Registration number: 04155619

CLOUD BOOKING LIMITED

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

CLOUD BOOKING LIMITED

Company Information

Directors

P G Brennan C Brennan S L Copplestone

Registered office

4th Floor 49 St James's Street London SW1A 1AH

Accountants

K&S Professionals Limited Chartered Certified Accountants41 Rivington Crescent Mill Hill London NW7 2LF

CLOUD BOOKING LIMITED

(Registration number: 04155619)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	3,236,482	3,694,972
Tangible assets	5	21,286	63,709
		3,257,768	3,758,681
Current assets
Stocks	6	8,890	-
Debtors	7	905,889	1,229,936
Cash at bank and in hand		82,514	15,234
		997,293	1,245,170
Creditors: Amounts falling due within one year	8	(4,226,667)	(4,887,032)
Net current liabilities		(3,229,374)	(3,641,862)
Total assets less current liabilities		28,394	116,819
Creditors: Amounts falling due after more than one year	8	(930,508)	(1,559,193)
Provisions for liabilities		(17,257)	(17,257)
Net liabilities		(919,371)	(1,459,631)
Capital and reserves
Called up share capital	9	821	821
Capital redemption reserve		450	450
Retained earnings		(920,642)	(1,460,902)
Shareholders' deficit		(919,371)	(1,459,631)

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 December 2025 and signed on its behalf by:
 

CLOUD BOOKING LIMITED

(Registration number: 04155619)
Balance Sheet as at 30 June 2025

......................................... P G Brennan Director

CLOUD BOOKING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4th Floor
49 St James's Street
London
SW1A 1AH

These financial statements were authorised for issue by the Board on 30 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the
period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

CLOUD BOOKING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Rendering of services
The majority of the company's turnover arises from the sale of licence agreements to clients. These licence agreements are of a fixed term, typically twelve months, but occassionally longer. The ompany recognises revenue arising from the sale of such licence fees over the period to which the licence fee relates.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor Vehicles	25% Reducing balance method
Computer equipment	25% Straight Line method

Development costs

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

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.

CLOUD BOOKING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired 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 creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

CLOUD BOOKING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 45 (2024 - 59).

CLOUD BOOKING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4	Intangible assets

	Internally generated software development costs  £	Total £
Cost or valuation
At 1 July 2024	5,466,763	5,466,763
Additions acquired separately	92,366	92,366
At 30 June 2025	5,559,129	5,559,129
Amortisation
At 1 July 2024	1,771,791	1,771,791
Amortisation charge	550,856	550,856
At 30 June 2025	2,322,647	2,322,647
Carrying amount
At 30 June 2025	3,236,482	3,236,482
At 30 June 2024	3,694,972	3,694,972

5	Tangible assets

	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 July 2024	146,586	98,617	245,203
Additions	4,997	-	4,997
Disposals	-	(65,087)	(65,087)
At 30 June 2025	151,583	33,530	185,113
Depreciation
At 1 July 2024	121,333	50,599	171,932
Charge for the year	22,961	9,567	32,528
Eliminated on disposal	-	(40,633)	(40,633)
At 30 June 2025	144,294	19,533	163,827
Carrying amount
At 30 June 2025	7,289	13,997	21,286
At 30 June 2024	15,691	48,018	63,709

CLOUD BOOKING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

6

Stocks

	2025 £	2024 £
Other inventories	8,890	-

7

Debtors

Current	Note	2025 £	2024 £
Trade debtors		559,338	876,252
Amounts owed by related parties	11	244,644	244,859
Prepayments		91,764	108,825
Other debtors		10,143	-
		905,889	1,229,936

CLOUD BOOKING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	412,769	421,356
Trade creditors		641,207	554,170
Taxation and social security		269,129	800,226
Accruals and deferred income		2,420,000	2,458,735
Other creditors		483,562	652,545
		4,226,667	4,887,032

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	930,508	1,559,193

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	821	821	821	821

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	827,246	1,028,950
Hire purchase contracts	-	32,766
Other borrowings	103,262	497,477
	930,508	1,559,193

Current loans and borrowings

CLOUD BOOKING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

	2025 £	2024 £
Bank borrowings	412,769	412,769
Hire purchase contracts	-	8,587
	412,769	421,356

The secured debt relates to a bank loan in relation to which the bank has fixed and floating charge over the leasehold property and the undertakings of the company.

11	Related party transactions

Included within debtor due within one year is an amount of £244,859 (2024: 244,859) due from related company.

This balance arose as a result of financing transactions during the year.

12	Ultimate Controlling Party

The controlling party is Cloud (Holdings) Limited.

The ultimate controlling party is P. G. Brennan and C. Brennan.