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Registered number: 11381441
Nutun UK Limited
Strategic Report, Directors' Report and
Financial Statements
For The Year Ended 30 September 2025
TFA Accountants Ltd
Nutun UK Limited
Contents
Contents

| Page
--- | ---
Strategic Report | 1—2
Directors' Report | 3—4
Independent Auditor's Report | 5—6
Statement of Comprehensive Income | 7
Statement of Financial Position | 8
Statement of Changes in Equity | 9
Statement of Cash Flows | 10
Notes to the Statement of Cash Flows | 11
Notes to the Financial Statements | 12—17

Page 1
Nutun UK Limited
Strategic Report
For The Year Ended 30 September 2025
Strategic Report
The directors present their strategic report for the year ended 30 September 2025.
Review of the Business
During the FY25 the company made a profit mainly attributable to decrease in direct expenses and reduction in high payroll costs. The reduction in Revenue is due to campaigns closure and fewer heads billed in the FY25 year. The company maintained healthy cash flows and a solid balance sheet. The cash balance in FY25 is lower than FY24 as all outstanding creditors were paid.
Principal Risks and Uncertainties
Competitive risks
The Business Process Outsourcing industry is a competitive one. The company ensures margins are maintained by analysing margins on a customer-by-customer basis. Margins are agreed at the start of any contract when possible and reviewed throughout.
By focusing on a strong suite of offerings, the company believes that it is in as strong a position as possible within the markets it currently operates in and is also well set for future growth.
Legislative risks
The company is exposed to and is required to comply with all the prevailing laws and regulations in the United Kingdom. The company regularly engages with its appointed accounting service provider to ensure compliance is met, together with engaging with any legal counsel should the need arise.
Financial risks
The company's main financial instruments comprise cash, and various items such as trade debtors and trade creditors. The main purpose of these instruments is to provide finance for the company's operations.
There are limited risks arising to the company as a result of these instruments and the directors agree policies for the management of these risks. The policies have remained unchanged from the previous year.
Liquidity risk
The working capital requirements of the company are closely monitored by the directors. Cash flow forecasts are regularly prepared and updated and the company undertakes regular dialogue with its banks. Both of these measures help alert the directors to any future risks and ensure that there are sufficient funds available for operations.
...CONTINUED
Page 1
Page 2
Nutun UK Limited
Strategic Report (continued)
For The Year Ended 30 September 2025
Review of the Business - continued
Financial key performance indicators
The KPI used by the directors are as follows:
2025 2024
Turnover £17,149k £22,802k
Growth in turnover % -25% -30%
Gross profit % 6.5% 5%
PBT £416.4k £-354.2k
The turnover decrease was mainly due to campaign closures and reduction in billable heads due to seasonal fluctuations in FY25.
Gross profit % increased from 2024 because of the decrease in cost of sales.
Expenses decreased during the FY mainly due to:
1. Decrease in payroll costs. FY24 consisted of 7 employees that were employed during the year until the business reduced the number of staff to 2 employees by the end of 2025. Accordingly, FY24 included higher bonuses, leave payouts, retrenchment and recruitment fees.
2. Decrease in Rent.
3. Decrease in Consultancy fees.
On behalf of the board

Mr Carl De Villiers Director
06/02/2026

Page 2
Page 3
Nutun UK Limited
Company No. 11381441
Directors' Report For The Year Ended 30 September 2025
Directors' Report
The directors present their report and the financial statements for the year ended 30 September 2025.
Principal Activity
The company's principal activity continues to be that of selling contact centre services on behalf of Synergy Contact Centre (Pty) Ltd which is based in South Africa.
Nutun UK Limited was formerly Synergy Outsourcing Limited and there was a change of name during the accounting period on 22/02/2024.
Directors
The directors who held office during the year were as follows:

Mr Carl De Villiers
Mr Stephen De Blanche
Mr Oliver Starbuck
Mr Ruben Moggee | Appointed | 01/11/2024

Statement of Directors' Responsibilities
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Page 3
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Nutun UK Limited
Directors' Report (continued)
For The Year Ended 30 September 2025
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Directors' Report is approved:

- so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
- they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors
The auditors, for and on behalf of RPG Crouch Chapman LLP, Statutory Auditor, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.
On behalf of the board

Mr Carl De Villiers Director
06/02/2026

Page 4
Page 5
Independent Auditor's Report
to the Members of
Nutun UK Limited
Independent Auditor's Report
Opinion
We have audited the financial statements of Nutun UK Limited for the year ended 30 September 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its profit for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:

- the information given in the directors’ report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
- the directors’ report has been prepared in accordance with applicable legal requirements.

Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors’ remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit

Page 5
Page 6
Independent Auditor's Report (continued)
to the Members of
Nutun UK Limited
Responsibilities of Directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- Agreement of the financial statement disclosures to underlying supporting documentation;
- Enquiries with management; and
- Obtaining an understanding of the control environment in monitoring compliance with laws and regulations.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the FRC’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Other matters
Use Of Our Report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Steven Johnson BEng (Hons) FCCA (Senior Statutory Auditor) (Senior Statutory Auditor) (Senior Statutory Auditor) for and on behalf of for and on behalf of RPG Crouch Chapman LLP, Statutory Auditor , Statutory Auditor
06/02/2026

Page 6
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Nutun UK Limited
Statement of Comprehensive Income
For The Year Ended 30 September 2025
Statement of Comprehensive Income

| 2025 |  | 2024
--- | --- | --- | ---
| Notes | £ |  | £
TURNOVER |  | 17,149,171 |  | 22,801,508
Cost of sales |  | (16,036,294 ) |  | (21,588,728 )
GROSS PROFIT |  | 1,112,877 |  | 1,212,780
Distribution costs |  | (122 ) |  | 197
Administrative expenses |  | (627,327 ) |  | (1,700,615 )
OPERATING PROFIT/(LOSS) | 3 | 485,428 |  | (487,638 )
Other interest receivable and similar income | 7 | 62,610 |  | 41,716
Interest payable and similar charges | 8 | (3,733 ) |  | (11,323 )
PROFIT/(LOSS) BEFORE TAXATION |  | 544,305 |  | (457,245 )
Tax on Profit/(loss) | 9 | (127,877 ) |  | 102,997
PROFIT/(LOSS) AFTER TAXATION BEING PROFIT/(LOSS) FOR THE FINANCIAL YEAR |  | 416,428 |  | (354,248 )
OTHER COMPREHENSIVE INCOME FOR THE YEAR |  | - |  | -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |  | 416,428 |  | (354,248 )

There were no recognised gains and losses for 2024 or 2023 other than those included in the statement of comprehensive
income.
There was no other comprehensive income in the year.
The notes on pages 11 to 17 form part of these financial statements.
Page 7
Page 8
Nutun UK Limited
Statement of Financial Position
As At 30 September 2025
Statement of Financial Position
Registered number: 11381441

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investments | 11 |  | 1 |  | 1
|  |  | 1 |  | 1
CURRENT ASSETS
Debtors | 12 | 2,570,051 |  | 3,909,808 |
Cash at bank and in hand |  | 389,373 |  | 1,333,951 |
|  | 2,959,424 |  | 5,243,759 |
Creditors: Amounts Falling Due Within One Year | 13 | (1,920,558 ) |  | (4,621,321 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,038,866 |  | 622,438
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,038,867 |  | 622,439
NET ASSETS |  |  | 1,038,867 |  | 622,439
CAPITAL AND RESERVES
Called up share capital | 14 |  | 980 |  | 980
Income Statement |  |  | 1,037,887 |  | 621,459
SHAREHOLDERS' FUNDS |  |  | 1,038,867 |  | 622,439

On behalf of the board

Mr Carl De Villiers Director
06/02/2026

The notes on pages 11 to 17 form part of these financial statements.
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Nutun UK Limited
Statement of Changes in Equity
For The Year Ended 30 September 2025
Statement of Changes in Equity

| Share Capital | Income Statement | Total
--- | --- | --- | ---
| £ | £ | £
As at 1 October 2023 | 980 | 975,707 | 976,687
Loss for the year and total comprehensive income | - | (354,248 ) | (354,248)
As at 30 September 2024 and 1 October 2024 | 980 | 621,459 | 622,439
Profit for the year and total comprehensive income | - | 416,428 | 416,428
As at 30 September 2025 | 980 | 1,037,887 | 1,038,867

