REGISTERED NUMBER: 09896696 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

SMART INSIDER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

W F Lattimer

M J Tindale

Registered office:

Gun House

1 Artillery Passage

London

E1 7LJ

Registered number:

09896696 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

3,522

14,544

Investments

5

567,154

567,154

570,676

581,698

Current assets

Debtors

6

320,043

248,135

Cash at bank

93,969

42,747

414,012

290,882

Creditors

Amounts falling due within one year

7

730,458

625,381

Net current liabilities

(316,446

)

(334,499

)

Total assets less current liabilities

254,230

247,199

Creditors

Amounts falling due after more than one year

8

237,000

244,798

Net assets

17,230

2,401

Capital and reserves

Called up share capital

10

100

100

Retained earnings

11

17,130

2,301

Shareholders' funds

17,230

2,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 15 June 2026 and were signed on its behalf by:

M J Tindale - Director

1.	Statutory information

Smart Insider 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 preparation

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.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Related party exemption

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.

Significant judgements and estimates

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

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, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Critical judgements in applying the Company's accounting policies The critical judgement that the directors have made in the process of applying the Company's accounting policies that have the most significant effect on the amounts recognised in the statutory financial statements are discussed below:

(i) Assessing indicators and impairment In assessing whether there have been any indicators or impairment of assets, the directors have considered both external and internal sources of information such as market conditions, counterparty credit ratings and experience or recoverability.

There have been no indicators or impairments identified during the current financial year.

Fixed asset investments

The company assesses at each reporting date whether an asset may be impaired. If any such indication exists the company estimates recoverable amount of the asset. if the recoverable amount is less than its carrying amount, the carrying amount of the asset is impaired and it is reduced to its recoverable amount through an impairment in profit and loss unless the asset is carried at a revalued amount where the impairment loss of a revalued asset is a revaluation decrease.

Turnover

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

Rendering of services

Revenue from subscription services is recognised over time on a straight-line basis over the subscription period, reflecting the continuous transfer of services to customers. Amounts invoiced in advance for services not yet provided are recognised as deferred income

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Foreign currency transactions are translated into the functional currency using the exchange rate prevailing on that date the transaction took place. Where this is not possible to determine, income and expense items are translated using an average exchange rate for the period.

Monetary assets and liabilities denominated in foreign currencies at the reporting date are reported at the rates of exchange prevailing at that date. Non-monetary items carried at fair value that are denominated in foreign currencies are translated at the rates prevailing at the date when the fair value was determined. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the reporting date of monetary assets and liabilities are reported in profit or loss.

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.

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.

Financial instruments

The Company holds basic financial instruments as defined in Sections 11 and 12 of FRS 102. The principal financial instruments comprise cash, trade and other receivables, trade and other payables, equity investments and preference share liabilities.

The carrying amounts of financial instruments presented in the financial statements approximate to their fair values unless otherwise stated.

Financial assets

(i) Cash and cash equivalents include cash at bank and in hand and short-term deposits with an original maturity of three months or less. These are measured at the amount receivable.

(ii) Trade and other receivables are initially recognised at the transaction price and subsequently measured at amortised cost, less any impairment losses. Receivables falling due within one year are measured at the undiscounted amount of cash expected to be received. The Company assesses at each reporting date whether there is objective evidence of impairment. Any impairment loss is recognised in profit or loss.

(iii) Equity investments in unlisted subsidiaries and other unquoted shares for which reliable fair value information is not available without undue cost or effort are measured at cost less impairment. The carrying amount is reviewed at each reporting date and an impairment loss is recognised in profit or loss where the recoverable amount is lower than carrying amount.

Financial liabilities

(iv) Trade and other payables are initially recognised at the transaction price and subsequently measured at amortised cost using the effective interest method. Payables falling due within one year are measured at the undiscounted amount of cash expected to be paid.

(v) Preference shares issued by the Company are classified as financial liabilities because they contain contractual obligations requiring the Company to deliver cash, including fixed dividends and redemption amounts. These instruments are measured at the transaction price in accordance with FRS 102 for small entities where the effect of discounting is not material. Dividends arising on liability?classified preference shares are recognised as finance costs in the profit and loss account when they become payable.

Equity

(vi) Equity instruments are classified as equity in accordance with the substance of the contractual arrangements. An equity instrument evidences a residual interest in the assets of the Company after deducting all liabilities. Equity instruments issued by the Company are recorded at the fair value of the consideration received, net of any direct issue costs.

3.	Employees and directors

The average number of employees during the year was 14 (2024 - 11 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 January 2025

27,521

Additions

4,273

Disposals

(14,125

)

At 31 December 2025

17,669

Depreciation

At 1 January 2025

12,977

Charge for year

5,470

Eliminated on disposal

(4,300

)

At 31 December 2025

14,147

Net book value

At 31 December 2025

3,522

At 31 December 2024

14,544

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 January 2025

and 31 December 2025

567,154

Net book value

At 31 December 2025

567,154

At 31 December 2024

567,154

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

47,869

16,078

Amounts owed by group undertakings

54,259

42,732

Other debtors

217,915

189,325

320,043

248,135

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

1,663

71,421

Taxation and social security

59,698

36,374

Other creditors

669,097

517,586

730,458

625,381

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Other creditors

237,000

244,798

2025

2024

No of shares

No of shares

'C' Preferred Shares with a par value of £1

237,000

237,000

9.

Loans

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Preference shares

-

8,888

Amounts falling due between two and five years:

Preference shares

237,000

244,798

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

80

A Ordinary

£1

80

80

20

B Ordinary

£1

20

20

100

100

The 'A' Ordinary Shares and 'B' Ordinary Shares constitute different classes of Shares but confer upon the holders the same rights and rank pari passu in all aspects.

11.

Reserves

Retained

earnings

£

At 1 January 2025

2,301

Profit for the year

14,829

At 31 December 2025

17,130

12.	Related party disclosures

At the year end, an amount of £154,415 (2024:156,841) was owed by the director. The balance is unsecured, non-interest bearing and repayable on demand. The balance is due to be repaid within nine months of the year end.

13.	Share-based payment transactions

Enterprise Management Incentive Scheme share options issued to UK employees

Smart Insider Limited employees have been granted options under an Enterprise Management Incentive Scheme at exercise price of £1, which entitles the holders to options on ordinary shares, at a future date. The option prices granted were agreed in advance with HMRC Shares & Asset Valuation Division and represented current actual and unrestricted market value at the time of granting the options.

The options granted to employees vested immediately at the start of the scheme, 1st January 2017.

The directors have reviewed the fair value of the options and they concluded that they had a negligible value at grant date.

The following table shows the movements during the year:

2025

2024

8

8

Granted during the year

-

-

Cancelled during the year

-

-

Exercised during the year

-

-

Outstanding at 31 December

8

8