REGISTERED NUMBER: 04676798 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Enterprise Nation Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr T A Guthrie

Mr A A A Asadi

REGISTERED OFFICE:

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

REGISTERED NUMBER:

04676798 (England and Wales)

AUDITORS:

WP Audit Limited

Statutory Auditors

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

FIXED ASSETS

Intangible assets

4

1,348,779

1,286,250

Tangible assets

5

20,793

24,251

Investments

6

100

100

1,369,672

1,310,601

CURRENT ASSETS

Debtors

7

3,193,431

2,746,111

Cash at bank

850,363

1,187,756

4,043,794

3,933,867

CREDITORS

Amounts falling due within one year

8

(880,704

)

(845,745

)

NET CURRENT ASSETS

3,163,090

3,088,122

TOTAL ASSETS LESS CURRENT LIABILITIES

4,532,762

4,398,723

PROVISIONS FOR LIABILITIES

(5,198

)

-

NET ASSETS

4,527,564

4,398,723

CAPITAL AND RESERVES

Called up share capital

3

3

Share premium

406,459

406,459

Retained earnings

4,121,102

3,992,261

4,527,564

4,398,723

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 23 September 2025 and were signed on its behalf by:

Mr A A A Asadi - Director

1.	STATUTORY INFORMATION

Enterprise Nation Ltd 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

Significant judgements and estimates

In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

Taxation

Taxation for the year 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate

future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred.

Intangible assets are recognised from the development phase of a project if and only if certain

specific criteria are met in order to demonstrate the asset will generate probable future economic benefits

and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to

the profit and loss account on a straight line basis over their expected useful economic lives.

If it is not possible to distinguish between the research phase and the development phase of an internal

project the expenditure is treated as if it were all incurred in the research phase only.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 39 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

3,098,354

Additions

834,717

At 31 December 2024

3,933,071

AMORTISATION

At 1 January 2024

1,812,104

Charge for year

772,188

At 31 December 2024

2,584,292

NET BOOK VALUE

At 31 December 2024

1,348,779

At 31 December 2023

1,286,250

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

79,419

Additions

11,595

Disposals

(32,717

)

At 31 December 2024

58,297

DEPRECIATION

At 1 January 2024

55,168

Charge for year

15,053

Eliminated on disposal

(32,717

)

At 31 December 2024

37,504

NET BOOK VALUE

At 31 December 2024

20,793

At 31 December 2023

24,251

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

7.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

583,105

665,463

Amounts owed by group undertakings

1,808,450

1,730,000

Other debtors

716,177

350,648

3,107,732

2,746,111

31.12.24

31.12.23

£

£

Amounts falling due after more than one year:

Other debtors

85,699

-

Aggregate amounts

3,193,431

2,746,111

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

82,863

100,537

Amounts owed to group undertakings

-

55,030

Taxation and social security

179,340

174,930

Other creditors

618,501

515,248

880,704

845,745

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

52,488

12,496

Between one and five years

13,122

-

65,610

12,496

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philippa Duckworth BSc FCCA (Senior Statutory Auditor)

for and on behalf of WP Audit Limited

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Sylva, Inc. (incorporated n United States), its registered office is 228 Park Avenue South, New York, United States, NY 10022

Copies of the group accounts may be obtained from the company's registered office.