REGISTERED NUMBER: 12253462 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

INDEBTED PLATFORM CO UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J A Foreman

R T Young

N N Krauspe

E J Atkin

REGISTERED OFFICE:

16 High Holborn

London

WC1V 6BX

REGISTERED NUMBER:

12253462 (England and Wales)

AUDITORS:

Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

4

19,891

7,530

CURRENT ASSETS

Debtors

5

268,986

337,623

Cash at bank

49,255

120,861

318,241

458,484

CREDITORS

Amounts falling due within one year

6

1,756,826

1,744,119

NET CURRENT LIABILITIES

(1,438,585

)

(1,285,635

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,418,694

)

(1,278,105

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Other reserves

8

48,836

21,741

Retained earnings

8

(1,467,531

)

(1,299,847

)

SHAREHOLDERS' FUNDS

(1,418,694

)

(1,278,105

)

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 15 November 2025 and were signed on its behalf by:

J A Foreman - Director

1.	STATUTORY INFORMATION

InDebted Platform Co 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.

The company is primarily involved in the provision of debt collection services.

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.

Going concern

The parent company, InDebted Holdings Pty Ltd, has confirmed that they will continue to support the company for a period of at least twelve months and one day following the signing of the audit report attached to these financial statements. As such the directors have used the going concern basis in preparing the financial statements.

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 represents external sales recognised upon the collection of debts paid to customers, in line with their contractual agreements.

Other Income

Other income represents amounts recharged to group companies in accordance with the company's transfer pricing study, with turnover recognised when chargeable costs are incurred.

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

Tangible fixed assets

Tangible fixed assets are recorded are initially measured at cost. Subsequent measurement is at cost, net of depreciation and any impairment losses. Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its expected useful life.

Plant and machinery - 33% on cost

Financial instruments

Basic Financial Instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not have any Other Financial Instruments, as covered by Section 12 of FRS 102

Taxation

Taxation for the year 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 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.

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.

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.

Share-based payments

Equity-settled transactions are awards of shares, or options over shares, that are provided to employees in exchange for the rendering of services.

The cost of equity-settled transactions is measured at fair value on grant date. Fair value is determined using the Black-Scholes option pricing model that takes into account the exercise price, the term of the option, the share price at grant date and expected price volatility of the underlying share, the expected dividend yield and the risk free interest rate for the term of the option. The cost of equity-settled transactions is recognised as an expense with a corresponding increase in equity over the vesting period. The cumulative charge to profit or loss is calculated based on the grant date fair value of the award, the best estimate of the number of awards that are likely to vest and the expired portion of the vesting period. The amount recognised in profit or loss for the period is the cumulative amount calculated at each reporting date less amounts already recognised in previous periods.

The share based payment expense is recognised on the basis of a reasonable allocation of the group expense.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

12,356

Additions

19,713

At 30 June 2025

32,069

DEPRECIATION

At 1 July 2024

4,826

Charge for year

7,352

At 30 June 2025

12,178

NET BOOK VALUE

At 30 June 2025

19,891

At 30 June 2024

7,530

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

8,941

30,946

Amounts owed by group undertakings

216,309

286,074

Other debtors

43,736

20,603

268,986

337,623

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

3,935

5,209

Amounts owed to group undertakings

1,658,858

1,652,360

Taxation and social security

29,976

32,238

Other creditors & accruals

64,057

54,312

1,756,826

1,744,119

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

1

Ordinary

£1

1

1

8.

RESERVES

Retained

Other

earnings

reserves

Totals

£

£

£

At 1 July 2024

(1,299,847

)

21,741

(1,278,106

)

Deficit for the year

(167,684

)

(167,684

)

Share option charge

-

27,095

27,095

At 30 June 2025

(1,467,531

)

48,836

(1,418,695

)

The other reserves in the accounts consist solely of reserves from share based payments granted to employees.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Rachel Lockwood (Senior Statutory Auditor)

for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-

"Use of our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

10.	TRANSACTIONS WITH DIRECTORS

R T Young

During the year, R T Young charged the company board advisory fees of £27,000 (2024: £36,000). At the year end, there were no amounts (2024: £9,000) payable to R T Young.

11.	SHARE-BASED PAYMENT TRANSACTIONS

The Company has issued equity settled share options to its employees. The equity offered is that of the parent company, InDebted Holdings Pty Limited.

The options vest over a four-year period and are exercisable from the vesting date until ten years from the grant date. Twenty-five percent of the options will vest twelve months after issuance, while the remaining seventy-five percent will vest quarterly over the subsequent three-year period, subject to the employees’ continued employment with the company.

The share based payment expense is recognised on the basis of a reasonable allocation of the group expense. The charge recognised in the year was £27,095 (2024: £4,041).

12.	ULTIMATE PARENT COMPANY

The immediate and ultimate parent company is InDebted Holdings Pty Limited, a company incorporated at Level 12, Grosvenor Place, 225 George Street, Sydney, NSW 2000, Australia. InDebted Holdings Pty Limited is the largest and only group company to prepare consolidated financial statements. The consolidated financial statements are publicly available.