IRIS Accounts Production v26.1.10.61 10813331 Board of Directors 1.1.25 31.12.25 31.12.25 true false true true false false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 10813331 2024-12-31 10813331 2025-12-31 10813331 2025-01-01 2025-12-31 10813331 2023-12-31 10813331 2024-01-01 2024-12-31 10813331 2024-12-31 10813331 ns15:EnglandWales 2025-01-01 2025-12-31 10813331 ns14:PoundSterling 2025-01-01 2025-12-31 10813331 ns10:Director1 2025-01-01 2025-12-31 10813331 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 10813331 ns10:FRS102 2025-01-01 2025-12-31 10813331 ns10:Audited 2025-01-01 2025-12-31 10813331 ns10:LargeCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 10813331 ns10:LargeCompaniesRegimeForAccounts 2025-01-01 2025-12-31 10813331 ns10:FullAccounts 2025-01-01 2025-12-31 10813331 1 2025-01-01 2025-12-31 10813331 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 10813331 ns10:Director2 2025-01-01 2025-12-31 10813331 ns10:RegisteredOffice 2025-01-01 2025-12-31 10813331 ns10:Director3 2025-01-01 2025-12-31 10813331 ns5:CurrentFinancialInstruments 2025-12-31 10813331 ns5:CurrentFinancialInstruments 2024-12-31 10813331 ns5:ShareCapital 2025-12-31 10813331 ns5:ShareCapital 2024-12-31 10813331 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 10813331 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 10813331 ns5:ShareCapital 2023-12-31 10813331 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 10813331 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 10813331 ns5:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 10813331 ns5:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 10813331 ns5:ComputerSoftware 2025-01-01 2025-12-31 10813331 ns5:FurnitureFittings 2025-01-01 2025-12-31 10813331 ns5:MotorVehicles 2025-01-01 2025-12-31 10813331 ns5:OwnedAssets 2025-01-01 2025-12-31 10813331 ns5:OwnedAssets 2024-01-01 2024-12-31 10813331 ns5:ComputerSoftware 2024-01-01 2024-12-31 10813331 ns5:ComputerSoftware 2024-12-31 10813331 ns5:ComputerSoftware 2025-12-31 10813331 ns5:ComputerSoftware 2024-12-31 10813331 ns5:FurnitureFittings 2024-12-31 10813331 ns5:MotorVehicles 2024-12-31 10813331 ns5:FurnitureFittings 2025-12-31 10813331 ns5:MotorVehicles 2025-12-31 10813331 ns5:FurnitureFittings 2024-12-31 10813331 ns5:MotorVehicles 2024-12-31 10813331 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 10813331 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 10813331 ns5:WithinOneYear 2025-12-31 10813331 ns5:WithinOneYear 2024-12-31 10813331 ns5:BetweenOneFiveYears 2025-12-31 10813331 ns5:BetweenOneFiveYears 2024-12-31 10813331 ns5:AllPeriods 2025-12-31 10813331 ns5:AllPeriods 2024-12-31 10813331 ns5:DeferredTaxation 2025-01-01 2025-12-31 10813331 ns5:DeferredTaxation 2025-12-31 10813331 ns10:OrdinaryShareClass1 2025-12-31 10813331 ns5:RetainedEarningsAccumulatedLosses 2024-12-31

REGISTERED NUMBER: 10813331 (England and Wales)

| Strategic Report, Report of the Directors and |

| Audited Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| Controlexpert UK Limited |

Controlexpert UK Limited (Registered number: 10813331)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Strategic Report | 2 |

Report of the Directors | 4 |

Report of the Independent Auditors | 6 |

Income Statement | 10 |

Other Comprehensive Income | 11 |

Statement of Financial Position | 12 |

Statement of Changes in Equity | 13 |

Statement of Cash Flows | 14 |

Notes to the Statement of Cash Flows | 15 |

Notes to the Financial Statements | 16 |

Controlexpert UK Limited

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | S Lins

| G Georgiou

| REGISTERED OFFICE: | The Hub IQ Business Park

| Fowler Avenue

| Farnborough

| GU14 7JF

| REGISTERED NUMBER: | 10813331 (England and Wales)

| AUDITORS: | Butt Miller

| Chartered Accountants and Statutory Auditor

| 1 Minster Court

| Tuscam Way

| Camberley

| Surrey

| GU15 3YY

Controlexpert UK Limited (Registered number: 10813331)

Strategic Report

for the Year Ended 31 December 2025

The directors present their strategic report for the year ended 31 December 2025.

