Company No: 07087612 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	2,495		2,719
Tangible assets	4	85,601		37,687
Investment property	5	932,787		0
		1,020,883		40,406
Current assets
Debtors	6	73,045		82,544
Cash at bank and in hand		1,037,673		1,761,597
		1,110,718		1,844,141
Creditors: amounts falling due within one year	7	( 234,851)		( 337,666)
Net current assets		875,867		1,506,475
Total assets less current liabilities		1,896,750		1,546,881
Provision for liabilities	8	( 20,814)		( 6,921)
Net assets		1,875,936		1,539,960
Capital and reserves
Called-up share capital		10		10
Profit and loss account		1,875,926		1,539,950
Total shareholders' funds		1,875,936		1,539,960

For the financial year ending 31 March 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 Netify Group Limited (registered number: 07087612) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Mr R J Sturt Director

16 December 2025

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

Netify Group 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 Netify Group Limited Moor Hall Barn, Workhouse Lane, Melton Constable, NR24 2BE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

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 Statement of Financial Position 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 or valuation, net of amortisation and any provision for impairment. 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:

Other intangible assets

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	20 years straight line
Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Computer equipment	25 % reducing balance

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	13		9

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 April 2024	3,886		3,886
Additions	170		170
At 31 March 2025	4,056		4,056
Accumulated amortisation
At 01 April 2024	1,167		1,167
Charge for the financial year	394		394
At 31 March 2025	1,561		1,561
Net book value
At 31 March 2025	2,495		2,495
At 31 March 2024	2,719		2,719

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£		£
Cost
At 01 April 2024	15,000		2,586		946		0		58,318		76,850
Additions	0		44,413		0		16,000		25,543		85,956
Disposals	( 15,000)		0		0		0		( 46,439)		( 61,439)
At 31 March 2025	0		46,999		946		16,000		37,422		101,367
Accumulated depreciation
At 01 April 2024	6,750		1,074		648		0		30,691		39,163
Charge for the financial year	750		6,497		74		0		10,228		17,549
Disposals	( 7,500)		0		0		0		( 33,446)		( 40,946)
At 31 March 2025	0		7,571		722		0		7,473		15,766
Net book value
At 31 March 2025	0		39,428		224		16,000		29,949		85,601
At 31 March 2024	8,250		1,512		298		0		27,627		37,687

5. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	0
Additions	932,787
As at 31 March 2025	932,787

6. Debtors

	2025		2024
	£		£
Trade debtors	0		2,205
Amounts owed by connected companies	0		690
Prepayments	1,653		8,257
Other debtors	71,392		71,392
	73,045		82,544

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	17,596		7,075
Amounts owed to directors	922		0
Taxation and social security	214,148		329,389
Other creditors	2,185		1,202
	234,851		337,666

8. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 6,921)		( 7,744)
(Charged)/credited to the Profit and Loss Account	( 13,893)		823
At the end of financial year	( 20,814)		( 6,921)

The deferred taxation balance is made up as follows:

	2025		2024
	£		£
Accelerated capital allowances	( 20,839)		( 6,985)
Pension surplus	25		64
	( 20,814)		( 6,921)

9. Financial commitments

Pensions

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,036 (2024 - £2,561) . Contributions totalling £1,400 (2024 - £255) were payable to the fund at the reporting date and are included in creditors.

	2025		2024
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	1,400		255
Company pension costs	6,036		2,561
	7,436		2,816