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Nutun UK Limited
Statement of Cash Flows
For The Year Ended 30 September 2025
Statement of Cash Flows

| 2025 |  | 2024
| Notes | £ |  | £
Cash flows from operating activities
Net cash used in operations | 1 | (997,732 ) |  | (511,276 )
Interest paid |  | (3,733 ) |  | (11,323 )
Tax paid |  | (5,601 ) |  | (212,016 )
Net cash used in operating activities |  | (1,007,066 ) |  | (734,615 )
Cash flows from investing activities
Interest received |  | 62,610 |  | 41,716
Decrease in cash and cash equivalents |  | (944,456 ) |  | (692,899 )
Cash and cash equivalents at beginning of year | 2 | 1,333,951 |  | 2,026,653
Foreign exchange (losses)/gains on cash and cash equivalents |  | (122 ) |  | 197
Cash and cash equivalents at end of year | 2 | 389,373 |  | 1,333,951

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Nutun UK Limited
Notes to the Statement of Cash Flows
For The Year Ended 30 September 2025
Notes to the Statement of Cash Flows
1. Reconciliation of profit/(loss) for the financial year to cash used in operations

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Profit/(loss) for the financial year | 416,428 |  | (354,248 )
Adjustments for:
Tax on profit/(loss) | 127,877 |  | (102,997 )
Interest expense | 3,733 |  | 11,323
Interest income | (62,610 ) |  | (41,716 )
Depreciation of tangible assets | - |  | 894
Foreign exchange losses/(gains) | 122 |  | (197)
Movements in working capital:
Decrease in trade and other debtors | 1,236,956 |  | 2,319,364
Decrease in trade and other creditors | (2,720,238 ) |  | (2,343,699 )
Net cash used in operations | (997,732 ) |  | (511,276 )

2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cash at bank and in hand | 389,373 |  | 1,333,951

3. Analysis of changes in net funds

| As at 1 October 2024 | Cash flows | As at 30 September 2025
--- | --- | --- | ---
| £ | £ | £
Cash at bank and in hand | 1,333,951 | (944,578) | 389,373

Page 11
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Nutun UK Limited
Notes to the Financial Statements
For The Year Ended 30 September 2025
Notes to the Financial Statements
1. General Information
Nutun UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11381441 . The registered office is 7 Hatton Street, London, NW8 8PL.
Nutun UK Limited was formerly Synergy Outsourcing Limited and there was a change of name on 22/02/2024.
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 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The Company's operational and functional currency is GBP.
The financial statements are presented in Sterling (£) and all amounts have been rounded to the nearest £.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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. 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:

Fixtures & Fittings | 2 years straight line method
Computer Equipment | 2 years straight line method

2.4. Investments
Valuation of Investments
Investments in subsidiaries are measured at cost less accumulated impairment.
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.6. Financial Instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments
2.7. Interest Receivable
Interest income is recognised in profit or loss using the effective interest method.
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Nutun UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
2.8. Interest Payable
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
2.9. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.10. 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 statement of comprehensive income 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 timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.11. Provisions and Contingencies
Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
2.12. Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
2.13. Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
2.14. 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.
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Nutun UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
3. Operating Profit/(loss)
The operating profit/(loss) is stated after charging:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Reorganisation expenditure | - |  | 13,985
Depreciation of tangible fixed assets | - |  | 894

There was also an adjustment for a settlement claim of £1.25m included in Commissions Payable under Cost of Sales
4. Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Audit Services
Audit of the company's financial statements | 24,000 |  | 23,100

5. Staff Costs
Staff costs, including directors' remuneration, were as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Wages and salaries | 188,371 |  | 800,614
Social security costs | 14,013 |  | 95,047
Other pension costs | 13,800 |  | 44,124
| 216,184 |  | 939,785

6. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
7. Interest Receivable and Similar Income

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank interest receivable | 62,610 |  | 41,715
Interest on short term deposits | - |  | 1
| 62,610 |  | 41,716

