Silverfin false 13 March 2026 13 March 2026 Nikinder Baller Praxis 2,697,354 2,131,815 false true 31/12/2025 01/01/2025 31/12/2025 John Chester Botts 22/01/2018 Raymond Ranjit Dogra 27/11/2025 25/02/2025 Daniel James Lee 10/07/2017 William Lytle 14/10/2022 Charles Ponsonby 05/10/2017 13 March 2026 The principal activity of the Company during the financial year was software development. 10857918 2025-12-31 10857918 bus:Director1 2025-12-31 10857918 bus:Director2 2025-12-31 10857918 bus:Director3 2025-12-31 10857918 bus:Director4 2025-12-31 10857918 bus:Director5 2025-12-31 10857918 2024-12-31 10857918 core:CurrentFinancialInstruments 2025-12-31 10857918 core:CurrentFinancialInstruments 2024-12-31 10857918 core:Non-currentFinancialInstruments 2025-12-31 10857918 core:Non-currentFinancialInstruments 2024-12-31 10857918 core:ShareCapital 2025-12-31 10857918 core:ShareCapital 2024-12-31 10857918 core:SharePremium 2025-12-31 10857918 core:SharePremium 2024-12-31 10857918 core:OtherCapitalReserve 2025-12-31 10857918 core:OtherCapitalReserve 2024-12-31 10857918 core:RetainedEarningsAccumulatedLosses 2025-12-31 10857918 core:RetainedEarningsAccumulatedLosses 2024-12-31 10857918 core:OfficeEquipment 2024-12-31 10857918 core:ComputerEquipment 2024-12-31 10857918 core:OfficeEquipment 2025-12-31 10857918 core:ComputerEquipment 2025-12-31 10857918 core:CostValuation 2024-12-31 10857918 core:RevaluationsIncreaseDecreaseInInvestments 2025-12-31 10857918 core:CostValuation 2025-12-31 10857918 bus:OrdinaryShareClass1 2025-12-31 10857918 bus:OrdinaryShareClass2 2025-12-31 10857918 bus:OrdinaryShareClass3 2025-12-31 10857918 bus:OrdinaryShareClass4 2025-12-31 10857918 bus:OrdinaryShareClass5 2025-12-31 10857918 2025-01-01 2025-12-31 10857918 bus:FilletedAccounts 2025-01-01 2025-12-31 10857918 bus:SmallEntities 2025-01-01 2025-12-31 10857918 bus:Audited 2025-01-01 2025-12-31 10857918 2024-01-01 2024-12-31 10857918 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 10857918 bus:Director1 2025-01-01 2025-12-31 10857918 bus:Director2 2025-01-01 2025-12-31 10857918 bus:Director3 2025-01-01 2025-12-31 10857918 bus:Director4 2025-01-01 2025-12-31 10857918 bus:Director5 2025-01-01 2025-12-31 10857918 core:OfficeEquipment core:TopRangeValue 2025-01-01 2025-12-31 10857918 core:ComputerEquipment core:TopRangeValue 2025-01-01 2025-12-31 10857918 core:OfficeEquipment 2025-01-01 2025-12-31 10857918 core:ComputerEquipment 2025-01-01 2025-12-31 10857918 core:CurrentFinancialInstruments 2025-01-01 2025-12-31 10857918 core:Non-currentFinancialInstruments 2025-01-01 2025-12-31 10857918 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 10857918 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 10857918 bus:OrdinaryShareClass2 2025-01-01 2025-12-31 10857918 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 10857918 bus:OrdinaryShareClass3 2025-01-01 2025-12-31 10857918 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 10857918 bus:OrdinaryShareClass4 2025-01-01 2025-12-31 10857918 bus:OrdinaryShareClass4 2024-01-01 2024-12-31 10857918 bus:OrdinaryShareClass5 2025-01-01 2025-12-31 10857918 bus:OrdinaryShareClass5 2024-01-01 2024-12-31 10857918 1 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10857918 (England and Wales)

# PLANDEK LIMITED

### Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

PLANDEK LIMITED

## Financial Statements

For the financial year ended 31 December 2025

Contents

PLANDEK LIMITED

## COMPANY INFORMATION

For the financial year ended 31 December 2025
PLANDEK LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 December 2025

DIRECTORS | John Chester Botts
| Raymond Ranjit Dogra (Appointed 25 February 2025, Resigned 27 November 2025)
| Daniel James Lee
| William Lytle
| Charles Ponsonby

REGISTERED OFFICE | 1 Fore Street Avenue
| C/O Praxis
| London
| EC2Y 9DT
| United Kingdom

COMPANY NUMBER | 10857918 (England and Wales)

AUDITOR | Praxis
| Statutory Auditor
| 1 Fore Street Avenue
| London
| EC2Y 9DT
| United Kingdom

