REGISTERED NUMBER: 11141052 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SMARTLY.IO SOLUTIONS LTD

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

DIRECTORS:

S L Edwards

G S Sampson

REGISTERED OFFICE:

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

REGISTERED NUMBER:

11141052 (England and Wales)

AUDITORS:

Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

The directors present their strategic report for the year ended 31 December 2025.

REVIEW OF BUSINESS

The Company is engaged in the business of providing services to the parent company, Smartly.io Solutions Oy related to social media marketing optimization and social media marketing optimization on creative ads through artificial intelligence, mainly in the UK market. The Company also provides back office and administrative support services to the parent company.

The Company saw an increase in loss before tax of 55.6% in the year from £0.9m to £1.4m. This is from an increase in personnel costs from £10.3m to £13.4m, due to increased headcount, and increased operational costs from £2.0m to £3.3m. These increased costs have resulted in an increase in service fee and management fee from the group, with revenue increasing by 35.4% from £11.3m to £15.3m. The net assets also increased in the year by 36.8% from £1.9m to £2.6m.

PRINCIPAL RISKS AND UNCERTAINTIES

The business is subject to regulations, including General Data Protection Regulation, UK Data Protection Act, Consumer Rights Act and Tax Law. We have a Legal Team to regularly review and evaluate these regulations to ensure weremaincompliant.

KEY PERFORMANCE INDICATORS

Management does not set individual Company KPIs but sets Group KPIs with clear revenue and EBITDA targets for the year, for which the Company is included. Monthly financial statement analysis tracks actual performance to forecast and the forecasted position is updated for theremainderof the year. This processprovidesa real time view of how the year is going and allowsusto take corrective action ifrequired.

ON BEHALF OF THE BOARD:

G S Sampson - Director

22 May 2026

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

S L Edwards

G S Sampson

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Oury Clark Chartered Accountants, offer themselves for re-appointment at the forthcoming General Meeting.

ON BEHALF OF THE BOARD:

G S Sampson - Director

22 May 2026

Opinion

We have audited the financial statements of Smartly.io Solutions Ltd (the 'company') for the year ended 31 December 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months and one day from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be misstated. If we identify such inconsistencies or apparent misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified any matters in the Strategic Report and the Report of the Directors that are inconsistent with our overall view of the financial statements.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Identifying and assessing potential irregularities, including fraud

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- Considering the nature of the industry, sector, control environment and current business activities, including possible performance targets and subsequent remuneration;

- Enquiring of management concerning policies and procedures relating to:

1. Complying with laws and regulations and whether there were any instances of non-compliance;

2. Mitigating, detecting and responding to fraud risk and whether there has been any actual or possible instances of fraud;

- Discussing within the engagement team regarding how and where fraud may occur in the financial statements along with the possible indicators of fraud. We identified management override as the area most likely to be susceptible to fraud; and

- Discussing within the engagement team the legal and regulatory framework in which the company operates and in particular those which would have an impact on the financial statements. The key laws and regulations considered were the Companies Act 2006, UK tax legislation and UK employment legislation.

Audit response to the risks identified

As noted above, we identified management override as a matter that would most likely be susceptible to fraud. Our procedure to respond to the risk included a review of the nominal ledger and journals posted in the year to ensure there was no evidence of management override.

Further, we also identified compliance with the Companies Act 2006, UK tax legislation and UK employment legislation as being key areas where there may be possible non-compliance. Our procedures to respond to these risks included the following:

- Review the financial statement disclosures and testing to supporting documentation to assess compliance with the Companies Act 2006;

- Safeguard review of the financial statements by a qualified accountant, not associated with the audit team;

- Review of the corporation tax return to ensure it complies with UK tax legislation and completion of our detailed corporation tax checklist;

- Safeguard review of the tax computation by a qualified Chartered Tax Advisor, not associated with the audit team; and

- Check a sample of compliance with right to work checks and reviewed legal fees for indications of material issues arising out of non-compliance with UK employment law.

The above matters and identified laws and regulations and potential fraud risks were communicated to all engagement team members in order to enable the team to have the ability to identify such risks. The whole team remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in the audit procedures described above and the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Emma Crowley (Senior Statutory Auditor)

for and on behalf of Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

22 May 2026

TURNOVER

3

15,311,291

11,333,991

Administrative expenses

16,704,387

12,259,271

(1,393,096

)

(925,280

)

Other operating income

-

3,420

OPERATING LOSS and

LOSS BEFORE TAXATION

(1,393,096

)

(921,860

)

Tax on loss

6

-

(559

)

LOSS FOR THE FINANCIAL YEAR

(1,393,096

)

(921,301

)

