Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 July 2025

And signed on behalf of the board by:
Name: Jean-Bernard Moens
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2024

Balance sheet

As at 31 December 2024

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  The turnover shown in the statement of comprehensive income represents amounts receivable from the ultimate parent undertaking during the year for the provision of services exclusive of Value Added Tax. Turnover is calculated as the attributable costs of the services provided plus a mark-up in accordance with an intercompany agreement between the company and its ultimate parent company, Omio Corp.

  Tangible fixed assets depreciation policy

  the asset capable of operating as intended by management. Depreciation is provided on all tangible fixed assets, at ssets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic bases over their expected useful lives. Leasehold Improvements - depreciated on a straight-line basis over 2-3 years. IT equipment - depreciated on a straight-line basis over 2-3 years.

  Other accounting policies

  Financial Instruments: The company applies the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102. Financial instruments are recognized when the company becomes a party to the contractual provisions of the instrument. Financial assets and liabilities are offset when there is a legally enforceable right to do so and an intention to settle on a net basis or to realize the asset and settle the liability simultaneously. Basic Financial Assets: These include amounts owed by fellow group companies, other debtors, and cash and bank balances. They are initially measured at transaction price including transaction costs and subsequently carried at amortised cost using the effective interest method, unless the arrangement is a financing transaction, in which case they are measured at the present value of future receipts discounted at a market rate of interest. Classification of Financial Liabilities: Financial liabilities and equity instruments are classified based on the substance of the contractual arrangements. An equity instrument indicates a residual interest in the company's assets after deducting all liabilities. Basic Financial Liabilities: This category includes trade and other creditors and balances with fellow group companies. They are initially recognized at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost using the effective interest rate method. Equity Instruments: Equity instruments issued by the company are recorded at the fair value of proceeds received, net of transaction costs. Taxation: The tax expense comprises the current tax expense based on taxable profit for the year and any changes in deferred taxes. Current tax assets and liabilities are measured using enacted or substantively enacted tax rates. Deferred tax is recognized for temporary differences between carrying amounts of assets and liabilities in the financial statements and their tax bases, using the balance sheet liability method. Deferred tax liabilities are generally recognized for all taxable temporary differences, while deferred tax assets are recognized when it is probable that taxable profits will be available for utilization. The carrying amount of deferred tax assets is reviewed at each reporting date. Deferred tax is calculated at expected applicable tax rates and charged or credited in the income statement, or in equity if it relates to items charged or credited directly to equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax and the deferred tax relates to taxes levied by the same tax authority. Employee Benefits: Short-term employee benefits are recognized as a liability and an expense, unless they are required to be recognized as part of the cost of stock or fixed assets. Unused holiday entitlement costs are recognized in the period in which the employee's services are received. Retirement Benefits: For defined contribution schemes, the amount charged to profit or loss is the contributions payable in the year. Differences between contributions payable and actually paid are shown as accruals or prepayments. Foreign Exchange: Transactions in foreign currencies are initially recorded at the exchange rate on the transaction date. Monetary assets and liabilities in foreign currencies are translated at the exchange rate ruling at the reporting date. Non-monetary assets and liabilities in foreign currencies are translated at the rate ruling on the transaction date, or at the fair value determination date if measured at fair value. All translation differences are taken to profit or loss, unless they relate to gains or losses on non-monetary items recognized in other comprehensive income, in which case the related translation gain or loss is also recognized in other comprehensive income.

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 2. Employees

  	2024	2023
  Average number of employees during the period	22	23