8. Interest Payable and Similar Charges

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 3,733 |  | 10,535
Other finance charges | - |  | 788
| 3,733 |  | 11,323

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Nutun UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
9. Tax on Profit

The tax charge/(credit) on the profit/(loss) for the year was as follows:
| Tax Rate | 2025 |  | 2024
--- | --- | --- | --- | ---
| 2025 | 2024 | £ |  | £
Current tax
UK Corporation Tax | 25.0% | 25.0% | 25,076 |  | -
Deferred Tax
Deferred taxation | 102,801 |  | (102,997 )
Total tax charge for the period | 127,877 |  | (102,997 )
Trading losses generated in the year ended 30 September 2024 were utilised in full against taxable profits for the year ended 30 September 2025 in accordance with UK tax legislation. Accordingly, no carried-forward tax losses existed at the balance sheet date. The actual charge/(credit) for the year can be reconciled to the expected charge/(credit) for the year based on the profit/(loss) and the standard rate of corporation tax as follows:
| 2025 |  | 2024
| £ |  | £
Profit before tax | 544,305 |  | (457,245)
Tax on profit at 25% (UK standard rate) | 25,076 |  | -
Tax losses utilised | 102,801 |  | (102,997 )
Total tax charge for the period | 127,877 |  | (102,997)

10. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 October 2024 | 338 | 5,367 | 5,705
As at 30 September 2025 | 338 | 5,367 | 5,705
Depreciation
As at 1 October 2024 | 338 | 5,367 | 5,705
As at 30 September 2025 | 338 | 5,367 | 5,705
Net Book Value
As at 30 September 2025 | - | - | -
As at 1 October 2024 | - | - | -

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Nutun UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
11. Investments

| Subsidiaries
--- | ---
| £
Cost or Valuation
As at 1 October 2024 | 1
As at 30 September 2025 | 1
Provision
As at 1 October 2024 | -
As at 30 September 2025 | -
Net Book Value
As at 30 September 2025 | 1
As at 1 October 2024 | 1

Subsidiaries
Details of the company's subsidiaries as at 30 September 2025 are as follows:

Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding
--- | --- | --- | --- | ---
Nutun Global Sales | Republic of Mauritius | Class A | 100.00% | -

12. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 2,043,105 |  | 3,177,056
Amounts owed by group undertakings | 512,477 |  | 417,153
Other debtors | 14,469 |  | 315,599
| 2,570,051 |  | 3,909,808

13. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 1,364,916 |  | 3,704,070
Other creditors | 1,219 |  | 36,117
Corporation tax | 25,032 |  | 5,557
Taxation and social security | 464,456 |  | 522,331
Accruals and deferred income | 64,935 |  | 353,246
| 1,920,558 |  | 4,621,321

14. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
80,750 Ordinary Shares of £ 0.01 each | 808 |  | 808
17,250 Ordinary B shares of £ 0.01 each | 172 |  | 172
| 980 |  | 980

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Nutun UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
15. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the year the charge to the income statement in respect of defined contribution schemes was £13,800 (2024: £44,124).
At the statement of financial position date contributions of £NIL were due to the fund and are included in creditors.
16. Post Balance Sheet Events
There are no material events affecting the company since the balance sheet date that would require disclosure or adjustment to the financial statement.
17. Related Party Disclosures
The Company has taken advantage of the exemption in Paragraph 33.1A of FRS 102 from the requirement to disclose transactions with group companies on the grounds that consolidated financial statements are prepared by the ultimate parent company.
18. Controlling Parties
The company's immediate parent undertaking is Nutun Holdings (Pty) Ltd, a company incorporated in the South Africa.
The company’s ultimate parent undertaking is Nutun Limited (formerly known as Transaction Capital Limited), a company incorporated and domiciled in South Africa. Nutun Limited is the largest group of undertakings for which group accounts are drawn up.
Nutun Holdings (Pty) Ltd is the smallest such group of undertakings which consolidates the company in their financial statements at 30 September 2025. A copy of the consolidated financial statements can be obtained from 115 West Road, Sandton, Johannesburg, 2031.
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