IRIS Accounts Production v26.1.0.640 03195722 director 1.1.25 31.12.25 31.12.25 3.6.26 false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03195722 2024-12-31 03195722 2025-12-31 03195722 2025-01-01 2025-12-31 03195722 2023-12-31 03195722 2024-01-01 2024-12-31 03195722 2024-12-31 03195722 ns15:EnglandWales 2025-01-01 2025-12-31 03195722 ns14:PoundSterling 2025-01-01 2025-12-31 03195722 ns10:Director1 2025-01-01 2025-12-31 03195722 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 03195722 ns10:SmallEntities 2025-01-01 2025-12-31 03195722 ns10:Audited 2025-01-01 2025-12-31 03195722 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 03195722 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 03195722 ns10:FullAccounts 2025-01-01 2025-12-31 03195722 ns10:CompanySecretary1 2025-01-01 2025-12-31 03195722 ns10:RegisteredOffice 2025-01-01 2025-12-31 03195722 ns5:CurrentFinancialInstruments 2025-12-31 03195722 ns5:CurrentFinancialInstruments 2024-12-31 03195722 ns5:Non-currentFinancialInstruments 2025-12-31 03195722 ns5:Non-currentFinancialInstruments 2024-12-31 03195722 ns5:ShareCapital 2025-12-31 03195722 ns5:ShareCapital 2024-12-31 03195722 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 03195722 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 03195722 ns5:ComputerEquipment 2024-12-31 03195722 ns5:ComputerEquipment 2025-01-01 2025-12-31 03195722 ns5:ComputerEquipment 2025-12-31 03195722 ns5:ComputerEquipment 2024-12-31 03195722 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 03195722 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31

REGISTERED NUMBER: 03195722 (England and Wales)

| Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| ISIS Papyrus UK Limited |

| ISIS Papyrus UK Limited (Registered number: 03195722) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| ISIS Papyrus UK Limited |

Company Information

for the Year Ended 31 December 2025

| DIRECTOR: | A M Pucher

| SECRETARY: | A M Roberts

| REGISTERED OFFICE: | Watership Barn

| Kingsclere Business Park

| Kingsclere

| Berkshire

| RG20 4SW

| REGISTERED NUMBER: | 03195722 (England and Wales)

| ISIS Papyrus UK Limited (Registered number: 03195722) |

Balance Sheet

31 December 2025

| 2025 | 2024 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 13,609 |  | 10,476 |  |

CURRENT ASSETS

Debtors | 6 | 1,011,772 |  | 1,419,822 |  |

Investments | 7 | 2,500,000 |  | 1,500,000 |  |

Cash at bank | 1,054,423 |  | 1,658,157 |  |

4,566,195 |  | 4,577,979 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,326,539 |  | 1,561,743 |  |

NET CURRENT ASSETS | 3,239,656 |  | 3,016,236 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,253,265 |  | 3,026,712 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (9,166 | ) | (163,014 | ) |

PROVISIONS FOR LIABILITIES | (3,402 | ) | (2,619 | ) |

NET ASSETS | 3,240,697 |  | 2,861,079 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Retained earnings | 3,239,697 |  | 2,860,079 |  |

SHAREHOLDERS' FUNDS | 3,240,697 |  | 2,861,079 |  |

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 June 2026 and were signed by:

A M Pucher - Director

| ISIS Papyrus UK Limited (Registered number: 03195722) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| ISIS Papyrus UK Limited 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.

2. | STATEMENT OF COMPLIANCE

| 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| These financial statements are prepared on a going concern basis.

| These are the Company's individual financial statements and do not contain any consolidated information

| relating to the group.

| The principal accounting policies applied in the preparation of these financial statements are set out below.

| These policies have been consistently applied to all the years presented, unless otherwise stated.

| The company's functional and presentational currency is the Pound Sterling (£).

| Turnover

| Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

| The company recognises revenue when the following conditions are satisfied:

| Rendering of services

| Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

| - the amount of revenue can be measured reliably;

| - it is probable that the company will receive the consideration under the contract;

| - the stage of completion of the contract at the end of the reporting period can be measured reliably; and

| - the costs incurred and the costs to complete the contract can be measured reliably.

| ISIS Papyrus UK Limited (Registered number: 03195722) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

| Depreciation and residual values

| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life as follows:

| Computer and office equipment |  | 10-25% straight line |  |

| The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any changes is accounted for prospectively.

| ISIS Papyrus UK Limited (Registered number: 03195722) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

| Financial assets

| Basic financial assets, including trade and other debtors, cash and bank balances, current asset investments and amount owed by group undertakings,are initially recognised at transaction price, 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.

| Such assets are subsequently carried at amortised cost using the effective interest method.

| At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

| Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

| Financial liabilities

| Basic financial liabilities, including trade and other creditors,and loans from fellow group companies, 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 receipts discounted at a market rate of interest.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

| ISIS Papyrus UK Limited (Registered number: 03195722) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax

| Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

| Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amount expected to be paid to the tax authorities.

