Company No: 11357807 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Intangible assets	4	262,114		0
Tangible assets	5	3,179		0
		265,293		0
Current assets
Debtors	6	294,982		216,616
Cash at bank and in hand		175,496		318,904
		470,478		535,520
Creditors: amounts falling due within one year	7	( 586,247)		( 674,058)
Net current liabilities		(115,769)		(138,538)
Total assets less current liabilities		149,524		(138,538)
Creditors: amounts falling due after more than one year	8	( 8,670)		0
Net assets/(liabilities)		140,854		( 138,538)
Capital and reserves
Called-up share capital	9	126		119
Share premium account		3,280,191		2,255,079
Profit and loss account		( 3,139,463 )		( 2,393,736 )
Total shareholders' funds/(deficit)		140,854		( 138,538)

For the financial year ending 31 May 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These 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 Income Statement has not been delivered.

The financial statements of Digital Innk Limited (registered number: 11357807) were approved and authorised for issue by the Board of Directors on 11 May 2026. They were signed on its behalf by:

A W Montacute Director

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

Digital Innk 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 Office Suite 1 2nd Floor Steamhouse, Belmont Row, Birmingham, B4 7RQ, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Digital Innk Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these 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 Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Income Statement in the period in which they arise on monetary items.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue arising from the provision of services is recognised by reference to the stage of completion as follows:
[include details of the specific recognition and measurement policies for each significant type of service provided]
When the stage of completion cannot be measured reliably revenue is recognised up to the extent of recoverable expenses and accordingly no profit is recognised.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Development costs

10 years straight line

Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. This period is between three and five years. Provision is made for any impairment.

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:

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.

Impairment of assets

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

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.

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.

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

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If the arrangement constitutes a financing transaction, it is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Prior year adjustment

The Company has restated the comparatives for the year ended 31 May 2024. The share capital was previously overstated, in addition current liabilities were understated by the same amount, these errors have now been corrected. Prepaid share capital of £250,005 was included in share capital before the shares were issued, by correcting this, equity has reduced by £250,005 with a corresponding increase in short term creditors of £250,005. This resulted in a decrease of the net assets of the company of £250,005.

During the year, the Company reviewed the presentation of funding commissions previously included within Cost of Sales. The Directors determined that this item is more appropriately classified as Other operating loss. The comparative figures have therefore been restated to reflect this reclassification. The cost of sales have decreased by £46,255 and other operating expenses have increased by £46,255. This adjustment affects presentation only and has no impact on profit or net assets.

A review by the directors identified that certain income and costs had been incorrectly offset in the prior year, despite no right of offset existing. Comparative figures have therefore been restated to present these amounts on a gross basis, increasing turnover by £514,557 and cost of sales by £515,738.
Payments in advance received of £48,000 have also been reclassified from debtors to creditors, together with other minor balance sheet corrections increasing creditors by £13,972 and debtors by £12,789.
The overall effect of these adjustments was to increase the prior‑year loss and reduce net assets by £1,181

During the year, the Company reviewed the presentation of sub-contractor labour previously included within Cost of Sales. The Directors determined that this item is more appropriately classified as administrative expenses. The comparative figures have therefore been restated to reflect this reclassification. The cost of sales have decreased by £182,255 and administrative expenses have increased by £182,255. This adjustment affects presentation only and has no impact on profit or net assets.

		As previously reported		Adjustment		As restated
Year ended 31 May 2024		£		£		£
Turnover		130,051		514,557		644,608
Cost of Sales		(228,510)		(287,228)		(515,738)
Other operating loss		0		(46,255)		(46,255)
Debtors		155,827		60,789		216,616
Creditors		362,081		311,977		674,058
Administrative Expenses		(906,142)		(182,255)		(1,088,397)

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	18		14

4. Intangible assets

	Development costs		Total
	£		£
Cost
At 01 June 2024	0		0
Additions	277,159		277,159
At 31 May 2025	277,159		277,159
Accumulated amortisation
At 01 June 2024	0		0
Charge for the financial year	15,045		15,045
At 31 May 2025	15,045		15,045
Net book value
At 31 May 2025	262,114		262,114
At 31 May 2024	0		0

5. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 June 2024	0		0
Additions	3,468		3,468
At 31 May 2025	3,468		3,468
Accumulated depreciation
At 01 June 2024	0		0
Charge for the financial year	289		289
At 31 May 2025	289		289
Net book value
At 31 May 2025	3,179		3,179
At 31 May 2024	0		0

6. Debtors

	2025		2024
	£		£
Trade debtors	158,662		113,674
Prepayments and accrued income	105,260		82,482
VAT recoverable	1,060		20,460
Other debtors	30,000		0
	294,982		216,616

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,289		29,141
Trade creditors	413,957		244,165
Amounts owed to directors	69,159		64,272
Accruals	23,742		17,917
Other taxation and social security	15,962		17,342
Other creditors	53,138		301,221
	586,247		674,058

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

	2025		2024
	£		£
Bank loans	8,670		0

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

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,260,975 Ordinary shares of £ 0.0001 each (2024: 1,187,224 shares of £ 0.0001 each)	126		119

On 5 September 2024, the company issued 73,751 ordinary shares of £0.0001 each for total consideration of £3,280,316.50. This issue resulted in a total share premium of £1,025,131.52.

10. Financial commitments

Commitments

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

	2025		2024
	£		£
within one year	38,407		23,044
between one and five years	107,539		145,945
Total future minimum lease payments under non-cancellable operating leases	145,946		168,989