Caseware UK (AP4) 2024.0.164 2024.0.164 2025-06-30 Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. 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.2025-06-30 2025-06-30 false 2024-07-01 false 3 3 true false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10609487 2024-07-01 2025-06-30 10609487 2023-07-01 2024-06-30 10609487 2025-06-30 10609487 2024-06-30 10609487 c:Director1 2024-07-01 2025-06-30 10609487 c:Director2 2024-07-01 2025-06-30 10609487 c:Director3 2024-07-01 2025-06-30 10609487 c:RegisteredOffice 2024-07-01 2025-06-30 10609487 d:CurrentFinancialInstruments 2025-06-30 10609487 d:CurrentFinancialInstruments 2024-06-30 10609487 d:CurrentFinancialInstruments d:WithinOneYear 2025-06-30 10609487 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 10609487 d:ReportableOperatingSegment1 2024-07-01 2025-06-30 10609487 d:ReportableOperatingSegment1 2023-07-01 2024-06-30 10609487 d:ReportableOperatingSegment2 2024-07-01 2025-06-30 10609487 d:ReportableOperatingSegment2 2023-07-01 2024-06-30 10609487 d:ShareCapital 2025-06-30 10609487 d:ShareCapital 2024-06-30 10609487 d:SharePremium 2024-07-01 2025-06-30 10609487 d:SharePremium 2025-06-30 10609487 d:SharePremium 2024-06-30 10609487 d:ForeignCurrencyTranslationReserve 2024-07-01 2025-06-30 10609487 d:ForeignCurrencyTranslationReserve 2025-06-30 10609487 d:ForeignCurrencyTranslationReserve 2024-06-30 10609487 d:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30 10609487 d:RetainedEarningsAccumulatedLosses 2025-06-30 10609487 d:RetainedEarningsAccumulatedLosses 2024-06-30 10609487 c:OrdinaryShareClass1 2024-07-01 2025-06-30 10609487 c:OrdinaryShareClass1 2025-06-30 10609487 c:OrdinaryShareClass1 2024-06-30 10609487 c:FRS102 2024-07-01 2025-06-30 10609487 c:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 10609487 c:FullAccounts 2024-07-01 2025-06-30 10609487 c:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 10609487 2 2024-07-01 2025-06-30 10609487 e:PoundSterling 2024-07-01 2025-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10609487 MULTIPLI LIMITED UNAUDITED DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
MULTIPLI LIMITED
COMPANY INFORMATION
Directors | Mr B T Cahir
| Mr J J Delaney
| Mr J M Grant
Registered number | 10609487
Registered office | Albany House
| Claremont Lane
| Esher
| Surrey
| KT10 9FQ
Accountants | Wellden Turnbull Limited
| Chartered Accountants
| Albany House
| Claremont Lane
| Esher
| Surrey
| KT10 9FQ
MULTIPLI LIMITED
CONTENTS
| Page
Directors' Report | 1
Statement of Comprehensive Income | 3
Statement of financial position | 4
Notes to the Financial Statements | 5 - 14
MULTIPLI LIMITED
DIRECTORS' REPORT FOR THE YEAR ENDED 30 JUNE 2025 The Directors present their report and the financial statements for the year ended 30 June 2025.
Directors' responsibilities statement
The Directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the Directors are required to: ∙select suitable accounting policies for the Company's financial statements and then apply them consistently; ∙make judgements and accounting estimates that are reasonable and prudent; ∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Principal activity
The Company's principal activity during the period under review continued to be that of the provision of consultancy services.
