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Registered number: 09087415
Seven Bridges Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Finerva
Seven Bridges Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
Seven Bridges Limited
Balance Sheet
As At 30 June 2025
Balance Sheet
Registered number: 09087415

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,851 |  | 31,679
|  |  | 1,851 |  | 31,679
CURRENT ASSETS
Debtors | 6 | 528,179 |  | 1,346,107 |
Cash at bank and in hand |  | 19,415 |  | 16,026 |
|  | 547,594 |  | 1,362,133 |
Creditors: Amounts Falling Due Within One Year | 7 | (6,588,432 ) |  | (1,429,776 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (6,040,838 ) |  | (67,643 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (6,038,987 ) |  | (35,964 )
Creditors: Amounts Falling Due After More Than One Year | 8 |  | - |  | (4,029,155 )
NET LIABILITIES |  |  | (6,038,987 ) |  | (4,065,119 )
CAPITAL AND RESERVES
Called up share capital | 9 |  | 824 |  | 803
Share premium account |  |  | 14,870,471 |  | 14,870,471
Convertible loans & Pre-subscription |  |  | 884,344 |  | 822,198
Profit and Loss Account |  |  | (21,794,626 ) |  | (19,758,591 )
SHAREHOLDERS' FUNDS |  |  | (6,038,987) |  | (4,065,119)

Page 1
Page 2
Seven Bridges Limited
Balance Sheet (continued)
As At 30 June 2025
For the year ending 30 June 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

Mr Philip Ashton Director
5 November 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Seven Bridges Limited
Notes to the Financial Statements
For The Year Ended 30 June 2025
Notes to the Financial Statements
1. General Information
Seven Bridges Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09087415 . The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis, as the directors believe that the company has access to sufficient funding and support to meet its obligations as they fall due. This assessment is based on cash flow forecasts covering the next two years, which reflect conservative assumptions regarding future revenue, planned fundraising, and continued support from existing investors.
The directors have also taken into account the post balance sheet event disclosed in the notes, relating to the acquisition of the company by Industrial and Financial Systems, IFS UK Ltd on 13 August 2025. While the acquisition occurred after the reporting date, it is expected to strengthen the company’s financial position and provide additional backing.
The financial statements do not include any adjustments that may result from any significant changes in the assumptions used in preparing the cash-flow forecasts.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. 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:

Fixtures & Fittings | 33.3% per annum on a straight line basis
Computer Equipment | 33.3% per annum on a straight line basis

The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Repairs and maintenance costs are charged to profit or loss during the period in which they are incurred.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use. Any impairment loss is recognised immediately as an expense within the profit or loss.
Page 3
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Seven Bridges Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
2.5. Financial Instruments
Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.
Investments
Investments in subsidiaries are held at cost less accumulated impairment losses.
Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss.
For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss.
2.8. 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.
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 other creditors as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
2.10. Research and development expenditure
Research and development expenditure is written off against profits in the year in which it is incurred.
Page 4
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Seven Bridges Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
2.11. Fixed asset investment
Interests in subsidiaries entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
2.12. Interest receivable
Interest income is recognised in profit or loss as they accrue, using the effective interest rate method.
2.13. Convertible loans
On the initial issue of convertible debt, the company allocates the proceeds between the liability component and the equity component. To make the allocation, the company first determines the amount of the liability component as fair value of a similar liability that does not have a conversion feature. The residual amount is allocated as the equity component. Any transaction costs are allocated between debt component and equity component on the basis of their relative fair values. The liability component of the instrument is subsequently measured on an amortised cost basis. Any initial allocations are not revised in subsequent periods.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 27 (2024: 41)
27 41
4. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 July 2024 | 17,779 | 143,407 | 161,186
Disposals | (411 ) | (5,506 ) | (5,917 )
As at 30 June 2025 | 17,368 | 137,901 | 155,269
Depreciation
As at 1 July 2024 | 16,571 | 112,936 | 129,507
Provided during the period | 1,050 | 27,877 | 28,927
Disposals | (341 ) | (4,675 ) | (5,016 )
As at 30 June 2025 | 17,280 | 136,138 | 153,418
Net Book Value
As at 30 June 2025 | 88 | 1,763 | 1,851
As at 1 July 2024 | 1,208 | 30,471 | 31,679

5. Investments

| Subsidiaries
--- | ---
| £
Cost or Valuation
As at 1 July 2024 | 168
Disposals | (168 )
As at 30 June 2025 | -
Provision
As at 1 July 2024 | 168
Disposals | (168 )
As at 30 June 2025 | -

...CONTINUED
Page 5
Page 6
Seven Bridges Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025

Net Book Value
As at 30 June 2025 | -
As at 1 July 2024 | -

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 115,622 |  | 342,752
Other debtors | 412,557 |  | 1,003,355
| 528,179 |  | 1,346,107

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 171,964 |  | 226,868
Bank loans and overdrafts | 51,756 |  | 121
Other loans | 605,825 |  | 113,676
Other taxes and social security | 176,847 |  | 411,177
Other creditors | 12,933 |  | 67,342
Convertible loans | 4,629,888 |  | -
Accruals and deferred income | 939,219 |  | 609,889
Directors' loan accounts | - |  | 703
| 6,588,432 |  | 1,429,776

Included within other creditors are outstanding pension contributions of £12,933 (2024: £16,075).
8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Convertible loan notes | - |  | 3,759,880
Loans - others | - |  | 269,275
| - |  | 4,029,155

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 824 |  | 803

10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | - |  | 43,313
| - |  | 43,313

Page 6
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Seven Bridges Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
11. Post Balance Sheet Events
On 13 August 2025, the entire issued share capital of the company was acquired by Industrial and Financial Systems, IFS UK Ltd. This transaction took place after the financial year-end of 30 June 2025, and as such, it represents a non-adjusting post balance sheet event. The acquirer is not related to the previous shareholders. While the transaction does not impact the financial position as at the reporting date, it is considered material and is disclosed to provide a better understanding of the company’s future direction. At the time of approving these financial statements, the intention of the new owners is to integrate the company into their existing operations whilst retaining current management and key employees with a view to scaling 7bridges capabilities into the asset and service centric industries IFS already serves.
12. Related Party Transactions
The company has taken advantage of the exemption available under FRS 102 not to disclose related party transactions with wholly owned subsidiaries in the group.
13. Registered charges
During the year, the following fixed and floating charges over all the company’s property and undertaking were registered:
- In favour of Coutts & Company on 18 September 2024, which was satisfied on 16 September 2025, and
- In favour of Innovative UK Loans Limited on 25 November 2024, which was satisfied on 28 August 2025.
A fixed and floating charge over all the company’s property and undertaking registered in favour of SPRK Capital Limited on 16 April 2024 was satisfied on 11 September 2024.
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