Company Registration No. 04414335 (England and Wales)
AERIANDI LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
AERIANDI LIMITED
COMPANY INFORMATION
Directors
Mr M S Bellizia
(Appointed 31 December 2024)
Mr G D Wake
(Appointed 19 May 2025)
Company number
04414335
Registered office
264 Banbury Road
Oxford
OX2 7DY
Auditor
Shaw Gibbs (Audit) Limited
264 Banbury Road
Oxford
OX2 7DY
AERIANDI LIMITED
CONTENTS
Page
Directors' report
1 - 2
Independent auditor's report
3 - 5
Statement of comprehensive income
6
Statement of financial position
7
Statement of changes in equity
8
Notes to the financial statements
9 - 24
AERIANDI LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2025
- 1 -

The directors present their annual report and financial statements for the year ended 30 June 2025.

Principal activities

The principal activity of the company continued to be that of providing telephony payment, recording and conferencing services for telecommunication companies.

Results and dividends

The results for the year are set out on page 6.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr J Shanmuganathan
(Resigned 1 July 2024)
Mr P E Pawlowitsch
(Resigned 31 December 2024)
Mr A Demery
(Resigned 19 May 2025)
Mr M S Bellizia
(Appointed 31 December 2024)
Mr G D Wake
(Appointed 19 May 2025)
Post reporting date events

After the reporting date, the company agreed to surrender its lease of the King Charles House, Oxford property. The surrender resulted in a net accounting gain of £208,059 and derecognition of the associated right-of-use asset and lease liability.

In addition, the company recognised an impairment of related assets arising from the lease surrender amounting to £121,228.

This is considered a non-adjusting event in accordance with IAS 10, and the financial statements for the year ended 30 June 2025 have not been adjusted to reflect this transaction.

Auditor

The auditor, Shaw Gibbs (Audit) Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

AERIANDI LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with UK adopted international accounting standards. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, International Accounting Standard 1 requires that directors:

- properly select and apply accounting policies;

- present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information;

- provide additional disclosures when compliance with UK adopted international accounting standards are insufficient to enable users to understand the impact of particular transactions, other events and conditions on the entity's financial position and financial performance; and

- make an assessment of the company's ability to continue as a going concern.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

Each director in office at the date of approval of this annual report confirms that:

- so far as the director is aware, there is no relevant audit information of which the company's auditor is unaware, and

- the director has taken all the steps that he / she ought to have taken as a director in order to make himself / herself aware of any relevant audit information and to establish that the company's auditor is aware of that information.

Going Concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate support to continue in operational existence for the foreseeable future and not less than 12 months from the approval of the financial statements. In addition, the parent company and controlling party of the group has given assurances of its continued s upport to the company. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr M S Bellizia
Director
14 March 2026
AERIANDI LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF AERIANDI LIMITED
- 3 -
Opinion

We have audited the financial statements of Aeriandi Limited (the 'Company') for the year ended 30 June 2025 which comprise the statement of comprehensive income, the statement of financial position, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 101 Reduced Disclosure Framework (United Kingdom Generally Accepted Accounting Practice).

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.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the C ompany's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this report.

Other information

The Directors' are responsible for the other information. The other information comprises the information included in the Directors report and financial statements, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

O ther Companies Act 2006 reporting.

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the D irector s' r eport has been prepared in accordance with applicable legal requirements.

AERIANDI LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF AERIANDI LIMITED (CONTINUED)
- 4 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the C ompany and its environment obtained in the course of the audit, we have not identifie d material misstatements in the D irector s' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of Directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities, the Directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the Directors are responsible for assessing the C ompany's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the C ompany or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

1. At the planning stage of the audit, we gain an understanding of the laws and regulations which apply to the company and how the directors seek to comply with those laws and regulations. This help s us to plan appropriate risk assessments.

2. During the audit, we focus on relevant risk areas and review the compliance with the laws and regulations by making relevant enquiries from the directors and undertaking corroboration, for example by reviewing board reports and other documentation.

