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COMPANY REGISTRATION NUMBER: 06253300

INTELLIGENT POSITIONING LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2025

INTELLIGENT POSITIONING LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

Contents | Page

Officers and professional advisers | 1

Statement of financial position | 2

Notes to the financial statements | 4

INTELLIGENT POSITIONING LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors | G C Titterton
| D C Titterton
| J M Earnshaw
| R C Titterton-Manos
| C C Dobson
| P J Tuffin
| Mr R A Dowson
| Dr Mabbott

Registered office | 2nd Floor Chandos House
| 26 North Street
| Brighton
| East Sussex
| BN1 1EB

Accountants | UHY Affinia
| Chartered Accountants
| 168 Church Road
| Hove
| East Sussex
| BN3 2DL

INTELLIGENT POSITIONING LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Intangible assets | 5 |  | 1,056,637 | 1,053,072
Tangible assets | 6 |  | 10,242 | 13,534
|  | ------------- | -------------
|  | 1,066,879 | 1,066,606

Current assets

Debtors | 7 | 677,868 |  | 531,480
Cash at bank and in hand | 247,648 |  | 342,427
| ---------- |  | ----------
| 925,516 |  | 873,907

Creditors: amounts falling due within one year | 8 | 718,598 |  | 727,809
| ---------- |  | ----------
Net current assets |  | 206,918 | 146,098
|  | ------------- | -------------
Total assets less current liabilities |  | 1,273,797 | 1,212,704

Creditors: amounts falling due after more than one year | 9 |  | – | 8,333

Provisions

Taxation including deferred tax | 1,946 |  | 2,571
Other provisions | ( 38) |  | ( 38)
| ------- |  | -------
|  | 1,908 | 2,533
|  | ------------- | -------------
Net assets |  | 1,271,889 | 1,201,838
|  | ------------- | -------------

Capital and reserves

Called up share capital | 10 |  | 5,145,000 | 5,145,000
Profit and loss account |  | ( 3,873,111) | ( 3,943,162)
|  | ------------- | -------------
Shareholders funds |  | 1,271,889 | 1,201,838
|  | ------------- | -------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

INTELLIGENT POSITIONING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

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.
Directors' responsibilities:
- The 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 Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 March 2026 , and are signed on behalf of the board by:

D C Titterton
Director

Company registration number: 06253300

INTELLIGENT POSITIONING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The registered office and trading address is 2nd Floor Chandos House, 26 North Street, Brighton, East Sussex, BN1 1EB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have confirmed that, in their opinion, there are no known factors that will affect the company's ability to continue in business as a going concern for the foreseeable future.
Revenue recognition
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 have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Development costs | - | over 3 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 25% reducing balance
| Fixtures and fittings | - | 20% straight line
| Computer equipment | - | 33% straight line
| Software costs | - | 33% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 32 (2024: 34 ).
5. Intangible assets

| Development costs
| £
Cost |
At 1 January 2025 | 2,116,221
Additions | 729,425
Disposals | ( 643,449)
| -------------
At 31 December 2025 | 2,202,197
| -------------
Amortisation |
At 1 January 2025 | 1,063,149
Charge for the year | 725,861
Disposals | ( 643,450)
| -------------
At 31 December 2025 | 1,145,560
| -------------
Carrying amount |
At 31 December 2025 | 1,056,637
| -------------
At 31 December 2024 | 1,053,072
| -------------

6. Tangible assets

| Plant and machinery | Fixtures and fittings | Equipment | Software costs | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 January 2025 | 2,472 | 35,371 | 81,085 | 158,817 | 277,745
Additions | – | – | 5,625 | – | 5,625
| ------- | --------- | --------- | ---------- | ----------
At 31 December 2025 | 2,472 | 35,371 | 86,710 | 158,817 | 283,370
| ------- | --------- | --------- | ---------- | ----------
Depreciation |  |  |  |  |
At 1 January 2025 | 2,332 | 34,184 | 68,878 | 158,817 | 264,211
Charge for the year | 35 | 851 | 8,031 | – | 8,917
| ------- | --------- | --------- | ---------- | ----------
At 31 December 2025 | 2,367 | 35,035 | 76,909 | 158,817 | 273,128
| ------- | --------- | --------- | ---------- | ----------
Carrying amount |  |  |  |  |
At 31 December 2025 | 105 | 336 | 9,801 | – | 10,242
| ------- | --------- | --------- | ---------- | ----------
At 31 December 2024 | 140 | 1,187 | 12,207 | – | 13,534
| ------- | --------- | --------- | ---------- | ----------

7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 212,857 | 189,428
Amounts owed by group undertakings | 262,595 | 192,495
Prepayments and accrued income | 90,036 | 88,711
Other debtors | 112,380 | 60,846
| ---------- | ----------
| 677,868 | 531,480
| ---------- | ----------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 8,333 | 20,000
Trade creditors | 57,877 | 27,003
Amounts owed to group undertakings | 3,408 | –
Accruals and deferred income | 565,933 | 564,798
Social security and other taxes | 71,102 | 84,198
Director loan accounts | 1,413 | 2,545
Other creditors | 10,532 | 29,265
| ---------- | ----------
| 718,598 | 727,809
| ---------- | ----------

9. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 8,333
| ---- | -------

10. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 5,145,000 | 5,145,000 | 5,145,000 | 5,145,000
| ------------- | ------------- | ------------- | -------------

11. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 48,574 | 119,564
Later than 1 year and not later than 5 years | 2,416 | 15,035
| --------- | ----------
| 50,990 | 134,599
| --------- | ----------

12. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Advances/ (credits) to the directors | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| D C Titterton | ( 2,545) | 1,132 | – | ( 1,413)
|  | ------- | ------- | ---- | -------

| 2024
|  | Balance brought forward | Advances/ (credits) to the directors | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| D C Titterton | 232 | 166 | ( 2,943) | ( 2,545)
|  | ---- | ---- | ------- | -------

13. Related party transactions
The ultimate parent undertaking is Ton UK Ltd, a company incorporated in England and Wales. At the balance sheet date the company were owed £252,595 by Ton UK Ltd (2024: £184,184). At the balance sheet date the company were owed £10,000 by Pi Software Solutions Pty Ltd, a wholly owned subsidiary of Ton UK Ltd incorporated in India (2024: £nil). At the balance sheet date the company owed £3,408 to Intelligent Positioning Inc, a wholly owned subsidiary of Ton UK Ltd (2024: £8,311 debtor). £197,207 was recharged to Intelligent Positioning Inc at the year end, including a 5% markup, for their share of the company's running costs (2024: £216,262).