REGISTERED NUMBER: 15407994 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

12 JANUARY 2024 TO 31 OCTOBER 2024

FOR

ZITCHA UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J H Byrne

T Townsend

REGISTERED OFFICE:

10 John Street

London

WC1N 2EB

BUSINESS ADDRESS:

79-81 Borough Road

London

SE1 1DN

REGISTERED NUMBER:

15407994 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

CURRENT ASSETS

Debtors

4

287,863

Cash at bank

58,990

346,853

CREDITORS

Amounts falling due within one year

5

578,584

NET CURRENT LIABILITIES

(231,731

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(231,731

)

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

(231,831

)

SHAREHOLDERS' FUNDS

(231,731

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2025 and were signed on its behalf by:

J H Byrne - Director

1.	STATUTORY INFORMATION

Zitcha 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.

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.

The financial statements have been prepared on a going concern basis as Zitcha Holding Pty Ltd, the Parent Company, will continue to support the Company for a period of at least 12 months and one day from the date the balance sheet is signed.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Revenue is recognised in accordance with the company's revenue recognition policy. Implementation fees are recognised upfront when the onboarding process begins, as these fees relate to the initial set up of customer platforms and the support provided during implementation. Subscription fees are recognised monthly over the subscription period, reflecting ongoing access to the platform and associated services, starting from the agreed go-live date or as otherwise specified in the customer contract.

Financial instruments

Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any other Financial Instruments as covered by Section 12 of FRS102.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income 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 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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 3 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

281,296

Other debtors

6,567

287,863

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

29,578

Amounts owed to group undertakings

352,956

Taxation and social security

14,816

Other creditors & accruals

181,234

578,584

6.	LEASING AGREEMENTS

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

£

Within one year

51,000

Between one and five years

10,200

61,200

The company entered into a lease agreement that started on 1 January 2025, after the year end.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

8.	ULTIMATE CONTROLLING PARTY

The immediate parent company and ultimate controlling party is Zitcha Holding Pty Ltd, a company incorporated in Australia. Zitcha Holding Pty Ltd does not prepare consolidated financial statements.