ACCOUNTS - Final Accounts

Registered number: 12968279

Wise Robotics (UK) Limited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2024

Wise Robotics (UK) Limited

Registered number: 12968279

Balance sheet

As at 31 December 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		-		-
			-		-
Current assets
Debtors: amounts falling due within one year	5	-		56,214
Cash at bank and in hand	6	100		144,075
		100		200,289
Creditors: amounts falling due within one year	7	-		(57,993)
Net current assets			100		142,296
Total assets less current liabilities			100		142,296

Net assets			100		142,296

Capital and reserves
Called up share capital	100	100
Profit and loss account	-	142,196
	100	142,296

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

P Smolinski

Director

Date: 18 September 2025

The notes on pages 2 to 7 form part of these financial statements.

Page 1

Wise Robotics (UK) Limited

Notes to the financial statements

For the year ended 31 December 2024

1.	General information

Wise Robotics (UK) Limited is a private company limited by share capital incorporated in England and Wales.
The address of its registered office and principal place of business is:
Newton Court
Saxilby Enterprise Park
Skellingthorpe Road
Saxilby
Lincoln
England
LN1 2LR

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The company became dormant during the year and is expected to remain so for the foreseeable future and it has no liabilities or trading activities. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

Wise Robotics (UK) Limited

Notes to the financial statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.4

Revenue

Revenue was recognised at the transaction price being the amount of consideration to which the Company expected to be entitled for services provided in the normal course of business during the period. Revenue is shown net of value added tax, discounts and refunds given.
Turnover was recognised upon transfer of control of the promised product and/or services to customers. The Company entered into contracts, which could have include combinations of services, support fees and other professional services.
The Company generated revenue principally through the supply of:
- Hardware – consisted of robotics sales. Revenue was recognised when the Company fulfilled its contractual obligations and the risks and rewards attached to the product and service had been transferred to the customer.
- Supporting services – provision of customer support services. Revenues were recognised over time on a straight-line basis over the contractual period.
- Other professional services – consisted primarily of consultancy, implementation services and training. Revenue from these services was recognised as the services were performed by the Company’s staff.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 3

Wise Robotics (UK) Limited

Notes to the financial statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery	-	20%	straight line
Fixtures and fittings	-	20%	straight line
Computer equipment	-	20%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

Wise Robotics (UK) Limited

Notes to the financial statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic 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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 5

Wise Robotics (UK) Limited

Notes to the financial statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

4.	Tangible fixed assets

	Plant and machinery	Fixtures and fittings	Computer equipment	Total
	£	£	£	£

At 1 January 2024	131,082	157	2,786	134,025
Disposals	(131,082)	(157)	(2,786)	(134,025)
At 31 December 2024	-	-	-	-

At 1 January 2024	131,082	157	2,786	134,025
Disposals	(131,082)	(157)	(2,786)	(134,025)
At 31 December 2024	-	-	-	-
Net book value
At 31 December 2024	-	-	-	-
At 31 December 2023	-	-	-	-

Debtors

					2024	2023
					£	£


Other debtors	-	56,214
	-	56,214

Page 6

Wise Robotics (UK) Limited

Notes to the financial statements

For the year ended 31 December 2024

6.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	100	144,075
	100	144,075

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	-	24,989
Other taxation and social security	-	22,454
Accruals and deferred income	-	10,550
	-	57,993

8.	Related party transactions
	The Company has taken advantage of the exemption in FRS 102 paragraph 33.1A from disclosing transactions with other members of the group.

9.	Controlling party

The Company's immediate parent is Forterro UK Limited, incorporated in the UK.
The registered office address of Forterro UK Limited is:
2nd Floor 25 Golden Square, London, United Kingdom, W1F 9LU
The ultimate parent undertaking is Partners Group Access 269 L.P, incorporated in Scotland.

10.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 19 September 2025 by Simon Webber (BA Hons, DChA, FCA) (Senior statutory auditor) on behalf of Kreston Reeves LLP.

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