These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

Woosmap Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 378-380 Deansgate, Manchester, M3 4LY.

These financial statements cover the period from 20 May 2024 (date of incorporation) to 31 December 2024, which is shorter than a full financial year.

The company has adopted this reporting period to align its financial year-end with that of its parent company, Woosmap SAS, for group reporting and consolidation purposes.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has good customer base across different geographic areas and industries. As a consequence, the directors believe that the company is well placed to manage its business risks successfully despite the truethe total liabilities exceed current assets at the balance sheet date.

The directors have a reasonable expectation that the company has sufficient liquid assets to meet its liabilities as and when they fall due and that the company has sufficient support from Woosmap SAS, the Parent Company. Accordingly the directors consider that it is appropriate to prepare the accounts on a going concern basis.

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from contracts from the sale of licenses is recognised by reference to the actual usage or consumption of licenses. Revenue is deferred when the company receives the payment in advance and will only be recognised for customers' actual usage. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

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 are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 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.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

In the application of the company’s accounting policies, the director is 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.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

During the year, the Company acquired the Woosmap business through an asset purchase, resulting in material goodwill being recognised on the balance sheet. Goodwill, which is allocated across cash-generating units, is tested annually to determine if there is any indication of impairment by comparing the carrying amount of the goodwill to the recoverable amount of the cash-generating unit to which it has been allocated. Assumptions and estimates are used to determine the recoverable amount of each cash-generating unit, principally based on the present value of estimated future cash flows. Actual performance may differ from management’s expectations.

The average monthly number of persons (including directors) employed by the company during the period was:

During the period, the company acquired the Woosmap Business from Web Geo Services Ltd under an Asset Purchase Agreement dated 25 June 2024. The acquisition was structured as a transfer of the business as a going concern, including the goodwill, intellectual property, customer relationships, IT systems, and other operational assets.

The goodwill recognised in these financial statements represents the excess of the purchase consideration over the fair value of the net assets acquired. It reflects the value attributed to the Woosmap brand, its established customer base, proprietary technology, and anticipated synergies from operating independently in the UK market.

Goodwill is amortised over its estimated useful life and tested annually for impairment. The directors have assessed the recoverable amount of the cash-generating unit to which the goodwill relates and concluded that no impairment is required.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension charge amounted to £2,212. Outstanding contributions amounting to £1,007 were payable to the fund and are included in creditors.

The company has taken advantage of the exemption available under FRS 102 section 33 not to disclose transactions with other members of the group controlled by Web Geo Services SA.

The Company's immediate parent undertaking is Woosmap SAS and its registered address is at 5 Rue Du Plan Palais, Montpellier, France, 34000.

The Company's ultimate parent company is Web Geo Services SAS which is the parent of the group of which the Company is a member. The registered office of the ultimate parent company is in Paris, France.