Results and dividends
The loss for the year, after taxation, amounted to £31,811 (2024 - loss £30,756). No dividends were proposed in the year. The Directors who served during the year were:
Mr B T Cahir
Mr J J Delaney
Mr J M Grant
During the year, the sole business introducer terminated their agreement. The Company is though close to providing services to a new party. However the nature of the services provided in unchanged. No significant changes in the Company's state of affairs occurred during the financial year except during the year the Company was sold. As noted above, the successful engagement of the new party will have a significant impact if the business continues to trade or the Directors determine it is appropriate to finalised the company. Page 1
MULTIPLI LIMITED
DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Likely developments in the operations of the Company and the expected results of those operations in future financial years have not been included in this report as the inclusion of such information is likely to result in unreasonable prejudice to the Company. The Company's operations are not regulated by any significant environmental regulation under a Government law. No options over issued shares or interests in the Company or a controlled entity were granted during or since the end of the financial year and there were no options outstanding at the date of this report. No indemnities have been given during or since the end of the financial year for any person who is or has been an officer of the Company. The Company is included under a Global group insurance policy to cover the Directors against liabilities for costs and expenses incurred by them in defending any legal proceedings arising out of their conduct while acting in the capacity of a Director of the Company. No person has applied for leave of Court to bring proceedings on behalf of the Company or intervene in proceedings to which the Company is a party for the purpose of taking responsibility on behalf of the Company for all or any part of those proceedings. The Company was not a party to any such proceedings during the year. In preparing this report, the Directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the board and signed on its behalf.
Mr J M Grant Director
Date: 22 August 2025
Page 2
MULTIPLI LIMITED
STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2025
| 2025 | 2024
Note | £ | £
Turnover | 4 | 54,627 | 34,634
Gross profit |  | 54,627 | 34,634
Administrative expenses |  | (86,438) | (65,952)
Operating loss |  | (31,811) | (31,318)
Interest receivable and similar income |  | - | 562
Loss before tax |  | (31,811) | (30,756)
Loss for the financial year |  | (31,811) | (30,756)
Other comprehensive income for the year |  |  |
Total comprehensive income for the year |  | (31,811) | (30,756)
The notes on pages 5 to 14 form part of these financial statements.
Page 3
MULTIPLI LIMITED REGISTERED NUMBER:10609487
BALANCE SHEET AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 228,448 |  | 242,415 |
Cash at bank and in hand | 8 | 120,163 |  | 146,537 |
|  | 348,611 |  | 388,952 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 9 | (53,192) |  | (61,722) |
Net current assets |  |  | 295,419 |  | 327,230
Total assets less current liabilities |  |  | 295,419 |  | 327,230
Net assets |  |  | 295,419 |  | 327,230
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 100 |  | 100
Share premium account | 11 |  | 49,900 |  | 49,900
Foreign exchange reserve | 11 |  | (3) |  | (3)
Profit and loss account | 11 |  | 245,422 |  | 277,233
Shareholders' funds |  |  | 295,419 |  | 327,230
The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 August 2025.
Mr J M Grant
Director
The notes on pages 5 to 14 form part of these financial statements. Page 4
MULTIPLI LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | General information
Multipli Limited is a private company, limited by shares and incorporated in England and Wales, registered number 10609487. The registered office address is Albany House, Claremont Lane, Esher, Surrey, United Kingdom, KT10 9FQ. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3). The financial statements are presented in sterling, which is the functional currency of the company and rounded to the nearest £. The following principal accounting policies have been applied:
| 2.2 | Compliance with accounting standards
The financial statements have been prepared using FRS102, the financial reporting standard applicable in the UK and Republic of Ireland, including the disclosure and presentation requirements of Section 1A, applicable to small companies. There were no material departures from that standard.
| 2.3 | Going concern
The Company has reported an operating loss for the year however at £120,163 has sufficient cash reserves to meet its liabilities as they fall due. The Directors of the Company intend to continue trading for the foreseeable future and consider the entity to be a going concern. During the year, the sole business introducer terminated their agreement. The Company is however close to providing services to a new party. The Directors therefore consider it appropriate to prepare the financial statements on a going concern basis. Page 5
MULTIPLI LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.4 | Leases
The Company as a lessee The Company assesses whether a contract is or contains a lease, at inception of a contract. The Company recognises a right-of-use asset and a corresponding lease liability with respect to all lease agreements in which it is the lessee, except for short-term leases (defined as leases with a lease term of 12 months or less) and leases of low value assets. For these leases, the Company recognises the lease payments as an operating expense on a straight-line basis over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed. Lease payments included in the measurement of the lease liability comprise fixed lease payments (including in-substance fixed payments), less any lease incentives. The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day and any initial direct costs. They are subsequently measured at cost less accumulated depreciation and impairment losses. As a practical expedient, IFRS 16 permits a lessee not to separate non-lease components, and instead account for any lease and associated non-lease components as a single arrangement. The Company has used this practical expedient.
