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COMPANY REGISTRATION NUMBER: 10897880

STECH TECHNOLOGY UK LIMITED

Filleted Unaudited Financial Statements

31 August 2025

STECH TECHNOLOGY UK LIMITED

Financial Statements

Year ended 31 August 2025

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

STECH TECHNOLOGY UK LIMITED

Statement of Financial Position

31 August 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Intangible assets | 5 | 579,356 | 720,776
Tangible assets | 6 | 10,066 | 15,804
| --------- | ---------
| 589,422 | 736,580

Current assets

Debtors | 7 | 99,291 | 46,537
Restricted cash | 8 | – | 93,605
Cash at bank and in hand | 15,184 | 163,556
| --------- | ---------
| 114,475 | 303,698

Creditors: amounts falling due within one year | 9 | 3,253,027 | 1,832,817
| ------------ | ------------
Net current liabilities | 3,138,552 | 1,529,119
| ------------ | ------------
Total assets less current liabilities | ( 2,549,130) | ( 792,539)
| ------------ | ---------
Net liabilities | ( 2,549,130) | ( 792,539)
| ------------ | ---------

Capital and reserves

Called up share capital | 3,700,000 | 3,700,000
Profit and loss account | ( 6,249,130) | ( 4,492,539)
| ------------ | ------------
Shareholders deficit | ( 2,549,130) | ( 792,539)
| ------------ | ------------

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.
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

STECH TECHNOLOGY UK LIMITED

Statement of Financial Position (continued)

31 August 2025
These financial statements were approved by the board of directors and authorised for issue on 6 May 2026 , and are signed on behalf of the board by:

Mr C Sisman |
Director |

Company registration number: 10897880

STECH TECHNOLOGY UK LIMITED

Notes to the Financial Statements

Year ended 31 August 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 86-90 Paul street, London, EC2A 4NE, 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.
Going concern
The company relies on the financial support of the Shareholder and Director who has confirmed his continued support. The director has a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Revenue recognition
Turnover represents the invoiced value, net of Value Added Tax, of services provided to customers. Turnover is wholly derived from the principal activity of the business.
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 | - | 20% straight line

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:

| Office equipment | - | 25% 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.
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 9 (2024: 31 ).
5. Intangible assets

| Development costs
| £
Cost |
At 1 September 2024 | 1,532,025
Additions | 129,806
| ------------
At 31 August 2025 | 1,661,831
| ------------
Amortisation |
At 1 September 2024 | 811,249
Charge for the year | 271,226
| ------------
At 31 August 2025 | 1,082,475
| ------------
Carrying amount |
At 31 August 2025 | 579,356
| ------------
At 31 August 2024 | 720,776
| ------------

6. Tangible assets

| Equipment
| £
Cost |
At 1 September 2024 and 31 August 2025 | 130,305
| ---------
Depreciation |
At 1 September 2024 | 114,501
Charge for the year | 5,738
| ---------
At 31 August 2025 | 120,239
| ---------
Carrying amount |
At 31 August 2025 | 10,066
| ---------
At 31 August 2024 | 15,804
| ---------

7. Debtors

| 2025 | 2024
| £ | £
Other debtors | 99,291 | 46,537
| -------- | --------

Other debtors includes the following:

|  | 2025 | 2024
|  | £ | £
| Prepayments | 32,169 | 41,662
| Rent deposit | – | 4,080
| Pension fund | – | 129

8. Restricted cash

| 2025 | 2024
| £ | £
Restricted cash | – | 93,605
| ---- | --------

9. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 80,981 | 138,444
Social security and other taxes | 15,044 | 45,658
Other creditors | 3,157,002 | 1,648,715
| ------------ | ------------
| 3,253,027 | 1,832,817
| ------------ | ------------

Other Creditors includes the following:

|  | 2025 | 2024
|  | £ | £
| Related company loan | 119,386 | 18,056
| Directors loan account | 1,320,248 | 2,494,275
| Accruals | 32,094 | 207,953
| Duty and gaming taxes | 49,595 | 111,976
| Customer funds | 127,392 | 162,960

10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Advances/ (credits) to the director | Balance outstanding
|  | £ | £ | £
| Mr C Sisman | ( 1,320,248) | ( 35,000) | ( 1,355,248)
|  | ------------ | -------- | ------------

| 2024
|  | Balance brought forward | Advances/ (credits) to the director | Balance outstanding
|  | £ | £ | £
| Mr C Sisman | ( 2,494,275) | 1,174,027 | ( 1,320,248)
|  | ------------ | ------------ | ------------

11. Related party transactions
At the year end the company owed to Stech European Ltd £Nil (2024: £8,404) and Stech Technology Holding (CY) Limited £1,705,077 (2024: £110,983).
12. Controlling party
The company is controlled by Stech Technology Holding (CY) Limited, a company registered in Cyprus.