REGISTERED NUMBER: 12494524 (England and Wales)

Report of the Director and

Financial Statements

For The Period 1st April 2024 to 30th September 2025

for

Innovaro Technology Ltd

Page

Company Information

1

Report of the Director

2

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

A Tillisch

REGISTERED OFFICE:

57-61 Mortimer Street

London

W1W 8HS

REGISTERED NUMBER:

12494524 (England and Wales)

The director presents his report with the financial statements of the company for the period 1st April 2024 to 30th September 2025.

COMMENCEMENT OF TRADING

The Company commenced trading on 9 October 2024, following the purchase from The Administrator of the trade and certain assets of the Ridgewall Group (In Administration).

The Company's key objectives are:

- Developing our core technology areas of modern work, infrastructure, cloud security and AI

- Retaining existing clients through continued service excellence

- Organic growth by securing new clients

- Growth by acquisition in existing and complementary markets.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of the provision of managed IT, cyber security, connectivity and cloud, unified communications and document solutions services, delivering a full range of services to meet the needs of our clients.

REVIEW OF BUSINESS

The Company's results for the 18 month period ended 30 September 2025, which reflect it's first 12 months of trading, showed revenue of £11.4m, gross profit of £5.8m, operating profit of £0.9m and a loss for the financial period of £1.0m (after charging £1.8m of exceptional supplier costs related to establishing the business).

Principally as a result of the exceptional supplier costs incurred during the period, shareholders' funds at 30 September 2025 are £(987k).

We continue to invest in the business to prepare for future growth. We anticipate that revenue and operating profit will grow in the year ending 30 September 2026, and that the Company will record a profit for the year.

FUTURE DEVELOPMENTS

The Company will continue to be at the forefront of next generation IT, cyber security, connectivity and cloud services, unified communications and document solutions. Whilst it is particularly strongly represented in the hospitality industry, the team's experience and capabilities mean that it is delivering value to clients across a broad and well-diversified range of sectors. The Group is well prepared for future growth.

The Company's focus is to continue the excellent progress that has been made since the business launched in October 2024.

Innovaro Technology Ltd is an exciting company with much potential and I look forward to reporting on the further progress being made in the coming months.

DIRECTOR

A Tillisch held office during the whole of the period from 1st April 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A Tillisch - Director

9th January 2026

FIXED ASSETS

Intangible assets

4

101,111

-

Tangible assets

5

21,502

-

122,613

-

CURRENT ASSETS

Stocks

7,953

-

Debtors

6

2,003,170

100

Cash at bank

240,439

-

2,251,562

100

CREDITORS

Amounts falling due within one year

7

3,361,254

-

NET CURRENT (LIABILITIES)/ASSETS

(1,109,692

)

100

TOTAL ASSETS LESS CURRENT LIABILITIES

(987,079

)

100

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(987,179

)

-

SHAREHOLDERS' FUNDS

(987,079

)

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th September 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9th January 2026 and were signed by:

A Tillisch - Director

1.	STATUTORY INFORMATION

Innovaro Technology Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Going concern

The financial statements have been prepared on the going concern basis.

The Director has reviewed the company's budgets and considered plans. The Director has reviewed the company's cash balances, debtor days and, combined with discussions with external advisers, he has concluded that there is a reasonable expectation that the company has adequate resources to continue operating and meeting the company's financial obligations for the foreseeable future, for a period no less than 12 months from the approval date of these financial statements. For this reason, he continues to adopt the going concern basis in preparing the company's financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 35 (2024 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

150,000

At 30th September 2025

150,000

AMORTISATION

Charge for period

48,889

At 30th September 2025

48,889

NET BOOK VALUE

At 30th September 2025

101,111

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

30,927

At 30th September 2025

30,927

DEPRECIATION

Charge for period

9,425

At 30th September 2025

9,425

NET BOOK VALUE

At 30th September 2025

21,502

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

697,538

-

Other debtors

1,305,632

100

2,003,170

100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,653,025

-

Taxation and social security

1,018,283

-

Other creditors

689,946

-

3,361,254

-