3t Software Labs Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 10075999

		30 April 2025		31 December 2023
	Notes	€	€	€	€
FIXED ASSETS
Tangible Assets	5		11,679		1,441
Investments	6		5,388,923		5,388,923

			5,400,602		5,390,364
CURRENT ASSETS
Debtors	7	2,527,314		3,727,682
Cash at bank and in hand		3,531,650		1,969,647

		6,058,964		5,697,329
Creditors: Amounts Falling Due Within One Year	8	(8,364,173 )		(7,277,015 )

NET CURRENT ASSETS (LIABILITIES)			(2,305,209 )		(1,579,686 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,095,393		3,810,678

Creditors: Amounts Falling Due After More Than One Year	9		(660,401 )		(1,904,360 )

NET ASSETS			2,434,992		1,906,318

CAPITAL AND RESERVES
Called up share capital	10		12,833		12,833
Share premium account			3,866,529		3,866,529
Profit and Loss Account			(1,444,370 )		(1,973,044 )

SHAREHOLDERS' FUNDS			2,434,992		1,906,318

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3t Software Labs Limited

Balance Sheet (continued)

As At 30 April 2025

For the period ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Dr Simon Galbraith

Director

29/10/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

3t Software Labs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10075999 . The registered office is Unit 5, Avenue Business Park, Brockley Road, Elsworth, Cambridge, CB23 4EY.

The presentation currency of the financial statements is the Euro (€)

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

License revenues are recognised when the licence has been delivered to the customer and no ongoing obligations exist. Support and maintenance revenues are recognised on a straight line basis over the life of the provision of those services. When license and support revenues are included in one contract, the two items are recognised on a straight line basis over the life of the provision of those services.

Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has been partially completed at the balance sheet date, turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance for services provided, the amounts are recorded as deferred income and included as part of creditors.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Patents and licences

Separately acquired patents, licences and other intellectual property are included at cost and amortised in equal monthly instalments over a period of 2 years which is their estimated useful life. Provision is made for any impairment.

Computer software

Acquired intellectual property is included at cost and amortised in equal monthly instalments over a period of 2 years which is their estimated useful life. Provision is made for any impairment.

2.4. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to the profit and loss on a straight line basis over their expected useful economic lives, which range from 2 to 5 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

Straight line basis over 3 years

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euro at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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3t Software Labs Limited

Notes to the Financial Statements (continued)

For the Period 1 January 2024 to 30 April 2025

3. Average Number of Employees

Average number of employees, including directors, during the period was: 8 (2023: 3)

4. Intangible Assets

	Other	Development Costs	Total
	€	€	€
Cost
As at 1 January 2024	6,127	319,721	325,848

As at 30 April 2025	6,127	319,721	325,848

Amortisation
As at 1 January 2024	6,127	319,721	325,848

As at 30 April 2025	6,127	319,721	325,848

Net Book Value
As at 30 April 2025	-	-	-

As at 1 January 2024	-	-	-

5. Tangible Assets

	Computer Equipment
	€
Cost
As at 1 January 2024	5,827
Additions	15,488
Disposals	(1,257 )

As at 30 April 2025	20,058

Depreciation
As at 1 January 2024	4,386
Provided during the period	4,780
Disposals	(787 )

As at 30 April 2025	8,379

Net Book Value
As at 30 April 2025	11,679

As at 1 January 2024	1,441

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3t Software Labs Limited

Notes to the Financial Statements (continued)

For the Period 1 January 2024 to 30 April 2025

6. Investments

	Listed
	€
Cost
As at 1 January 2024	5,388,923

As at 30 April 2025	5,388,923

Provision
As at 1 January 2024	-

As at 30 April 2025	-

Net Book Value
As at 30 April 2025	5,388,923

As at 1 January 2024	5,388,923

The company's investments at the Balance Sheet date in the share capital of companies include the following:

3T Software Labs GmbH

Registered office: Kreuzkolln Office, Friedelstrasse 40, 12047 Berlin, Germany

Nature of business: Software development

Class of shares: holding

Ordinary shares 100.00%

Investments in subsidiaries are measured at cost less any provision for impairment as no market value is available.

7. Debtors

	30 April 2025	31 December 2023
	€	€
Due within one year
Trade debtors	2,202,559	439,510
Prepayments and accrued income	24,814	583,889
Corporation tax recoverable assets	265,114	265,114
VAT	32,562	6,802
Amounts owed by group undertakings	2,265	-
Amounts owed by subsidiaries	-	2,432,367

	2,527,314	3,727,682

8. Creditors: Amounts Falling Due Within One Year

	30 April 2025	31 December 2023
	€	€
Trade creditors	61,030	-
Other taxes and social security	26,387	13,255
Other creditors	6,522	2,725
Accruals and deferred income	7,962,405	5,289,173
Amounts owed to subsidiaries	307,829	1,971,862

	8,364,173	7,277,015

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3t Software Labs Limited

Notes to the Financial Statements (continued)

For the Period 1 January 2024 to 30 April 2025

9. Creditors: Amounts Falling Due After More Than One Year

	30 April 2025	31 December 2023
	€	€
Accruals and deferred income	660,401	1,904,360

10. Share Capital

	30 April 2025	31 December 2023
	€	€
Allotted, Called up and fully paid	12,833	12,833

11. Parent Undertaking and Controlling Party

The company's immediate and parent undertaking is 3t Software Labs Group Limited . 3t Software Labs Group Limited was incorporated in England and Wales, who controls 88% of the shares of 3t Software Labs Limited .The controlling party is Dr S Galbraith who controls 88.43% of the shares of the parent company, 3t Software Labs Group Limited.

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