Silverfin false 21 May 2026 21 May 2026 Matthew Neill BA (Hons) MA FCA S&W Partners Audit Limited 1,493,733 831,896 false true 31/12/2025 01/01/2025 31/12/2025 J Y Davis 04/08/2025 08/06/2018 M J Davis 04/08/2025 R H Ellis P Gladdish D W Groves G Michalakidis A Mistry D Savage 21 May 2026 The principal activity of the Company is the provision of an online platform for tailored financial education, with support and services for both employees and employers. 11406613 2025-12-31 11406613 bus:Director1 2025-12-31 11406613 bus:Director2 2025-12-31 11406613 2024-12-31 11406613 core:CurrentFinancialInstruments 2025-12-31 11406613 core:CurrentFinancialInstruments 2024-12-31 11406613 core:Non-currentFinancialInstruments 2025-12-31 11406613 core:Non-currentFinancialInstruments 2024-12-31 11406613 core:ShareCapital 2025-12-31 11406613 core:ShareCapital 2024-12-31 11406613 core:RetainedEarningsAccumulatedLosses 2025-12-31 11406613 core:RetainedEarningsAccumulatedLosses 2024-12-31 11406613 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 11406613 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-12-31 11406613 core:PlantMachinery 2024-12-31 11406613 core:PlantMachinery 2025-12-31 11406613 core:CostValuation 2024-12-31 11406613 core:CostValuation 2025-12-31 11406613 2025-01-01 2025-12-31 11406613 bus:FilletedAccounts 2025-01-01 2025-12-31 11406613 bus:SmallEntities 2025-01-01 2025-12-31 11406613 bus:Audited 2025-01-01 2025-12-31 11406613 2024-01-01 2024-12-31 11406613 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 11406613 bus:Director1 2025-01-01 2025-12-31 11406613 bus:Director2 2025-01-01 2025-12-31 11406613 bus:Director3 2025-01-01 2025-12-31 11406613 bus:Director4 2025-01-01 2025-12-31 11406613 bus:Director5 2025-01-01 2025-12-31 11406613 bus:Director6 2025-01-01 2025-12-31 11406613 bus:Director7 2025-01-01 2025-12-31 11406613 bus:Director8 2025-01-01 2025-12-31 11406613 core:DevelopmentCostsCapitalisedDevelopmentExpenditure core:TopRangeValue 2025-01-01 2025-12-31 11406613 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 11406613 core:PlantMachinery core:TopRangeValue 2025-01-01 2025-12-31 11406613 core:PlantMachinery 2025-01-01 2025-12-31 11406613 core:CurrentFinancialInstruments 2025-01-01 2025-12-31 11406613 core:Non-currentFinancialInstruments 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Company No: 11406613 (England and Wales)

# AVC WISE LIMITED

### Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

AVC WISE LIMITED

## Financial Statements

For the financial year ended 31 December 2025

Contents

AVC WISE LIMITED

## COMPANY INFORMATION

For the financial year ended 31 December 2025
AVC WISE LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 December 2025

DIRECTORS | J Y Davis (Resigned 04 August 2025)
| M J Davis (Appointed 04 August 2025)
| R H Ellis
| P Gladdish
| D W Groves
| G Michalakidis
| A Mistry
| D Savage

REGISTERED OFFICE | First Floor
| 5 Fleet Place
| London
| EC4M 7RD
| United Kingdom

COMPANY NUMBER | 11406613 (England and Wales)

AUDITOR | S&W Partners Audit Limited
| Statutory Auditor
| Brockbourne House
| 77 Mount Ephraim
| Royal Tunbridge Wells
| TN4 8BS
| United Kingdom

AVC WISE LIMITED

## BALANCE SHEET

As at 31 December 2025
AVC WISE LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
|  |  |  | Restated - note 2
Fixed assets |  |  |  |
Intangible assets | 4 | 3,288,615 |  | 2,992,719
Tangible assets | 5 | 44,569 |  | 47,486
Investments | 6 | 100 |  | 100
|  | 3,333,284 |  | 3,040,305
Current assets |  |  |  |
Debtors | 7 | 1,249,112 |  | 986,183
Cash at bank and in hand |  | 721,296 |  | 246,013
|  | 1,970,408 |  | 1,232,196
Creditors: amounts falling due within one year | 8 | ( 1,579,189) |  | ( 4,401,302)
Net current assets/(liabilities) |  | 391,219 |  | (3,169,106)
Total assets less current liabilities |  | 3,724,503 |  | (128,801)
Creditors: amounts falling due after more than one year | 9 | ( 2,359,571) |  | 0
Net assets/(liabilities) |  | 1,364,932 |  | ( 128,801)
Capital and reserves |  |  |  |
Called-up share capital |  | 200 |  | 200
Profit and loss account |  | 1,364,732 |  | ( 129,001 )
Total shareholders' funds/(deficit) |  | 1,364,932 |  | ( 128,801)