REVIEW OF BUSINESS

The financial statements show a significant increase in turnover from 2024 to 2025 from £35,348,280 to £46,863,045 representing the company’s continued pursuit of new avenues of business and achieving the attendant growth. Profit before tax for 2025 was £1,989,445 compared to £2,782,166 for 2024.

The company continues to drive to improve the services offered to our customers and to respond to their needs. The directors are confident that the company is in a strong and stable position to move forward into the new financial year and beyond.

We have again invested in technological developments as represented by the net book value of intangible assets held of £5,040,270 (2024: £3,729,788).

The gross assets of the company were £16,972,423 as at 31 December 2025 compared with £15,813,066 as at 31 December 2024. Net cash reserves were £7,171,117 as at 31 December 2025 compared with £9,112,698 as at 31 December 2024.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors have considered the principal risks and uncertainties faced by the company and are of the opinion that these are manageable using the company’s established risk management policies. They believe that there are no risks which pose a fundamental risk to the business. The company continues to invest in risk management activities to mitigate the existing risks.

Financial instruments

The business’s principal financial instruments comprise bank balances, floats held, trade debtors, and trade creditors. The main purpose of these instruments is to finance the business’s operations.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances for doubtful debtors.

Trade creditors are managed by ensuring sufficient funds are available to meet amounts due.

Risks

The directors are aware of the risks faced by the company and use the financial instruments described in this report to manage the risk management objectives.

Use of the financial instruments described in the financial instruments section exposes the company to various risks in particular credit risk, liquidity risk, and cash flow risk, which are described below:

Liquidity risk

The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably.

Credit risk

The company's principal financial assets are cash and trade debtors. The credit risk associated with the cash is limited as the counterparties are commercial banks. Credit given to trade debtors is reviewed on a regular basis to ensure credit terms are adhered to.

Cash flow risk

The directors continually update cash flow forecasts and manage the business cost base to mitigate cash flow risk and to ensure that a suitable level of liquid funds is always available.

Controlexpert UK Limited (Registered number: 10813331)

Strategic Report

for the Year Ended 31 December 2025

SECTION 172(1) STATEMENT

The board of directors of Controlexpert UK Limited consider, both individually and together, that they have acted in the way they consider, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole (having regard to the stakeholders and matters set out in s172(1)(a-f) of the Companies Act).

The board of directors maintain strong relationships with customers, suppliers, and other stakeholders in order to realise the company's strategy effectively.

As a core part of its strategy the company is committed to good outcomes for its customers. The company has regard to the objectives both of its immediate shareholder Controlexpert Holding GmbH, and also the ultimate parent Allianz SE.

ON BEHALF OF THE BOARD:

G Georgiou - Director

8 June 2026

Controlexpert UK Limited (Registered number: 10813331)

Report of the Directors

for the Year Ended 31 December 2025

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company is providing software services to insurance companies and processing insurance claims.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2025.

RESEARCH AND DEVELOPMENT

The company undertakes various R&D activities which support the company’s service offering. Developments in software are a key part of the company’s plans for sustained growth.

FUTURE DEVELOPMENTS

The board is confident that the company’s platform for growth is strong and will enable the company to deliver continued success.

DIRECTORS

S Lins has held office during the whole of the period from 1 January 2025 to the date of this report.

