Ton UK Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05202069

TON UK LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2025

TON UK LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Investments	5		5,151,759	5,151,759

Current assets

Debtors	6	224,851		225,851

Creditors: amounts falling due within one year	7	624,865		197,317
		----------		----------
Net current (liabilities)/assets			( 400,014)	28,534
			-------------	-------------
Total assets less current liabilities			4,751,745	5,180,293
			-------------	-------------
Net assets			4,751,745	5,180,293
			-------------	-------------

Capital and reserves

Called up share capital	8	2,415	2,415
Share premium account		7,906,950	7,906,950
Profit and loss account		( 3,157,620)	( 2,729,072)
		-------------	-------------
Shareholders funds		4,751,745	5,180,293
		-------------	-------------

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 income and retained earnings has not been delivered.

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 .

TON UK LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2025

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: 05202069

TON UK 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 address of the registered office is 2nd Floor Chandos House, 26 North Street, Brighton, East Sussex, BN1 1EB, England.

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.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

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.

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 2 (2024: 2 ).

5. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2025 and 31 December 2025	5,151,759
	-------------
Impairment
At 1 January 2025 and 31 December 2025	–
	-------------

Carrying amount
At 31 December 2025	5,151,759
	-------------
At 31 December 2024	5,151,759
	-------------

The company owns 100% of the issued share capital of Intelligent Positioning Ltd (a company incorporated in England & Wales), 99.99% of the issued share capital of Pi Software Solutions Pty Ltd (a company incorporated in India), 100% of the issued share capital of Blenheim Digital Ltd (a company incorporated in England & Wales) and 100% of Intelligent Positioning Inc (a company incorporated in the United States of America).

	2025	2024
	£	£
Aggregate capital and reserves:
Intelligent Positioning Ltd - at 31/12/25	1,271,889	1,201,838
Pi Software Solutions Pty Ltd - at 31/03/25	57,125	48,817
Blenheim Digital Ltd - at 31/12/25	1	1
Intelligent Positioning Inc - at 31/12/25	(232,787)	(252,069)

Profit/(loss) for the period
Intelligent Positioning Ltd	70,051	100,536
Pi Software Solutions Pty Ltd	8,308	11,124
Intelligent Positioning Inc	19,282	(2,610)

6. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	224,851	225,851
	----------	----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	320,558	184,185
Social security and other taxes	4,848	9,023
Other loans	250,000	–
Other creditors	49,459	4,109
	----------	----------
	624,865	197,317
	----------	----------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 0.01 each	107,579	1,076	107,579	1,076
Ordinary A shares of £ 0.01 each	7,956	80	7,956	80
Ordinary B shares of £ 0.01 each	49,916	499	49,916	499
Ordinary C shares of £ 0.01 each	11,439	114	11,439	114
Ordinary D shares of £ 0.01 each	64,643	646	64,643	646
	----------	-------	----------	-------
	241,533	2,415	241,533	2,415
	----------	-------	----------	-------

9. Related party transactions

At the balance sheet date the company owed £252,595 to Intelligent Positioning Limited, a wholly owned subsidiary (2024: £184,185). At the balance sheet date the company owed £67,963 to its subsidiary, Pi Software Solutions Pty Limited, which is incorporated in India (2024: £1,000 debtor). At the balance sheet date the company was owed £224,851 by its wholly owned subsidiary, Intelligent Positioning Inc, which is incorporated in the United States of America (2024: £224,851). At the balance sheet date, the company owed £250,000 to its shareholder, Mercia (General Partner) Ltd, for an unsecured loan. This loan is repayable on 30 June 2026, or at a later date if agreed in writing by both parties. Interest is payable at 12% per annum.