3. We assess the risk of material misstatement in the financial statements including as a result of fraud and undertook procedures but were not limited to:

   1. Reviewing the controls set in place by the directors;

   2. Making enquiries of the directors as to whether they consider fraud or other irregularity may have taken place, or where such opportunity might exist;

   3. Challenging the directors' assumptions with regard to accounting estimates such as the stage of completion of the contracts; and

   4. Identifying and testing journal entries, particularly those which appear to be unusual by size or nature.

AERIANDI LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF AERIANDI LIMITED (CONTINUED)
- 5 -

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council's website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Stephen Howard Neal (Senior Statutory Auditor)
For and on behalf of Shaw Gibbs (Audit) Limited, Statutory Auditor
Chartered Certified Accountants
264 Banbury Road
Oxford
OX2 7DY
16 March 2026
AERIANDI LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
2025
2024
Notes
£
£
Revenue
3
7,155,622
7,989,565
Cost of sales
(1,377,046)
(1,590,753)
Gross profit
5,778,576
6,398,812
Administrative expenses
(3,512,239)
(4,669,285)
Other operating income
28,422
42
Operating profit
4
2,294,759
1,729,569
Investment income
7
15,289
2,440
Finance costs
8
(84,614)
(95,949)
Profit before taxation
2,225,434
1,636,060
Tax on profit
9
15,459
22,258
Profit and total comprehensive income for the financial year
2,240,893
1,658,318

The statement of comprehensive income has been prepared on the basis that all operations are continuing operations.

There was no other comprehensive income or loss during the current financial year or comparative financial period.

AERIANDI LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 JUNE 2025
30 June 2025
- 7 -
2025
2024
Notes
£
£
£
£
Non-current assets
Intangible assets
10
37,602
351,498
Property, plant and equipment
11
1,152,664
1,396,033
Non-current trade and other receivables
12
4,583,505
-
0
5,773,771
1,747,531
Current assets
Trade and other receivables
12
1,911,837
4,726,220
Cash and cash equivalents
1,653,277
971,850
3,565,114
5,698,070
Current liabilities
13
(2,719,018)
(2,913,855)
Net current assets
846,096
2,784,215
Total assets less current liabilities
6,619,867
4,531,746
Non-current liabilities
13
(1,010,722)
(1,174,440)
Provisions for liabilities
Deferred tax liabilities
16
(65,098)
(80,557)
Net assets
5,544,047
3,276,749
Equity
Called up share capital
20
533
533
Share premium account
21
17,912
17,912
Capital contribution reserve
23
1,339,172
1,339,172
Share options reserve
22
174,821
148,416
Retained earnings
4,011,609
1,770,716
Total equity
5,544,047
3,276,749

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

The financial statements were approved by the board of directors and authorised for issue on 14 March 2026 and are signed on its behalf by:
Mr M S Bellizia
Director
Company registration number 04414335 (England and Wales)
AERIANDI LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
Note
Share capital
Share premium account
Capital contribution reserve
Share options reserve
Retained earnings
Total
£
£
£
£
£
£
Balance at 1 July 2023
533
17,912
1,339,172
102,227
112,398
1,572,242
Year ended 30 June 2024:
Profit and total comprehensive income
-
-
-
-
1,658,318
1,658,318
Transactions with owners in their capacity as owners:
Share based payment
-
-
-
46,189
-
46,189
Balance at 30 June 2024
533
17,912
1,339,172
148,416
1,770,716
3,276,749
Year ended 30 June 2025:
Profit and total comprehensive income
-
-
-
-
2,240,893
2,240,893
Transactions with owners in their capacity as owners:
Share based payment
23
-
-
-
26,405
-
26,405
Balance at 30 June 2025
533
17,912
1,339,172
174,821
4,011,609
5,544,047
AERIANDI LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 9 -
1
Accounting policies
Company information

Aeriandi Limited is a private company limited by shares and is registered and incorporated in England and Wales. The registered office is 264 Banbury Road, Oxford, OX2 7DY. The company's principal activities and nature of its operations are disclosed in the directors' report.

