REGISTERED NUMBER: 05518393 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Align-Alytics Holdings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Whant

P C Mosimann

R Mosimann

SECRETARY:

S M Whant

REGISTERED OFFICE:

Canvas Offices

Suite 2.04

175 High Holborn

London

W1CV 7AA

REGISTERED NUMBER:

05518393 (England and Wales)

ACCOUNTANTS:

City, Chartered Accountants

Suite 540, 5th Floor,

Linen Hall

162- 168 Regent Street

London

W1B 5TF

FIXED ASSETS

Intangible assets

4

-

-

Investments

5

1,787,978

8,133,587

1,787,978

8,133,587

CURRENT ASSETS

Debtors

6

50,523

43,195

Cash at bank

1,103

223

51,626

43,418

CREDITORS

Amounts falling due within one year

7

(1,363,995

)

(1,250,288

)

NET CURRENT LIABILITIES

(1,312,369

)

(1,206,870

)

TOTAL ASSETS LESS CURRENT LIABILITIES

475,609

6,926,717

CREDITORS

Amounts falling due after more than one year

8

(309,617

)

(298,617

)

NET ASSETS

165,992

6,628,100

CAPITAL AND RESERVES

Called up share capital

70

70

Share premium

24

24

Revaluation reserve

9

950,389

7,295,998

Capital redemption reserve

27

27

Retained earnings

(784,518

)

(668,019

)

165,992

6,628,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 26 September 2025 and were signed on its behalf by:

S M Whant - Director

1.	STATUTORY INFORMATION

Align-Alytics Holdings 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.

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 as modified by the revaluation of certain assets.

Turnover

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

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Investments in subsidiaries

Fixed asset investments are valued at market value where a market value can be determined by a new share issue. Otherwise the investment is shown at cost.

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

Expenditure on research and development is written off in the year in which it is incurred.

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.

Going concern basis

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Licences and patents

Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated expected useful economic life of the patents of 5 years.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

2,439,024

AMORTISATION

At 1 January 2024

and 31 December 2024

2,439,024

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

Intangible assets are carried at revalued amounts but are now full amortised.

The fair value of the company's Patents were revalued on 1 October 2016. An independent valuer was not involved.

The directors revalued the Intellectual Property rights at £2,439,024 on the basis of estimated future earnings attributable. These have now been written off in full over a period of five years since acquisition in December 2014.

Had this class of asset been measured on an historical cost basis, their minimum value would have been £1,914,715 (2023: £1,914,715).

5.	FIXED ASSET INVESTMENTS

Cost

Investments in group undertakings

Investments in participating interests

Total

£

£

£

At 01 January 2023

39

837,550

837,589

Revaluations brought forward

0

7,295,998

7,295,998

39

8,133,548

8,133,587

Devaluation at 31.12.2024

-6,345,609

-6,345,609

Balance at 31.12.2024

39

1,787,939

1,787,978

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:

Subsidiary undertakings

Undertakings

Registered Office

Principal Activity

Holding

Votes and 2024

shares held 2023

Business Intelligence International, Inc

1055 Westlakes Drive, Suite 330, Berwyn, PA19312, USA

Management consultancy and software

Common stock

100%

100%

Align-Alytics UK Ltd

LABS, Hogarth House High Holborn, LondonWC1V 6PX, England

Management consultancy

Ordinary shares

100%

100%

Participating interest

Undertakings

Correlaction - BV

De Els 14, RK Dongen Netherlands

Management software and consultancy

Ordinary A, B & C

35.51%

35.51%

The A shares are non-voting shares. The overall share of equity at the year end was 45.98% (2023: 45.98%)

The company holds shares in Correlaction BV, a company registered in Netherlands. Due to a prolonged and significant decrease in the investee's profitability, the directors valued the shares at a fair market value at the year end. The investment has been written down by £6,345,609 to reflect the fair value of Correlaction BV.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

3,001

-

Amounts owed by participating interests

4,904

-

Other debtors

42,618

43,195

50,523

43,195

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

-

7,879

Amounts owed to group undertakings

1,346,886

1,080,487

Amounts owed to participating interests

13,109

6,882

Taxation and social security

-

155,040

Other creditors

4,000

-

1,363,995

1,250,288

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

309,617

298,617

9.

RESERVES

Revaluation

reserve

£

At 1 January 2024

7,295,998

Devaluation of Joint Ventures

(6,345,609

)

At 31 December 2024

950,389

10.	RELATED PARTY DISCLOSURES

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.

During the year the company entered into the following transactions with related parties:

Transaction value

Balance owed by/(owed to

)

2024

2023

2024

2023

£

£

£

£

Correlaction-BV

-

5,202

(13,211

)

11.	OTHER CREDITORS DUE AFTER MORE THAN ONE YEAR

Included in Other Creditors due after more than one year is an unsecured loan of £200,000 from PMSI Pty. The interest rate is 5.5% per annum.