LOSS FOR THE YEAR

(1,393,096

)

(921,301

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(1,393,096

)

(921,301

)

FIXED ASSETS

Tangible assets

7

74,554

52,159

CURRENT ASSETS

Debtors

8

4,848,576

3,491,146

Cash at bank

72,493

510,810

4,921,069

4,001,956

CREDITORS

Amounts falling due within one year

9

2,324,835

2,178,416

NET CURRENT ASSETS

2,596,234

1,823,540

TOTAL ASSETS LESS CURRENT LIABILITIES

2,670,788

1,875,699

CAPITAL AND RESERVES

Called up share capital

11

1,000

1,000

Capital contribution reserve

12

2,745,465

2,823,197

Retained earnings

12

(75,677

)

(948,498

)

SHAREHOLDERS' FUNDS

2,670,788

1,875,699

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

G S Sampson - Director

Called up

Capital

share

Retained

contribution

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2024

1,000

(27,197

)

1,234,947

1,208,750

Changes in equity

Total comprehensive income

-

(921,301

)

1,588,250

666,949

Balance at 31 December 2024

1,000

(948,498

)

2,823,197

1,875,699

Changes in equity

Total comprehensive income

-

872,821

(77,732

)

795,089

Balance at 31 December 2025

1,000

(75,677

)

2,745,465

2,670,788

Cash flows from operating activities

Cash generated from operations

1

771,219

2,347,573

Tax paid

-

558

Net cash from operating activities

771,219

2,348,131

Cash flows from investing activities

Purchase of tangible fixed assets

(61,794

)

(44,437

)

Net cash from investing activities

(61,794

)

(44,437

)

Cash flows from financing activities

Movement in group balances

(1,147,742

)

(2,149,099

)

Net cash from financing activities

(1,147,742

)

(2,149,099

)

(Decrease)/increase in cash and cash equivalents

(438,317

)

154,595

Cash and cash equivalents at beginning of year

2

510,810

356,215

Cash and cash equivalents at end of year

2

72,493

510,810

1.	RECONCILIATION OF LOSS BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.12.25

31.12.24

£

£

Loss before taxation

(1,393,096

)

(921,860

)

Depreciation charges

39,399

20,012

Share option charge

2,188,185

1,588,250

834,488

686,402

(Increase)/decrease in trade and other debtors

(226,793

)

81,007

Increase in trade and other creditors

163,524

1,580,164

Cash generated from operations

771,219

2,347,573

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

72,493

510,810

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

510,810

356,215

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank

510,810

(438,317

)

72,493

510,810

(438,317

)

72,493

Total

510,810

(438,317

)

72,493

1.	STATUTORY INFORMATION

Smartly.io Solutions Ltd 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.

The company's trading address is: 31-32 Alfred Place, London, WC1E 7DP.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has obtained a letter of support from its ultimate parent company, Smartly.io Holding Oy. The Directors of Smartly.io Holding Oy have provided a commitment to provide any financial support which may be necessary in order that the company can meet its liabilities, as they fall due, for a period of at least 12 months and 1 day from the date of the Smartly.io Solutions Ltd audit report. As a result of this commitment the directors have continued to adopt the going concern basis in preparing these financial statements.

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.

Critical accounting judgements and key sources of estimation uncertainty

The process of preparing financial statements in conformity with accounting principles generally accepted in the United Kingdom ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results could differ from those estimates.

The most significant accounting policies requiring judgment by management and the key factors of uncertainty related to estimates are Share-based payment transactions which is presented in this note.

Turnover

Turnover represents amounts charged to the company's parent company under an advertising and marketing agreement, excluding value added tax. Turnover is recognised when rechargeable costs are incurred.

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

-

Straight line over 3 years

Tangible fixed assets are recognised at initial cost, less depreciation as calculated in line with the above.

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.

Hire purchase and leasing commitments

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.

Financial instruments

Financial assets and financial liabilities are recognised in the Company’s balance sheet when the Company

becomes a party to the contractual provisions of the relevant instrument, and derecognised when it ceases to be a party to such provisions.

Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly

attributable to the acquisition or issue of financial assets and financial liabilities are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition.

Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair value through the statement of total comprehensive income are recognised immediately in profit or loss.

Financial assets

The Company classifies its financial assets into the categories, discussed below, due to the purpose for which the asset was acquired. The Company has not classified any of its financial assets as held to maturity.

Loans and receivables

These assets are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They arise principally through the provision of services to customers (e.g. trade debtors), but also incorporate other types of contractual monetary asset. They are initially recognised at fair value, including transaction costs that are directly attributable to their acquisition or issue, and are subsequently carried at amortised cost.

