Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 2 true 2025-01-01 No description of principal activity false 2 true false 08869596 2025-01-01 2025-12-31 08869596 2024-01-01 2024-12-31 08869596 2025-12-31 08869596 2024-12-31 08869596 c:Director3 2025-01-01 2025-12-31 08869596 d:CurrentFinancialInstruments 2025-12-31 08869596 d:CurrentFinancialInstruments 2024-12-31 08869596 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 08869596 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 08869596 d:ShareCapital 2025-12-31 08869596 d:ShareCapital 2024-12-31 08869596 d:RetainedEarningsAccumulatedLosses 2025-12-31 08869596 d:RetainedEarningsAccumulatedLosses 2024-12-31 08869596 c:FRS102 2025-01-01 2025-12-31 08869596 c:Audited 2025-01-01 2025-12-31 08869596 c:FullAccounts 2025-01-01 2025-12-31 08869596 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 08869596 c:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 08869596 2 2025-01-01 2025-12-31 08869596 e:USDollar 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Registered number: 08869596 IRIS TECHNOLOGIES LTD. FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
IRIS TECHNOLOGIES LTD.
CONTENTS
| Page
Statement of financial position | 1
Notes to the financial statements | 2 - 5
IRIS TECHNOLOGIES LTD. REGISTERED NUMBER:08869596
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | $ |  | $
Current assets |  |  |  |  |
Stocks |  | 37,945 |  | 37,945 |
Debtors: amounts falling due within one year | 4 | 4,838 |  | 93,681 |
Bank and cash balances |  | 119,225 |  | 118,118 |
Current liabilities |  | 162,008 |  | 249,744 |
Creditors: amounts falling due within one year | 5 | (55,403) |  | (143,139) |
Net current assets |  |  | 106,605 |  | 106,605
Net assets |  |  | 106,605 |  | 106,605
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | 106,604 |  | 106,604
|  |  | 106,605 |  | 106,605
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 January 2026.
S Carmeli
Director
The notes on pages 2 to 5 form part of these financial statements. Page 1
IRIS TECHNOLOGIES LTD.
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Iris Technologies Ltd is a Limited Company incorporated and domiciled in England and Wales, with its registered office address at Unit C2 Laser Quay, Culpepper Close, Rochester, Kent, ME2 4HU. 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is 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.
| 2.3 | Basic financial instruments
Basic financial instruments include trade and other debtors, trade and other creditors, cash and bank balances, bank and related party loans. Trade and other debtors are recognised initially at the transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest. Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the Company's cash management. Page 2
IRIS TECHNOLOGIES LTD.
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is USD. 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 except when deferred in other comprehensive income as qualifying cash flow hedges.
| 2.5 | Finance costs
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.
| 2.6 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.7 | Taxation
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. Page 3
IRIS TECHNOLOGIES LTD.
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
3. | Employees
| The average monthly number of employees, including the Directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Directors | 2 | 2
| During the year, the Directors received remuneration of $nil (2024: $nil).
Page 4
IRIS TECHNOLOGIES LTD.
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | $ | $
| Other debtors | 1 | 1
| Prepayments and accrued income | 492 | 352
| VAT recoverable | 4,345 | 93,328
|  | 4,838 | 93,681
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | $ | $
| Trade creditors | - | 8,579
| Amounts owed to group undertakings | 35,624 | 120,785
| Accruals and deferred income | 19,779 | 13,775
|  | 55,403 | 143,139
6. | Related party transactions
| The Company forms part of a wholly-owned group and accordingly has taken advantage of the exemption allowed under section 33.1A of FRS 102 not to disclose transactions with other group companies.
7. | Controlling party
The ultimate parent undertaking and controlling party is SemiConductor Devices LTD., a company formed in Israel. These accounts are consolidated into Elbit Systems LTD. and Rafael Advanced Defences Systems LTD.'s financial statements and are available on request.
8. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 29 January 2026 by Sean Brennan FCCA (Senior statutory auditor) on behalf of Sopher + Co LLP.
Page 5