Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
22 December 2025

And signed on behalf of the board by:
Name: Oliver Clark
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2025

Balance sheet

As at 31 March 2025

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Turnover policy

  A critical judgement in applying the Company’s revenue recognition policies is whether the software licences that it grants to customers are distinct from the other performance obligations included in the overall contract. This involves assessing whether the customer can benefit from the software licence on its own or together with readily available resources that the customer already controls. If the customer can do this then the licence would typically be recognised as soon as the customer has access to it. Where the licence is not distinct then it will be recognised based on the recognition pattern of the other performance obligations in the contract. In respect of the Company’s software, the directors have concluded that, while implementation and support and maintenance services are routinely included in licence agreements, these services are not interdependent and interrelated and that the customer can benefit from the licence distinct from the on- going support and maintenance services. Accordingly, licences granted by the Company are treated as distinct, and recognised at a point in time when the customer has access to the software. Accordingly, the analysis of the Company’s turnover for the year from continuing operations is as follows: 2025 2024 £ £ Software licences recognised at point in time 5,329,527 4,776,608

  Tangible fixed assets depreciation policy

  plant and equipment Property, plant and equipment is stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives as follows: Leasehold improvements 20% straight-line Fixtures and fittings 25% straight-line Office & computer equipment 25% straight-line The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Leases The Company leases various offices. Rental contracts are typically made for fixed periods of five years, but they might have termination extension options. Such options are used to maximize operational flexibility in terms of managing the assets used in the Company’s operations. The majority of extension and termination options held are exercisable only by the Company and not by the respective lessor. In determining the lease term, management considers all facts and circumstances that create an economic incentive to exercise an extension option, or to not exercise a termination option. Extension options (or periods after termination options) are only included in the lease term if the lease is reasonably certain to be extended (or not terminated). The lease term is reassessed if an option is actually exercised (or not exercised) or the Company becomes obliged to exercise (or not exercise) it. The assessment of reasonable certainty is only revised if a significant event or a significant change in circumstances occurs, which affects this assessment, and that is within the control of the lessee. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments fixed payments (including in-substance fixed payments), less any lease incentives receivable. Lease liabilities are measured at amortised cost. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the Company, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions. Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right-of-use assets are measured at cost, comprising the following: the amount of the initial measurement of lease liability, any lease payments made at or before the commencement date, less any lease incentives received, any initial direct costs, and restoration costs. Right-of-use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight-line basis. If the Company is reasonably certain to exercise a purchase option, the right-of-use asset is depreciated over the underlying asset’s useful life. Payments associated with short-term leases of equipment and vehicles, and all leases of low-value assets, are recognised on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of 12 months or less without a purchase option. Low-value assets comprise IT equipment and small items of office furniture. In accordance with IFRS 1, on first-time adoption of UK-adopted international accounting standards on 1 April 2023 the Company did not retrospectively apply the policies above to lease arrangements. Instead the Company: made assessments of whether arrangements contained a lease based on the facts and circumstances at the transition date; assessed the lease term based on facts and circumstances at that date; calculated the present value of the remaining lease payments using incremental borrowing rates at that date; and recognised right of use assets as an equal and opposite amount to the lease liabilities so calculated, adjusted for any prepayments or accruals associated with the lease under previous accounting

  Intangible fixed assets amortisation policy

  Intangible assets comprise development expenditure. Intangible assets are initially recognised at cost, which is the purchase price plus any directly attributable costs. Subsequently intangible assets are measured at cost less any accumulated amortisation and impairment loss. Intangible assets are tested for impairment where indication of impairment exists at the reporting date. The Company recognises an intangible asset in respect of development expenditure when it can demonstrate: a) The technical feasibility of completing the intangible asset so that it will be available for use or sale; b) Its intention to complete the intangible asset and use or sell it; c) Its ability to use or sell the intangible asset d) How the intangible asset will generate probable future economic benefits – among other things, the Company can demonstrate the existence of a market for the output of the intangible asset or the intangible asset itself or, if it is to be used internally, the usefulness of the intangible asset. e) The availability of adequate technical, financial, and other resources to complete the development and to use or sell the intangible asset, and f) Its ability to reliably measure the expenditure attributable to the intangible asset during its development. All expenditure not meeting the criteria set out above is expensed in the period in which it is incurred. Amortisation Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows: Asset Class Amortisation method and rate Development 5 years straight line

  Other accounting policies

  Investments in subsidiaries Investments in subsidiary undertakings are recognised at cost less accumulated impairment losses. Impairment of non-current assets At each reporting date, the Company reviews the carrying value of its assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount is estimated in order to determine the value of the impairment loss. The recoverable amount of an asset is the higher of fair value less costs to sell and value in use. Value in use is the present value of the future cash flows expected to be derived from the asset. The present value calculation involves estimating the future cash inflows and outflows to be derived from continuing use of the asset and from its ultimate disposal, applying an appropriate discount rate to those future cash flows. Where the recoverable amount of an asset is less than the carrying amount an impairment loss is recognised immediately in profit or loss. An impairment loss recognised for all assets is reversed in a subsequent year, if, and only if, the reasons for the impairment loss have ceased to apply. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade receivables Trade receivables are amounts due from customers for goods sold or services performed in the ordinary course of business. They are generally due for settlement within 60 days and are therefore all classified as current. Trade receivables are recognised initially at the amount of consideration that is unconditional, unless they contain significant financing components, in which case they are recognised at fair value. The Company holds the trade receivables with the objective of collecting the contractual cash flows, and it therefore measures them subsequently at amortised cost using the effective interest method, less loss allowance. The Company applies the IFRS 9 simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance for all trade receivables and contract assets. Opus 2 Lex Limited Notes to the financial statements For the year ended 31 March 2025 14 1 Accounting policies (continued) To measure the expected credit losses, trade receivables and contract assets have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles of sales over the preceding period of 36 months and the corresponding historical credit losses experienced within this period. Trade receivables and contract assets are written off where there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the Company. Impairment losses on trade receivables and contract assets are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited against the same line item. Other financial receivables Other financial receivables are amounts arising from contracts other than those with customers and are measured at amortised cost. Trade payables Trade payables are obligations to pay for goods or services performed in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Provisions For all property leases, consideration is given to the anticipated cost levels for reinstating premises to their condition at the commencement of any lease and this cost is accounted for across the full term of the underlying lease. Dividends The Company recognises a liability to pay a dividend when the distribution is authorised, and the distribution is no longer at the discretion of the Company. Pensions The Company contributes to a company pension scheme alongside employees under a defined contribution scheme. All associated costs are charged to profit or loss as incurred.

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	27	24