1.1
Basis of preparation

The financial statements have been prepared in accordance with Financial Reporting Standard 101 Reduced Disclosure Framework (FRS 101) and in accordance with applicable accounting standards.

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 £.

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

The company meets the definition of a qualifying entity under FRS 101 Reduced Disclosure Framework. These financial statements for the year ended 30 June 2025 are the first financial statements of Aeriandi Limited prepared in accordance with FRS 101. The company transitioned from EU-adopted IFRS to FRS 101 for all periods presented and t he date of transition to FRS 101 was 1 July 2023.

The reported financial position and financial performance for the previous period are not affected by the transition to FRS 101.

As permitted by FRS 101, the company has taken advantage of the following disclosure exemptions from the requirements of IFRS:

- inclusion of an explicit and unreserved statement of compliance with IFRS;

- presentation of a statement of cash flows and related notes;

- disclosure of the objectives, policies and processes for managing capital;

- disclosure of the categories of financial instrument and the nature and extent of risks arising on these financial instruments;

- the effect of financial instruments on the statement of comprehensive income;

- comparative period reconciliations for the number of shares outstanding and the carrying amounts of property, plant and equipment, intangible assets, investment property and biological assets;

- disclosure of the future impact of new International Financial Reporting Standards in issue but not yet effective at the reporting date;

- comparative narrative information;

- for financial instruments, investment property and biological assets measured at fair value and within the scope of IFRS 13, the valuation techniques and inputs used to measure fair value, the effect of fair value measurements with significant unobservable inputs on the result for the period and the impact of credit risk on the fair value; and

- related party disclosures for transactions with the parent or wholly owned members of the group.

Where required, equivalent disclosures are given in the group accounts of Dubber Corporation Limited. The group accounts of Dubber Corporation Limited are available to the public and can be obtained as set out in note 26.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that true the company has adequate support to continue in operational existence for the foreseeable future and not less than 12 months from the approval of the financial statements. In addition, the parent company and controlling party of the group has given assurances of its continued s upport to the company. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

AERIANDI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 10 -
1.3
Revenue

Revenue comprises provision of services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The company recognises revenue from the following major sources:

- Licencing

- Professional fees

Licencing

Licen c ing revenue relates to the provision of the hosted software across the contract term and is recognised over-time. The fixed element is recognised on a straight-line basis as the access to the software is provided to the customer and the performance obligation is satisfied. Where licen c e fees are billed in advance of the service being delivered, they are initially recorded as deferred income. Variable licence fees are recognised according to monthly usage over the term of the contract.

Professional fees

Professional fees comprise on-boarding fees that are charged to set up a customer with the service and

change requests, being individually scoped projects for updating, modifying or adapting an existing service to

meet the requests of a customer.

On-boarding fees and licencing fees are regarded as a single performance obligation on the basis that the

software must be significantly modified for the customer's requirements and as such the implementation is

seen as being intrinsic to the ongoing delivery. The revenue is recognised over time as described above.

Change requests are regarded as a single performance obligation which is distinct from the original contract

for on-boarding and licences. Revenue is recognised at the point in time when the performance obligation has

been satisfied, which is when the change request has been implemented.

1.4
Intangible assets other than goodwill

Intangible assets are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated. Capitalised development expenditure is amortised over three years, which is estimated to be the useful economics life of these assets.

AERIANDI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 11 -
1.5
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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

Leasehold land and buildings
Straight line over 10 years
Leasehold improvements
Straight line over 9-10 years
Fixtures and fittings
Straight line over 5 years
Computers
Straight line over 3 remaining years
Computers - right of use assets
Over the term of the lease

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 recognised in the income statement.

1.6
Impairment of tangible and intangible assets

At each reporting end date, the company reviews the carrying amounts of its tangible and intangible 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.

Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment annually, and whenever there is an indication that the asset may be impaired.

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.

Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks.

1.8
Financial assets

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets are classified into specified categories, depending on the nature and purpose of the financial assets.

