Company No: 13928340 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	993,560		640,896
Tangible assets	4	528		903
		994,088		641,799
Current assets
Debtors	5	288,334		287,249
Cash at bank and in hand		23,187		4,695
		311,521		291,944
Creditors: amounts falling due within one year	6	( 907,662)		( 1,048,911)
Net current liabilities		(596,141)		(756,967)
Total assets less current liabilities		397,947		(115,168)
Net assets/(liabilities)		397,947		( 115,168)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		397,847		( 115,268 )
Total shareholders' funds/(deficit)		397,947		( 115,168)

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of CheckdInternational Limited (registered number: 13928340) were approved and authorised for issue by the Board of Directors on 05 June 2026. They were signed on its behalf by:

J M Knowlson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

CheckdInternational Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 125 Deansgate, Manchester, M3 2BY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The following paragraphs set out the basis of which the directors have reached their conclusion.

The Company had net current liabilities of £596,141 (2024: £756,967) and net assets of £397,947 (2024: net liabilities £115,168) at 31 July 2025. The Company relies on the continued financial support of CheckdMedia Limited, a fellow subsidiary to enable it to continue operating and meet its liabilities as they fall due. The Company has received confirmation that this support will continue for a period of at least 12 months from the date of approval of the financial statements.

Therefore, the directors believe it is appropriate to prepare the accounts to 31 July 2025 on a going concern basis.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	3 years straight line
Development costs	3 years straight line

Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. This period is between three and five years. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

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

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, excluding directors	0		0

The directors received no remuneration during the year (2024: £Nil).

During the year, the company was recharged salary costs by a fellow subsidiary in respect of their services to the company.

3. Intangible assets

	Goodwill		Development costs		Total
	£		£		£
Cost
At 01 August 2024	11,135		703,750		714,885
Additions	18,288		432,000		450,288
At 31 July 2025	29,423		1,135,750		1,165,173
Accumulated amortisation
At 01 August 2024	3,238		70,751		73,989
Charge for the financial year	7,449		90,175		97,624
At 31 July 2025	10,687		160,926		171,613
Net book value
At 31 July 2025	18,736		974,824		993,560
At 31 July 2024	7,897		632,999		640,896

4. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 August 2024	1,124		1,124
At 31 July 2025	1,124		1,124
Accumulated depreciation
At 01 August 2024	221		221
Charge for the financial year	375		375
At 31 July 2025	596		596
Net book value
At 31 July 2025	528		528
At 31 July 2024	903		903

5. Debtors

	2025		2024
	£		£
Trade debtors	194,689		163,557
Corporation tax	48,768		68,443
Other debtors	44,877		55,249
	288,334		287,249

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	38,840		60,267
Amounts owed to Group undertakings	735,790		959,047
Amounts owed to related parties	24,235		3,889
Other creditors	108,797		25,708
	907,662		1,048,911

7. Related party transactions

Other related party transactions

During the year, the company received consultancy services from a director totalling £12,000 (2024: £12,000). At the year end the amount due to the director was £nil (2024: £nil).

8. Ultimate controlling party

The ultimate parent company is CheckdGroup Limited a company registered in England & Wales no. 10313336 with registered office: 125 Deansgate, Manchester, M3 2BY.