 120,774 | 140,209

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 3,600 | -
Taxation and social security |  | 10,607 | 12,344
Corporation tax |  | 44,758 | 30,225
Accrued expenses |  | 3,005 | 3,000
|  | 61,970 | 45,569

Creditors include net obligations under hire purchase contracts which are secured upon the asset to which the contract relates.

Densis Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 28 March 2025

8 | Related party transactions

Loans to related parties

2025 | Subsidiary £ | Key management £ | Total £
At start of period | 31,870 | 21,276 | 53,146
Repaid | (3,315) | (18,354) | (21,669)
At end of period | 28,555 | 2,922 | 31,477

2024 | Subsidiary £ | Key management £ | Total £
At start of period | 41,145 | 19,814 | 60,959
Advanced | - | 38,462 | 38,462
Repaid | (9,275) | (37,000) | (46,275)
At end of period | 31,870 | 21,276 | 53,146

Terms of loans to related parties

There are no repayment terms and interest is not charged on the loan to the subsidiary. Key management includes the company directors.

9 | Non adjusting events after the financial period

On 28 March 2025 Kaleidex Limited acquired the entire issued share capital of Densis Limited via a share purchase agreement. Densis Limited is the parent company of Oracle Precision Limited.