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of AVC Wise Limited (registered number: 11406613) were approved and authorised for issue by the Board of Directors on 21 May 2026. They were signed on its behalf by:

A Mistry Director |

AVC WISE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
AVC WISE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 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

AVC Wise 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 First Floor, 5 Fleet Place, London, EC4M 7RD, United Kingdom.
The financial statements have been prepared under the historical cost convention, 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 AVC Wise Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

##### Going concern

The Company reported a profit of £1,493,733 (2024: £831,896), net assets of £1,364,932 (2024: net liabilities of £128,801) and net current assets of £391,219 (2024: net current liabilities of £3,169,106).
The directors have carried out their assessment of the Company’s ability to continue as a going concern, taking into account all available information, including management accounts and cash flow forecasts covering a period of more than 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 Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise on monetary items.

##### Turnover

Turnover is stated net of VAT and trade discount.
The Company earns revenue from the provision of services to both Partner firms and their employees. Revenue is recognised when services are delivered and there is a contractual right to consideration.
The Company also receives commission income from third-party providers in connection with employee participation in certain products and services. Commission revenue is recognised when the Company has fulfilled its performance obligations under the relevant agreements and it is probable that the economic benefits will flow to the Company.
Where services are provided under ongoing contracts, revenue is recognised over time by reference to the stage of completion.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Intangible assets

Intangible assets are stated at cost, 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 | 5 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 (5 years). A provision is made for any impairment.

##### Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 5 years straight line

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 Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held with banks, and bank overdrafts.

##### Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### 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.

##### Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

#### 2. Prior year adjustment

The directors have identified a 2024 purchase invoice that had not been issued and had not been accrued for. The directors have now restated the 2024 accruals and cost of sales balances.

|  | As previously reported |  | Adjustment |  | As restated
Year ended 31 December 2024 |  | £ |  | £ |  | £
Creditors: amounts falling due within one year - Accruals and deferred income |  | (501,953) |  | (54,000) |  | (555,953)
Cost of sales |  | 260,816 |  | 54,000 |  | 314,816

#### 3. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 79 |  | 79

#### 4. Intangible assets

| Development costs |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2025 | 4,271,447 |  | 4,271,447
Additions | 1,284,951 |  | 1,284,951
Disposals | ( 200,390) |  | ( 200,390)
At 31 December 2025 | 5,356,008 |  | 5,356,008
Accumulated amortisation |  |  |
At 01 January 2025 | 1,278,728 |  | 1,278,728
Charge for the financial year | 989,055 |  | 989,055
Disposals | ( 200,390) |  | ( 200,390)
At 31 December 2025 | 2,067,393 |  | 2,067,393
Net book value |  |  |
At 31 December 2025 | 3,288,615 |  | 3,288,615
At 31 December 2024 | 2,992,719 |  | 2,992,719

#### 5. Tangible assets

| Plant and machinery |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2025 | 86,984 |  | 86,984
Additions | 14,586 |  | 14,586
Disposals | ( 2,793) |  | ( 2,793)
At 31 December 2025 | 98,777 |  | 98,777
Accumulated depreciation |  |  |
At 01 January 2025 | 39,498 |  | 39,498
Charge for the financial year | 17,503 |  | 17,503
Disposals | ( 2,793) |  | ( 2,793)
At 31 December 2025 | 54,208 |  | 54,208
Net book value |  |  |
At 31 December 2025 | 44,569 |  | 44,569
At 31 December 2024 | 47,486 |  | 47,486

#### 6. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 January 2025 | 100
At 31 December 2025 | 100
Carrying value at 31 December 2025 | 100
Carrying value at 31 December 2024 | 100

The Company's subsidiary is dormant.

#### 7. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 1,086,485 |  | 807,537
Prepayments and accrued income | 154,146 |  | 170,769
Other debtors | 8,481 |  | 7,877
| 1,249,112 |  | 986,183

#### 8. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 191,733 |  | 186,012
Other loans | 0 |  | 3,142,898
Accruals and deferred income | 634,727 |  | 555,953
Taxation and social security | 714,691 |  | 479,457
Other creditors | 38,038 |  | 36,982
| 1,579,189 |  | 4,401,302

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

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

| 2025 |  | 2024
| £ |  | £
Other loans | 2,359,571 |  | 0

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

#### 10. Share-based payments

Certain employees of the Company have been granted options in the share option scheme of the Company for the primary purpose of providing incentives to the selected employees. Under the scheme, the board of the directors may grant options to eligible employees of the Company to subscribe for shares in the Company.
No expense relating to the share-based payments has been recognised in the accounts because the Directors have determined that the fair value of such awards was not considered material.

#### 11. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 December 2025 was unqualified.

The audit report was signed by Matthew Neill BA (Hons) MA FCA on behalf of S&W Partners Audit Limited.