Other changes in directors holding office are as follows:

P D Sykes - resigned 1 October 2025

G Georgiou - appointed 14 October 2025

ENGAGEMENT WITH SUPPLIERS, CUSTOMERS AND OTHERS

Supporting the company's workforce is key to the board of directors. Employees are updated and consulted with regarding company performance on a regular basis. Employees' views are sought and considered in all matters likely to affect their interests.

The company's policy is to pay suppliers by the respective due date specific to each transaction.

The company is committed to good customer outcomes and these are fundamental to the company's current and future growth plans.

STREAMLINED ENERGY AND CARBON REPORTING

As the company has not consumed more than 40,000kWh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities.

DISCLOSURE IN THE STRATEGIC REPORT

Information relating to principal risks and uncertainties is shown in the Strategic Report, under s414C(11) of the Companies Act 2006.

Controlexpert UK Limited (Registered number: 10813331)

Report of the Directors

for the Year Ended 31 December 2025

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors 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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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 and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- | 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 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

G Georgiou - Director

8 June 2026

Report of the Independent Auditors to the Members of

Controlexpert UK Limited

Opinion

We have audited the financial statements of Controlexpert UK Limited (the 'company') for the year ended 31 December 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, 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 profit for the year 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 Auditors' 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 UK, including the FRC'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 directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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.

Opinions 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 Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of

Controlexpert UK Limited

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 Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where 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.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, 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 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.

Report of the Independent Auditors to the Members of

Controlexpert UK Limited

Auditors' 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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- The nature of the industry and the specific sector the company is in;

- The company's control environment and business performance including the design of the company's policies and key drivers for remuneration including staff bonus levels;

- Results of our enquiries of management about their own identification and assessment of the risks of irregularities;

- Any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and

- the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

Our procedures to respond to risks identified included the following:

- Enquiries of management and staff, including concerning any actual or potential litigation and claims, and any instances of non-compliance with laws;

- Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- Obtaining an understanding of provisions, and holding discussions with management to understand the basis of recognition or non-recognition of provisions; and

- In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; checking internal controls are being followed per the company's policies and assessing their suitability; assessing the judgements made in making accounting estimates; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

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 Report of the Auditors.

Report of the Independent Auditors to the Members of

Controlexpert UK Limited

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 a Report of the Auditors 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.

Susan Ambrose FCCA FCA (Senior Statutory Auditor)

for and on behalf of Butt Miller

Chartered Accountants and Statutory Auditor

1 Minster Court

Tuscam Way

Camberley

Surrey

GU15 3YY

10 June 2026

Controlexpert UK Limited (Registered number: 10813331)

Income Statement

for the Year Ended 31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 46,863,045 |  | 35,348,280 |  |

Cost of sales | (40,648,878 | ) | (28,379,976 | ) |

GROSS PROFIT | 6,214,167 |  | 6,968,304 |  |

Administrative expenses | (4,244,142 | ) | (4,216,861 | ) |

OPERATING PROFIT | 4 | 1,970,025 |  | 2,751,443 |  |

Interest receivable and similar income | 35,577 |  | 32,241 |  |

2,005,602 |  | 2,783,684 |  |

Interest payable and similar expenses | 5 | (16,157 | ) | (1,518 | ) |

PROFIT BEFORE TAXATION | 1,989,445 |  | 2,782,166 |  |

Tax on profit | 6 | (286,188 | ) | (973,311 | ) |

PROFIT FOR THE FINANCIAL YEAR | 1,703,257 |  | 1,808,855 |  |

Controlexpert UK Limited (Registered number: 10813331)

Other Comprehensive Income

for the Year Ended 31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 1,703,257 |  | 1,808,855 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,703,257 |  | 1,808,855 |  |

Controlexpert UK Limited (Registered number: 10813331)

Statement of Financial Position

31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 8 | 5,040,270 |  | 3,729,788 |  |