AERIANDI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 12 -
Financial assets held at amortised cost

Financial instruments are classified as financial assets measured at amortised cost where the objective is to hold these assets in order to collect contractual cash flows, and the contractual cash flows are solely payments of principal and interest. They arise principally from the provision of goods and services to customers (eg trade receivables). They are initially recognised at fair value plus transaction costs directly attributable to their acquisition or issue, and are subsequently carried at amortised cost using the effective interest rate method, less provision for impairment where necessary.

Impairment of financial assets

Financial assets carried at amortised cost are assessed for indicators of impairment at each reporting end date.

The expected credit losses associated with these assets are estimated on a forward-looking basis. A broad range of information is considered when assessing credit risk and measuring expected credit losses, including past events, current conditions, and reasonable and supportable forecasts that affect the expected collectability of the future cash flows of the instrument.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

1.9
Financial liabilities

The company recogni s es financial debt when the company becomes a party to the contractual provisions of the instruments.

Other financial liabilities

F inancial liabilities, including borrowings, t rade payables and other short-term monetary liabilities, are initially measured at fair value net of transaction costs directly attributable to the issuance of the financial liability. They are subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the company’s obligations are discharged, cancelled, or they expire.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

1.11
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 income statement 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.

The research and development tax credit is recognised when it is considered probable that it will be recoverable.

AERIANDI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 13 -
Deferred tax

Deferred tax is the tax expected to be payable or recoverable on 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, and is accounted for using the balance sheet liability method. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the temporary 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 income statement, 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.

1.12
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 inventories or non-current 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.

1.13
Retirement benefits

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

1.14
Share-based payments

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black Scholes model. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

When the terms and conditions of equity-settled share-based payments at the time they were granted are subsequently modified, the fair value of the share-based payment under the original terms and conditions and under the modified terms and conditions are both determined at the date of the modification. Any excess of the modified fair value over the original fair value is recognised over the remaining vesting period in addition to the grant date fair value of the original share-based payment. The share-based payment expense is not adjusted if the modified fair value is less than the original fair value.

Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.

AERIANDI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 14 -
1.15
Leases
As lessee

At inception, the company assesses whether a contract is, or contains, a lease within the scope of IFRS 16. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Where a tangible asset is acquired through a lease, the company recognises a right-of-use asset and a lease liability at the lease commencement date. Right-of-use assets are included within non-current assets.

The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date plus any initial direct costs and an estimate of the cost of obligations to dismantle, remove, refurbish or restore the underlying asset and the site on which it is located, less any lease incentives received.

The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term. The right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.

The lease liability is initially measured at the present value of the lease payments that are unpaid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the company's incremental borrowing rate.

The lease liability is measured at amortised cost using the effective interest method. It is remeasured when there is a change in: future lease payments; the company's estimate of the amount expected to be payable under a residual value guarantee; or the company's assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.

The company has elected not to recognise right-of-use assets and lease liabilities for short-term leases of machinery that have a lease term of 12 months or less, or for leases of low-value assets including IT equipment. The payments associated with these leases are recognised in profit or loss on a straight-line basis over the lease term.

1.16
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

AERIANDI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 15 -
2
Critical accounting estimates and judgements

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Critical judgements
Capitalisation of Intangible fixed assets

Development costs have been capitalised in accordance with the accounting standards and the Company's accounting policy. Management exercises judgement in determining whether the project on which the costs have been incurred meets the criteria for capitalisation in accordance with the accounting standard. Central to this judgement is whether the development expenditure is likely to create benefit across multiple customer implementations.

Determining performance obligations in revenue contracts

In applying IFRS 15, the directors have taken the judgement that implementation services are not separable from the provision of the software licence. This is on the basis that the software must be significantly modified for the customer's requirements and as such the implementation is seen as being intrinsic to the ongoing delivery. Had an alternative view been taken, and the implementation services considered separable, such revenues would be recognised earlier in a contract, professional services revenues would be greater and licence revenues reduced.

