Company No: 07861785 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	1		1
Tangible assets	4	609		953
		610		954
Current assets
Debtors	5	102,440		118,248
Cash at bank and in hand		5,047		8,455
		107,487		126,703
Creditors: amounts falling due within one year	6	( 443,099)		( 355,762)
Net current liabilities		(335,612)		(229,059)
Total assets less current liabilities		(335,002)		(228,105)
Creditors: amounts falling due after more than one year	7	( 3,557,994)		( 3,268,440)
Net liabilities		( 3,892,996)		( 3,496,545)
Capital and reserves
Called-up share capital	8	51,335		51,335
Share premium account		160,000		160,000
Profit and loss account		( 4,104,331 )		( 3,707,880 )
Total shareholders' deficit		( 3,892,996)		( 3,496,545)

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 Statement of Comprehensive Income has not been delivered.

The financial statements of Ideaswise Limited (registered number: 07861785) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Animatrix Limited Director

22 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

Ideaswise 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 First Floor, 5 Fleet Place, London, EC4M 7RD, United Kingdom.

The financial statements have been prepared under the historical cost convention 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

At the reporting date the company had net liabilities of £3,892,996.

The working capital requirements of the company will soon be met by ongoing sales and Animatrix Limited, the company's parent entity, has undertaken not to withdraw the current loan facility for the foreseeable future.

On this basis the directors consider it appropriate to prepare the financial statements on a going concern
basis.

Foreign currency

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.

Turnover

Turnover represents subscription income and is recognised when the service is performed to the extent that it is probable that economic benefits will flow into the Company and excludes value added tax.

Employee benefits

Defined benefit schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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 liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Intangible assets

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated impairment losses.

Other intangible assets

not amortised

Research and development

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

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:

Plant and machinery etc.

4 years straight line

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 statement of income.

Impairment of assets

At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets classified as receivable within one year are not amortised.

Financial liabilities
Basic financial liabilities, including trade and other creditors, accruals and loans from related parties, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	6		7

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 April 2024	1		1
At 31 March 2025	1		1
Accumulated amortisation
At 01 April 2024	0		0
At 31 March 2025	0		0
Net book value
At 31 March 2025	1		1
At 31 March 2024	1		1

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2024	6,382		6,382
At 31 March 2025	6,382		6,382
Accumulated depreciation
At 01 April 2024	5,429		5,429
Charge for the financial year	344		344
At 31 March 2025	5,773		5,773
Net book value
At 31 March 2025	609		609
At 31 March 2024	953		953

5. Debtors

	2025		2024
	£		£
Trade debtors	32,166		13,955
Corporation tax	68,842		102,860
Other debtors	1,432		1,433
	102,440		118,248

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	67,258		33,155
Other taxation and social security	39,267		26,137
Other creditors	336,574		296,470
	443,099		355,762

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	3,557,994		3,268,440

Included in other payables is a loan of £3,557,994 (2024 - £3,268,440 ) provided by Animatrix Limited secured by way of a fixed and floating charge over all the current and future assets of the company.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
513,345 Ordinary shares of £ 0.10 each	51,335		51,335