Silverfin false false 31/07/2025 01/08/2024 31/07/2025 S C Agass 21/07/2025 01/03/2023 K Basse 11/07/2025 J A Bishop 01/10/2025 12/01/2005 M D Bull 01/09/2024 01/06/2000 R Gordon 01/06/2000 H Nestius 11/07/2025 E J Redfern 11/07/2025 06 March 2026 The principal activity of the Company during the financial year was that of developing specialised software solutions for technical scientific applications. 03812608 2025-07-31 03812608 bus:Director1 2025-07-31 03812608 bus:Director2 2025-07-31 03812608 bus:Director3 2025-07-31 03812608 bus:Director4 2025-07-31 03812608 bus:Director5 2025-07-31 03812608 bus:Director6 2025-07-31 03812608 bus:Director7 2025-07-31 03812608 2024-07-31 03812608 core:CurrentFinancialInstruments 2025-07-31 03812608 core:CurrentFinancialInstruments 2024-07-31 03812608 core:Non-currentFinancialInstruments 2025-07-31 03812608 core:Non-currentFinancialInstruments 2024-07-31 03812608 core:ShareCapital 2025-07-31 03812608 core:ShareCapital 2024-07-31 03812608 core:SharePremium 2025-07-31 03812608 core:SharePremium 2024-07-31 03812608 core:RetainedEarningsAccumulatedLosses 2025-07-31 03812608 core:RetainedEarningsAccumulatedLosses 2024-07-31 03812608 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-07-31 03812608 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-07-31 03812608 core:ImmediateParent core:CurrentFinancialInstruments 2025-07-31 03812608 core:ImmediateParent core:CurrentFinancialInstruments 2024-07-31 03812608 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2025-07-31 03812608 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2024-07-31 03812608 bus:OrdinaryShareClass1 2025-07-31 03812608 bus:PreferenceShareClass1 2025-07-31 03812608 2024-08-01 2025-07-31 03812608 bus:FilletedAccounts 2024-08-01 2025-07-31 03812608 bus:SmallEntities 2024-08-01 2025-07-31 03812608 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 03812608 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 03812608 bus:Director1 2024-08-01 2025-07-31 03812608 bus:Director2 2024-08-01 2025-07-31 03812608 bus:Director3 2024-08-01 2025-07-31 03812608 bus:Director4 2024-08-01 2025-07-31 03812608 bus:Director5 2024-08-01 2025-07-31 03812608 bus:Director6 2024-08-01 2025-07-31 03812608 bus:Director7 2024-08-01 2025-07-31 03812608 core:DevelopmentCostsCapitalisedDevelopmentExpenditure core:TopRangeValue 2024-08-01 2025-07-31 03812608 2023-08-01 2024-07-31 03812608 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-01 2025-07-31 03812608 core:Non-currentFinancialInstruments 2024-08-01 2025-07-31 03812608 bus:OrdinaryShareClass1 2024-08-01 2025-07-31 03812608 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 03812608 bus:PreferenceShareClass1 2024-08-01 2025-07-31 03812608 bus:PreferenceShareClass1 2023-08-01 2024-07-31 03812608 1 2024-08-01 2025-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 03812608 (England and Wales)

# RISKAWARE LIMITED

### Unaudited Financial Statements
For the financial year ended 31 July 2025
Pages for filing with the registrar

RISKAWARE LIMITED

## Unaudited Financial Statements

For the financial year ended 31 July 2025

Contents

RISKAWARE LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 July 2025
RISKAWARE LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 1,419,681 |  | 1,045,824
|  | 1,419,681 |  | 1,045,824
Current assets |  |  |  |
Stocks |  | 58,426 |  | 270,247
Debtors | 4 | 551,646 |  | 655,933
Cash at bank and in hand |  | 138,533 |  | 668
|  | 748,605 |  | 926,848
Creditors: amounts falling due within one year | 5 | ( 742,436) |  | ( 897,663)
Net current assets |  | 6,169 |  | 29,185
Total assets less current liabilities |  | 1,425,850 |  | 1,075,009
Creditors: amounts falling due after more than one year | 6 | ( 20,000) |  | ( 100,000)
Net assets |  | 1,405,850 |  | 975,009
Capital and reserves |  |  |  |
Called-up share capital | 7 | 26 |  | 20
Share premium account |  | 333,318 |  | 0
Profit and loss account |  | 1,072,506 |  | 974,989
Total shareholders' funds |  | 1,405,850 |  | 975,009

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of RiskAware Limited (registered number: 03812608) were approved and authorised for issue by the Board of Directors on 06 March 2026. They were signed on its behalf by:

K Basse Director |

RISKAWARE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025
RISKAWARE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

RiskAware Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Whitefriars, Lewins Mead, Bristol, BS1 2NT, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Development costs | 5 years straight line

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Stocks

Stock is made up of work in progress.
Work in progress is valued at the lower of cost and net realisable value. Costs includes all direct expenditure and an appropriate proportion of overheads. At each reporting date, work in progress is assessed for impairment. If work in progress 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.
Work in progress is recognised in cost of sales based on the proportion of costs incurred in the production of goods sold as a proportion of the estimated total costs of production.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 32 |  | 33

#### 3. Intangible assets

| Development costs |  | Total
| £ |  | £
Cost |  |  |
At 01 August 2024 | 1,061,577 |  | 1,061,577
Additions | 384,318 |  | 384,318
At 31 July 2025 | 1,445,895 |  | 1,445,895
Accumulated amortisation |  |  |
At 01 August 2024 | 15,753 |  | 15,753
Charge for the financial year | 10,461 |  | 10,461
At 31 July 2025 | 26,214 |  | 26,214
Net book value |  |  |
At 31 July 2025 | 1,419,681 |  | 1,419,681
At 31 July 2024 | 1,045,824 |  | 1,045,824

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 160,327 |  | 529,751
Amounts owed by Parent undertakings | 0 |  | 126,182
Deferred tax asset | 380,039 |  | 0
Other debtors | 11,280 |  | 0
| 551,646 |  | 655,933

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 80,000 |  | 202,658
Trade creditors | 90,400 |  | 11,209
Amounts owed to fellow subsidiaries | 0 |  | 528,218
Other loans | 366,988 |  | 0
Accruals | 103,722 |  | 21,601
Other taxation and social security | 97,210 |  | 117,042
Other creditors | 4,116 |  | 16,935
| 742,436 |  | 897,663

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 20,000 |  | 100,000

The bank loan is secured by way of a fixed and floating charge over the assets of the company

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
20 Ordinary shares of £ 1.00 each | 20 |  | 20
6 Preference shares of £ 1.00 each (2024: nil shares) | 6 |  | 0
| 26 |  | 20

#### 8. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 2025 |  | 2024
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 0 |  | 14,396

#### 9. Related party transactions

During the year the Company has taken advantage of the exemption in section 1AC.35 of FRS 102 to not disclose related party transactions with wholly owned subsidiaries within the group.

#### 10. Events after the Balance Sheet date

Subsequent to the reporting date, on 1 October 2025, the entire issued share capital of the Company was acquired by Bruhn Newtech A/S. As a result of this transaction, control of the Company transferred to the new shareholder on that date.
This event did not affect the financial position of the Company as at 31 July 2025 and has therefore not been reflected in these financial statements