| Deferred tax

| Deferred tax arises from timing differences that are differences between taxable profit and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessment in periods different from those in which are recognised in financial statements.

| Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

| Foreign currencies

| 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 the profit and loss account except when deferred in other comprehensive income as qualifying cash flow hedges.

| Pension costs and other post-retirement benefits

| 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 obligations are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

| Cash and cash equivalents

| Cash and cash equivalents includes cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less.

| ISIS Papyrus UK Limited (Registered number: 03195722) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | ACCOUNTING POLICIES - continued

| Provisions for liabilities

| Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

| Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one time included in the same class of obligations may be small.

| Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as a finance cost.

| Current asset investments

| Current asset investments are initially recognised at the transaction price (including transaction costs, unless the investment is measured at fair value through profit or loss, in which case transaction costs are expensed). Short-term deposits with a maturity of three months or less are held at cost plus accrued interest, which approximates fair value.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 7 ) .

5. | TANGIBLE FIXED ASSETS

| Computer

| and

| office

| equipment

£ |

| COST

| At 1 January 2025 | 95,204 |  |

| Additions | 6,004 |  |

| At 31 December 2025 | 101,208 |  |

| DEPRECIATION

| At 1 January 2025 | 84,728 |  |

| Charge for year | 2,871 |  |

| At 31 December 2025 | 87,599 |  |

| NET BOOK VALUE

| At 31 December 2025 | 13,609 |  |

| At 31 December 2024 | 10,476 |  |

| ISIS Papyrus UK Limited (Registered number: 03195722) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

6. | DEBTORS

2025 | 2024 |

| as | restated |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 208,658 |  | 364,111 |  |

| Amounts owed by group undertakings | 3,368 |  | - |  |

| Other debtors | 16,789 |  | 16,275 |  |

| Prepayments and accrued income | 776,847 |  | 929,372 |  |

1,005,662 |  | 1,309,758 |  |

| Amounts falling due after more than one year:

| Prepayments and accrued income | 6,110 |  | 110,064 |  |

| Aggregate amounts | 1,011,772 |  | 1,419,822 |  |

7. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

| as | restated |

£ | £ |

| Treasury deposit account | 2,500,000 |  | 1,500,000 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| as | restated |

£ | £ |

| Trade creditors | 1,881 |  | 1,146 |  |

| Amounts owed to group undertakings | 19,305 |  | 69,636 |  |

| Corporation tax | 55,594 |  | 28,130 |  |

| Social security and other taxes | 101,553 |  | 94,795 |  |

| Accruals and deferred income | 1,148,206 |  | 1,368,036 |  |

1,326,539 |  | 1,561,743 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

| as | restated |

£ | £ |

| Accruals and deferred income | 9,166 |  | 163,014 |  |

10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Steve Jordan (Senior Statutory Auditor)

| for and on behalf of Sumer Auditco Limited

| ISIS Papyrus UK Limited (Registered number: 03195722) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

11. | OTHER FINANCIAL COMMITMENTS

| The company had non-cancellable operating lease commitments totalling £148,192 (2024: £229,024) at the balance sheet date.

12. | RELATED PARTY DISCLOSURES

| Balances owed to/(from) ISIS Papyrus UK Limited as at each balance sheet date are as follows;

| Group company |  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| ISIS Papyrus Nordics aps |  | - |  | (3,263 | ) |

| ISIS Papyrus Europe AG |  | (19,305 | ) | (66,373 | ) |

| ISIS Papyrus America Inc |  | 3,368 |  | - |  |

| Amounts included in turnover from trading which took place in each year are as follows;

| Group Company |  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| ISIS Papyrus Software AG |  | 10,659 |  | 4,177 |  |

| ISIS Papyrus Europe AG |  | 71,310 |  | 102,540 |  |

| ISIS Papyrus America Inc |  | 32,683 |  | 10,026 |  |

| Amounts included in expenditure from trading which took place in each year are as follows;

| Group Company |  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| ISIS Papyrus Software AG |  | - |  | 15,075 |  |

| ISIS Papyrus Europe AG |  | 1,389,784 |  | 1,818,340 |  |

| ISIS Papyrus Nordics ApS |  | 7,935 |  | 3,263 |  |

| ISIS Papyrus Asia Pacific Pte Ltd |  | 5,888 |  | 18,240 |  |

| Kingsclere Property Limited

| A company in which A M Pucher is a director and owner.

| During the year, rental costs of £80,832 (2024: £78,872) were paid to Kingsclere Property Limited. The balance at the year end owed to Kingsclere Property Limited was £Nil (2024: £Nil).

| Office Art AG

| A company in which A M Pucher is a director and owner.

| During the year, consultancy income of £72,000 (2024: £70,000) was received from Office Art AG. The balance at the year end owed by Office Art AG was £72,000 (2024: £70,000).

13. | ULTIMATE PARENT COMPANY

| The ultimate parent company is ISIS Holding AG. The group accounts can be requested from the following address:

| Weidstrasse 26

| 6300 Zug

| Switzerland