The Company’s loans and receivables consist of trade and other debtors and prepayments included within the balance sheet. Cash and bank balances include cash held at bank and cash on hand.

For certain categories of financial asset, such as trade debtors, assets that are assessed not to be impaired

individually are, in addition, assessed for impairment on a collective basis. Objective evidence of impairment for a portfolio of receivables includes the Company’s past experience of collecting payments.

Financial liabilities and equity

Debt and equity instruments are classified as either financial liabilities or as equity in accordance with the

substance of the contractual arrangement.

Equity instruments

An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities. Ordinary shares are classified as equity; ordinary shares issued by the Company are recognised at the proceeds received, net of direct issue costs.

Financial liabilities

Borrowings are initially recognised at fair value net of any directly attributable transaction costs. These

interest-bearing liabilities are subsequently measured at amortised cost using the effective interest method, with the interest expense charged at a constant rate on the outstanding liabilities.

Share based payments

Equity-settled share-based compensation benefits are provided to employees.

Equity-settled transactions are awards of shares, or options over shares, that are provided to employees in exchange for services.

The cost of equity-settled transactions is measured at fair value on grant date. For options over shares, fair value is independently determined using the Black Scholes option pricing model that takes into account the exercise price, the term of the option, the impact of dilution, the share price at grant date and expected price volatility of the underlying share, the expected dividend yield and the risk free interest rate for the term of the option, together with non-vesting conditions that do not determine whether the Group receives the services that entitle the employees to receive payment. No account is taken of any other vesting conditions. For the sole award of shares, the fair value is deemed to be the fair value of the underlying share at the grant date.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

31.12.25

31.12.24

£

£

Finland

15,311,291

11,333,991

15,311,291

11,333,991

4.	EMPLOYEES AND DIRECTORS

31.12.25

31.12.24

£

£

Wages and salaries

12,154,888

8,945,735

Social security costs

1,020,701

959,293

Other pension costs

165,843

147,480

Termination costs

18,199

232,377

13,359,631

10,284,885

During the year, the company incurred costs relating to termination benefits for employees. Termination benefits are recognised when the company is demonstrably committed to either:

- terminating the employment of an employee or group of employees before the normal retirement date; or

- providing termination benefits as a result of an offer made to encourage voluntary redundancy.

At the reporting date, there were no significant outstanding obligations relating to termination benefits. All amounts due have been settled or accrued in accordance with the terms of the agreements.

The average number of employees during the year was as follows:

31.12.25

31.12.24

Production

7

6

Admin

16

15

Sales

40

34

63

55

31.12.25

31.12.24

£

£

Directors' remuneration

2,689,686

1,546,539

The remuneration of the highest paid director during the year was £703,006 (2025: £677,652).

5.	OPERATING LOSS

The operating loss is stated after charging/(crediting):

31.12.25

31.12.24

£

£

Other operating leases

1,061,515

389,709

Depreciation - owned assets

39,399

20,011

Auditors' remuneration

23,488

25,775

Foreign exchange differences

(619

)

721

6.

TAXATION

Analysis of the tax credit

The tax credit on the loss for the year was as follows:

31.12.25

31.12.24

£

£

Current tax:

UK corporation tax

-

(559

)

Tax on loss

-

(559

)

Reconciliation of total tax credit included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.12.25

31.12.24

£

£

Loss before tax

(1,393,096

)

(921,860

)

Loss multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

(348,274

)

(230,465

)

Effects of:

Expenses not deductible for tax purposes

593,502

424,514

Capital allowances in excess of depreciation

(5,599

)

(6,106

)

Utilisation of tax losses

-

(15,109

)

Adjustments to tax charge in respect of previous periods

-

(4,336

)

Group relief

(239,629

)

(169,057

)

Total tax credit

-

(559

)

7.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2025

82,837

Additions

61,794

At 31 December 2025

144,631

DEPRECIATION

At 1 January 2025

30,678

Charge for year

39,399

At 31 December 2025

70,077

NET BOOK VALUE

At 31 December 2025

74,554

At 31 December 2024

52,159

8.

DEBTORS

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

4,425,896

3,295,259

Other debtors

10,057

2,325

VAT

81,376

25,057

Prepayments

143,171

108,505

4,660,500

3,431,146

Amounts falling due after more than one year:

Other debtors

188,076

60,000

Aggregate amounts

4,848,576

3,491,146

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

121,194

33,508

Amounts owed to group undertakings

-

17,105

Social security and other taxes

391,683

485,193

Other creditors

113,188

106,163

Accrued expenses

1,698,770

1,536,447

2,324,835

2,178,416

Included within other creditors is an amount of £24,507 (2024: £10,949) in respect of unpaid pensions at the year end.