Registration number: 05675353

Gaiasoft International Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 10

Gaiasoft International Limited

Company Information

Directors

Mr C M Fourman Mr D F Reid

Company secretary

Mr D F Reid

Registered office

78 York Street London W1H 1DP

Accountants

Hargreaves Brown & Benson Chartered Accountants 1 Bond Street Colne Lancashire BB8 9DG

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Gaiasoft International Limited
for the Period Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gaiasoft International Limited for the period ended 30 June 2024 as set out on pages 3 to 10 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Gaiasoft International Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Gaiasoft International Limited and state those matters that we have agreed to state to the Board of Directors of Gaiasoft International Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gaiasoft International Limited and its Board of Directors as a body for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the accounts of Gaiasoft International 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 accounts.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

30 September 2025

Gaiasoft International Limited

(Registration number: 05675353)
Balance Sheet as at 30 June 2024

	Note	2024 £	2022 £
Fixed assets
Intangible assets	4	1,034,027	1,009,141
Current assets
Stocks	6	398,441	431,526
Debtors	7	368,867	659,203
Cash at bank and in hand		653	11,428
		767,961	1,102,157
Creditors: Amounts falling due within one year	8	(196,549)	(209,508)
Net current assets		571,412	892,649
Total assets less current liabilities		1,605,439	1,901,790
Creditors: Amounts falling due after more than one year	8	(276,873)	(215,790)
Net assets		1,328,566	1,686,000
Capital and reserves
Called up share capital		100	100
Share premium reserve		10,000	10,000
Retained earnings		1,318,466	1,675,900
Shareholders' funds		1,328,566	1,686,000

Gaiasoft International Limited

(Registration number: 05675353)
Balance Sheet as at 30 June 2024

For the financial period ending 30 June 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 accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... Mr D F Reid Company secretary and director

Gaiasoft International Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 June 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
78 York Street
London
W1H 1DP
United Kingdom

These financial statements were authorised for issue by the Board on 30 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded 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 on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet 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

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Gaiasoft International Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 June 2024

Asset class	Depreciation method and rate
Office equipment	20% reducing balance basis

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Development costs	20% straight line basis

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.

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 receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

Borrowings

Gaiasoft International Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 June 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period was 2 (2022 - 3).

Gaiasoft International Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 June 2024

4	Intangible assets

	Development costs  £	Total £
Cost or valuation
At 1 January 2023	2,374,723	2,374,723
Additions acquired separately	24,886	24,886
At 30 June 2024	2,399,609	2,399,609
Amortisation
At 1 January 2023	1,365,582	1,365,582
At 30 June 2024	1,365,582	1,365,582
Carrying amount
At 30 June 2024	1,034,027	1,034,027
At 31 December 2022	1,009,141	1,009,141

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2023	3,148	3,148
At 30 June 2024	3,148	3,148
Depreciation
At 1 January 2023	3,148	3,148
At 30 June 2024	3,148	3,148
Carrying amount
At 30 June 2024	-	-

6

Stocks

	2024 £	2022 £
Work in progress	398,441	431,526

Gaiasoft International Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 June 2024

7

Debtors

	2024 £	2022 £
Trade debtors	347,237	524,294
Prepayments	-	29,243
Other debtors	21,630	105,666
	368,867	659,203

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2022 £
Due within one year
Loans and borrowings	9	7,124	-
Trade creditors		62,585	38,976
Amounts owed to group undertakings and undertakings in which the company has a participating interest		14,876	14,491
Taxation and social security		2,807	-
Accruals and deferred income		5,900	6,150
Other creditors		103,257	149,891
		196,549	209,508

Creditors: amounts falling due after more than one year

	Note	2024 £	2022 £
Due after one year
Loans and borrowings	9	133,051	215,790
Other non-current financial liabilities		143,822	-
		276,873	215,790

Gaiasoft International Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 June 2024

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2022 £
Bank borrowings	90,887	212,075
Other borrowings	42,164	3,715
	133,051	215,790

Current loans and borrowings

	2024 £	2022 £
Bank overdrafts	7,124	-

10	Parent and ultimate parent undertaking

The company's immediate parent is Gaiasoft Group Limited, incorporated in England and Wales.