Determining the lease term of contracts with renewal and termination options – Company as lessee

The Company determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the lease, if it is reasonably certain not to be exercised. The Company has lease contracts that include extension and termination options. The Company applies judgement in evaluating whether it is reasonably certain whether or not to exercise the option to renew or terminate the lease. That is, it considers all relevant factors that create an economic incentive for it to exercise either the renewal or termination. After the commencement date, the Company reassesses the lease term if there is a significant event or change in circumstances that is within its control and affects its ability to exercise or not to exercise the option to renew or to terminate (e.g., construction of significant leasehold improvements or significant customisation to the leased asset).

In applying IFRS 16, the directors also undertake significant estimation in determining the incremental borrowing rate at which future cash flows are discounted in order to arrive at the valuation of the lease liability and right-of-use asset. The directors determined the incremental borrowing rate to be 6%; had the rate been 2% lower the lease liability would have been £71k lower at the balance sheet date.

Share Options Valuation

The Company operates an employee share option scheme. The options are valued using the Black Scholes methodology. The cost of this scheme and the present value of the obligation depends on a number of factors, including; the value of the Company's shares at each grant date, the Company's risk free rate, the expected term over which the options will be exercised and the Company's volatility. Management estimate these factors in determining the fair value, based on historic and benchmarked information.

AERIANDI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 16 -
3
Revenue
2025
2024
£
£
Revenue analysed by class of business
Licencing (revenue is recognised over time)
7,037,633
7,669,533
Professional Services (revenue is recognised at point in time)
117,989
320,032
7,155,622
7,989,565
2025
2024
£
£
Revenue analysed by geographical market
United Kingdom
7,051,817
7,700,805
Europe
103,805
288,760
7,155,622
7,989,565
4
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Exchange losses/(gains)
632
(3,037)
Fees payable to the company's auditor for the audit of the company's financial statements
25,000
28,000
Depreciation of property, plant and equipment
62,031
92,852
Depreciation of right of use assets
181,338
195,082
Amortisation of intangible assets (included within administrative expenses)
313,897
610,584
Share-based payments
26,405
46,189
5
Employees

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

2025
2024
Number
Number
14
24

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
882,110
1,664,943
Social security costs
113,247
197,744
Pension costs
115,306
187,422
1,110,663
2,050,109
AERIANDI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 17 -
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
-
0
238,800
Company pension contributions to defined contribution schemes
-
6,525
-
0
245,325

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 0 (2024 - 1).

The number of directors who exercised share options during the year was 0 (2024 - 1).

No directors received remuneration or pension contributions during the year ended 30 June 2025 (2024: £245,325).

7
Investment income
2025
2024
£
£
Interest income
Interest on bank deposits
15,289
2,440
8
Finance costs
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
10,665
11,008
Interest on lease liabilities
73,949
84,941
84,614
95,949
9
Taxation
2025
2024
£
£
Deferred tax
Origination and reversal of temporary differences
(15,459)
(22,258)
AERIANDI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
9
Taxation
(Continued)
- 18 -

The charge for the year can be reconciled to the profit per the income statement as follows:

