ACCOUNTS - Final Accounts preparation

Registered number: 15827893

	DIRECTORS' REPORT AND FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 31 DECEMBER 2025

	BRITE PAYMENTS LIMITED


BRITE PAYMENTS LIMITED

COMPANY INFORMATION

Directors	J C Bell
	F N A Chamizo
	A-N Goga
	L Hackeloer


Registered number	15827893


Registered office	6th Floor One London Wall
	London
	EC2Y 5EB


Independent auditor	Menzies LLP
	Chartered Accountants & Statutory Auditor
	2nd Floor, Origin One
	108 High Street
	Crawley
	RH10 1BD


BRITE PAYMENTS LIMITED

CONTENTS

	Page
Directors' report	1 - 2
Independent auditor's report	3 - 6
Statement of comprehensive income	7
Statement of financial position	8
Statement of changes in equity	9
Statement of cash flows	10
Analysis of net debt	11
Notes to the financial statements	12 - 19


BRITE PAYMENTS LIMITED

DIRECTORS' REPORT

FOR THE PERIOD ENDED 31 DECEMBER 2025

The directors present their report and the financial statements for the period ended 31 December 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' report 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the Company's financial statements and then apply them consistently;

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

∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

∙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 to 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.

Directors

The directors who served during the period were:

J C Bell (appointed 9 July 2024)

F N A Chamizo (appointed 9 July 2024)

A-N Goga (appointed 9 July 2024)

L Hackeloer (appointed 9 July 2024)

Strategic report exemption

In accordance with Section 414A of the Companies Act 2006, the Company has taken advantage of the exemption from the requirement to prepare a strategic report as it qualifies as a small company and is part of an ineligible group.

Disclosure of information to auditor

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Auditor

Under section 487(2) of the Companies Act 2006, Menzies LLP will be deemed to have been reappointed as auditor 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.

Page 1


BRITE PAYMENTS LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2025

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

L Hackeloer

Director

Date: 26 May 2026

6th Floor One London Wall

London

EC2Y 5EB

Page 2


BRITE PAYMENTS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITE PAYMENTS LIMITED

Opinion

We have audited the financial statements of Brite Payments Limited (the 'Company') for the period ended 31 December 2025, which comprise the Statement of comprehensive income, the Analysis of net debt, the Statement of financial position, the Statement of cash flows, the Statement of changes in equity and the related notes, 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 period 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 Auditor's 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 United Kingdom, including the Financial Reporting Council'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 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 other information comprises the information included in the Annual Report other than the financial statements and our Auditor's report thereon. The directors are responsible for the other information contained within the Annual Report. 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. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material 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 material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 3


BRITE PAYMENTS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITE PAYMENTS LIMITED (CONTINUED)

Opinion 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 Directors' report for the financial period for which the financial statements are prepared is consistent with the financial statements; and

∙the Directors' report has 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 material misstatements in the Directors' report.

We have nothing to report in respect of the following matters in relation to which 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; or

∙the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' report and from the requirement to prepare a Strategic report.

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 1, 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 is 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.

Page 4


BRITE PAYMENTS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITE PAYMENTS LIMITED (CONTINUED)

Auditor's 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 an Auditor's report 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:

∙The Company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation. We determined that the following laws and regulations were most significant, including:

−The Companies Act 2006;

−Financial Reporting Standard 102;

−UK employment legislation;

−UK health and safety legislation;

−UK tax legislation; and

−General Data Protection Regulations.

∙We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

∙We understood how the Company is complying with those legal and regulatory frameworks by, making enquiries to management, those responsible for legal and compliance procedures and the company secretary.

∙The engagement partner assessed whether the engagement team collectively had the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations. The assessment did not identify any issues in this area.

∙We assessed the susceptibility of the Company financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

−Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;

−Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;

−Challenging assumptions and judgements made by management in its significant accounting estimates; and

−Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations.

∙As a result of the above procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas:

−The application of inappropriate judgements or estimation to manipulate the Company's financial position;

−Posting of unusual journals and complex transactions;

−The use of management override of controls to manipulate results, or to cause the Company to enter into transactions not in its best interests.

Page 5


BRITE PAYMENTS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITE PAYMENTS LIMITED (CONTINUED)

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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 Auditor's report.

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 an Auditor's report 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.

