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Nous Data Insights (UK) Ltd (formerly Cubane Consulting (UK) Limited) Registered number: 09526740 Annual Report For the year ended 30 June 2025
NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) COMPANY INFORMATION
Director | T H Orton
Company secretaries | W Louey
| K S Hudson
Registered number | 09526740
Registered office | 30 Old Bailey
| London
| United Kingdom
| EC4M 7AU
Independent auditor | Forvis Mazars LLP
| Chartered Accountants & Statutory Auditor
| 5th Floor
| Merck House
| Seldown Lane
| Poole
| BH15 1TW
NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) CONTENTS
| Page
Director's report | 1 - 2
Independent auditor's report | 3 - 6
Statement of comprehensive income | 7
Statement of financial position | 8
Statement of changes in equity | 9
Notes to the financial statements | 10 - 24
NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) DIRECTOR'S REPORT FOR THE YEAR ENDED 30 JUNE 2025 The director presents his report and the audited financial statements for the year ended 30 June 2025.
Principal activity and business review
The principal activity of the Company is that of providing benchmarking services. On 7 May 2025, the Company changed its name to Nous Data Insights (UK) Ltd.
Director
The director who served during the year and up to the date of this report was:
T H Orton
Director's responsibilities statement
The director is responsible for preparing the Director's report and the financial statements in accordance with applicable law and regulations. Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 101 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under Company law the director must not approve the financial statements unless he is 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 these financial statements, the director is required to: ∙select suitable accounting policies and then apply them consistently; ∙make judgements and accounting estimates that are reasonable and prudent; and ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The director is 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 to enable him to ensure that the financial statements comply with the Companies Act 2006. He is 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.
Going concern
The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Company has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Company's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements. Additionally, the Company continues to receive assurances of financial support from Nous Group International Pty Ltd, the ultimate parent company, for at least 12 months from signing the financial statements. - 1 -
NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) DIRECTOR'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
Qualifying third party indemnity provisions
The Company has made qualifying third party indemnity provisions for the benefit of its directors which were made during the year and remain in force at the date of this report. No claim or notice of claim in respect of these indemnities has been received in the year.
Disclosure of information to the auditor
The director at the time when this Director's report is approved has confirmed that: ∙so far as he is aware, there is no relevant audit information of which the Company's auditor is unaware; and ∙has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.
Post balance sheet events
There have been no significant events affecting the Company since the year end.
Auditor
The auditor, Forvis Mazars LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
Small companies note
In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the board and signed on its behalf by:
T H Orton Director
Date: 29 January 2026
- 2 -
NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) Opinion We have audited the financial statements of Nous Data Insights (UK) Ltd (formerly Cubane Consulting (UK) Limited) (the ‘Company’) for the year ended 30 June 2025 which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of changes in equity and notes to the financial statements, 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, including FRS 101 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: ∙give a true and fair view of the state of the Company’s affairs as at 30 June 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’s 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 director's 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 Company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director 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 director is 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. - 3 -
NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) 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 Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the Director's Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In 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 Director's 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 director's remuneration specified by law are not made; or ∙we have not received all the information and explanations we require for our audit; or ∙the director was not entitled to take advantage of the small companies’ exemption in preparing the Director's Report and from the requirement to prepare a Strategic Report. Responsibilities of Director As explained more fully in the Director's Responsibilities Statement set out on page 1, the director is 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 director determines 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 director is 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 director intends either to liquidate the Company or to cease operations, or has no realistic alternative but to do so. - 4 -
NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) 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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. 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. Based on our understanding of the Company and its industry, we considered that non-compliance with the following laws and regulations might have a material effect on the financial statements: employment regulation, health and safety regulation, anti-money laundering regulation and non-compliance. To help us identify instances of non-compliance with these laws and regulations, and in identifying and assessing the risks of material misstatement in respect to non-compliance, our procedures included, but were not limited to: ∙Inquiring of management and, where appropriate, those charged with governance, as to whether the Company is in compliance with laws and regulations, and discussing their policies and procedures regarding compliance with laws and regulations; ∙Inspecting correspondence, if any, with relevant licensing or regulatory authorities; ∙Communicating identified laws and regulations to the engagement team and remaining alert to any indications of non-compliance throughout our audit; and ∙Considering the risk of acts by the Company which were contrary to applicable laws and regulations, including fraud. We also considered those laws and regulations that have a direct effect on the preparation of the financial statements, such as tax legislation, pension legislation, the Companies Act 2006. In addition, we evaluated the directors’ and management’s incentives and opportunities for fraudulent manipulation of the financial statements, including the risk of management override of controls, and determined that the principal risks related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, in particular in relation to revenue recognition (which we pinpointed to the accuracy and cut-off assertions) and significant one-off or unusual transactions. - 5 -
NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) Our audit procedures in relation to fraud included but were not limited to: ∙Making enquiries of the director and management on whether they had knowledge of any actual, suspected or alleged fraud; ∙Gaining an understanding of the internal controls established to mitigate risks related to fraud; ∙Discussing amongst the engagement team the risks of fraud; and ∙Addressing the risks of fraud through management override of controls by performing journal entry testing. There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. Use of the audit 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. Julie Breakell (Senior statutory auditor) for and on behalf of Forvis Mazars LLP Chartered Accountants and Statutory Auditor 5th Floor Merck House Seldown Lane Poole BH15 1TW 30 January 2026 - 6 -
NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2025
| 2025 | 2024
| £ | £
Turnover | 4 | 2,325,862 | 2,144,797
Cost of sales |  | (1,219,551) | (993,329)
Gross profit |  | 1,106,311 | 1,151,468
Administrative expenses |  | (854,523) | (670,968)
Other operating expense |  | (7,875) | (5,750)
Operating profit |  | 243,913 | 474,750
Interest receivable and similar income | 8 | 127 | 1,815
Profit before tax |  | 244,040 | 476,565
Tax on profit | 9 | (51,860) | (136,961)
Profit for the financial year |  | 192,180 | 339,604
Other comprehensive income |  | - | -
Total comprehensive income for the year |  | 192,180 | 339,604
The Statement of Comprehensive Income has been prepared on the basis that all operations are continuing operations.
The notes on pages 10 to 24 form part of these financial statements.
- 7 -
NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) REGISTERED NUMBER: 09526740 STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due after more than one year | 11 | 207 |  | 137 |
Debtors: amounts falling due within one year | 11 | 1,940,729 |  | 1,665,554 |
Cash at bank and in hand | 12 | 97,034 |  | 749,047 |
|  | 2,037,970 |  | 2,414,738 |
Creditors: amounts falling due within one year | 13 | (1,482,956) |  | (2,051,904) |
Net current assets |  |  | 555,014 |  | 362,834
Total assets less current liabilities |  |  | 555,014 |  | 362,834
Net assets |  |  | 555,014 |  | 362,834
Capital and reserves |  |  |  |  |
Called up share capital | 16 |  | 1 |  | 1
Profit and loss account |  |  | 555,013 |  | 362,833
Total equity |  |  | 555,014 |  | 362,834
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
T H Orton
Director
Date: 29 January 2026 The notes on pages 10 to 24 form part of these financial statements.
- 8 -
NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 July 2023 | 1 | 23,229 | 23,230
Comprehensive income for the year |  |  |
Profit for the year | - | 339,604 | 339,604
At 1 July 2024 | 1 | 362,833 | 362,834
Comprehensive income for the year |  |  |
Profit for the year | - | 192,180 | 192,180
Total comprehensive income for the year | - | 192,180 | 192,180
At 30 June 2025 | 1 | 555,013 | 555,014
| The notes on pages 10 to 24 form part of these financial statements.
