Company No: 11546988 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	A Anders (Appointed 22 May 2024)
	S Clark
	N Haughey (Appointed 10 June 2025)
	A Jarvis
	W Van Biljon
	G Whitaker

REGISTERED OFFICE	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

COMPANY NUMBER

11546988 (England and Wales)

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	4,270,212		2,130,404
Tangible assets	4	1,498		2,203
Investments	5	766,219		344,038
		5,037,929		2,476,645
Current assets
Debtors	6	521,849		283,574
Cash at bank and in hand		1,095,208		378,094
		1,617,057		661,668
Creditors: amounts falling due within one year	7	( 1,073,895)		( 430,642)
Net current assets		543,162		231,026
Total assets less current liabilities		5,581,091		2,707,671
Provision for liabilities	8	( 42,829)		( 83,984)
Net assets		5,538,262		2,623,687
Capital and reserves
Called-up share capital	9	20,664		13,571
Share premium account		6,999,252		3,506,115
Profit and loss account		( 1,481,654 )		( 895,999 )
Total shareholders' funds		5,538,262		2,623,687

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Agrigate One Limited (registered number: 11546988) were approved and authorised for issue by the Board of Directors on 18 November 2025. They were signed on its behalf by:

G Whitaker Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Agrigate One Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date and the gains or losses on translation are included in the profit and loss account.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, rebates and discounts.

Income from the provision of services is recognised in the period in which the services are provided to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

The cost of intangible assets includes directly attributable incremental costs incurred in their acquisition. Development costs relate to the development of software. Impairment losses are recognised to the extent that the carrying value of the asset exceeds its recoverable amount. The directors undertake to review the recoverable amount at each year end to determine whether an impairment is required.

Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software	5 years straight line
Development costs	5 years straight line
Trademarks, patents and licences	10 years straight line

Tangible fixed assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as the write off the costs of the assets over their estimated useful lives, as follows:

Computer equipment

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Fixed asset investments

Investments in subsidiaries are measured at cost less impairment.

Financial instruments

Financial assets are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.

Provisions

Provisions are recognised when the Company has reasonable doubt that amounts due from customers will not be recoverable. The amount recognised as a provision is the best estimate of the consideration which will not be recoverable.

Ordinary share capital

Ordinary shares and preferred ordinary shares are classified as equity. Convertible redeemable preference shares are classified as debt.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year	3		2

3. Intangible assets

	Computer software		Development costs		Trademarks, patents and licences		Total
	£		£		£		£
Cost
At 01 March 2024	0		3,528,558		3,597		3,532,155
Additions	998,416		1,943,335		0		2,941,751
At 28 February 2025	998,416		5,471,893		3,597		6,473,906
Accumulated amortisation
At 01 March 2024	0		1,400,753		998		1,401,751
Charge for the financial year	0		801,584		359		801,943
At 28 February 2025	0		2,202,337		1,357		2,203,694
Net book value
At 28 February 2025	998,416		3,269,556		2,240		4,270,212
At 29 February 2024	0		2,127,805		2,599		2,130,404

4. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 March 2024	6,565		6,565
At 28 February 2025	6,565		6,565
Accumulated depreciation
At 01 March 2024	4,362		4,362
Charge for the financial year	705		705
At 28 February 2025	5,067		5,067
Net book value
At 28 February 2025	1,498		1,498
At 29 February 2024	2,203		2,203

5. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 March 2024	344,038
Additions	422,181
At 28 February 2025	766,219
Carrying value at 28 February 2025	766,219
Carrying value at 29 February 2024	344,038

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 28.02.2025	Ownership 29.02.2024	Held
Agrigate Limited	22 Chancery Lane, London, WC2A 1LS	Software business	Ordinary	100.00%	100.00%	Direct
OneSwitch Limited	22 Chancery Lane, London, WC2A 1LS	Payments business	Ordinary	100.00%	100.00%	Direct
AgrigateOne EU Platform	Aert van Nesstraat 45, 3012 CA Rotterdam, Netherlands	Software business	Ordinary	80.00%	0.00%	Direct
AgrigateOne EU BV	Aert van Nesstraat 45, 3012 CA Rotterdam, Netherlands	Software business	Ordinary	80.00%	0.00%	Indirect

6. Debtors

	2025		2024
	£		£
Trade debtors	288,286		203,899
Amounts owed by group undertakings	150,148		75,628
Other debtors	83,415		4,047
	521,849		283,574

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	280,613		117,352
Amounts owed to group undertakings	628,042		0
Other taxation and social security	9,024		88,874
Other creditors	156,216		224,416
	1,073,895		430,642

8. Provision for liabilities

	2025		2024
	£		£
Deferred tax	42,829		83,984

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,057,014 Ordinary £0.001 shares of £ 0.001 each	1,057		1,057
47,622 B1a Ordinary £0.001 shares of £ 0.001 each (2024: nil shares)	48		0
181,743 B1b Ordinary £0.001 shares of £ 0.001 each (2024: nil shares)	182		0
	1,287		1,057
1,251,418 Preferred ordinary £0.01 preference shares of £ 0.01 each	12,514		12,514
686,288 Series Seed £0.01 preference shares of £ 0.01 each (2024: nil shares)	6,863		0
	19,377		12,514
	20,664		13,571