Verified Identity UK Limited

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

Registered number: 14540414

		31 December 2024		31 December 2023
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	609		-
Cash at bank and in hand		104,742		70,895

		105,351		70,895
Creditors: Amounts Falling Due Within One Year	5	(333,458 )		(183,174 )

NET CURRENT ASSETS (LIABILITIES)			(228,107 )		(112,279 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(228,107 )		(112,279 )

NET LIABILITIES			(228,107 )		(112,279 )

CAPITAL AND RESERVES
Called up share capital	6		1		1
Profit and Loss Account			(228,108 )		(112,280 )

SHAREHOLDERS' FUNDS			(228,107)		(112,279)

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 Gajendran Kandasamy

Director

16/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Verified Identity UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14540414 . The registered office is 1 Chapel Street, Warwick, CV34 4HL.

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.

2.2. Going Concern Disclosure

Though the Company is operating at a loss, the Directors have a reasonable expectation that the Company will continue to have access to adequate resources to continue in operational existence for the foreseeable future. The Directors have considered a letter of support from its immediate parent company stating that they will support the Company should it not be in a position to meet any repayment obligations. Thus, the Directors continue to adopt the going concern basis in preparing the annual financial statements.

2.3. Significant judgements and estimations

The preparation of the financial statements requires management to make judgements, estimates, and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.

2.4. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.5. 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.

2.6. Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

2.7. Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2.8. Share Capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2.9. Disclosure of long or short period

The company was incorporated on 14 December 2022. The comparative period is therefore for the long period from 14 December 2022 to 31 December 2023.

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Verified Identity UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 1 (2023: 1)

4. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Other taxes and social security	609	-

5. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Other taxes and social security	-	4,362
Other creditors	677	616
Accruals and deferred income	21,371	16,786
Amounts owed to group undertakings	311,410	161,410

	333,458	183,174

6. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	1	1

7. Dividends

No dividends were proposed or paid during thecurrent or prior period.

8. Related Party Transactions

The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of Section 33. 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” not to disclose transactions with entities that are wholly owned members of the group.

9. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Digitial Identity PTE Ltd , incorporated in Singapore. Copies of the group accounts may be obtained from the secretary, 80 Robinson Road, Singapore 06698 . The ultimate controlling party is Digitial Identity PTE Ltd who controls 100% of the shares of Verified Identity UK Limited .

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