REGISTERED NUMBER: 04816468 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

SQUIZ UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S M Barker

Mr J Syriatowicz

SECRETARY:

Mrs A S Lockett

REGISTERED OFFICE:

Huckletree Liverpool Street

1 Primrose Street

London

EC2A 2JN

REGISTERED NUMBER:

04816468 (England and Wales)

AUDITORS:

mgr Audit Limited

Chartered Accountants

Statutory Auditors

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

78,197

134,017

78,197

134,017

CURRENT ASSETS

Debtors

6

3,599,725

2,394,832

Cash at bank

740,181

1,029,374

4,339,906

3,424,206

CREDITORS

Amounts falling due within one year

7

(5,112,975

)

(4,914,150

)

NET CURRENT LIABILITIES

(773,069

)

(1,489,944

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(694,872

)

(1,355,927

)

PROVISIONS FOR LIABILITIES

(6,399

)

-

NET LIABILITIES

(701,271

)

(1,355,927

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(701,371

)

(1,356,027

)

(701,271

)

(1,355,927

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2026 and were signed on its behalf by:

Mr J Syriatowicz - Director

1.	STATUTORY INFORMATION

Squiz UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is recognised on a straight-line basis over the contract term for SaaS, support pack, and hosting revenue. Revenue is recognised at a point in time for licence activations and training services.

Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures and fittings: 33% on cost

Computer equipment: 33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transactions costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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 AND DIRECTORS

The average number of employees during the year was 46 (2024 - 47 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 July 2024

and 30 June 2025

335,815

AMORTISATION

At 1 July 2024

and 30 June 2025

335,815

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 July 2024

12,274

1,642,621

1,654,895

Additions

3,013

62,890

65,903

Disposals

-

(1,530

)

(1,530

)

At 30 June 2025

15,287

1,703,981

1,719,268

DEPRECIATION

At 1 July 2024

8,765

1,512,113

1,520,878

Charge for year

2,780

118,858

121,638

Eliminated on disposal

-

(1,445

)

(1,445

)

At 30 June 2025

11,545

1,629,526

1,641,071

NET BOOK VALUE

At 30 June 2025

3,742

74,455

78,197

At 30 June 2024

3,509

130,508

134,017

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

1,105,565

824,044

Amounts owed by group undertakings

2,254,082

1,477,071

Other debtors

8,914

7,479

Tax

-

9,426

Deferred tax asset

155,547

-

Prepayments and accrued income

75,617

76,812

3,599,725

2,394,832

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

43,530

102,773

Amounts owed to participating interests

800,677

1,175,775

Social security and other taxes

140,605

140,132

VAT

519,557

427,232

Accruals and deferred income

3,608,606

3,068,238

5,112,975

4,914,150

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.6.25

30.6.24

£

£

Within one year

145,200

99,736

This relates to their rental lease.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sarah Yardley (Senior Statutory Auditor)

for and on behalf of mgr Audit Limited

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Squiz Pty Limited, an entity incorporated in Australia, by virtue of its ownership of 100% of the issued share capital.

11.	GOING CONCERN

There was a net deficiency of reserves amounting to £701,271 at the Balance Sheet date. The parent company has confirmed their continued support to the Company, and will ensure that the Company retains sufficient working capital to continue trading for the foreseeable future.