REGISTERED NUMBER: 15307422 (England and Wales)

Unaudited Financial Statements

for the period

24 November 2023 to 31 March 2025

for

SAMAYA AI UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

M Raghu

Secretary:

OHS Secretaries Limited

Registered office:

9th Floor

107 Cheapside

London

EC2V 6DN

Registered number:

15307422 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

13,256

Current assets

Debtors

5

120,405

Cash at bank

434,380

554,785

Creditors

Amounts falling due within one year

6

417,307

Net current assets

137,478

Total assets less current liabilities

150,734

Provisions for liabilities

8

1,672

Net assets

149,062

Reserves

Retained earnings

149,062

Shareholders' funds

149,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2025 and were signed by:

M Raghu - Director

1.	Statutory information

Samaya AI UK Limited 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 (£).

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.

Going concern

The financial statements have been prepared on a going concern basis. The director has reviewed and considered relevant information, including the annual budget and future cash flows and the parent company's intention to provide financial support as needed over the next 12 months, in making their assessment. The director is therefore of the opinion that they should continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

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

Turnover is generated via Intercompany invoices for providing engineering and management services to the US parent company.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the period comprises of current and deferred tax. Tax is recognised in the Profit and Loss Account 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.

Tax credits shown on the Profit and Loss Account represent tax credits received from HMRC as a result of claims made under HMRC’s R&D tax relief schemes.

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 period 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currency translation

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each reporting 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 the period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	Employees and directors

The average number of employees during the period was 13 .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

Additions

1,091

16,983

18,074

At 31 March 2025

1,091

16,983

18,074

Depreciation

Charge for period

151

4,667

4,818

At 31 March 2025

151

4,667

4,818

Net book value

At 31 March 2025

940

12,316

13,256

5.

Debtors: amounts falling due within one year

£

Other debtors

120,405

6.

Creditors: amounts falling due within one year

£

Trade creditors

20,700

Amounts owed to group undertakings

371,970

Other creditors

24,637

417,307

Amounts owed to group undertakings are unsecured, non-interest bearing and repayable on demand.

7.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

£

Within one year

125,894

8.	Provisions for liabilities

£

Deferred tax

1,672

Deferred tax

£

Provided during period

1,672

Balance at 31 March 2025

1,672

2025

£

Accelerated capital allowances

3,314

Timing difference

(1,642

)

Total

1,672

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£0.01

-

1 Ordinary share of £0.01 was allotted and fully paid for cash at par during the period.

10.	Pension commitments

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 cost charge represents contributions payable by the company to the fund and amounted to £80,571. Contributions totalling £24,637 were payable to the fund at the reporting date and are included in creditors.

11.	Ultimate controlling party

The company's immediate parent undertaking is Samaya AI, Inc., a company incorporated in USA. The directors regard Samaya AI, Inc. as the ultimate controlling party.