Tangible assets | 9 | 89,758 |  | 174,287 |  |

5,130,028 |  | 3,904,075 |  |

CURRENT ASSETS

Debtors | 10 | 4,671,278 |  | 2,796,293 |  |

Cash at bank | 7,171,117 |  | 9,112,698 |  |

11,842,395 |  | 11,908,991 |  |

CREDITORS

Amounts falling due within one year | 11 | (9,106,348 | ) | (9,672,688 | ) |

NET CURRENT ASSETS | 2,736,047 |  | 2,236,303 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 7,866,075 |  | 6,140,378 |  |

PROVISIONS FOR LIABILITIES | 13 | (22,440 | ) | - |  |

NET ASSETS | 7,843,635 |  | 6,140,378 |  |

CAPITAL AND RESERVES

Called up share capital | 14 | 100 |  | 100 |  |

Retained earnings | 15 | 7,843,535 |  | 6,140,278 |  |

SHAREHOLDERS' FUNDS | 7,843,635 |  | 6,140,378 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 8 June 2026 and were signed on its behalf by:

G Georgiou - Director

Controlexpert UK Limited (Registered number: 10813331)

Statement of Changes in Equity

for the Year Ended 31 December 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 January 2024 | 100 |  | 4,331,423 |  | 4,331,523 |  |

Changes in equity

Total comprehensive income | - |  | 1,808,855 |  | 1,808,855 |  |

Balance at 31 December 2024 | 100 |  | 6,140,278 |  | 6,140,378 |  |

Changes in equity

Total comprehensive income | - |  | 1,703,257 |  | 1,703,257 |  |

Balance at 31 December 2025 | 100 |  | 7,843,535 |  | 7,843,635 |  |

Controlexpert UK Limited (Registered number: 10813331)

Statement of Cash Flows

for the Year Ended 31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 1,819,327 |  | 2,976,084 |  |

Interest paid | (16,157 | ) | (1,518 | ) |

Tax paid | (1,065,842 | ) | (612,951 | ) |

Net cash from operating activities | 737,328 |  | 2,361,615 |  |

Cash flows from investing activities

Purchase of intangible fixed assets | (2,708,270 | ) | (2,019,741 | ) |

Purchase of tangible fixed assets | (6,216 | ) | (1,915 | ) |

Interest received | 35,577 |  | 32,241 |  |

Net cash from investing activities | (2,678,909 | ) | (1,989,415 | ) |

Cash flows from financing activities

Loan repayments in year | - |  | (524,203 | ) |

Net cash from financing activities | - |  | (524,203 | ) |

Decrease in cash and cash equivalents | (1,941,581 | ) | (152,003 | ) |

Cash and cash equivalents at beginning of year | 2 | 9,112,698 |  | 9,264,701 |  |

Cash and cash equivalents at end of year | 2 | 7,171,117 |  | 9,112,698 |  |

Controlexpert UK Limited (Registered number: 10813331)

Notes to the Statement of Cash Flows

for the Year Ended 31 December 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 1,989,445 |  | 2,782,166 |  |

| Depreciation charges | 1,488,533 |  | 1,201,469 |  |

| Finance costs | 16,157 |  | 1,518 |  |

| Finance income | (35,577 | ) | (32,241 | ) |

3,458,558 |  | 3,952,912 |  |

| (Increase)/decrease in trade and other debtors | (1,739,484 | ) | 8,742,151 |  |

| Increase/(decrease) in trade and other creditors | 100,253 |  | (9,718,979 | ) |

| Cash generated from operations | 1,819,327 |  | 2,976,084 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

| Year ended 31 December 2025

| 31.12.25 |  | 1.1.25

£ | £ |

| Cash and cash equivalents | 7,171,117 |  | 9,112,698 |  |

| Year ended 31 December 2024

| 31.12.24 |  | 1.1.24

£ | £ |

| Cash and cash equivalents | 9,112,698 |  | 9,264,701 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.1.25 | Cash flow | At 31.12.25

£ | £ | £ |

| Net cash |

| Cash at bank | 9,112,698 |  | (1,941,581 | ) | 7,171,117 |  |

9,112,698 |  | (1,941,581 | ) | 7,171,117 |  |

| Total | 9,112,698 |  | (1,941,581 | ) | 7,171,117 |  |

Controlexpert UK Limited (Registered number: 10813331)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Controlexpert 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Significant judgements and estimates

