Practice Intelligence Limited

	Page
Company Information	1
Statement of Financial Position	2—3
Notes to the Financial Statements	4—5

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Statement of Financial Position

As At 31 August 2025

Statement of Financial Position

Registered number: 14269111

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		410,025		234,150

			410,025		234,150
CURRENT ASSETS
Debtors	5	2,540		12,000
Cash at bank and in hand		163,859		33,472

		166,399		45,472
Creditors: Amounts Falling Due Within One Year	6	-		(1,415 )

NET CURRENT ASSETS (LIABILITIES)			166,399		44,057

TOTAL ASSETS LESS CURRENT LIABILITIES			576,424		278,207

NET ASSETS			576,424		278,207

CAPITAL AND RESERVES
Called up share capital	7		158		128
Share premium account			580,242		280,272
Income Statement			(3,976 )		(2,193 )

SHAREHOLDERS' FUNDS			576,424		278,207

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Practice Intelligence Limited

Statement of Financial Position (continued)

As At 31 August 2025

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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Tushar Rajnikantbhai Shah

Director

23/05/2026

The notes on pages 4 to 5 form part of these financial statements.

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Practice Intelligence Limited

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

Practice Intelligence Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14269111 . The registered office is 231 Kenton Road, Harrow, HA3 0HD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Intangible Assets

	Other
	£
Cost
As at 1 September 2024	234,150
Additions	175,875

As at 31 August 2025	410,025

Net Book Value
As at 31 August 2025	410,025

As at 1 September 2024	234,150

Intangible Assets

Intangible assets are amortized to write off the assets on a straight-line basis over their estimated useful economic lives. We review the impairment of intangible assets only when circumstances indicate that the carrying value of an asset may not be fully recoverable. However, intangible assets that are not yet ready for use are not amortized; instead, they are tested for impairment annually.

Development Costs

We recognize expenses incurred during the research phase immediately as they happen. We capitalize costs directly tied to developing software as assets only if they meet specific criteria:

We can accurately and reliably measure the costs.
The project is technically and commercially possible.
The company intends to complete the project and has enough resources to do so.
The company can use or sell the software.
The software will probably generate future economic benefits.
We record development costs that do not meet these criteria as expenses when they occur.

Subsequent Measurement

We manage intangible assets under the cost model. If there is any notable change in the expected useful life or residual value of an intangible asset, we adjust the schedule moving forward to align with the revised projections.

When the software is complete and put to use, we apply the following useful life benchmark for amortization:

Software: 5 years.

Software Under Development and Prior Year Adjustment

...CONTINUED

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Practice Intelligence Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

4. Intangible Assets - continued

Software development costs that we have capitalized, but are not yet completed and put to use, are not subject to amortization. Instead, we evaluate them for impairment.

We have not provided any amortization for the current year on these assets because they remain not put to use.

Subsequent expenditures on the maintenance of computer software are recorded as expenses when they are incurred.

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	2,540	12,000

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	-	1,415

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	158	128

Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS)

The company has been granted both Seed Enterprise Investment Scheme (SEIS) and Enterprise

Investment Scheme (EIS) status by HM Revenue and Customs (HMRC), a move aimed at encouraging

investment in early-stage businesses through enticing tax incentives for individual investors.

The key details regarding EIS and SEIS-related information disclosed in the accounts are as

follows;

Scheme Overview: SEIS offers investors up to 50% income tax relief, whereas EIS provides up to 30%,

incentivizing investment in qualifying early-stage ventures.

Amount of Relief Claimed: Investors have availed themselves of the relief, indicating the portion of their

investment eligible for tax benefits.

Conditions for Relief: To qualify for these tax benefits, the company ensures compliance with HMRC's

conditions, encompassing eligibility criteria, appropriate fund usage, and adherence to specified

shareholding durations.

Compliance Documentation: Thorough records, including SEIS and EIS compliance certificates,

investment agreements, and correspondence with HMRC, are meticulously maintained. These documents

are readily available for inspection by stakeholders and regulatory authorities.

Recognizing the pivotal role of SEIS and EIS in facilitating funding for early-stage enterprises, the company is committed to upholding compliance standards to foster growth opportunities and attract investment.

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Director	Tushar Rajnikantbhai Shah

Company Number	14269111

Registered Office	231 Kenton Road
	Harrow
	HA3 0HD

Accountants	3E'S Accountants Limited
	231 Kenton Road
	Harrow
	Greater London
	HA3 0HD