Anna Johnston ACA (Senior statutory auditor)

for and on behalf of

Menzies LLP

Chartered Accountants

Statutory Auditor

2nd Floor, Origin One

108 High Street

Crawley

RH10 1BD

26 May 2026

Page 6


BRITE PAYMENTS LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE PERIOD ENDED 31 DECEMBER 2025

	9 July 2024 to 31 December
	2025
Note	£


Turnover	3	154,620
Cost of sales		(6,941)
Gross profit		147,679
Administrative expenses		(943,543)
Operating loss	4	(795,864)
Interest receivable and similar income		825
Loss before tax		(795,039)
Tax on loss	8	(1,190)
Loss for the financial period		(796,229)

Total comprehensive income for the period

(796,229)

There were no recognised gains and losses for 2025 other than those included in the Statement of comprehensive income.

The notes on pages 12 to 19 form part of these financial statements.

Page 7


BRITE PAYMENTS LIMITED REGISTERED NUMBER:15827893

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025
Note		£

Fixed assets
Tangible assets	9		4,758
			4,758
Current assets
Debtors: amounts falling due within one year	10	63,656
Cash at bank and in hand		751,445
		815,101
Creditors: amounts falling due within one year	11	(114,897)
Net current assets			700,204
Total assets less current liabilities			704,962
Provisions for liabilities
Deferred tax		(1,190)
			(1,190)
Net assets			703,772

Capital and reserves
Called up share capital	13	1
Other reserves	15	1,500,000
Profit and loss account	15	(796,229)
Total equity		703,772

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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

L Hackeloer

Director

Date: 26 May 2026

The notes on pages 12 to 19 form part of these financial statements.

Page 8


BRITE PAYMENTS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 DECEMBER 2025

	Called up share capital	Other reserves	Profit and loss account	Total equity
	£	£	£	£
Comprehensive loss for the period
Loss for the period	-	-	(796,229)	(796,229)
Total comprehensive loss for the period	-	-	(796,229)	(796,229)
Contributions by and distributions to owners
Shares issued during the period	1	-	-	1
Shareholder contribution	-	1,500,000	-	1,500,000
Total transactions with owners	1	1,500,000	-	1,500,001
At 31 December 2025	1	1,500,000	(796,229)	703,772

The notes on pages 12 to 19 form part of these financial statements.

Page 9


BRITE PAYMENTS LIMITED

STATEMENT OF CASH FLOWS

FOR THE PERIOD ENDED 31 DECEMBER 2025

			2025
			£

Cash flows from operating activities
(Loss) for the financial period	(796,229)
Adjustments for:
Depreciation of tangible assets	5,613
Interest received	(825)
Taxation charge	1,190
(Increase) in debtors	(43,140)
(Increase) in amounts owed by groups	(20,516)
Increase in creditors	111,829
Increase in amounts owed to groups	3,068
Net cash generated from operating activities	(739,010)

Cash flows from investing activities
Purchase of tangible fixed assets	(10,371)
Interest received	825
Net cash from investing activities	(9,546)
Cash flows from financing activities
Issue of ordinary shares	1
Contributions from shareholders	1,500,000
Net cash used in financing activities	1,500,001
Net increase in cash and cash equivalents	751,445
Cash and cash equivalents at the end of period	751,445

Cash and cash equivalents at the end of period comprise:
Cash at bank and in hand	751,445
	751,445

The notes on pages 12 to 19 form part of these financial statements.

Page 10


BRITE PAYMENTS LIMITED

ANALYSIS OF NET DEBT

FOR THE PERIOD ENDED 31 DECEMBER 2025


	Cash flows	At 31 December 2025
	£	£

Cash at bank and in hand	751,445	751,445
	751,445	751,445

The notes on pages 12 to 19 form part of these financial statements.

Page 11


BRITE PAYMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

1.	General information

Brite Payments Limited is a private company, limited by shares, incorporated in England and Wales. The registered office is disclosed on the company information page, which is also its principal place of business. The principal activity of the Company is to create commercial presence in the UK to assist the holdings company.

Brite Payments Limited was incorporated on 9th July 2024, therefore this is its first year in operation and there are no comparative figures. The reporting date was extended to 31 December 2025 in order to align with the Group's reporting dates.

The significant accounting policies applied in the preparation of these financial statements are set out below, these policies have been consistently applied to all years presented unless otherwise stated.

The figures in these financial statements have been rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentation currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

2.3

Revenue

Revenue is measured at an agreed markup of certain expenditure that the Company incurs in performing its services to the group and represents amounts receivable for services rendered, stated net of discounts and Value Added Tax.

