Company registration number 12922666 (England and Wales)
SEER 365 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
SEER 365 LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
SEER 365 LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
2,151,748
1,636,791
Tangible assets
4
24,343
23,581
2,176,091
1,660,372
Current assets
Debtors
5
1,532,653
1,014,334
Cash at bank and in hand
1,099,838
750,299
2,632,491
1,764,633
Creditors: amounts falling due within one year
6
(2,196,929)
(1,758,717)
Net current assets
435,562
5,916
Total assets less current liabilities
2,611,653
1,666,288
Creditors: amounts falling due after more than one year
7
(1,465,624)
(1,173,274)
Provisions for liabilities
(5,443)
(46,449)
Net assets
1,140,586
446,565
Capital and reserves
Called up share capital
124
124
Share premium account
360,075
360,075
Profit and loss reserves
780,387
86,366
Total equity
1,140,586
446,565
SEER 365 LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 March 2026 and are signed on its behalf by:
Mr S C Dharmasiri
Director
Company registration number 12922666 (England and Wales)
SEER 365 LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2024
110
360,075
309,253
669,438
Year ended 31 December 2024:
Loss and total comprehensive income
-
-
(222,887)
(222,887)
Issue of share capital
14
-
0
-
14
Balance at 31 December 2024
124
360,075
86,366
446,565
Year ended 31 December 2025:
Profit and total comprehensive income
-
-
694,021
694,021
Balance at 31 December 2025
124
360,075
780,387
1,140,586
SEER 365 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
1
Accounting policies
Company information

Seer 365 Limited is a private company limited by shares incorporated in England and Wales. The registered office is Old Station House, Station Approach, Swindon, Wiltshire, SN1 3DU.

1.1
Accounting convention

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.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

1.3
Research and development expenditure

Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during the Company is expected to benefit.

1.4
Intangible fixed assets other than goodwill

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation 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:

Development costs
10 years
1.5
Tangible fixed assets

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

SEER 365 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -

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:

Fixtures and fittings
20% straight line
Computers
33% straight line

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.

1.6
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

1.7
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.

1.8
Retirement benefits

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

1.9

Sale and leaseback

Where a sale and leaseback transaction results in a finance lease, the seller-lessee shall not recognise immediately, as income, any excess of sales proceeds over the carrying amount. Instead, the seller-lessee shall defer such excess and amortise it over the lease term.

SEER 365 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
2
Employees

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

2025
2024
Number
Number
Total
27
30
3
Intangible fixed assets
Other
£
Cost
At 1 January 2025
2,055,421
Additions
739,532
Transfers
(200,004)
At 31 December 2025
2,594,949
Amortisation and impairment
At 1 January 2025
418,630
Amortisation charged for the year
224,575
Transfers
(200,004)
At 31 December 2025
443,201
Carrying amount
At 31 December 2025
2,151,748
At 31 December 2024
1,636,791
SEER 365 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025
61,898
Additions
14,322
At 31 December 2025
76,220
Depreciation and impairment
At 1 January 2025
38,317
Depreciation charged in the year
13,560
At 31 December 2025
51,877
Carrying amount
At 31 December 2025
24,343
At 31 December 2024
23,581
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
616,959
593,792
Corporation tax recoverable
382,459
195,000
Other debtors
533,235
225,542
1,532,653
1,014,334
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
658,502
375,008
Trade creditors
117,354
44,342
Taxation and social security
101,433
99,051
Other creditors
1,319,640
1,240,316
2,196,929
1,758,717
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,465,624
1,173,274
SEER 365 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
7
Creditors: amounts falling due after more than one year
(Continued)
- 8 -

The bank loans in place are secured by fixed and floating charges over the company's intellectual

property as specified in the Deed.

8
Related party transactions

Included within debtors is a loan of £26,317 (202 4: £26,317) made to Seer 365 LLC, a company under common control. This loan is interest free and repayable on demand.

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