REGISTERED NUMBER: 10619895 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SUPERCHARGE LONDON LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Homoki-Farkas

A Tessenyi

REGISTERED OFFICE:

Second Floor

2-4 Rufus Street

London

N1 6PE

REGISTERED NUMBER:

10619895 (England and Wales)

AUDITORS:

Jamieson Stone LLP

Windsor House

40/41 Great Castle Street

London

W1W 8LU

FIXED ASSETS

Intangible assets

4

469,086

-

Tangible assets

5

55,419

96,336

Investments

6

454,445

-

978,950

96,336

CURRENT ASSETS

Debtors

7

1,568,126

926,511

Cash at bank

1,280,648

983,607

2,848,774

1,910,118

CREDITORS

Amounts falling due within one year

8

(2,944,100

)

(1,445,144

)

NET CURRENT (LIABILITIES)/ASSETS

(95,326

)

464,974

TOTAL ASSETS LESS CURRENT LIABILITIES

883,624

561,310

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

883,614

561,300

SHAREHOLDERS' FUNDS

883,624

561,310

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 Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

D Homoki-Farkas - Director

1.	STATUTORY INFORMATION

Supercharge London Ltd 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.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £

Preparation of consolidated financial statements

The financial statements contain information about Supercharge London Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 401 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Siili Solutions Oyj, Ruoholahdenkatu 21, 00180, Helsinki, Finland.

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.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is the total amount receivable by the company excluding value added tax, in the ordinary course of its business for goods supplied and services provided.

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.

Software development is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Office fixtures & equipment

-

33% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured

initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are

measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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 banks and other third parties, loans to related parties and the purchase of fixed assets.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern

The financial statements have been prepared on a going concern basis which means that the company can be expected to meet its liabilities as they fall due for a period of 12 months from the date of signing these financial statements. In assessing the appropriateness of the going concern basis of preparation the directors have taken into account the key risks of the business. The Directors have considered the company's business model and availability of cash resources and cite that the Company is profitable, is in a net asset position at the year end and has generated sufficient cash to meet its liabilities during the financial year.

Having undertaken this assessment the directors consider that the company will be able to meet its liabilities as they fall due for the foreseeable future and it is therefore appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Software

development

£

COST

Additions

469,086

At 31 December 2024

469,086

NET BOOK VALUE

At 31 December 2024

469,086

5.	TANGIBLE FIXED ASSETS

Office

fixtures

Computer

& equipment

equipment

Totals

£

£

£

COST

At 1 January 2024

161,024

45,323

206,347

Additions

4,545

10,287

14,832

Disposals

(12,211

)

(26,909

)

(39,120

)

At 31 December 2024

153,358

28,701

182,059

DEPRECIATION

At 1 January 2024

82,496

27,515

110,011

Charge for year

46,254

7,956

54,210

Eliminated on disposal

(12,006

)

(25,575

)

(37,581

)

At 31 December 2024

116,744

9,896

126,640

NET BOOK VALUE

At 31 December 2024

36,614

18,805

55,419

At 31 December 2023

78,528

17,808

96,336

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

454,445

At 31 December 2024

454,445

NET BOOK VALUE

At 31 December 2024

454,445

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,041,169

845,516

Other debtors

215,837

80,995

Amounts due from group undertakings

311,120

-

1,568,126

926,511

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

56,020

3,524

Corporation tax

10,495

62,755

Social security and other taxes

282,582

236,959

Other creditors

925

455

Amounts due to group

undertakings

2,286,969

1,025,544

Accruals and deferred income

307,109

115,907

2,944,100

1,445,144

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Stone (Senior Statutory Auditor)

for and on behalf of Jamieson Stone LLP

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Silli Solutions Oyj.

Silli Solutions Oyj. is registered in Finland.