2025
2024
£
£
Profit before taxation
2,225,434
1,636,060
Expected tax charge based on a corporation tax rate of 25.00% (2024: 25.00%)
556,359
409,015
Effect of expenses not deductible in determining taxable profit
(2,786)
5,916
Utilisation of tax losses not previously recognised
(654,433)
(622,695)
Permanent capital allowances in excess of depreciation
(994)
(1,901)
Depreciation on assets not qualifying for tax allowances
16,779
23,214
Amortisation on assets not qualifying for tax allowances
78,474
152,646
Share based payment charge
6,601
11,547
Deferred tax movements
(15,459)
-
Taxation credit for the year
(15,459)
(22,258)
10
Intangible fixed assets
Development costs
£
Cost
At 30 June 2024
6,420,511
At 30 June 2025
6,420,511
Amortisation and impairment
At 30 June 2024
6,069,013
Charge for the year
313,897
At 30 June 2025
6,382,909
Carrying amount
At 30 June 2025
37,602
At 30 June 2024
351,498
11
Property, plant and equipment
Leasehold land and buildings
Leasehold improvements
Fixtures and fittings
Computers
Computers - right of use assets
Total
£
£
£
£
£
£
Cost
At 1 July 2024
1,323,572
295,802
93,199
441,188
348,474
2,502,235
At 30 June 2025
1,323,572
295,802
93,199
441,188
348,474
2,502,235
AERIANDI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
11
Property, plant and equipment
Leasehold land and buildings
Leasehold improvements
Fixtures and fittings
Computers
Computers - right of use assets
Total
£
£
£
£
£
£
(Continued)
- 19 -
Accumulated depreciation and impairment
At 1 July 2024
308,646
52,187
31,017
423,687
290,665
1,106,202
Charge for the year
132,357
31,435
18,640
11,956
48,981
243,369
At 30 June 2025
441,003
83,622
49,657
435,643
339,646
1,349,571
Carrying amount
At 30 June 2025
882,569
212,180
43,542
5,545
8,828
1,152,664
At 30 June 2024
1,014,926
243,615
62,182
17,501
57,809
1,396,033

Property, plant and equipment includes right-of-use assets, as follows:

Right-of-use assets
2025
2024
£
£
Net values at the year end
Property
882,569
1,014,926
Computers - right of use assets
8,828
57,809
891,397
1,072,735
Total additions in the year
-
17,160
Depreciation charge for the year
Property
132,357
132,169
Computers - right of use assets
48,981
62,913
181,338
195,082

See note 15 for details of lease payments and liabilities.

12
Trade and other receivables
Current
Non-current
2025
2024
2025
2024
£
£
£
£
Trade receivables
859,642
793,723
-
-
Amounts owed by fellow group undertakings
556,102
3,633,601
4,583,505
-
0
Prepayments and accrued income
496,093
298,896
-
-
1,911,837
4,726,220
4,583,505
-
AERIANDI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 20 -
13
Liabilities
Current
Non-current
2025
2024
2025
2024
Notes
£
£
£
£
Trade and other payables
14
1,498,740
1,336,549
-
0
-
0
Taxation and social security
299,582
443,314
-
-
Lease liabilities
15
133,334
209,919
982,883
1,095,306
Deferred income
18
787,362
924,073
27,839
79,134
2,719,018
2,913,855
1,010,722
1,174,440
14
Trade and other payables
2025
2024
£
£
Trade payables
221,696
304,258
Amounts owed to fellow group undertakings
898,049
592,315
Accruals and deferred income
359,124
370,453
Other payables
19,871
69,523
1,498,740
1,336,549
15
Lease liabilities
2025
2024
Net amounts due
£
£
Within one year
133,334
209,919
After more than one year
982,883
1,095,306
1,116,217
1,305,225
2025
2024
Maturity analysis of future lease payments
£
£
Within one year
202,732
251,884
In two to five years
790,485
797,017
In over five years
327,000
523,200
Total undiscounted liabilities
1,320,217
1,572,101
Future finance charges and other adjustments
(199,478)
(266,876)
Lease liabilities in the financial statements
1,120,739
1,305,225
AERIANDI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
15
Lease liabilities
(Continued)
- 21 -

The Company lease d a single office property under a non-cancellable agreement with fixed payments. The lease include d an option to extend, which management did not expect to exercise. There are no residual value guarantees, sale and leaseback transactions, or leases not yet commenced. Variable payments relate only to service charges and are expensed as incurred. Amounts recognised in profit or loss include interest on lease liabilities of £73,949 (2024-£84,941).

Other leasing information is included in note 24.
16
Deferred taxation
Liabilities
2025
2024
£
£
Deferred tax balances
65,098
80,557

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon during the current and prior reporting period.