| 2.5 | Foreign currency translation
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the commencement of the month of the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in the profit and loss account within 'other operating income'. Page 6
MULTIPLI LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.6 | Revenue
Revenue is measured at the fair value of the consideration received or receivable. Amounts disclosed as revenue are net of returns, trade allowances, rebates and amounts collected on behalf of third parties. The Company recognises revenue when the amount of revenue can be reliably measured and specific criteria have been met for each of the Company's activities as described below. The Company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement. Revenue is recognised for the major business activities as follows: i.) Introducer Fees Fees for the provision of services are recognised as income on an invoiced basis. ii.) Interest Revenue Interest Revenue is recognised using the effective interest rate method on a proportional basis taking into account the interest rates applicable to the financial assets. iii.) Intercompany Management Fees Management fees charged to related entities for the provision of administrative support services.
| 2.7 | Income Tax
The income tax expense/(benefit) for the year comprises current income tax expense/(benefit) and deferred income tax expense/(benefit). Current income tax expense charged to profit or loss is the tax payable on taxable income. Current tax liabilities/(assets) are measured at the amounts expected to be paid to/(recovered from) the relevant taxation authority. The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the end of the reporting period. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. Deferred income tax expense reflects movements in deferred tax asset and deferred tax liability balances during the year as well as unused income tax losses. Deferred tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Deferred tax assets and liabilities are calculated at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled, and their measurement also reflects the manner in which management expects to recover or settle the carrying amount of the related asset or liability. Deferred tax assets are recognised for deductible temporary differences and unused tax losses only if it is probable that future taxable amounts will be available to utilise those temporary differences and losses. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the deferred tax balances relate to the same taxation authority. Current tax assets and tax liabilities are offset where the Company has a legally enforceable right to offset and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously Current and deferred tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, the tax is also recognised in other comprehensive income or directly in equity, respectively. Page 7
MULTIPLI LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.8 | Financial instruments
Initial recognition and Measurement Financial assets and financial liabilities are recognised when the entity becomes a party to the contractual provisions to the instrument. For financial assets, this is equivalent to the date that the company commits itself to either purchase or sell the asset (i.e. trade date accounting is adopted). Financial instruments are initially measured at fair value plus transaction costs, except where the instrument is classified "at fair value through profit or loss" in which case transaction costs are recognised immediately as expenses in profit or loss. Classification and subsequent measurement Financial instruments are subsequently measured at fair value, amortised cost using the effective interest method, or cost. Where available, quoted prices in an active market are used to determine fair value. In other circumstances, valuation techniques are adopted. Amortised cost is calculated as the amount at which the financial asset or financial liability is measured at initial recognition less principal repayments and any reduction for impairment, and adjusted for any cumulative amortisation of the difference between that initial amount and the maturity amount calculated using the effective interest method. The effective interest method is used to allocate interest income or interest expense over the relevant period and is equivalent to the rate that exactly discounts estimated future cash payments or receipts (including fees, transaction costs and other premiums or discounts) through the expected life (or when this cannot be reliably predicted, the contractual term) of the financial instrument to the net carrying amount of the financial asset or financial liability. Revisions to expected future net cash flows will necessitate an adjustment to the carrying amount with a consequential recognition of an income or expense item in profit or loss. Fair value is determined based on current bid prices for all quoted investments. Valuation techniques are applied to determine the fair value for all unlisted securities, including recent arm's length transactions, reference to similar instruments and option pricing models. Loans and receivables Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market and are subsequently measured at amortised cost. Gains or losses are recognised in profit or loss through the amortisation process and when the financial asset is derecognised. Financial liabilities Non-derivative financial liabilities other than financial guarantees are subsequently measured at amortised cost. Gains or losses are recognised in profit or loss through the amortisation process and when the financial liability