Company No: 10951682 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Saurav Adhikari
	Akshaya Bhargava
	Bruce Alan Keith

REGISTERED OFFICE	34 Grove End Road
	London
	NW8 9LJ
	United Kingdom

COMPANY NUMBER

10951682 (England and Wales)

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	52		652
Investments	5	35		21,120
		87		21,772
Current assets
Debtors	6	82,542		1,311,824
Cash at bank and in hand		38,111		72,067
		120,653		1,383,891
Creditors: amounts falling due within one year	7	( 42,928)		( 237,539)
Net current assets		77,725		1,146,352
Total assets less current liabilities		77,812		1,168,124
Creditors: amounts falling due after more than one year	8	0		( 357,789)
Net assets		77,812		810,335
Capital and reserves
Called-up share capital	9	244,474		229,813
Share premium account		9,018,690		8,155,562
Other reserves		38,295		56,393
Profit and loss account		( 9,223,647 )		( 7,631,433 )
Total shareholders' funds		77,812		810,335

For the financial 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.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Bridgeweave Limited (registered number: 10951682) were approved and authorised for issue by the Board of Directors on 12 September 2025. They were signed on its behalf by:

Akshaya Bhargava Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bridgeweave Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 34 Grove End Road, London, NW8 9LJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing at the reporting period date.

Turnover

Turnover comprises the fair value of the consideration received or receivable for app sales and platform fees. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Computer equipment

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Cash and cash equivalents

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

Financial instruments

Basic financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, like trade and other debtors and trade and other creditors and loans from banks and third parties.

Debt instruments that are payable or receivable within one year, typically trade debtors or creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received.

Other financial instruments

Debt instruments are measure intitialy at and subsequently at their fair value and any change in fair value is recognised through the profit and loss account. Where the fair value cannot be reliably measured the liability is carried at cost less impairment until a reliable measure of fair value becomes available.

Investments
Investments in subsidiaries are held at cost less impairment.

The company is exempt from the requirement to prepare group accounts under section 399 of the Companies Act 2006 as the group is subject to the small companies regime.

Ordinary 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.

Research and development costs

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	3		3

3. Share-based payments

Equity-settled share-based payment schemes

The company has a share option scheme for all employees.

Options are exercisable at a price equal to the estimated fair value of the company’s shares on the date of grant. The vesting period is three years. If the options remain unexercised after a period of five years from the date of grant the options expire. Options are forfeited if the employee leaves the company before the options vest.

Details of the share options outstanding during the financial year are as follows:

	2024			2023
	Weighted Average			Weighted Average
	Number of share options	Average exercise price (£)		Number of share options	Average exercise price (£)
Outstanding at beginning of period	5,745,067	0.16		4,700,750	0.15
Granted during the period	0	0		1,352,500	0.17
Forfeited during the period	( 3,208,333)	0.17		( 308,183)	0.17
Outstanding at the end of the period	2,536,734	0.14		5,745,067	0.16
Exercisable at the end of the period	0	0		0	0

The total expense recognised in the profit or loss for the year was £(18,099) (2023 - £(10,739)).

4. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 January 2024	9,903		9,903
At 31 December 2024	9,903		9,903
Accumulated depreciation
At 01 January 2024	9,251		9,251
Charge for the financial year	600		600
At 31 December 2024	9,851		9,851
Net book value
At 31 December 2024	52		52
At 31 December 2023	652		652

5. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	21,120
Additions	20,999,666
Disposals	( 21,110)
At 31 December 2024	20,999,676
Carrying value at 31 December 2024	35
Carrying value at 31 December 2023	21,120

The investment in Bridgeweave NG LLP was disposed of during the year.

Investments in shares

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:

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.12.2024	Ownership 31.12.2023
Investor Ai Technologies India Private Limited (formerly Bridgeweave India Private Limited)	363, 8th Main, 3rd Block, Koramangala, Bangalore South, Bangalore, Karnataka, India - 560034	Activities auxiliary to financial service activities	Ordinary	60.14%	100.00%

6. Debtors

	2024		2023
	£		£
Trade debtors	45,095		5,550
Amounts owed by group undertakings	0		316,146
Prepayments and accrued income	458		925
Deferred tax asset	0		763,543
VAT recoverable	13,017		23,935
Corporation tax	0		200,633
Other debtors	23,972		1,092
	82,542		1,311,824

The deferred tax asset was calculated on the unrelieved trading losses using the tax rates and laws at which it was anticipated to be unwound in the future. The deferred tax asset has been written off during the year as the company has ceased its main trading operation.

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	3,600		149,493
Other creditors	39,328		88,046
	42,928		237,539

8. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Other creditors	0		357,789

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
12,203,514 Ordinary Shares shares of £ 0.01 each (2023: 2,203,514 shares of £ 0.01 each)	122,035		22,035
11,287,862 Ordinary A Shares shares of £ 0.01 each (2023: 10,777,761 shares of £ 0.01 each)	112,878		107,778
956,058 Ordinary B Shares shares of £ 0.01 each (2023: nil shares)	9,560		0
Nil Founder Shares ordinary shares (2023: 10,000,000 shares of £ 0.01 each)	0		100,000
	244,473		229,813

In the financial year 2024 class Ordinary B Shares shares were allotted with an aggregate nominal value of £9,561, and share premium of £510,439.

In 2024 Warrants with a fair value of £357,789 were converted into ordinary A shares which were allotted with an aggregate nominal value of £5,101, and share premium of £352,688.

In 2024 the Founder Shares were converted to ordinary shares.