Accelerated capital allowances
£
Liability at 1 July 2023
102,815
Deferred tax movements in prior year
Charge/(credit) to profit or loss
(22,258)
Liability at 1 July 2024
80,557
Deferred tax movements in current year
Charge/(credit) to profit or loss
(15,459)
Liability at 30 June 2025
65,098
17
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
115,306
187,422

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

AERIANDI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 22 -
18
Deferred revenue
2025
2024
£
£
Arising from licensing and professional services
815,201
1,003,207

Deferred revenues are classified based on the amounts that are expected to be settled within the next 12 months and after more than 12 months from the reporting date, as follows:

2025
2024
£
£
Current liabilities
787,362
924,073
Non-current liabilities
27,839
79,134
815,201
1,003,207
2025
2024
£
£
Opening balance
1,003,207
1,653,400
Payments received in advance
1,083,478
1,335,353
Transfers to revenue - performance obligation satisfied
(1,271,484)
(1,985,546)
815,201
1,003,207
19
Share-based payments

The Company operates an Employee Incentive Plan (“EIP”) for executives and employees. In accordance with the provisions of the EIP, executives and employees may be granted options (ZEPO or strike price) to purchase ordinary shares in the ultimate parent company at an exercise price to be determined by the Board with regard to the market value of the shares when it resolves to offer the options. The options may only be granted to eligible persons after the Board considers the person’s seniority, position, length of service, record of employment, potential contribution and any other matters which the Board considers relevant.

Each employee share option converts into one ordinary share of the parent company on exercise. No amounts are paid or payable to the parent company by the recipient on receipt of the option. The options carry neither right to dividends nor voting rights. Options may be exercised at any time from the date of vesting to the date of their expiry.

The number of options granted is determined by the Board. Typically, options granted under the EIP expire within thirty-six months of their issue. The options are not exercisable until the vesting date provided the participant is an employee at the relevant vesting date.

Options granted during the year
The weighted average share price at the date of exercise for the 1,330,500 share options exercised during the year was £.02 (2024 - £.03). Fair value was measured using Black-Scholes model.
Expenses
Related to equity settled share based payments
26,405
46,189
AERIANDI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
19
Share-based payments
(Continued)
- 23 -

At 30 June 2025, the re is an unrecognised cost of £1,623 for unvested share options, which will be recognised over the remaining vesting period ending 3 1 December 2026.

The number of options outstanding at 30 June 2025 was 4,081,350 (2024 - 2,750,850).

20
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of 1p each
40,000
40,000
400
400
Ordinary B Shares of 1p each
13,274
13,274
133
133
53,274
53,274
533
533

The Ordinary A Shares and Ordinary B Shares have identical rights with respect to dividend entitlements and rights to capital distribution in the event of liquidation. However, the Ordinary B Shares do not carry the right to vote at general meetings of the company or on written resolutions.

21
Share premium account
2025
2024
£
£
At the beginning and end of the year
17,912
17,912
22
Share options reserve
2025
2024
£
£
At the beginning of the year
148,416
102,227
Other movements
26,405
46,189
At the end of the year
174,821
148,416
23
Capital contribution reserve
2025
2024
£
£
At the beginning and end of the year
1,339,172
1,339,172
AERIANDI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 24 -
24
Other leasing information
As lessee
2025
2024
Amounts recognised in profit or loss:
£
£
Expense relating to short-term leases
6,648
2,580
Information relating to lease liabilities is included in note 15.
25
Events after the reporting date

After the reporting date, the company agreed to surrender its lease of the King Charles House, Oxford property. The surrender resulted in a net accounting gain of £208,059 and derecognition of the associated right-of-use asset and lease liability.

In addition, the c ompany recognised an impairment of related assets arising from the lease surrender amounting to £121,228.

This is considered a non-adjusting event in accordance with IAS 10, and the financial statements for the year ended 30 June 2025 have not been adjusted to reflect this transaction.

26
Controlling party

The immediate parent company is Dubber UK Holdings Limited.

The ultimate parent company is Dubber Corporation Limited, whose financial statements can be obtained from the registered office address at Level 5, 2 Russell Street, Melbourne, Victoria, Australia, 3000.

