REGISTERED NUMBER: 06271482 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

SD Software Developers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

A F Odegbaro

REGISTERED OFFICE:

Suite 3446, Unit 3a

34-35 Hatton Garden

London

EC1 N8DX

REGISTERED NUMBER:

06271482 (England and Wales)

ACCOUNTANTS:

Colin Hoare Accountancy Services Ltd

10 The Green

Cheddington

Buckinghamshire

LU7 0RJ

FIXED ASSETS

Intangible assets

4

-

359,547

Tangible assets

5

-

-

-

359,547

CURRENT ASSETS

Debtors

6

1,534,473

1,555,585

Cash at bank

8,920

29

1,543,393

1,555,614

CREDITORS

Amounts falling due within one year

7

122,150

174,244

NET CURRENT ASSETS

1,421,243

1,381,370

TOTAL ASSETS LESS CURRENT LIABILITIES

1,421,243

1,740,917

CREDITORS

Amounts falling due after more than one year

8

4,583

17,665

NET ASSETS

1,416,660

1,723,252

CAPITAL AND RESERVES

Called up share capital

9

753,001

753,001

Retained earnings

663,659

970,251

SHAREHOLDERS' FUNDS

1,416,660

1,723,252

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 director acknowledges his 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 director and authorised for issue on 29 September 2025 and were signed by:

A F Odegbaro - Director

1.	STATUTORY INFORMATION

SD Software Developers 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.	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.

Turnover

Turnover represents amounts receivable for goods and services net of vat and trade discounts.

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 seven years.

Development expenditure

An intangible asset arising from the development of software is recognised only if the following conditions are met:

It is probable that the asset will create future economic benefit;

The development costs can be measured reliably;

The technical feasibility of completing the intangible asset can be demonstrated;

There is the intention to complete the asset and use or sell it;

There is the ability to use or sell the asset and;

Adequate technical, financial and other resources to complete the development and to use or sell the asset are available.

Where an intangible asset cannot be recognised, development expenditure is charged to the profit and loss account in the period in which it is incurred.

Where an asset is capitalised amortisation is provided at rates calculated to write off the cost less estimated residual value of each asset over it's expected useful life being 7 years.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on 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.

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 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

5,260,250

Disposals

(5,260,250

)

At 31 December 2024

-

AMORTISATION

At 1 January 2024

4,900,703

Charge for year

359,547

Eliminated on disposal

(5,260,250

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

359,547

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

1,767

DEPRECIATION

At 1 January 2024

and 31 December 2024

1,767

NET BOOK VALUE

At 31 December 2024

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,534,473

1,555,585

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,199

86,293

Trade creditors

19,092

4,606

Taxation and social security

1,594

17,948

Other creditors

91,265

65,397

122,150

174,244

Included within other creditors is deferred income of £54,903 (2023 £53,279).

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

4,583

17,665

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

753,001

ordinary Shares

£1

753,001

753,001

10.	RELATED PARTY DISCLOSURES

SDSD Holdings Ltd

This company is the immediate holding company.

The following Companies are related by common control:

SDSD Labs EOOD

SDSD Pte Ltd

SDSD labs sdn bhd

SDSD Prestige Ltd

At the year end these companies owed SD Software Developer Ltd £1,499,156 (2023 £1,427,788) in aggregate.

During the year:

The company was charged £204,409 (2023 £162,469) for services supplied by the related parties.

and

SD Software Developers Ltd invoiced them £200,000 (2023 £238,391).

11.	ULTIMATE CONTROLLING PARTY

The controlling party is A F Odegbaro.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SD Software Developers Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of SD Software Developers Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SD Software Developers Limited and state those matters that we have agreed to state to the director of SD Software Developers Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SD Software Developers Limited and its director for our work or for this report.

It is your duty to ensure that SD Software Developers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of SD Software Developers Limited. You consider that SD Software Developers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SD Software Developers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Colin Hoare Accountancy Services Ltd

10 The Green

Cheddington

Buckinghamshire

LU7 0RJ

29 September 2025