Company registration number 08328509 (England and Wales)
PROJECT EDGE MIDCO LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
PROJECT EDGE MIDCO LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 8
PROJECT EDGE MIDCO LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
4,170
524
Investments
5
6,479,621
502,500
6,483,791
503,024
Current assets
Debtors
6
70,782
345,656
Cash at bank and in hand
17,553
16,401
88,335
362,057
Creditors: amounts falling due within one year
7
(4,127,923)
(654,189)
Net current liabilities
(4,039,588)
(292,132)
Total assets less current liabilities
2,444,203
210,892
Creditors: amounts falling due after more than one year
8
(2,443,500)
-
0
Net assets
703
210,892
Capital and reserves
Called up share capital
9
105
105
Share premium account
598
598
Profit and loss reserves
-
0
210,189
Total equity
703
210,892

The notes on pages 2 to 8 form part of these financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 December 2025 and are signed on its behalf by:
C Williams
Director
Company registration number 08328509 (England and Wales)
PROJECT EDGE MIDCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

Project Edge Midco Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bryn Eirias, Abergele Road, Colwyn Bay, Wales, LL29 8BF.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

Project Edge Midco Limited is a wholly owned subsidiary of Project Edge Topco Limited and the results of Project Edge Midco Limited are included in the consolidated financial statements of Project Edge Topco Limited which are available from Companies House, Crown Way, Cardiff, CF14 3UZ.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

There is no revenue, please see the below policy for other operating income.

Other operating income

Other operating income is measured at the fair value of the consideration received or receivable for management services provided during the period, net of VAT.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Computers
25% straight line on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

PROJECT EDGE MIDCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.7
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.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

PROJECT EDGE MIDCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors and loans notes classified as debt are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

PROJECT EDGE MIDCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
3
3
Dividends
2025
2024
£
£
Final paid
256,096
-
0
PROJECT EDGE MIDCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2024
699
Additions
4,118
At 30 June 2025
4,817
Depreciation and impairment
At 1 July 2024
175
Depreciation charged in the year
472
At 30 June 2025
647
Carrying amount
At 30 June 2025
4,170
At 30 June 2024
524
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
6,479,621
502,500
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 July 2024
502,500
Additions
5,977,121
At 30 June 2025
6,479,621
Carrying amount
At 30 June 2025
6,479,621
At 30 June 2024
502,500
PROJECT EDGE MIDCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
-
0
319,404
Other debtors
70,782
26,252
70,782
345,656
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
5,324
-
0
Amounts owed to group undertakings
3,375,387
642,461
Taxation and social security
18,722
5,594
Other creditors
728,490
6,134
4,127,923
654,189
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
2,443,500
-
0

Other loans includes £2,443,500 (2024: £Nil) in respect of a loan repayable in 2030. Interest is charged on this loan at a rate between 5.5% and 8.5% plus the daily compound reference rate. The loan is secured by an all Project Edge Topco Limited group assets debenture in favour of the lender.

9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of 0.01p each
1,050,000
1,050,000
105
105
10
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

PROJECT EDGE MIDCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
10
Audit report information
(Continued)
- 8 -
Opinion

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.

Senior Statutory Auditor:
Christopher Moss BSc F.C.A.
Statutory Auditor:
JS. Audit Limited
Date of audit report:
23 January 2026
11
Financial commitments, guarantees and contingent liabilities

There is an unlimited cross guarantee between all group undertakings and an all group assets debenture in favour of the group's lender.

12
Parent company

The parent company is Project Edge Topco Limited, a company registered in England and Wales.

The smallest and largest group for which consolidated financial statements are prepared is headed by Project Edge Topco Limited. The registered office of Project Edge Topco Limited is Bryn Eirias C/O Risc It Solutions, Abergele Road, Colwyn Bay, Wales, LL29 8B F.

2025-06-30 2024-07-01 false false false 23 January 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity A Heslip C Williams J Keane 08328509 2024-07-01 2025-06-30 08328509 2025-06-30 08328509 2024-06-30 08328509 core:OtherPropertyPlantEquipment 2025-06-30 08328509 core:OtherPropertyPlantEquipment 2024-06-30 08328509 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 08328509 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 08328509 core:WithinOneYear 2025-06-30 08328509 core:WithinOneYear 2024-06-30 08328509 core:AfterOneYear 2025-06-30 08328509 core:AfterOneYear 2024-06-30 08328509 core:CurrentFinancialInstruments 2025-06-30 08328509 core:CurrentFinancialInstruments 2024-06-30 08328509 core:ShareCapital 2025-06-30 08328509 core:ShareCapital 2024-06-30 08328509 core:SharePremium 2025-06-30 08328509 core:SharePremium 2024-06-30 08328509 core:RetainedEarningsAccumulatedLosses 2025-06-30 08328509 core:RetainedEarningsAccumulatedLosses 2024-06-30 08328509 core:ShareCapitalOrdinaryShareClass1 2025-06-30 08328509 core:ShareCapitalOrdinaryShareClass1 2024-06-30 08328509 bus:Director2 2024-07-01 2025-06-30 08328509 core:ComputerEquipment 2024-07-01 2025-06-30 08328509 2023-07-01 2024-06-30 08328509 core:OtherPropertyPlantEquipment 2024-06-30 08328509 core:OtherPropertyPlantEquipment 2024-07-01 2025-06-30 08328509 core:Non-currentFinancialInstruments 2025-06-30 08328509 core:Non-currentFinancialInstruments 2024-06-30 08328509 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 08328509 bus:OrdinaryShareClass1 2025-06-30 08328509 bus:OrdinaryShareClass1 2024-06-30 08328509 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 08328509 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 08328509 bus:FRS102 2024-07-01 2025-06-30 08328509 bus:Audited 2024-07-01 2025-06-30 08328509 bus:Director1 2024-07-01 2025-06-30 08328509 bus:Director3 2024-07-01 2025-06-30 08328509 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP