| REGISTERED NUMBER: |
| THREATSPIKE LABS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2025 |
| REGISTERED NUMBER: |
| THREATSPIKE LABS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2025 |
| THREATSPIKE LABS LIMITED (REGISTERED NUMBER: 07515938) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| THREATSPIKE LABS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH APRIL 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Second Floor |
| 34 Lime Street |
| London |
| EC3M 7AT |
| THREATSPIKE LABS LIMITED (REGISTERED NUMBER: 07515938) |
| BALANCE SHEET |
| 30TH APRIL 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Share premium | 11 |
| Capital redemption reserve | 11 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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 were approved by the Board of Directors and authorised for issue on |
| THREATSPIKE LABS LIMITED (REGISTERED NUMBER: 07515938) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2025 |
| 1. | STATUTORY INFORMATION |
| ThreatSpike Labs 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 financial statements are presented in Pound Sterling, which is the functional currency of the company and rounded to the nearest pound. |
| The significant accounting policies applied to the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about ThreatSpike Labs Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Revenue recognition |
| Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of value added tax and trade discounts. |
| Revenue is recognised as contract activity progresses to reflect the company's partial performance of its contractual obligations. The amount of revenue reflects the accrual of the right to consideration as contract activity progresses by reference to the value of the work performed. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Computer equipment | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost less any provision for impairment. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss 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. |
| THREATSPIKE LABS LIMITED (REGISTERED NUMBER: 07515938) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Basic financial instruments |
| Trade and other debtors |
| Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition, they are measured at transaction price less any impairment losses. |
| Trade and other creditors |
| Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. |
| Cash and cash equivalents |
| Cash and cash equivalents comprise cash balances and deposits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| asset |
| £ |
| COST |
| At 1st May 2024 |
| Additions |
| Reclassification/transfer |
| At 30th April 2025 |
| AMORTISATION |
| At 1st May 2024 |
| Reclassification/transfer |
| At 30th April 2025 |
| NET BOOK VALUE |
| At 30th April 2025 |
| At 30th April 2024 |
| THREATSPIKE LABS LIMITED (REGISTERED NUMBER: 07515938) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2025 |
| 5. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 1st May 2024 |
| Additions |
| Reclassification/transfer | ( |
) |
| At 30th April 2025 |
| DEPRECIATION |
| At 1st May 2024 |
| Charge for year |
| Reclassification/transfer | ( |
) |
| At 30th April 2025 |
| NET BOOK VALUE |
| At 30th April 2025 |
| At 30th April 2024 |
| 6. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| Additions |
| At 30th April 2025 |
| NET BOOK VALUE |
| At 30th April 2025 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Prepayments |
| Accrued income | 49,530 | - |
| THREATSPIKE LABS LIMITED (REGISTERED NUMBER: 07515938) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2025 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Credit Card | 453 | 1,827 |
| PAYE and NIC taxes |
| Pension | 16,193 | 8,786 |
| VAT | 124,143 | 94,768 |
| Other creditors |
| Directors' current accounts | 408 | 479,432 |
| Deferred income |
| Accrued expenses |
| Net Wages | - | 2,214 |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2025 | 2024 |
| £ | £ |
| Within one year |
| Between one and five years |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary Shares | £0.0001 | 76 | 111 |
| Series A shares | £0.0001 | 41 | - |
| 117 | 111 |
| During the year the company bought back 1,601 Ordinary shares of nominal value £0.01 each. Those shares were subsequently cancelled resulting in a reduction of the company's issued share capital at that date. |
| Following the cancellation of the 1,601 Ordinary shares, the remaining 9,499 Ordinary shares of £0.01 each were converted into 949,900 Ordinary shares of £0.0001 each. |
| During the year 218,100 Series A shares of £0.0001 each were allotted and fully paid at a price of £25.7918, representing a premium of £25.7917 per share. 193,900 Ordinary shares of £0.0001 each were reclassified as 193,900 Series A shares of £0.0001 each. |
| 11. | RESERVES |
| Capital |
| Retained | Share | redemption |
| earnings | premium | reserve | Totals |
| £ | £ | £ | £ |
| At 1st May 2024 | 879,196 |
| Profit for the year |
| Purchase of own shares | (721,171 | ) | - | 16 | (721,155 | ) |
| Cash share issue | - | 5,625,170 | - | 5,625,170 |
| At 30th April 2025 | 5,871,214 |
| THREATSPIKE LABS LIMITED (REGISTERED NUMBER: 07515938) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2025 |
| 12. | RELATED PARTY DISCLOSURES |
| During the year the company acquired the entire share capital of the following companies and the balances owed by those companies to ThreatSpike Labs Limited at the Balance Sheet date were as follows:- |
| £ |
| ThreatSpike Labs PTE Ltd | 16,071 |
| ThreatSpike Labs SAS | 5,531 |
| ThreatSpike Labs Inc | 8,337 |
| ThreatSpike Labs FZ-LLC | 21,571 |
| Beijing ThreatSpike Network Technology Limited | 1,841 |
| 53,351 |