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from the other sources. The estimates and associated assumptions are based on historical experience and other factors that considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| The fixed asset depreciation charge is derived from the estimated useful economic life and residual value of the asset. These are reviewed annually alongside any impairment indicators.

| Intangible asset amortisation charge is derived from the estimated useful economic life and residual value of the intangible asset. These are reviewed annually alongside any impairment indicators.

| The directors assess the closing debtor balances for recoverability and those not considered probable of recovery are provided for in full. For the current year, the directors have assessed the balances outstanding and consider no provision to be required against these.

| Accruals for goods and services not yet invoiced are estimated based on historical activity with the supplier. Prepayments are based on actual invoices received and costs allocated across the relevant accounting period on a straight line basis of the time period in which the service relates to.

| Accrued income represents income due to the company but received after date. This is determined based on the amount invoiced for after date.

| Deferred income represents income invoiced in the year but covering a future period.

Controlexpert UK Limited (Registered number: 10813331)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Revenue recognition

| Turnover comprises the fair value of the consideration received or receivable for the sale of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

| Turnover is recognised when it is considered that a sale has been made. This is considered to be the point at which the customer processes the work to be completed.

| The company recognises revenue when:

| - the amount of revenue can be reliably measured;

| - it is probable that future economic benefits will flow to the entity; and

| - specific criteria have been met for each of the company's activities.

| 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.

| Computer software is being amortised evenly over its 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.

| Fixtures and fittings | - | 20% on cost

| Motor vehicles | - | 25% on cost

| Tangible assets are stated on the Statement of Financial Position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Controlexpert UK Limited (Registered number: 10813331)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Foreign currencies

| Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

| Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

| Operating leases

| Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

| Pension costs

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate.

| Trade debtors

| Trade debtors are amounts due from customers for services performed in the ordinary course of business.

| Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

| Trade creditors

| 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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 1,331,178 |  | 1,982,168 |  |

| Social security costs | 156,373 |  | 193,968 |  |

| Other pension costs | 73,394 |  | 101,845 |  |

1,560,945 |  | 2,277,981 |  |

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Production | 19 |  | 21 |  |

| Administration and support | 4 |  | 4 |  |

| Sales | 1 |  | 1 |  |

24 |  | 26 |  |

| Key management personnel compensation totalled £244,289 (£687,982).

Controlexpert UK Limited (Registered number: 10813331)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | EMPLOYEES AND DIRECTORS - continued

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 131,789 |  | 479,960 |  |

4. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Other operating leases | 41,844 |  | 42,589 |  |

| Depreciation - owned assets | 90,745 |  | 91,865 |  |

| Computer software amortisation | 1,397,788 |  | 1,109,603 |  |

| Foreign exchange differences | 17,865 |  | (39,447 | ) |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Interest payable | 16,157 |  | 1,518 |  |

6. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 520,047 |  | 973,311 |  |

| Prior year overprovision | (256,299 | ) | - |  |

| Total current tax | 263,748 |  | 973,311 |  |

| Deferred tax | 22,440 |  | - |  |

| Tax on profit | 286,188 |  | 973,311 |  |

Controlexpert UK Limited (Registered number: 10813331)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

6. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 1,989,445 |  | 2,782,166 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 497,361 |  | 695,542 |  |

| Effects of:

| Expenses not deductible for tax purposes | 1,721 |  | 2,374 |  |

| Depreciation in excess of capital allowances | 21,132 |  | 22,488 |  |

| Adjustments to tax charge in respect of previous periods | (256,300 | ) | (12,628 | ) |

| Adjustments relating to research and development | - |  | 9,236 |  |

| Other tax effects | (166 | ) | 256,299 |  |

| Effect of deferred tax | 22,440 |  | - |  |

| Total tax charge | 286,188 |  | 973,311 |  |

7. | AUDITORS' REMUNERATION

| Fees payable to the company's auditors are as follows:

| - For the audit of the financial statements £14,700 (2024: £14,000).

| - For all other non-audit services £3,000 (2024: £nil).