Dubber Corporation Limited is listed on the Australian Stock Exchange. The principal continuing activities of Dubber Corporation Limited and its controlled entities consisted of the provision of unified call recording and conversation Artificial Intelligence services to the global telecommunications industry.

The company is consolidated into the accounts of Dubber Corporation Limited.

2025-06-30 2024-07-01 Mr J Shanmuganathan Mr P E Pawlowitsch Mr A Demery Mr M S Bellizia Mr G D Wake false false CCH Software iXBRL Review & Tag 2025.2 04414335 2024-07-01 2025-06-30 04414335 bus:Director4 2024-07-01 2025-06-30 04414335 bus:Director5 2024-07-01 2025-06-30 04414335 bus:Director1 2024-07-01 2025-06-30 04414335 bus:Director2 2024-07-01 2025-06-30 04414335 bus:Director3 2024-07-01 2025-06-30 04414335 bus:RegisteredOffice 2024-07-01 2025-06-30 04414335 2025-06-30 04414335 2023-07-01 2024-06-30 04414335 core:ContinuingOperations 2024-07-01 2025-06-30 04414335 core:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30 04414335 core:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 04414335 core:IntangibleAssetsOtherThanGoodwill 2025-06-30 04414335 core:IntangibleAssetsOtherThanGoodwill 2024-06-30 04414335 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-06-30 04414335 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 04414335 2024-06-30 04414335 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-06-30 04414335 core:LeaseholdImprovements core:LeasedAssetsHeldAsLessee 2025-06-30 04414335 core:FurnitureFittings 2025-06-30 04414335 core:ComputerEquipment 2025-06-30 04414335 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2025-06-30 04414335 core:ContinuingOperations 2025-06-30 04414335 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-06-30 04414335 core:LeaseholdImprovements core:LeasedAssetsHeldAsLessee 2024-06-30 04414335 core:FurnitureFittings 2024-06-30 04414335 core:ComputerEquipment 2024-06-30 04414335 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-06-30 04414335 core:BetweenOneFiveYears 2024-06-30 04414335 core:CurrentFinancialInstruments 2025-06-30 04414335 core:CurrentFinancialInstruments 2024-06-30 04414335 core:Non-currentFinancialInstruments 2025-06-30 04414335 core:Non-currentFinancialInstruments 2024-06-30 04414335 core:AcceleratedTaxDepreciationDeferredTax 2023-06-30 04414335 core:ShareCapital 2025-06-30 04414335 core:ShareCapital 2024-06-30 04414335 core:SharePremium 2025-06-30 04414335 core:SharePremium 2024-06-30 04414335 core:RetainedEarningsAccumulatedLosses 2025-06-30 04414335 core:RetainedEarningsAccumulatedLosses 2024-06-30 04414335 core:SharePremium 2023-06-30 04414335 2023-06-30 04414335 core:ShareCapitalOrdinaryShares 2025-06-30 04414335 core:ShareCapitalOrdinaryShares 2024-06-30 04414335 1 2024-07-01 2025-06-30 04414335 1 2023-07-01 2024-06-30 04414335 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 04414335 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-07-01 2025-06-30 04414335 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-06-30 04414335 core:LeaseholdImprovements core:LeasedAssetsHeldAsLessee 2024-06-30 04414335 core:FurnitureFittings 2024-06-30 04414335 core:ComputerEquipment 2024-06-30 04414335 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-06-30 04414335 2024-06-30 04414335 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-07-01 2025-06-30 04414335 core:LeaseholdImprovements core:LeasedAssetsHeldAsLessee 2024-07-01 2025-06-30 04414335 core:FurnitureFittings 2024-07-01 2025-06-30 04414335 core:ComputerEquipment 2024-07-01 2025-06-30 04414335 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-07-01 2025-06-30 04414335 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 04414335 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 04414335 core:Non-currentFinancialInstruments core:AfterOneYear 2025-06-30 04414335 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 04414335 1 2024-07-01 2025-06-30 04414335 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 04414335 bus:FRS101 2024-07-01 2025-06-30 04414335 bus:Audited 2024-07-01 2025-06-30 04414335 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP