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REGISTERED NUMBER: 13386740 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

SNAPPER SERVICES (UK) LIMITED

SNAPPER SERVICES (UK) LIMITED (REGISTERED NUMBER: 13386740) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| SNAPPER SERVICES (UK) LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2025

| DIRECTORS: | J M Salmon

| M Szikszai

| SECRETARY: | ICM Administration Limited

| REGISTERED OFFICE: | Ridgecourt

| The Ridge

| Epsom

| Surrey

| KT18 7EP

| REGISTERED NUMBER: | 13386740 (England and Wales)

| AUDITORS: | Lewis Brownlee (Chichester) Limited

| Statutory Auditors

| Appledram Barns

| Birdham Road

| Chichester

| West Sussex

| PO20 7EQ

SNAPPER SERVICES (UK) LIMITED (REGISTERED NUMBER: 13386740) |

BALANCE SHEET

30 JUNE 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Investments | 4 | - |  | 9,742,447 |  |

CURRENT ASSETS

Debtors | 5 | 181,773 |  | 152,092 |  |

Cash at bank | 18,775 |  | 16,161 |  |

200,548 |  | 168,253 |  |

CREDITORS

Amounts falling due within one year | 6 | 120,226 |  | 123,117 |  |

NET CURRENT ASSETS | 80,322 |  | 45,136 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 80,322 |  | 9,787,583 |  |

ACCRUALS AND DEFERRED INCOME | (31 | ) | - |  |

NET ASSETS | 80,353 |  | 9,787,583 |  |

CAPITAL AND RESERVES

Called up share capital | 40,200 |  | 100,200 |  |

Share premium | - |  | 9,633,607 |  |

Retained earnings | 40,153 |  | 53,776 |  |

80,353 |  | 9,787,583 |  |

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2026 and were signed on its behalf by:

J M Salmon - Director

M Szikszai - Director

SNAPPER SERVICES (UK) LIMITED (REGISTERED NUMBER: 13386740) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. | STATUTORY INFORMATION

| Snapper Services (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

| The company's financial statements for the year ended 30 June 2025 are the first financial statements prepared in accordance with Financial Reporting Standard 102 including the provisions of Section 1A "Small Entities" (FRS 102 1A).

| The consolidated financial statements for the prior period were prepared under International Financial Reporting Standards as adopted for use in the United Kingdom. This accounting standard was adopted as the company was required to prepare consolidated financial statements that included the results of its subsidiaries incorporated in New Zealand, with those financial statements prepared under International Financial Reporting Standards as adopted for use in New Zealand.

| During the year ended 30 June 2025 the company disposed of its shareholding in all subsidiaries. It has therefore prepared financial statements as an individual company and chose to prepare these under FRS 102 1A.

| There were no transition adjustments on the transition to FRS 102 1A.

| Going concern

| In preparing these financial statements, the directors have assessed the company’s ability to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements.

| The company is dependent on financial support from its parent company, Snapper Services Limited, to fund its operating activities. Snapper Services Limited has confirmed its intention to continue to provide financial support to enable the company to meet its obligations as they fall due.

| The directors have considered the financial position and forecasts of Snapper Services Limited, which reflect contracted revenue from its core ticketing business and expected growth in its transit analytics offering. Based on these projections, the directors are satisfied that adequate resources will be available to support the company for the foreseeable future.

| Accordingly, the financial statements have been prepared on a going concern basis.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost less impairment.

SNAPPER SERVICES (UK) LIMITED (REGISTERED NUMBER: 13386740) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method, unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Employee benefits

| The cost of short-term employee benefits are recognised as a liability and an expense.

| The cost of any unused holiday entitlement is recognised in the period in which the employees services are received.

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

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2024 - 5 ) .

SNAPPER SERVICES (UK) LIMITED (REGISTERED NUMBER: 13386740) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

4. | FIXED ASSET INVESTMENTS

Shares in |

group |

undertakings |

| £

| COST

| At 1 July 2024 | 9,742,447 |  |

| Disposals | (1,598,086 | ) |

| Impairments | (8,144,361 | ) |

| At 30 June 2025 | - |  |

| NET BOOK VALUE

| At 30 June 2025 | - |  |

| At 30 June 2024 | 9,742,447 |  |

| During the year shares in subsidiaries were impaired to fair value and then distributed via a dividend in specie.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Amounts owed by group undertakings | 168,500 |  | 73,633 |  |

| Other debtors | 13,273 |  | 78,459 |  |

181,773 |  | 152,092 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Trade creditors | 20,833 |  | 27,638 |  |

| Taxation and social security | 18,542 |  | 13,836 |  |

| Other creditors | 80,851 |  | 81,643 |  |

120,226 |  | 123,117 |  |

7. | LEASING AGREEMENTS

| At the balance sheet date, the company had total commitments under non-cancellable operating leases of £6,950 (2024: £5,750).

8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Sam Ede BFP FCA FCCA (Senior Statutory Auditor)

| for and on behalf of Lewis Brownlee (Chichester) Limited