REGISTERED NUMBER: 11511535 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FLOW GLOBAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M M E Rothe

N Garg

J Schaeferhoff

R A Matthews

REGISTERED OFFICE:

PO Box Level 39

Level 39, One Canada Square

Canary Wharf

LONDON

E14 5AB

REGISTERED NUMBER:

11511535 (England and Wales)

ACCOUNTANTS:

Wells Associates

Ground Floor Oakhurst House

77 Mount Ephraim

Tunbridge Wells

Kent

TN4 8BS

FIXED ASSETS

Intangible assets

4

602,389

379,882

Tangible assets

5

555

3,941

Investments

6

1,273,792

1,395,279

1,876,736

1,779,102

CURRENT ASSETS

Debtors

7

108,324

85,912

Cash at bank

102,372

170,863

210,696

256,775

CREDITORS

Amounts falling due within one year

8

(229,047

)

(754,344

)

NET CURRENT LIABILITIES

(18,351

)

(497,569

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,858,385

1,281,533

CREDITORS

Amounts falling due after more than one year

9

(1,869,473

)

(1,764,653

)

NET LIABILITIES

(11,088

)

(483,120

)

CAPITAL AND RESERVES

Called up share capital

1,039

1,000

Share premium

2,011,963

818,941

Convertible SAFE notes

76,534

109,643

Retained earnings

(2,100,624

)

(1,412,704

)

(11,088

)

(483,120

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 4 December 2025 and were signed on its behalf by:

M M E Rothe - Director

N Garg - Director

1.	STATUTORY INFORMATION

Flow Global 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.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33.33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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 the profit and loss account.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

421,976

Additions

281,485

At 31 December 2024

703,461

AMORTISATION

At 1 January 2024

42,094

Amortisation for year

58,978

At 31 December 2024

101,072

NET BOOK VALUE

At 31 December 2024

602,389

At 31 December 2023

379,882

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

1,772

8,031

9,803

Disposals

(1,772

)

-

(1,772

)

At 31 December 2024

-

8,031

8,031

DEPRECIATION

At 1 January 2024

1,063

4,799

5,862

Charge for year

-

2,677

2,677

Eliminated on disposal

(1,063

)

-

(1,063

)

At 31 December 2024

-

7,476

7,476

NET BOOK VALUE

At 31 December 2024

-

555

555

At 31 December 2023

709

3,232

3,941

6.	FIXED ASSET INVESTMENTS

2024

2023

£

£

Shares in group undertakings

644,218

231,452

Loans to undertakings in which the company has a participating interest

629,574

1,163,827

1,273,792

1,395,279

Additional information is as follows:

Shares in

group

undertakings

£

COST

At 1 January 2024

231,452

Additions

412,766

At 31 December 2024

644,218

NET BOOK VALUE

At 31 December 2024

644,218

At 31 December 2023

231,452

Loans to

subsidiaries

£

At 1 January 2024

1,163,827

New in year

231,139

Repayment in year

(367,925

)

Other movement

(397,467

)

At 31 December 2024

629,574

Shares in group undertakings represents the shareholdings held by the company in its subsidiaries Flow Madagascar, Flow Rwanda, Flow Uganda and Matoke Technologies Limited.

Loans to subsidiaries are interest free.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

23,137

24,350

Other debtors

85,187

61,562

108,324

85,912

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

70,165

12,853

Taxation and social security

43,377

87,430

Other creditors

115,505

654,061

229,047

754,344

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

1,869,473

1,764,653