REGISTERED NUMBER: 11822918 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Eyesee Research Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J De Bruyne

SECRETARY:

MYUKOFFICE LTD

REGISTERED OFFICE:

Unit 33, Waterside

Schooner Court

44-48 Wharf Road

London

N1 7UX

REGISTERED NUMBER:

11822918 (England and Wales)

AUDITORS:

Try Lunn & Co

Chartered Accountants

and Statutory Auditors

Roland House

Princes Dock Street

HULL HU1 2LD

FIXED ASSETS

Tangible assets

4

807

1,361

CURRENT ASSETS

Debtors

5

196,313

99,872

Cash at bank

49,351

164,090

245,664

263,962

CREDITORS

Amounts falling due within one year

6

196,469

227,767

NET CURRENT ASSETS

49,195

36,195

TOTAL ASSETS LESS CURRENT LIABILITIES

50,002

37,556

CAPITAL AND RESERVES

Called up share capital

7

50,000

50,000

Retained earnings

2

(12,444

)

SHAREHOLDERS' FUNDS

50,002

37,556

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 2 June 2026 and were signed by:

J De Bruyne - Director

1.	STATUTORY INFORMATION

Eyesee Research 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.	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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company is dependent on the continued financial support of its parent company Eyesee NV, a company registered in Belgium, who has agreed to provide such support to Eyesee Research Limited. The company will be able to meet its debts as they fall due for the foreseeable future. Accordingly the financial statements have been prepared on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises recharges to the parent company and the sale of services to third party customers.

Revenue from recharges is based on an agreed net margin and is recognised annually.

Revenue from sales to third party customers is recognised once the company has delivered its services under the terms of the sale agreement.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment - 33% on Cost

Fixtures & Fittings - 33% on Cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

2,143

DEPRECIATION

At 1 January 2025

782

Charge for year

554

At 31 December 2025

1,336

NET BOOK VALUE

At 31 December 2025

807

At 31 December 2024

1,361

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

154,200

86,088

Amounts owed by group undertakings

6,770

-

Other debtors

35,343

13,784

196,313

99,872

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

4

Amounts owed to group undertakings

-

142,857

Taxation and social security

28,634

13,675

Other creditors

167,835

71,231

196,469

227,767

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50,000

Ordinary

£1

50,000

50,000

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

The Report of the Auditors was unqualified.

Simon Moss FCCA (Senior Statutory Auditor)

for and on behalf of Try Lunn & Co

9.	RELATED PARTY DISCLOSURES

During the year Eysee NV recharged costs to Eyesee Research Limited totalling £58,000 (2024: £4,370).

During the year Eyesee NV loaned Eyesee Research Limited £NIL (2024: £62,094) for working capital. At the balance sheet date an amount of £6,770 was owed from Eyesee NV (2024: £142,857 was owed to Eyesee NV).

Interest of £3,715 (2024: £5,953) was paid on this loan at a market rate.

10.	ULTIMATE CONTROLLING PARTY

The immediate controlling party is Eyesee NV.

There is no ultimate controlling party as defined by FRS102.