REGISTERED NUMBER: 05314139 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

INTERICA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

D K Mckay

Secretary:

S J Tidemann

Registered office:

Unit 5 Swan Business Park

Sandpit Road

Dartford

kent

DA1 5ED

Registered number:

05314139 (England and Wales)

Auditors:

S&W Audit

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Fixed assets

Intangible assets

5

182,356

234,530

Tangible assets

6

39,407

50,843

Investments

7

1,001

1,001

222,764

286,374

Current assets

Debtors

8

4,454,809

6,755,152

Cash at bank and in hand

617,739

486,676

5,072,548

7,241,828

Creditors

Amounts falling due within one year

9

1,143,630

1,042,132

Net current assets

3,928,918

6,199,696

Total assets less current liabilities

4,151,682

6,486,070

Capital and reserves

Called up share capital

10

1,250

1,250

Share premium

56,569

56,569

Retained earnings

4,093,863

6,428,251

Shareholders' funds

4,151,682

6,486,070

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

D K Mckay - Director

1.	Statutory information

Interica Limited 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.	Statement of compliance

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" and the Companies Act 2006, including provisions of section 1A Small entities.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Interica Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Turnover

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

Turnover relates to software, maintenance and the provision of data services. Turnover in respect of contracts for ongoing services represents the fair value of work done during the year, including estimates of amounts not invoiced at the year-end. Turnover for ongoing services is recognised by reference to the stage of completion of each contract.

Commission is recognised at the point of sale, when the entity is entitled to the fee.

Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software 7 years straight line

Patents 6.9% straight line

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements Over period of lease

Fixtures, fittings and equipment 20% straight line

IT equipment 20% - 33.3% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any

accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and

operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents

Cash and cash equivalents are basic financial instruments and include cash in hand.

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 when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, loans to fellow group companies and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

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.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

Retirement benefits

For defined contribution schemes the amount charged to profit or loss is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either other creditors or other debtors.

Other income

Other income is recognised on an accruals basis.

Foreign exchange

Transactions in currencies other than the functional currency (foreign currency) are initially recorded at the exchange rate prevailing on the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the reporting date.

All translation differences are taken to profit or loss.

4.	Employees and directors

The average number of employees during the year was 16 (2023 - 23 ) .

5.	Intangible fixed assets

Other

intangible

assets

£

Cost

At 1 January 2024

and 31 December 2024

360,865

Amortisation

At 1 January 2024

126,335

Charge for year

52,174

At 31 December 2024

178,509

Net book value

At 31 December 2024

182,356

At 31 December 2023

234,530

6.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 January 2024

430,499

Additions

2,782

Disposals

(160,234

)

At 31 December 2024

273,047

Depreciation

At 1 January 2024

379,656

Charge for year

14,212

Eliminated on disposal

(160,228

)

At 31 December 2024

233,640

Net book value

At 31 December 2024

39,407

At 31 December 2023

50,843

7.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 January 2024

and 31 December 2024

1,001

Net book value

At 31 December 2024

1,001

At 31 December 2023

1,001

8.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

611,819

759,328

Amounts owed by group undertakings

3,504,044

5,811,092

Other debtors

338,946

184,732

4,454,809

6,755,152

9.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

52,076

115,125

Amounts owed to group undertakings

92,115

-

Taxation and social security

69,156

32,835

Other creditors

930,283

894,172

1,143,630

1,042,132

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,250

Ordinary

£1

1,250

1,250

11.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Antony Sassen (Senior Statutory Auditor)

for and on behalf of S&W Audit

12.	Contingent liabilities

Interica Limited is party to a performance bond with Kuwait Oil company for KWD 146,394 (£372,848).

Interica Ltd is party to a guarantee with its subsidiary, Infoasset Limited, for £175,000.

13.	Ultimate controlling party

The ultimate parent company and controlling party is Constellation Software Inc, a company incorporated in Canada and listed on the Toronto Stock Exchange. The smallest and largest consolidated accounts which include Datamine Corporate Limited are the Constellation Software Inc. group accounts.

The consolidated accounts of Constellation Software Inc are available to the public and may be obtained from Constellation Software Inc. 1200-20 Adelaide Street, East Toronto, ON M5C 2T6, Canada.