is derecognised. Impairment At the end of each reporting period, the Company assesses whether there is objective evidence that a financial asset has been impaired. A financial asset or a group of financial assets is deemed to be impaired if, and only if, there is objective evidence that impairment as a result of one or more events (a "loss event") has occurred, which has an impact on the estimated future cash flows of the financial asset(s). In the case of financial assets carried at amortised cost, loss events may include: indications that the debtors or a group of debtors are experiencing significant financial difficulty, default or delinquency in interest or principal payments; indications that they will enter bankruptcy or other financial reorganisation; and changes in arrears or economic conditions that correlate with defaults. For financial assets carried at amortised cost (including loans and receivables), a separate allowance Page 8
MULTIPLI LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued) account is used to reduce the carrying amount of financial assets impaired by credit losses. After having taken all possible measures of recovery, if management establishes that the carrying amount cannot be recovered by any means, at that point the written-off amounts are charged to the allowance account or the carrying amount of impaired financial assets is reduced directly if no impairment amount was previously recognised in the allowance accounts. When the terms of financial assets that would otherwise have been past due or impaired have been renegotiated, the Company recognises the impairment for such financial assets by taking into account the original terms as if the terms have not been renegotiated so that the loss events that have occurred are duly considered. Derecognition Financial assets are derecognised when the contractual rights to receipt of cash flows expire or the asset is transferred to another party whereby the entity no longer has any significant continuing involvement in the risks and benefits associated with the asset. Financial liabilities are derecognised when the related obligations are discharged or cancelled, or have expired. The difference between the carrying amount of the financial liability extinguished or transferred to another party and the fair value of consideration paid, including the transfer of non-cash assets or liabilities assumed, is recognised in profit or loss.
| 2.9 | Impairment of assets
At the end of each reporting period, the Company assesses whether there is any indication that an asset may be impaired. The assessment will include considering external sources of information and internal sources of information. If such an indication exists, an impairment test is carried out on the asset by comparing the recoverable amount of the asset, being the higher of the asset's fair value less costs to sell and value in use to the assets carrying amount. Any excess of the asset's carrying amount over its recoverable amount is recognised immediately in profit or loss, unless the asset is carried at a revalued amount in accordance with another Standard. Any impairment loss of a revalued asset is treated as a revaluation decrease in accordance with that other Standard. Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
| 2.10 | Trade and other receivables
Trade receivables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less provision for impairment. Trade receivables are generally due for settlement within 14 days. Collectability of trade receivables is reviewed on an ongoing basis. Debts which are known to be uncollectible are written off by reducing the carrying amount directly. An allowance account (provision for impairment of trade receivables) is used when there is objective evidence that the group will not be able to collect all amounts due according to the original terms of the receivables. Significant financial difficulties of the debtor, probability that the debtor will enter bankruptcy or financial reorganisation, and default or delinquency in payments (more than 30 days overdue) are considered indicators that the trade receivable is impaired. The amount of the impairment allowance is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the original effective interest rate. Cash flows relating to short-term receivables are not discounted if the effect of discounting is immaterial. The amount of the impairment loss is recognised in profit or loss within other expenses. When a trade receivable for which an impairment allowance had been recognised becomes uncollectible in a subsequent period, it is written off against the allowance account. Subsequent recoveries of amounts previously written off are credited against other expenses in profit or loss. Page 9
MULTIPLI LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.11 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.12 | Employee benefits
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds. Short-term employee benefits Short-term employee benefits are expensed as the related service is provided from the date employment commences. A liability is recognised for the amount expected to be paid if the Company has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee and the obligation can be estimated reliably.
| 2.13 | 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.
| 2.14 | Trade and other payables
Trade and other payables represent the liability outstanding at the end of the reporting period for goods and services received by the company during the reporting period, which remain unpaid. The balance is recognised as a current liability with the amounts normally paid within 30 days of recognition of the liability.