8. | INTANGIBLE FIXED ASSETS

| Computer

| software

£ |

| COST

| At 1 January 2025 | 7,651,379 |  |

| Additions | 2,708,270 |  |

| At 31 December 2025 | 10,359,649 |  |

| AMORTISATION

| At 1 January 2025 | 3,921,591 |  |

| Amortisation for year | 1,397,788 |  |

| At 31 December 2025 | 5,319,379 |  |

| NET BOOK VALUE

| At 31 December 2025 | 5,040,270 |  |

| At 31 December 2024 | 3,729,788 |  |

Controlexpert UK Limited (Registered number: 10813331)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

9. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 92,846 |  | 308,836 |  | 401,682 |  |

| Additions | 6,216 |  | - |  | 6,216 |  |

| At 31 December 2025 | 99,062 |  | 308,836 |  | 407,898 |  |

| DEPRECIATION

| At 1 January 2025 | 60,357 |  | 167,038 |  | 227,395 |  |

| Charge for year | 13,536 |  | 77,209 |  | 90,745 |  |

| At 31 December 2025 | 73,893 |  | 244,247 |  | 318,140 |  |

| NET BOOK VALUE

| At 31 December 2025 | 25,169 |  | 64,589 |  | 89,758 |  |

| At 31 December 2024 | 32,489 |  | 141,798 |  | 174,287 |  |

10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 846,595 |  | 354,671 |  |

| Other debtors | 3,030,558 |  | 1,861,617 |  |

| Tax | 135,501 |  | - |  |

| Prepayments | 658,624 |  | 580,005 |  |

4,671,278 |  | 2,796,293 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 417,210 |  | 664,973 |  |

| Tax | - |  | 666,593 |  |

| Social security and other taxes | 210,481 |  | 331,951 |  |

| Other creditors | 8,268,461 |  | 7,924,877 |  |

| Accruals and deferred income | 210,196 |  | 84,294 |  |

9,106,348 |  | 9,672,688 |  |

12. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 37,152 |  | 18,576 |  |

| Between one and five years | 18,576 |  | - |  |

55,728 |  | 18,576 |  |

| The company's significant operating lease expense is its premises - the charge for the year was £37,491 (2024: £36,868).

Controlexpert UK Limited (Registered number: 10813331)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

13. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 22,440 |  | - |  |

| Deferred |

| tax |

£ |

| Provided during year | 22,440 |  |

| Balance at 31 December 2025 | 22,440 |  |

14. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

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

| Ordinary shares have full rights relating to voting, dividends and distributions.

15. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2025 | 6,140,278 |  |

| Profit for the year | 1,703,257 |  |

| At 31 December 2025 | 7,843,535 |  |

16. | PENSION COMMITMENTS

| During the year the charge to the company was £73,394 (2024: 101,845), and contributions of £1,130 (2024: £19,656) were outstanding at the statement of financial position date.

17. | ULTIMATE PARENT COMPANY

| Allianz SE (incorporated in Germany ) is regarded by the directors as being the company's ultimate parent company.

| The company's immediate parent is ControlExpert Holding GmbH, incorporated in Germany. The balance owed to the parent company at the year end was £865,651 (2024: £512,238).

| The parent of the largest group in which these financial statements are consolidated is Allianz SE, incorporated in Germany.

| The address of Allianz SE is:

| Koniginstrasse 28, 80802 Munich, Germany

| Copies of its accounts are available from this address.

| The parent of the smallest group in which these financial statements are consolidated is Controlexpert Holding GmbH, incorporated in Germany.

| The address of Controlexpert Holding GmbH is:

| Marie-Curie-Strasse 3, 40764 Langenfeld (Rheinland), Germany.

| Copies of its accounts are available from this address.

Controlexpert UK Limited (Registered number: 10813331)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

18. | RELATED PARTY TRANSACTIONS

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.