Page 12


BRITE PAYMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in other creditors as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 13


BRITE PAYMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.6

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

2 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

3.	Turnover
	An analysis of turnover by class of business is as follows:
		9 July 2024 to 31 December
		2025
		£

	Service fees	154,620
		154,620

All turnover arose within the United Kingdom.

Page 14


BRITE PAYMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

4.	Operating loss
	The operating loss is stated after charging:
		9 July 2024 to 31 December
		2025
		£

	Exchange differences	1,323
	Depreciation	5,613

5.	Auditor's remuneration
	During the period, the Company obtained the following services from the Company's auditor:
		9 July 2024 to 31 December
		2025
		£

	Fees payable to the Company's auditor for the audit of the Company's financial statements	11,000
	Fees payable to the Company's auditor in respect of:
	Taxation compliance services	1,750
	All non-audit services not included above	2,500

6.	Employees
	Staff costs were as follows:
		9 July 2024 to 31 December
		2025
		£

	Wages and salaries	494,601
	Cost of defined contribution scheme	18,313
		512,914

The average number of monthly employees, including the directors, during the period was 9.

7.	Directors' remuneration
	The Directors were remunerated by the Group and it is not possible to make an accurate apportionment of their remuneration in respect of their services as directors for the Company as they are directors of a number of companies. Accordingly, the above details include no remuneration in respect of the Directors.

Page 15


BRITE PAYMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

8.	Taxation

		9 July 2024 to 31 December
		2025
		£


	Current tax on profits for the year	-
		-

	Total current tax	-

	Deferred tax
	Origination and reversal of timing differences	1,190
	Total deferred tax	1,190


		1,190

	Factors affecting tax charge for the period
	The tax assessed for the period is higher than the standard rate of corporation tax in the UK of 25%. The differences are explained below:
					9 July 2024 to 31 December
					2025
					£

(Loss)/profit on ordinary activities before tax

(795,039)

	(Loss)/profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25%	(198,760)
	Effects of:
	Expenses not deductible for tax purposes	30
	Movement in deferred tax not recognised	199,920
	Total tax charge for the period	1,190

Page 16


BRITE PAYMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

9.	Tangible fixed assets

		Computer equipment
		£
	Cost
	Additions	10,371
	At 31 December 2025	10,371
	Depreciation
	Charge for the period	5,613
	At 31 December 2025	5,613
	Net book value
	At 31 December 2025	4,758

10.

Debtors

					2025
					£


	Amounts owed by group undertakings	20,516
	Other debtors	40,120
	Prepayments and accrued income	3,020
		63,656

Amounts owed by group are interest free and repayable on demand.

11.	Creditors: Amounts falling due within one year
		2025
		£

	Trade creditors	43,035
	Amounts owed to group undertakings	3,068
	Other taxation and social security	16,718
	Other creditors	330
	Accruals and deferred income	51,746
		114,897

Amounts owed to group are interest free and repayable on demand.

Page 17


BRITE PAYMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

12.	Deferred taxation

		2025
		£

	Charged to profit or loss	(1,190)
	At end of year	(1,190)

	The deferred taxation balance is made up as follows:
					2025
					£

	Fixed asset timing differences	1,403
	Short term timing differences	192,955
	Losses and other deductions	(195,548)
		(1,190)

13.	Called up share capital
		2025
		£

		Allotted, called up and fully paid

		100 Ordinary shares of £0.01 each	1

On incorporation, 9 July 2024, 100 Ordinary shares were issued at par value of £0.01 for a total consideration of £1.

Ordinary shares carry full voting, dividend and capital distribution rights.

14.

Pensions

At the reporting date, there was no pension liability due to be paid by the Company.

15.

Reserves

Capital contribution reserve

This reserve represents funds contributed without the issuing of additional shares.

Profit and loss account

Profit and loss account represents cumulative profits or losses net of dividends paid and other adjustments.

Page 18


BRITE PAYMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

16.	Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the reporting date.

17.	Related party transactions
	The Company has taken advantage of the exemption available within FRS 102 Section 33.1A, from disclosing transactions entered into with entities which are 100% group companies.

18.	Controlling party

The immediate parent undertaking is Brite Holding AB. The registered office of Brite Holding AB is Linnegatan 5,Stockholm, Sweden, 114 47.

There is not considered to be an ultimate controlling party.

Page 19