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
There are no judgements or estimates when applying the accounting policies that have a significant effect on the amounts recognised in the financial statements that are not readily apparent from other sources. Page 10
MULTIPLI LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
4. | Turnover
| An analysis of turnover by class of business is as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Introducer fees | 18,987 | 25,834
| Intercompany management fees | 35,640 | 8,800
|  | 54,627 | 34,634
| All turnover arose within the United Kingdom.
5. | Employees
The average monthly number of employees, including directors, during the year was 3 (2024 - 3).
6. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Total current tax | - | -
| Factors affecting tax charge for the year
| The tax assessed for the year is the same as (2024 - the same as) the standard rate of corporation tax in the UK of 25% (2024 - 25%) as set out below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Loss on ordinary activities before tax | (31,811) | (30,756)
| Loss on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%) | (7,953) | (7,689)
| Effects of: |  |
| Unrelieved tax losses carried forward | 7,953 | 7,689
| Total tax charge for the year | - | -
Page 11
MULTIPLI LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 223,276 | 238,660
| Prepayments and accrued income | 5,172 | 3,755
|  | 228,448 | 242,415
| Amounts owed to group undertakings are interest free and payable on demand. Please refer to note 12 for details of amounts owed to group undertakings.
8. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 120,163 | 146,537
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 2,051 | -
| Amounts owed to group undertakings | 32,557 | 43,203
| Other taxation and social security | - | 3,000
| Accruals and deferred income | 18,584 | 15,519
|  | 53,192 | 61,722
| Amounts owed to group undertakings are unsecured, interest free and payable on demand. Please refer to note 12 for details of amounts owed to group undertakings.
Page 12
MULTIPLI LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
10. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary £1 shares shares of £1.00 each | 100 | 100
| Ordinary shares participate in dividends in proportion to the number of shares held. Whilst in the event of winding up of the company, Ordinary shares participate in proportion to the total number of all issued shares irrespective of the class of the issued share. At the shareholders' meetings each ordinary share is entitled to one vote when a poll is called, otherwise each shareholder has one vote on a show of hands.
11. | Reserves
Share premium account The share premium account represents the amount in excess of par value paid on the issue of shares less transaction costs arising on issue. Foreign exchange reserve The foreign exchange reserve represents differences on translation of foreign currency balances. Profit and loss account The profit and loss account represents cumulative profits and losses net of dividends and other adjustments. Page 13
MULTIPLI LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
12. | Related party transactions
| Unsecured non-interest bearing loan transactions with related group company Multipli Pty Limited (Australia) are analysed as below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Opening balance of the loan accounts | 238,660 | 158,486
| Payments made/funds advanced | 26 | 101,568
| Charges incurred by related entity on behalf of the Company | (15,410) | (21,394)
| Closing balance of the loan account - Net Asset | 223,276 | 238,660
| Unsecured non-interest bearing loan transactions with related group companies Multipli Inc.(United States), Multipli Canada Pty Ltd (Canada) and parent company Multipli International Pty Limited (Australia) are analysed as below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Opening balance of the loan accounts | (43,203) | (38,598)
| Payments made/funds advanced | 46,038 | 16,835
| Charges incurred by related entity on behalf of the Company | (35,392) | (21,440)
| Closing balance of the loan account - Net (Liability)/Asset | (32,557) | (43,203)
| The amounts owed to Multipli International Pty Limited outstanding at the balance sheet date are £38,598 (2024 - £38,598). The direct, indirect and beneficial holdings of directors in the Ordinary Shares of the Company as at 30 June 2025 was 64.8% (2024 - 64.8%).
13. | Controlling party
The Company's parent is Multipli International Pty Limited, a Company registered in Australia. The Company's ultimate controlling party is Team Leasing Finance Pty, also registered in Australia.
Page 14