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Registered number: 12080547 Ravenswood Technologies UK Limited Unaudited Financial statements Information for filing with the registrar For the year ended 31 December 2025
Ravenswood Technologies UK Limited Registered number: 12080547 Balance sheet As at 31 December 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible fixed assets | 4 |  | 789 |  | 1,348
|  |  | 789 |  | 1,348
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 11,349 |  | 37,387 |
Bank and cash balances |  | 4,219 |  | 2,859 |
|  | 15,568 |  | 40,246 |
Creditors: amounts falling due within one year | 6 | (147,834) |  | (189,214) |
Net current liabilities |  |  | (132,266) |  | (148,968)
Total assets less current liabilities |  |  | (131,477) |  | (147,620)
Net liabilities |  |  | (131,477) |  | (147,620)
Capital and reserves |  |  |  |  |
Called up share capital | 7 |  | 100 |  | 100
Profit and loss account | 8 |  | (131,577) |  | (147,720)
|  |  | (131,477) |  | (147,620)
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 April 2026.
Kipp Peppel
Director
The notes on pages 2 to 6 form part of these financial statements. Page 1
Ravenswood Technologies UK Limited Notes to the financial statements For the year ended 31 December 2025
1. | General information
The company is a private limited company, incorporated and domiciled in England and Wales. The Company's registered office is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA. The principal activitiy of the Company can be found on Page 1 within the Director's Report. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. 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 following principal accounting policies have been applied:
| 2.2 | Going concern
The Directors note that the Company has limited cash at bank at the year-end and the parent company has confirmed support for a minimum of 12 months from financial statement sign off due to the cost plus agreement. The Directors have reviewed management forecasts, sensitivities and mitigating actions available to management which takes into account the possible changes in trading. These forecasts show that the Company should be able to operate within the existing working capital facilities. The liquidity requirements of the Company have been assessed by the Directors and believe them to be adequate for a period of at least 12 months from the date of signing these financial statements and therefore have adopted the going concern basis in the preparation of the financial statements
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 2
Ravenswood Technologies UK Limited Notes to the financial statements For the year ended 31 December 2025 2.Accounting policies (continued)
| 2.4 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services 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 when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.5 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.6 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.7 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.8 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Page 3
Ravenswood Technologies UK Limited Notes to the financial statements For the year ended 31 December 2025 2.Accounting policies (continued)
| 2.9 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Computer equipment | - | 33% | Straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.10 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.11 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Employees
| The average monthly number of employees, including directors, during the year was 3 (2024 - 3).
Page 4
Ravenswood Technologies UK Limited Notes to the financial statements For the year ended 31 December 2025
4. | Tangible fixed assets
|  | Computer equipment
|  | £
| Cost or valuation |
| At 1 January 2025 | 1,677
| At 31 December 2025 | 1,677
| Depreciation |
| At 1 January 2025 | 329
| Charge for the year on owned assets | 559
| At 31 December 2025 | 888
| Net book value |
| At 31 December 2025 | 789
| At 31 December 2024 | 1,348
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | - | 25,000
| Other debtors | 11,349 | 12,387
|  | 11,349 | 37,387
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | - | 13,266
| Amounts owed to group undertakings | 130,008 | 149,346
| Other taxation and social security | 10,326 | 8,827
| Accruals and deferred income | 7,500 | 17,775
|  | 147,834 | 189,214
Page 5
Ravenswood Technologies UK Limited Notes to the financial statements For the year ended 31 December 2025
7. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary Shares shares of £1.00 each | 100 | 100
8. | Reserves
Profit and loss account The profit and loss account comprises all current and prior period retained profits and losses.
9. | Pension commitments
Contributions paid by the company relating to defined contribution pension schemes for the year amounted to £1,594 (2024: £7,453). Nothing was due to be paid at the balance sheet date.
10. | Related party transactions
| During the year, the parent company provided support for all the expenses incurred. As at the balance sheet date, the company owes £130,008 (2024: £149,346) to Ravenswood Soluations Inc which is included within 'Amounts owed to group undertakings' in Note 7. This loan is not interest bearing. In addition, the company is owed £Nil (2024: £25,000) by Ravenwoods Solutions Kenya Limited, a connected company.
11. | Controlling party
The company's ultimate paent company and controlling party is Ravenswood Solutions Inc, a company incorporated in the United States of Amercia.
Page 6