Matrix-IFS UK Ltd Filleted Accounts Cover |  |

| Matrix-IFS UK Ltd |
| Audited accounts |
|  | Company No. 08232268 |  |
|  |  | Information for Filing with The Registrar |  |  |
|  |  | 31 December 2024 |  |  |

Matrix-IFS UK Ltd Directors Report Registrar |  |

The Directors present their report and the accounts for the year ended 31 December 2024.
Principal activities |  |  |  |  |
The principal activity of the company during the year under review was provision of consulting and compliance technology services.
Directors |  |  |  |  |
The Directors who served at any time during the year were as follows:
N. Brenner |  |  |  |  |  |  |
M. Gutman |  |  |  |  |  |  |
Auditors
The auditors, Gordon Levy Limited, will be proposed for appointment in accordance with Section 486 of the Companies Act 2006.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board |  |  |  |
N. Brenner |  |  |  |  |  |
Director |  |  |  |  |  |
16 December 2025 |  |  |  |  |  |

Matrix-IFS UK Ltd Balance Sheet Registrar |  |

at | 31 December 2024 |  |  |  |  |  |  |
Company No. | 08232268 |  | Notes | 2024 |  |  |  | 2023
|  |  |  |  |  | £ |  |  |  | £
Current assets |  |  |  |  |  |  |
| Debtors |  | 4 | 3,252,713 |  |  |  | 1,890,323
| Cash at bank and in hand |  |  | 427,602 |  |  |  | 1,770,749
|  |  |  |  |  | 3,680,315 |  |  |  | 3,661,072
Creditors: Amount falling due within one year | 5 | (366,375) |  |  |  | (324,461)
Net current assets |  |  | 3,313,940 |  |  |  | 3,336,611
Total assets less current liabilities |  |  | 3,313,940 |  |  |  | 3,336,611
Net assets |  |  | 3,313,940 |  |  |  | 3,336,611
Capital and reserves |  |  |  |  |  |  |
| Called up share capital |  |  | 100 |  |  |  | 100
| Profit and loss account |  | 7 | 3,313,840 |  |  |  | 3,336,511
Total equity |  |  | 3,313,940 |  |  |  | 3,336,611
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 16 February 2025 and signed on its behalf by:
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 16 December 2025 and signed on its behalf by: |  |
N. Brenner |  |  |  |  |  |  |
Director |  |  |  |  |  |  |
16 December 2025 |  |  |  |  |  |  |  |

Matrix-IFS UK Ltd Notes to the Accounts Registrar |  |

for the year ended 31 December 2024 |  |  |  |  |  |  |  |

1 | General information |  |
| Matrix-IFS UK Ltd is a private company limited by shares and incorporated in England and Wales.
| Its registered number is: 08232268 |  |  |  |  |  |
| Its registered office is: |  |  |  |  |  |  |  |  |  |
| Suite 113, 150 Minories |  |  |  |  |  |  |  |  |  |
| London |  |  |  |  |  |  |  |  |  |
| EC3N 1LS |  |  |  |  |  |
| The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (January 2022) and the Companies Act 2006.
| Going concern |  |  |  |  |  |  |  |
| The accounts are prepared on a going concern basis. The company’s ability to meet its future working capital requirements and therefore continue as a going concern is dependent on it being able to generate future revenues and free cash flow. The directors consider the going concern basis to be prudent given the company's positive net asset position, and range of proposed expenditure, the business is well placed to operate within its existing cash resources.

2 | Accounting policies |  |  |  |  |  |  |  |

| Turnover
| Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.

| Tangible fixed assets and depreciation |  |  |  |  |  |  |  |
| Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
| Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
|  | Leasehold land and buildings |  | 20% Straight line |  |  |  |  |  |
|  | Plant and machinery |  | 33% Straight line |  |  |  |  |  |

| Taxation |  |  |  |  |  |
| Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

| 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.

| Trade and other creditors |  |  |  |  |  |  |  |
| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Foreign currencies |  |  |  |  |  |  |  |
| The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
| Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

| Judgements and key sources of estimation uncertainty
| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.

| Financial instruments
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

| Cash and cash equivalents
| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Loans and borrowing
| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

| Defined contribution pensions |  |  |  |  |  |  |  |
| The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
| The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

| Provisions |  |  |  |  |  |  |  |
| Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.