PLANDEK LIMITED

## BALANCE SHEET

As at 31 December 2025
PLANDEK LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 28,467 |  | 31,063
Investments | 4 | 1,038,662 |  | 2,500,681
|  | 1,067,129 |  | 2,531,744
Current assets |  |  |  |
Debtors | 5 | 1,099,553 |  | 641,452
Cash at bank and in hand |  | 3,044,829 |  | 1,320,058
|  | 4,144,382 |  | 1,961,510
Creditors: amounts falling due within one year | 6 | ( 1,751,138) |  | ( 1,587,145)
Net current assets |  | 2,393,244 |  | 374,365
Total assets less current liabilities |  | 3,460,373 |  | 2,906,109
Creditors: amounts falling due after more than one year | 7 | 0 |  | ( 5,833)
Net assets |  | 3,460,373 |  | 2,900,276
Capital and reserves |  |  |  |
Called-up share capital | 8 | 736 |  | 643
Share premium account |  | 15,859,676 |  | 12,859,770
Other reserves |  | 767,555 |  | 510,103
Profit and loss account |  | ( 13,167,594 ) |  | ( 10,470,240 )
Total shareholders' funds |  | 3,460,373 |  | 2,900,276

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Plandek Limited (registered number: 10857918) were approved and authorised for issue by the Board of Directors on 13 March 2026. They were signed on its behalf by:

Charles Ponsonby Director |

PLANDEK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
PLANDEK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Plandek Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Fore Street Avenue, C/O Praxis, London, EC2Y 9DT, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for software subscriptions provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Turnover relating to software subscriptions is recognised over the subscription period.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Share-based payment

Equity-settled share-based payment transactions are measured at fair value at the date of grant. The fair value determined at the grant date of the equity-settled share-based payments is expensed on a straight-line basis over the vesting period, based on the Company’s estimate of shares that will eventually vest and adjusted for the effect of non-market-based vesting conditions.
Fair value is measured by use of the Black-Scholes Model which is considered by management to be the most appropriate method of valuation. The expected life used in the model has been adjusted, based on management’s best estimate, for the effects of non-transferability, exercise restrictions, and behavioural considerations.
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.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment | 5 years straight line
Computer equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible 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). The recoverable amount of an asset is the higher of its fair value less costs to sell and its 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.
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. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments are measured at fair value through the Statement of Income and Retained Earnings.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 35 |  | 28

#### 3. Tangible assets

| Office equipment |  | Computer equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 January 2025 | 16,121 |  | 48,019 |  | 64,140
Additions | 0 |  | 12,369 |  | 12,369
At 31 December 2025 | 16,121 |  | 60,388 |  | 76,509
Accumulated depreciation |  |  |  |  |
At 01 January 2025 | 2,085 |  | 30,992 |  | 33,077
Charge for the financial year | 3,159 |  | 11,806 |  | 14,965
At 31 December 2025 | 5,244 |  | 42,798 |  | 48,042
Net book value |  |  |  |  |
At 31 December 2025 | 10,877 |  | 17,590 |  | 28,467
At 31 December 2024 | 14,036 |  | 17,027 |  | 31,063

#### 4. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 January 2025 | 2,500,681 |  | 2,500,681
Movement in fair value | ( 1,462,019) |  | ( 1,462,019)
At 31 December 2025 | 1,038,662 |  | 1,038,662
Carrying value at 31 December 2025 | 1,038,662 |  | 1,038,662
Carrying value at 31 December 2024 | 2,500,681 |  | 2,500,681

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 764,375 |  | 322,616
Other debtors | 335,178 |  | 318,836
| 1,099,553 |  | 641,452

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 5,834 |  | 10,000
Trade creditors | 171,219 |  | 156,643
Other taxation and social security | 109,528 |  | 96,266
Other creditors | 1,464,557 |  | 1,324,236
| 1,751,138 |  | 1,587,145

There are no amounts included above in respect of which any security has been given by the small entity.

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 0 |  | 5,833

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
433,554 A ordinary shares of £ 0.001 each | 433.55 |  | 433.55
10,526 B ordinary shares of £ 0.001 each | 10.53 |  | 10.53
91,105 C ordinary shares of £ 0.001 each | 91.11 |  | 91.11
31,604 D1 ordinary shares of £ 0.001 each (2024: 20,337 shares of £ 0.001 each) | 31.60 |  | 20.34
168,779 D2 ordinary shares of £ 0.001 each (2024: 87,482 shares of £ 0.001 each) | 168.77 |  | 87.48
| 735.56 |  | 643.01

#### 9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
within one year | 43,398 |  | 41,331

#### 10. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.

#### 11. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 December 2025 was unqualified.

The audit report was signed by Nikinder Baller on behalf of Praxis.