- 9 -
NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | General information
Nous Data Insights (UK) Ltd (formerly Cubane Consulting (UK) Limited) is a private Company limited by shares incorporated in England and Wales. The company's registered number is 09526740. The registered office is 30 Old Bailey, London, United Kingdom, EC4M 7AU. The principal place of business is Level 2, 17 Bevis Marks, London, EC3A 7LN, United Kingdom. The principal activity of the Company is that of providing benchmarking services. On 7 May 2025, the Company changed its name to Nous Data Insights (UK) Ltd. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 101 'Reduced Disclosure Framework' and the Companies Act 2006. The financial statements have been presented in Pound Sterling, unless otherwise stated, as this is the currency of the primary economic environment in which the Company operates and is rounded to the nearest pound. The following principal accounting policies have been applied:
| 2.2 | Impact of new international reporting standards, amendments and interpretations
There are no amendments to accounting standards, or IFRIC interpretations that are effective for the year ended 30 June 2025 that have had a material impact on the Company.
| 2.3 | Financial Reporting Standard 101 - reduced disclosure exemptions
The Company has taken advantage of the following disclosure exemptions under FRS 101: ∙the requirements of IFRS 7 Financial Instruments: Disclosures ∙the requirement in paragraph 38 of IAS 1 'Presentation of Financial Statements' to present comparative information in respect of: - paragraph 79(a)(iv) of IAS 1; - paragraph 73(e) of IAS 16 Property, Plant and Equipment; ∙the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134-136 of IAS 1 Presentation of Financial Statements ∙the requirements of IAS 7 Statement of Cash Flows ∙the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors ∙the requirements of paragraphs 88C and 88D of IAS 12 Income Taxes. ∙the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member This information is included in the consolidated financial statements of Nous Group International Pty Ltd as at 30 June 2025 and these financial statements may be obtained from Australian Securities and Investments Commission. - 10 -
NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.4 | Going concern
The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Company has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Company's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements. Additionally, the Company continues to receive assurances of financial support from Nous Group International Pty Ltd, the ultimate parent company, for at least 12 months from signing the financial statements.
| 2.5 | Foreign currency translation
Functional and presentation currency The Company's functional and presentation currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss. All other foreign exchange gains and losses are presented in profit or loss within 'administrative expenses'. - 11 -
NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.6 | Turnover
The Company recognises turnover as follows: Turnover from contracts with customers Turnover is recognised at an amount that reflects the consideration to which the Company is expected to be entitled in exchange for transferring services to a customer. For each contract with a customer, the Company identifies the contract with a customer; identifies the performance obligation in the contract; determines the transaction price to the separate performance obligations on the basis of the relative stand-alone selling price of each distinct service to be delivered; and recognises Turnover when or as each performance obligation is satisfied in a manner that depicts the transfer to the customer of the services promised. Turnover from a contract to provide services is recognised over time as the services are rendered based on either a fixed price or hourly rate. Licensing services Turnover is recognised evenly over the term of the license agreement. Where the Company receives payment in advance, a contract asset is recognised. If the payment exceeds the service rendered, a contract liability is recognised. Interest Interest turnover is recognised on a cash basis.
| 2.7 | Transfer pricing
Licence and management fees are charged to the entity from the Australian subsidiary in accordance with the Transfer Pricing Policy. A percentage markup on the original cost is determined to arrive at the amount charged. Percentage markup is determined according to the nature of the cost.
| 2.8 | Interest receivable and similar income
Interest receivable and similar income is recognised on a cash basis. - 12 -
NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.9 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. 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 income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.10 | Group relief
The Company is part of a group for UK corporation tax purposes and can either claim or surrender group relief in line with applicable tax laws. When group relief is claimed or surrendered, the related tax impact is recorded in the statement of comprehensive income for the period in which the associated taxable profits or losses arise. Payments made to or received from other group companies for group tax relief are accounted for as inter-company transactions.
| 2.11 | Tangible fixed assets
Tangible fixed assets under the cost model are 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. - 13 -
NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.11 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Computer and office equipment | - | 33% |
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.
| 2.12 | 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.
| 2.13 | 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.
| 2.14 | Creditors
Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.
| 2.15 | Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date. - 14 -
NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.16 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date. Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
| 2.17 | Impairment of financial assets
The Company considers lifetime ECLs for amounts owed from group undertakings and trade receivables. The expected credit losses on these financial assets are estimated based on the Company's historical credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current as well as the forecast direction of conditions at the reporting date, including time value of money where appropriate. Lifetime ECL represents the expected credit losses that will result from all possible default events over the expected life of a financial instrument. The Company has not recognised a provision for expected credit losses in respect of amounts owed from group undertakings and trade receivables in the current year as the Company's historical credit loss experience has been minimal. Based on the current outlook there are no concerns from a forward looking perspective. - 15 -
NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts in the financial statements. Management continually evaluates its judgements and estimates in relation to assets, liabilities, contingent liabilities, revenue and expenses. Management bases its judgements, estimates and assumptions on historical experience and on other various factors, including expectations of future events, management believes to be reasonable under the circumstances. The resulting accounting judgements and estimates will seldom equal the related actual results. The judgements, estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities (refer to the respective notes) within the next financial year are discussed below: Estimation of useful lives of assets The Company determines the estimated useful lives and related depreciation charges for its property, plant and equipment. The useful lives could change significantly as a result of technical innovations or some other event. The depreciation charge will increase where the useful lives are less than previously estimated fives, or technically obsolete or non-strategic assets that have been abandoned or sold will be written off or written down. Income tax The Company is subject to income taxes in the jurisdictions in which it operates. Significant judgement is required in determining the provision for income tax. There are many transactions and calculations undertaken during the ordinary course of business for which the ultimate tax determination is uncertain. The Company recognises liabilities for anticipated tax audit issues based on the Company current understanding of the tax law. Where the final tax outcome or these matters is different from the carrying amounts, such differences will impact the current and deferred tax provisions in the year in which such determination is made. Revenue Recognition As Nous Data Insight (UK) Ltd operates under license agreements, the director has reviewed these agreements to ensure proper application of the Company’s revenue recognition policy. Revenue is recognised evenly over the duration of the licence agreement. In addition, the director has exercised judgement regarding the timing of advance payments and billing, resulting in the recognition of contract assets and liabilities.
4. | Turnover
| An analysis of turnover by class of business is as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| License fees | 2,325,862 | 2,144,797
|  | 2,325,862 | 2,144,797
| All turnover arose within the United Kingdom.
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NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
5. | Operating profit
| The operating profit is stated after charging/(crediting):
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Depreciation of tangible assets | - | 272
| Exchange differences | 1,811 | (24)
| Defined contribution pension cost | 8,649 | 7,888
6. | Auditor's remuneration
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Audit | 21,500 | 13,500
| Other services | 8,513 | 8,056
|  | 30,013 | 21,556
7. | Employees
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Wages and salaries | 589,210 | 504,223
| Social security costs | 74,912 | 53,076
| Cost of defined contribution scheme | 8,649 | 7,888
|  | 672,771 | 565,187
| The average monthly number of employees, including the director, during the year was 8 (2024: 6). The director is remunerated by Nous Group (UK) Limited and the remuneration details are included in Nous Group (UK) Limited accounts.
8. | Interest receivable and similar income
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank interest receivable | 127 | 1,815
|  | 127 | 1,815
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NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
9. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax |  |
| Adjustments in respect of previous periods | (9,296) | 51,130
|  | (9,296) | 51,130
| Group taxation relief | 61,226 | 85,963
|  | 51,930 | 137,093
| Total current tax | 51,930 | 137,093
| Deferred tax |  |
| Origination and reversal of timing differences | (70) | (132)
| Total deferred tax | (70) | (132)
| Tax on profit | 51,860 | 136,961
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NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 9.Taxation (continued)
| Factors affecting tax charge for the year
| The tax assessed for the year is lower than (2024: lower than) the standard rate of corporation tax in the UK of 25% (2024:25%). The differences are explained below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 244,040 | 476,565
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024: 25%) | 61,010 | 119,141
| Effects of: |  |
| Expenses not deductible for tax purposes | 146 | 13
| Income not taxable for tax purposes | - | (33,323)
| Payment for group relief | 61,226 | 85,963
| Group relief claimed | (61,226) | (85,963)
| Adjustments to tax charge in respect of prior periods | (9,296) | 51,130
| Total tax charge for the year | 51,860 | 136,961
| The Company has elected to claim group relief in respect of current year trading profits. The amount claimed during the year was £61,226 (2024: £85,963). The group relief was made between companies within the same 100% group relationship and within the charge to UK corporation tax. The Company has recognised a deferred tax asset of £207 (2024: £137) in respect of unpaid pension liability. The expectation that this will not be settled in next 12 months.