3 | Employees |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2024 |  |  |  | 2023
|  |  |  |  |  |  |  |  |  | Number |  |  |  | Number
|  | The average monthly number of employees (including directors) during the year was: | 11 |  |  |  | 7

4 | Debtors |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2024 |  |  |  | 2023
|  |  |  |  |  |  |  |  |  | £ |  |  |  | £
|  | Amounts owed by group undertakings |  |  |  | 3,210,930 |  |  |  | 1,850,774
|  | VAT recoverable |  |  |  | 14,613 |  |  |  | 12,542
|  | Other debtors |  |  |  | 2,300 |  |  |  | 8,531
|  | Prepayments and accrued income |  |  |  | 24,870 |  |  |  | 18,476
|  |  |  |  |  |  |  |  |  | 3,252,713 |  |  |  | 1,890,323

5 | Creditors: |  |  |  |  |  |  |  |
|  | amounts falling due within one year |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2024 |  |  |  | 2023
|  |  |  |  |  |  |  |  |  | £ |  |  |  | £
|  | Trade creditors |  |  |  | 40,248 |  |  |  | 53,475
|  | Amounts owed to group undertakings |  |  |  | 256,343 |  |  |  | 165,128
|  | Other creditors |  |  |  | 6,333 |  |  |  | 11,071
|  | Accruals and deferred income |  |  |  | 63,451 |  |  |  | 94,787
|  |  |  |  |  |  |  |  |  | 366,375 |  |  |  | 324,461

6 | Share Capital |  |  |  |  |  |  |  |
|  | 100 ordinary shares allotted with an aggregate nominal value of £1

7 | Reserves |  |  |  |  |  |  |  |
|  | Profit and loss account - includes all current and prior period retained profits and losses.

8 | Related party disclosures |  |  |  |  |  |
|  | Transactions with related parties |  |  |  |
|  | The company has taken advantage of the exemption available according with Section 33 of FRS 102 "Related part disclosure" not to disclose transactions entered into between two or more members of a group that are wholly owned.
|  | Parent Company |  |  |  |  |  |  |  |  |  |
|  | The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:
|  | Matrix IT Software Products Ltd |  |  |  |
|  | The parent's registered office address is: |  |  |  |
|  | Abba Eban Blvd 3 |  |  |  |  |  |  |  |
|  | Hertzliya |  |  |  |  |  |  |  |
|  | Israel |  |  |  |  |  |  |  |

9 | Audit of the accounts |  |  |  |  |  |
| Unqualified
| The auditors were: Gordon Levy Limited |  |  |  |  |  |  |  |
| The senior statutory auditor was: Gordon Levy BA, FCA

Matrix-IFS UK Ltd 08232268 31 December 2024 01 January 2024 false 16 December 2025 BTCSoftware AP Solution 2025 12.2.02 12.2.02 For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.true 08232268 2024-01-01 2024-12-31 08232268 2024-12-31 08232268 2023-12-31 08232268 core:WithinOneYear 2024-12-31 08232268 core:WithinOneYear 2023-12-31 08232268 core:ShareCapital 2024-12-31 08232268 core:ShareCapital 2023-12-31 08232268 core:RetainedEarningsAccumulatedLosses 2024-12-31 08232268 core:RetainedEarningsAccumulatedLosses 2023-12-31 08232268 countries:UnitedKingdom 2024-01-01 2024-12-31 08232268 bus:RegisteredOffice 2024-01-01 2024-12-31 08232268 core:LeasedAssetsHeldAsLessee core:LandBuildings 2024-01-01 2024-12-31 08232268 core:PlantMachinery 2024-01-01 2024-12-31 08232268 2023-01-01 2023-12-31 08232268 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 08232268 2024-01-01 08232268 bus:SmallEntities 2024-01-01 2024-12-31 08232268 bus:FullAccounts 2024-01-01 2024-12-31 08232268 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08232268 bus:Director1 2024-01-01 2024-12-31 08232268 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure