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Registered number: 08544578
Pixie Labs (UK) Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Pixie Labs (UK) Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Pixie Labs (UK) Ltd
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 08544578

| 2025 | 2024 as restated
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 17,931 |  | 26,862
|  |  | 17,931 |  | 26,862
CURRENT ASSETS
Debtors | 5 | 545,622 |  | 426,420 |
Cash at bank and in hand |  | 379,553 |  | 463,332 |
|  | 925,175 |  | 889,752 |
Creditors: Amounts Falling Due Within One Year | 6 | (142,512 ) |  | (263,212 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 782,663 |  | 626,540
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 800,594 |  | 653,402
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (4,227 ) |  | (6,227 )
NET ASSETS |  |  | 796,367 |  | 647,175
CAPITAL AND RESERVES
Called up share capital |  |  | 10 |  | 10
Capital redemption reserve |  |  | 3 |  | 3
Profit and Loss Account |  |  | 796,354 |  | 647,162
SHAREHOLDERS' FUNDS |  |  | 796,367 |  | 647,175

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

Mr Peter MacRobert Director
16 March 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Pixie Labs (UK) Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Pixie Labs (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, the registered number is 08544578 . The registered office is First Floor, 115 Golden Lane, London, Greater London, England, EC1Y 0TJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and fittings | 33.33% Straight line
Computer equipment | 33% Straight line

2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.
Assets acquired under hire purchase contracts are depreciated over their useful lives.
Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company.
Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment.
2.6. 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Pixie Labs (UK) Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.7. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Investments
All investments are carried at cost. They are not revalued unless there is an active market in which a valuation can be reliably determined.
Page 4
Page 5
Pixie Labs (UK) Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
3. Average Number of Employees

| 2025 |  | 2024
--- | --- | --- | ---
Average number of employees, including directors, during the year | 8 |  | 7
| 8 |  | 7

4. Tangible Assets

| Fixtures and fittings | Computer equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2025 | 15,270 | 40,219 | 55,489
Additions | 2,222 | 3,276 | 5,498
As at 31 December 2025 | 17,492 | 43,495 | 60,987
Depreciation
As at 1 January 2025 | 2,380 | 26,247 | 28,627
Provided during the period | 5,282 | 9,147 | 14,429
As at 31 December 2025 | 7,662 | 35,394 | 43,056
Net Book Value
As at 31 December 2025 | 9,830 | 8,101 | 17,931
As at 1 January 2025 | 12,890 | 13,972 | 26,862

5. Debtors

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 38,345 |  | 241,346
Amounts owed by participating interests | 405,073 |  | 170,538
Other debtors | 102,204 |  | 14,536
| 545,622 |  | 426,420

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Trade creditors | 5,561 |  | 36,361
Other creditors | 41,506 |  | 35,812
Taxation and social security | 95,445 |  | 191,039
| 142,512 |  | 263,212

Page 5
Page 6
Pixie Labs (UK) Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
7. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Not later than one year | 77,894 |  | -
Later than one year and not later than five years | 240,173 |  | -
| 318,067 |  | -

8. Related Party Transactions
The total amount due from the related parties at the year end was £405,073 (2024: £170,538).
9. Prior year adjustment
In last year, the directors have identified that dividends were overstated by £20,818, VAT overstated by £941 and subsequently the profit and loss account was overstated by £19,878.
As this is material in amount the directors have considered it prudent to correct this error and restate the prior year figures to ensure the accounts show a true and fair view.
This had decreased the corporation tax for the prior year by £4,670.
Page 6