| Factors that may affect future tax charges
There were no factors that may affect future tax charges. - 19 -
NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
10. | Tangible assets
|  | Computer and office equipment
|  | £
| Cost |
| At 1 July 2024 | 12,495
| At 30 June 2025 | 12,495
| Depreciation |
| At 1 July 2024 | 12,495
| At 30 June 2025 | 12,495
| Net book value |
| At 30 June 2025 | -
| At 30 June 2024 | -
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NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
11. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Deferred tax asset (note 15) | 207 | 137
|  | 207 | 137
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Trade debtors | 173,211 | 257,745
| Amounts owed by group undertakings | 1,766,259 | 1,209,864
| Other debtors | 7 | 2,922
| Prepayments and accrued income | 1,252 | 6,523
| Contract assets (note 14) | - | 188,500
|  | 1,940,729 | 1,665,554
| Amounts owed by group undertaking are unsecured, interest free and payable on demand.
12. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 97,034 | 749,047
|  | 97,034 | 749,047
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NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
13. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 323,378 | 705,972
| Other taxation and social security | 179,833 | 254,394
| Other creditors | 15,743 | 1,542
| Accruals and deferred income | 32,085 | 94,704
| Contract liabilities (note 14) | 931,917 | 995,292
|  | 1,482,956 | 2,051,904
| Amounts owed to group undertakings are unsecured, interest free and payable and on demand.
14. | Contract assets and liabilities
| Contract Balances |  |  |  |
|  | Contract Assets | Contract Assets | Contract Liabilities | Contract Liabilities
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Balance as at 1 July | 188,500 | 0 | (995,292) | (781,467)
| Balance as at 30 June | 0 | 188,500 | (931,917) | (995,292)
| (i) Impairment of contract assets | 0 | 0 | 0 | 0
| (ii) Amounts included in contract liabilities that were recognised as revenue during the period | 0 | 0 | 0 | 0
| (iii) Amounts recognised from performance obligations satisfied in previous periods | 0 | 0 | 0 | 0
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NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
15. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | 137
| Charged to profit or loss | 70
| At end of year | 207
| The deferred taxation balance is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 207 | 137
|  | 207 | 137
16. | Called up share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1 (2024: 1) Ordinary share of £1 | 1 | 1
| The ordinary shares entitles each holder to one voting right and no right to fixed income.
17. | 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.The pension cost charge represents contributions payable by the company to the fund and amounted to £8,649 (2024: £7,888) Contributions totalling £1,935 (2024: £1,541) were payable to the fund at the reporting date and are included in creditors.
18. | Related party transactions
| The company is a wholly owned subsidiary of Nous Group International Pty Ltd and has taken advantage of the exemption offered by FRS 101 from the requirements of IAS 24 Related Party Disclosures not to disclose related party transactions entered into between two or more members of the group.
- 23 -
NOUS DATA INSIGHTS (UK) LTD (FORMERLY CUBANE CONSULTING (UK) LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
19. | Post balance sheet events
There have been no significant events affecting the Company since the year end.
20. | Controlling party
The immediate parent Company is Cubane Consulting Group Pty Limited. Its registered address is Suite 402, 53 Berry Street, North Sydney, New South Wales 2060, Australia. The ultimate parent Company is Nous Group International Pty Ltd. Nous Group International Pty Ltd is the smallest and largest Group for which consolidated accounts are drawn up. Nous Group International Pty Ltd has included the Company in its Group financial statements which are publicly available from the Australian Securities and Investments Commission. Nous Group International Pty Ltd is a proprietary Company limited by shares, incorporated in Australia. The registered office is Level 23, 697 Collins St, Melbourne, VIC 3000, Australia. The ultimate controlling party is the Dennis Orton Family Trust.
- 24 -