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Registered number: 11883263
Cognomie Ltd
Financial Statements
For The Year Ended 31 March 2025
Applewood LLP
Cognomie Ltd
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—6

Page 1
Cognomie Ltd
Statement of Financial Position
As At 31 March 2025
Statement of Financial Position
Registered number: 11883263

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 1 |  | 1
Tangible Assets | 5 |  | 740 |  | 986
|  |  | 741 |  | 987
CURRENT ASSETS
Debtors | 6 | 145,091 |  | 138,970 |
Cash at bank and in hand |  | 40,581 |  | 34,586 |
|  | 185,672 |  | 173,556 |
Creditors: Amounts Falling Due Within One Year | 7 | (84,170 ) |  | (76,505 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 101,502 |  | 97,051
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 102,243 |  | 98,038
NET ASSETS |  |  | 102,243 |  | 98,038
CAPITAL AND RESERVES
Called up share capital | 8 |  | 78 |  | 78
Share premium account |  |  | 867,565 |  | 797,565
Income Statement |  |  | (765,400 ) |  | (699,605 )
SHAREHOLDERS' FUNDS |  |  | 102,243 |  | 98,038

Page 1
Page 2
Cognomie Ltd
Statement of Financial Position (continued)
As At 31 March 2025
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board

Mr John Young Director
06/03/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Cognomie Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Cognomie Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11883263 . The registered office is 86-90 Paul Street, London, EC2A 4NE.
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 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. The directors have reviewed cash flow forecasts for a period of at least twelve months from the date of approval of these financial statements. Whilst the company continues to invest in growth and has incurred trading losses to date, since the year end the company has received equity investment and has secured new contracts. Having regard to these factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and accordingly continue to adopt the going concern basis.
2.3. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are the software development costs of the platform from early years. They are amortised to income statement over its estimated economic life of 3 years. Since 01 Apr 21, software development costs have been charge to the P&L in the year incurred.
2.5. 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:

Plant & Machinery | 25% of written down value

2.6. 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.
Page 3
Page 4
Cognomie Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.7. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 3)
2 3
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 April 2024 | 56,599
As at 31 March 2025 | 56,599
Amortisation
As at 1 April 2024 | 56,598
As at 31 March 2025 | 56,598
Net Book Value
As at 31 March 2025 | 1
As at 1 April 2024 | 1

Intangible fixed assets are software development costs of the platform. They are amortised over 3 years on a straight line basis.
Page 4
Page 5
Cognomie Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost
As at 1 April 2024 | 2,065
As at 31 March 2025 | 2,065
Depreciation
As at 1 April 2024 | 1,079
Provided during the period | 246
As at 31 March 2025 | 1,325
Net Book Value
As at 31 March 2025 | 740
As at 1 April 2024 | 986

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 2,105 |  | 38,282
Prepayments and accrued income | 11,833 |  | 10,167
Other debtors | 32,460 |  | 20,093
Corporation tax recoverable assets | - |  | 10,981
VAT | 1,500 |  | 4,464
Directors' loan accounts | 97,193 |  | 54,983
| 145,091 |  | 138,970

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 58,266 |  | 39,333
Corporation tax | 1,474 |  | -
Other taxes and social security | 4,978 |  | 3,942
Other creditors | 540 |  | -
Accruals and deferred income | 18,912 |  | 33,230
| 84,170 |  | 76,505

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 78 |  | 78

Page 5
Page 6
Cognomie Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 April 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 March 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mrs Kate Hesk | (3,000) | 33,256 | 14,373 | - | 15,883
Mr Timothy Kneen | (2,569) | 2,569 | - | - | -
Mr John Young | 60,553 | 22,864 | 2,106 | - | 81,311

The above loans are unsecured and repayable on demand. Market interest has been charged in the year as follows: John Young £1,522 and Kate Hesk £161.
10. Post Balance Sheet Events
On 13 May 2025, the board agreed that John Young is entitled to a payment of £150000 to be paid when funds allow.
11. Related Party Transactions
£6,000 has been paid to each of the Directors in the year (2024: £6,000) for the use of their homes as offices.
Directors' salaries for the year were £52,829 (J Young) and £53,306 (K Hesk).
As at 31 March, as disclosed in the Director's Loan note, John Young owed the company £81,311. However, as per the Post Balance Sheet Events note, John Young is owed £150,000 in back pay. Included within the Director's Loan is £415 of personal expenditure that has not yet been reimbursed.
As at 31 March, as disclosed in the Director's Loan note, Kate Hesk owed the company £15,883.
Page 6