REGISTERED NUMBER: 14455657 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

SIMSPACE CYBER UK LTD

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

W Hutchison

L Rossey

Registered office:

C/O Pinsent Masons LLP

1 Park Row

Leeds

LS1 5AB

Registered number:

14455657 (England and Wales)

Auditors:

Bishop Fleming Audit Limited

10 Temple Back

Redcliffe

Bristol

BS1 6FL

CURRENT ASSETS

Debtors

4

46,800

29,350

Cash at bank

11,034

25,778

57,834

55,128

CREDITORS

Amounts falling due within one year

5

(21,983

)

(31,136

)

NET CURRENT ASSETS

35,851

23,992

TOTAL ASSETS LESS CURRENT LIABILITIES

35,851

23,992

CAPITAL AND RESERVES

Called up share capital

1

1

Other reserves

1,999

-

Retained earnings

33,851

23,991

SHAREHOLDERS' FUNDS

35,851

23,992

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 24 September 2025 and were signed on its behalf by:

L Rossey - Director

1.	STATUTORY INFORMATION

Simspace Cyber UK 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.

The presentation currency of the financial statements is the Pound Sterling (£) and the financial statements have been rounded to the nearest Pound Sterling (£).

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.

The comparative figures presented in these financial statements relate to a period of 13 months ended 30 November 2023, whereas the current financial year covers a standard 12-month period ended 30 November 2024. As a result, the comparative figures may not be directly comparable to those of the current year.

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 represents amounts charged to the Company's parent under a sales and marketing agreement, excluding value added tax. Turnover is recognised when chargeable costs are incurred.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

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.

Share based payments

Some employees are eligible to participate in the group's Stock Plan, under which participants receive compensation in the form of restricted stock units. The cost of equity-settled transactions with employees is measured by reference to the fair value of the equity instruments granted at the date at which they are granted and is recognised as an expense over the vesting period, which ends on the date on which the relevant employees become fully entitled to the award. Fair value is determined using an appropriate pricing model.

At each balance sheet date before vesting, the cumulative expense is calculated, representing the extent to which the vesting period has expired and management's best estimate of the achievement or other conditions and of the number of equity instruments that will ultimately vest. The movement in cumulative expense since the previous balance sheet date is recognised in the statement of profit and loss, with a corresponding entry in equity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/24

30/11/23

£

£

Amounts owed by group undertakings

43,414

28,307

Other debtors

3,386

1,043

46,800

29,350

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/24

30/11/23

£

£

Trade creditors

1,530

2,027

Taxation and social security

4,933

13,372

Other creditors

15,520

15,737

21,983

31,136

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

The auditors' report on the financial statements for the 12 month period ended 30 November 2024 was unqualified. The audit report was signed on 30 September 2025 by Stuart Crisp BSc FCA (Senior statutory auditor) on behalf of Bishop Fleming Audit Limited..

7.	ULTIMATE PARENT COMPANY

The Company is a wholly owned subsidiary of SimSpace International, LLC, a company incorporated in United States of America. The ultimate parent company is SimSpace Corporation, a company incorporated in United States of America. The registered address is 320 Congress St. FL7 Boston, MA 02210.

The largest and smallest group in which the results of the company are consolidated is that headed by SimSpace Corporation.