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REGISTERED NUMBER: 04057330 (England and Wales)

| Abridged Unaudited Financial Statements |

| for the Year Ended 31 December 2024 |

| for |

| Unasys Limited |

| Unasys Limited (Registered number: 04057330) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Unasys Limited |

Company Information

for the Year Ended 31 December 2024

| DIRECTOR: | M V J Flynn

| SECRETARY: | A M Johnston

| REGISTERED OFFICE: | Boho One

| Bridge Street West

| MIDDLESBROUGH

| TS2 1AE

| REGISTERED NUMBER: | 04057330 (England and Wales)

| ACCOUNTANTS: | Clive Owen LLP

| Chartered Accountants

| 140 Coniscliffe Road

| DARLINGTON

| Co Durham

| DL3 7RT

| Unasys Limited (Registered number: 04057330) |

Abridged Balance Sheet

31 December 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 390,427 |  | 385,991 |  |

Tangible assets | 5 | 15,771 |  | 27,151 |  |

Investments | 6 | 30,000 |  | 30,000 |  |

436,198 |  | 443,142 |  |

CURRENT ASSETS

Debtors | 256,008 |  | 345,089 |  |

Cash at bank | 105,723 |  | 58,767 |  |

361,731 |  | 403,856 |  |

CREDITORS

Amounts falling due within one year | (176,436 | ) | (114,982 | ) |

NET CURRENT ASSETS | 185,295 |  | 288,874 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 621,493 |  | 732,016 |  |

CREDITORS

Amounts falling due after more than one year | (4,979 | ) | (14,979 | ) |

NET ASSETS | 616,514 |  | 717,037 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 200 |  | 200 |  |

Retained earnings | 616,314 |  | 716,837 |  |

SHAREHOLDERS' FUNDS | 616,514 |  | 717,037 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| Unasys Limited (Registered number: 04057330) |

Abridged Balance Sheet - continued

31 December 2024

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 2 June 2026 and were signed by:

M V J Flynn - Director

| Unasys Limited (Registered number: 04057330) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Unasys 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 the provisions of Section 1A "Small Entities" of 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.

| There were no material departures from that standard.

| The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

| Turnover

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

| Contract work in progress

| Contract work in progress is valued at costs incurred, net of amounts transferred to cost of sales, less foreseeable losses and payments on account not matched with turnover. Any profit attributable to contract work in progress, calculated in accordance with FRS 102, has been included by way of turnover and cost of sales, with the amount by which turnover is in excess of payments on account included in debtors in amounts due on contracts.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Software development costs whilst under development are not amortised. Once completed software development costs are to be amortised evenly over their estimated useful life of five years.

| Tangible fixed assets

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

| Plant and machinery | - | 20% on cost

| Fixtures and fittings | - | 15% on cost

| Motor vehicles | - | 25% on cost

| Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

| Grants

| Capital based grants are credited to the profit and loss account in equal instalments, over the estimated useful life of the related asset.

| Revenue based grants are credited to the profit and loss account on receipt.

| Financial instruments

| Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

| Unasys Limited (Registered number: 04057330) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. 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.

| 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.

| 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.

| Fixed asset investments

| Traded fixed asset investments are stated at fair value. Changes in fair value are recognised in profit or loss.

| Investments in private companies are stated at cost less provision for any impairment in value.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2023 - 7 ) .

4. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 January 2024 | 884,068 |  |

| Additions | 52,564 |  |

| At 31 December 2024 | 936,632 |  |

| AMORTISATION

| At 1 January 2024 | 498,077 |  |

| Amortisation for year | 48,128 |  |

| At 31 December 2024 | 546,205 |  |

| NET BOOK VALUE

| At 31 December 2024 | 390,427 |  |

| At 31 December 2023 | 385,991 |  |

| Unasys Limited (Registered number: 04057330) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

5. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 January 2024 | 90,564 |  |

| Additions | 627 |  |

| At 31 December 2024 | 91,191 |  |

| DEPRECIATION

| At 1 January 2024 | 63,413 |  |

| Charge for year | 12,007 |  |

| At 31 December 2024 | 75,420 |  |

| NET BOOK VALUE

| At 31 December 2024 | 15,771 |  |

| At 31 December 2023 | 27,151 |  |

6. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST OR VALUATION

| At 1 January 2024

| and 31 December 2024 | 30,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | 30,000 |  |

| At 31 December 2023 | 30,000 |  |

| The cost value of the investments was £83,337.

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

| 100 | Ordinary A | £1 | 100 |  | 100 |  |

200 |  | 200 |  |

| The 'Ordinary' and 'A Ordinary' shares shall constitute different classes of shares for the purposes of the Companies Act 2006 and all share classes shall be entitled to varying rates of dividend as may be declared by the directors from time to time. The A Ordinary shares shall have no voting rights but the right to repayment of £1 per 'A Ordinary' share from the assets available for distribution on winding up of the company. The Ordinary shares shall have full voting and equity rights.

| Unasys Limited (Registered number: 04057330) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 | 2023 |

£ | £ |

| M V J Flynn

| Balance outstanding at start of year | 29,260 |  | 51,421 |  |

| Amounts advanced | 13,369 |  | 39,491 |  |

| Amounts repaid | (40,000 | ) | (61,652 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 2,629 |  | 29,260 |  |

| The loan is interest free and was repaid by 30th September 2025.