Halfspace Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11272188

		30 September 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		1,704

			-		1,704
CURRENT ASSETS
Debtors	5	47,369		71,825
Cash at bank and in hand		116,231		10

		163,600		71,835
Creditors: Amounts Falling Due Within One Year	6	(775,115 )		(865,659 )

NET CURRENT ASSETS (LIABILITIES)			(611,515 )		(793,824 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(611,515 )		(792,120 )

Creditors: Amounts Falling Due After More Than One Year	7		-		(15,238 )

NET LIABILITIES			(611,515 )		(807,358 )

CAPITAL AND RESERVES
Called up share capital	8		90,116		90,116
Share premium account			610,383		610,383
Profit and Loss Account			(1,312,014 )		(1,507,857 )

SHAREHOLDERS' FUNDS			(611,515)		(807,358)

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Halfspace Limited

Balance Sheet (continued)

As At 30 September 2025

For the period ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Stephen Schindler

Director

22/06/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Halfspace Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11272188 . The registered office is 5 St. Bride Street, London, EC4A 4AS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% WDV

2.4. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Accounting period

The financial statements have been prepared for the 18-month period from 1 April 2024 to 30 September 2025 following the extension of the company’s accounting reference period. The comparative figures are for the 12-month period ended 31 March 2024 and are therefore not directly comparable.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 5 (2024: 4)

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Halfspace Limited

Notes to the Financial Statements (continued)

For the Period 1 April 2024 to 30 September 2025

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2024	3,376
Disposals	(3,376 )

As at 30 September 2025	-

Depreciation
As at 1 April 2024	1,672
Disposals	(1,672 )

As at 30 September 2025	-

Net Book Value
As at 30 September 2025	-

As at 1 April 2024	1,704

5. Debtors

	30 September 2025	31 March 2024
	£	£
Due within one year
Trade debtors	2,765	3,778
Prepayments and accrued income	8,104	17,854
Other debtors	-	34,900
Net wages	-	15,293
Directors' loan accounts	36,500	-

	47,369	71,825

6. Creditors: Amounts Falling Due Within One Year

	30 September 2025	31 March 2024
	£	£
Trade creditors	267,482	258,117
Bank loans and overdrafts	21,569	43,448
Other loans	14,046	45,310
Other taxes and social security	7,884	115
VAT	69,107	15,776
Other creditors	3,624	3,738
Exceptional costs	-	379,758
Consultants fees	-	91,672
Accruals and deferred income	13,004	15,244
Directors' loan accounts	-	12,481
Amounts owed to parent undertaking	378,399	-

	775,115	865,659

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Halfspace Limited

Notes to the Financial Statements (continued)

For the Period 1 April 2024 to 30 September 2025

7. Creditors: Amounts Falling Due After More Than One Year

	30 September 2025	31 March 2024
	£	£
Bank loans	-	15,238

8. Share Capital

	30 September 2025	31 March 2024
	£	£
Allotted, Called up and fully paid	90,116	90,116

9. Related Party Transactions

On 4 July 2025, the company became a member of a group.

Following the acquisition, the company received further loan funding of £215,500 from its parent undertaking. The parent undertaking also settled costs of £9,500 on behalf of the company and interest of £3,399.45 was charged during the period.

At 30 September 2025, the amount due to the parent undertaking was £363,399.45. This balance included £135,000 of funding advanced before the acquisition.

At 30 September 2025, a further £15,000 was due to a fellow group undertaking in respect of short-term funding received earlier in the period.

10. Off-Balance Sheet Arrangements

On 4 July 2025, PRI0R1TY Intelligence Group PLC acquired control of the company and became its immediate and ultimate parent undertaking.

PRI0R1TY Intelligence Group PLC is incorporated in England and Wales and has its registered office at 28 Austin Friars, London, England, EC2N 2QQ.

PRI0R1TY Intelligence Group PLC is the parent undertaking of the largest and smallest group for which consolidated financial statements are prepared and of which the company is a member.

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