Fintechos Technology UK Ltd
Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 11857916 (England and Wales)
FintechOS Technology UK Ltd
Fintechos Technology UK Ltd
Company Information
Director
T Blidarus
(Appointed 14 February 2024)
Company number
11857916
Registered office
6th Floor
9 Appold Street
London
EC2A 2AP
Auditor
Cooper Parry Group Limited
Statutory Auditors
First Floor, Davidson House
Forbury Square
Reading
Berkshire
RG1 3EU
FintechOS Technology UK Ltd
Fintechos Technology UK Ltd
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 7
Fintechos Technology UK Ltd
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
9,380
35,480
Current assets
Debtors
4
6,778,986
5,004,135
Cash at bank and in hand
360,120
108,598
7,139,106
5,112,733
Creditors: amounts falling due within one year
5
(34,209,139)
(30,206,498)
Net current liabilities
(27,070,033)
(25,093,765)
Net liabilities
(27,060,653)
(25,058,285)
Capital and reserves
Called up share capital
8
20,000
20,000
Share premium account
5,607,195
5,607,195
Profit and loss reserves
(32,687,848)
(30,685,480)
Total equity
(27,060,653)
(25,058,285)

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

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

The financial statements were approved by the board of directors and authorised for issue on 15 October 2025 and are signed on its behalf by:
T Blidarus
C Baicu
Director
Chief Financial Officer
Company Registration No. 11857916
FintechOS Technology UK Ltd
Fintechos Technology UK Ltd
Notes to the Financial Statements
For the year ended 31 December 2024
Page 2
1
Accounting policies
Company information

FintechOS Technology UK Ltd is a private company limited by shares incorporated in England and Wales with the registered number 11857916. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts 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.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of FintechOS Holding B.V. These consolidated financial statements are available from its registered office, Jan van Goyenkade 8, 1075HP Amsterdam.

1.2
Going concern

During the year, the company made losses of £2,002,368 (202 3: £7,623,273) with net liabilities of £2 7,060,653 (202 3: £2 5,058,285).

Within creditors falling due within one year is an amount of £2 8,4 17,060 (202 3: £26,473,655) due to the parent entity. The parent company has confirmed it will not seek repayment of monies due to it until the company has sufficient funds.

The parent company has also confirmed it will provide continued financial support to the company, as required, for the foreseeable future and the group remain a going concern for at least 12 months from approval of these accounts. Consequently, the directors have prepared the financial statements on the going concern basis.

FintechOS Technology UK Ltd
Fintechos Technology UK Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 3
1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.4
Tangible fixed assets

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:

Computers
3 years straight line

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.

1.5
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, cash in hand and deposits.

1.6
Financial instruments

All of the company's financial assets and liabilities are basic and measured at amortised cost.

1.7
Equity instruments

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.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

FintechOS Technology UK Ltd
Fintechos Technology UK Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 4
1.8
Employee benefits

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.

1.9
Retirement benefits

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

1.10
Share-based payments

The Group operates a share-based payment scheme for certain employees and consultants. The fair value of the share options granted is determined at the grant date using a valuation model based on discounted future cash flows. This valuation requires management to make assumptions regarding:

- The expected timing and probability of an exit event;

- The future enterprise value of the Group at exit;

- The discount rate applied to future cash flows;

- The expected forfeiture rates and service conditions.

These estimates are subject to significant judgement and may differ from actual outcomes. Any changes to these assumptions could materially affect the fair value of the options and the corresponding expense recognised over the vesting period.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.12
Foreign exchange

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.

2
Employees

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

2024
2023
Number
Number
Average employees
12
24
FintechOS Technology UK Ltd
Fintechos Technology UK Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
126,943
Additions
465
Disposals
(1,699)
At 31 December 2024
125,709
Depreciation and impairment
At 1 January 2024
91,463
Depreciation charged in the year
26,565
Eliminated in respect of disposals
(1,699)
At 31 December 2024
116,329
Carrying amount
At 31 December 2024
9,380
At 31 December 2023
35,480
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,405,526
429,640
Amounts owed by group undertakings
4,622,839
3,694,086
Other debtors
154,111
147,515
Prepayments and accrued income
596,510
732,894
6,778,986
5,004,135
FintechOS Technology UK Ltd
Fintechos Technology UK Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 6
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
303,515
477,584
Amounts owed to group undertakings
28,974,062
26,473,655
Taxation and social security
731,871
474,137
Other creditors
-
73,182
Accruals and deferred income
4,199,691
2,707,940
34,209,139
30,206,498
6
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
15,444
29,852

The Company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the C ompany in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £15,444 (2023: £29,852).

There were no contributions outstanding at the balance sheet date (2023: £Nil).

7
Share-based payment transactions
Number of share options
Weighted average exercise price
2024
2023
2024
2023
Number
Number
£
£
Outstanding at 1 January 2024
1,521,580
2,371,533
0.97
0.97
Granted
1,774,417
25,000
-
0
1.17
Forfeited
(2,407)
0
(874,953)
0
1.17
1.17
Outstanding at 31 December 2024
3,293,590
1,521,580
0.45
0.97
Liabilities and expenses

During the year, the company recognised total share-based payment expenses of £nil (2023: £nil) which related to equity settled share based payment transactions.

FintechOS Technology UK Ltd
Fintechos Technology UK Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 7
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
20,000
20,000
20,000
20,000
9
Audit report information

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 auditor's report was unqualified.

The auditor was Jacqueline Biggs FCCA ACA (Senior Statutory Auditor) for and on behalf of Cooper Parry Group Limited.
10
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Within one year
129,023
140,592
Between two and five years
328,559
35,148
457,582
175,740
11
Related party transactions

The Company has taken advantage of the exemption under paragraph 33.1A of FRS102 not to disclose transactions with other wholly owned group members.

12
Ultimate parent company and beneficial owner

As at the reporting date, the immediate parent undertaking of the Company is FintechOS S.R.L., a company incorporated in Romania. The ultimate parent undertaking and controlling party is FintechOS Holding B.V., a company incorporated in the Netherlands.

FintechOS Holding B.V. is the top holding company in the FintechOS group structure. The group is ultimately controlled by a combination of individual shareholders and institutional investors, with no single party holding a controlling interest.

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