TransparentChoice Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08423803

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,330		5,324

			2,330		5,324
CURRENT ASSETS
Debtors	5	10,630		68,532
Cash at bank and in hand		92,048		301,019

		102,678		369,551
Creditors: Amounts Falling Due Within One Year	6	(221,385 )		(381,920 )

NET CURRENT ASSETS (LIABILITIES)			(118,707 )		(12,369 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(116,377 )		(7,045 )

Creditors: Amounts Falling Due After More Than One Year	7		(1,700 )		(5,142 )

NET LIABILITIES			(118,077 )		(12,187 )

CAPITAL AND RESERVES
Called up share capital	9		141		141
Share premium account			149,948		149,948
Capital redemption reserve			6,200		6,200
Other reserves			77,483		76,996
Profit and Loss Account			(351,849 )		(245,472 )

SHAREHOLDERS' FUNDS			(118,077)		(12,187)

Page 1

Page 2

TransparentChoice Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Stuart Easton

Director

23 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

TransparentChoice Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08423803 . The registered office is Ketton Suite, The King Centre Main Road, Barleythorpe, Oakham, Rutland, LE15 7WD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

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 £.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. Therefore the financial statements have been prepared on a going concern basis which assumes the Company will continue in operational existence for the foreseeable future.

The Company is involved in research and development activities and is working towards achieving a sustainable revenue generating activity. The directors have considered the basis of the financial statements and are satisfied that a combination of business growth and further investment commitments will enable the Company to meet its liabilities as they fall due.

2.3. Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

Straight line over 3 years

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price including transaction costs.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.

Page 3

Page 4

TransparentChoice Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the profit / loss before taxation.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Share based payments

The company operates an equity-settled, share-based compensation plan, under which the entity received services from employees as consideration for equity instruments (options) of the entity. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The estimated fair value of the option granted is calculated using the Black Scholes option pricing model. The total amount expensed is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.

The proceeds received net of any directly attributable transaction costs are credited to share capital (nominal value) and share premium when the options are exercised.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 3)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	11,752

As at 31 December 2024	11,752

Depreciation
As at 1 January 2024	6,428
Provided during the period	2,994

As at 31 December 2024	9,422

Net Book Value
As at 31 December 2024	2,330

As at 1 January 2024	5,324

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	5,194	51,056
Prepayments and accrued income	3,317	2,573
Other debtors	772	10,030
VAT	1,347	4,713
Directors' loan accounts	-	160

	10,630	68,532

Page 4

Page 5

TransparentChoice Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1,161	11,161
Bank loans and overdrafts	3,621	3,621
Other taxes and social security	-	7,332
Other creditors	833	108
Accruals and deferred income	215,770	359,698

	221,385	381,920

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	1,700	5,142

8. Loans

An analysis of the maturity of loans is given below:

	2024	2023
	£	£
Amounts falling due within one year or on demand:
Bank loans	3,621	3,621

	2024	2023
	£	£
Amounts falling due between one and five years:
Bank loans	1,700	5,142

9. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
28,202 Ordinary Shares of £ 0.005 each	141	141

Page 5