Inside The Pocket Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 12607772

		2024		2023 as restated
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,549,387		1,368,111
Tangible Assets	5		1,644		2,411
Investments	6		386,024		385,999

			1,937,055		1,756,521
CURRENT ASSETS
Debtors	7	111,486		114,559
Cash at bank and in hand		5,036		653

		116,522		115,212
Creditors: Amounts Falling Due Within One Year	8	(1,285,434 )		(439,483 )

NET CURRENT ASSETS (LIABILITIES)			(1,168,912 )		(324,271 )

TOTAL ASSETS LESS CURRENT LIABILITIES			768,143		1,432,250

Creditors: Amounts Falling Due After More Than One Year	9		(75,000 )		-

NET ASSETS			693,143		1,432,250

CAPITAL AND RESERVES
Called up share capital	10		174,481		174,481
Share premium account			3,961,942		3,961,942
Other reserves			900,000		1,270,000
Profit and Loss Account			(4,343,280 )		(3,974,173 )

SHAREHOLDERS' FUNDS			693,143		1,432,250

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Inside The Pocket Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr. Syed Naqi

Director

23 December 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Inside The Pocket Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12607772 . The registered office is C/O Gs Verde Accountants The Mezzanine, 1 The Square, Bristol, City Of Bristol, BS1 6DG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover represents income from services provided during the year. Revenue is recognised when the service has been performed and the amount can be measured reliably. Turnover is stated net of value added tax.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Research and Development

Development expenditure is capitalised where the criteria set out in FRS 102 are met. Management has assessed that these criteria are satisfied.

Capitalised development costs are not amortised until the related asset is available for use, being when it is in the location and condition necessary for it to operate as intended by management.

Until this point, capitalised costs are presented as intangible assets in development and are carried at cost less any accumulated impairment losses.

Once the asset becomes available for use, it is transferred to intangible assets in use and amortised on a straight-line basis over its estimated useful economic life.

Intangible assets in development are reviewed annually for indicators of impairment.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

20% Reducing Balance

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was 1 (2023: 1)

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Inside The Pocket Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 January 2024	1,368,111
Additions	181,276

As at 31 December 2024	1,549,387

Net Book Value
As at 31 December 2024	1,549,387

As at 1 January 2024	1,368,111

The intangible asset balance relates to internally developed software that remains in development and is not yet available for use at the reporting date. Accordingly, no amortisation has been charged during the year.

In prior years, amortisation was charged prematurely. This has been identified as a prior period error and corrected through opening reserves in the current year. Comparative figures have been restated accordingly.

The carrying value of the intangible asset represents capitalised development expenditure. An impairment review was performed at the reporting date and no impairment was identified.

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	3,835

As at 31 December 2024	3,835

Depreciation
As at 1 January 2024	1,424
Provided during the period	767

As at 31 December 2024	2,191

Net Book Value
As at 31 December 2024	1,644

As at 1 January 2024	2,411

6. Investments

	Other
	£
Cost or Valuation
As at 1 January 2024	1,049,362
Additions	25

As at 31 December 2024	1,049,387

Provision
As at 1 January 2024	663,363

As at 31 December 2024	663,363

...CONTINUED

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Inside The Pocket Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	386,024

As at 1 January 2024	385,999

Investments in subsidiary undertakings are stated at cost less provision for impairment. The carrying value has been reviewed at the reporting date. Movements in investment provisions are presented separately from intangible asset movements.

Movements in investments during the year are unrelated to, and have no connection with, capitalised software development costs recognised as intangible assets.

7. Debtors

	2024	2023 as restated
	£	£
Due within one year
Other debtors	111,486	110,146
Due after more than one year
Other debtors	-	4,413

	111,486	114,559

8. Creditors: Amounts Falling Due Within One Year

	2024	2023 as restated
	£	£
Trade creditors	2,736	72,721
Other loans	1,020,050	-
Other taxes and social security	30,091	57,210
Net wages	-	11,612
Accruals and deferred income	-	3,930
Directors' loan accounts	232,557	294,010

	1,285,434	439,483

The outstanding PAYE balance has been recognised based on the company’s accounting records. Formal confirmation from HMRC is pending, and any adjustment identified will be accounted for in the subsequent financial year.

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023 as restated
	£	£
Other creditors	75,000	-

Equity Commitment to Introducer

On 5 April 2024 the Company confirmed its intention to issue 0.5% of the ordinary share capital of Inside the Pocket Limited to an introducer, Martin Olima/Pa33word Limited, in consideration for introductions leading to the Winsure Group investment.

As at 31 December 2024:

no shares have been issued,

no share agreement has been executed,

the arrangement remains subject to the Company securing further funding and completing formal legal documentation.

Accordingly, no equity has been recognised in these financial statements. The Company will account for the transaction once the equity issuance becomes legally binding.

In addition, the Company acknowledges a remaining commission liability of £75,000 payable to Martin Olima/Pa33word Limited. This amount has been recognised as a creditor at the reporting date.

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Inside The Pocket Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Share Capital

	2024	2023 as restated
	£	£
Called Up Share Capital not Paid	100,000	100,000
Called Up Share Capital has been paid up	74,481	74,481

Amount of Allotted, Called Up Share Capital	174,481	174,481

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