| Directors | |
| Registered office | |
| Registered number | 14441978 |
| Accountant | A C Dinardo Limited |
| 2 Langston Close | |
| Churchill | |
| Chipping Norton | |
| Churchill | |
| OX7 6QT |
| Notes |
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The financial statements were approved and authorised for issue by the Board of Directors on
James Ritchie
Director |
Company registration number 14441978
The company is a private company and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The financial statements are presented in sterling and this is the functional currency of the company.
The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
The financial statements have been prepared under the historical cost convention in accordance with the Companies Act 2006.
The company reported a net loss of £1,240,284 for the year ended 31 December 2025 and had net liabilities of £2,232,234 at that date. The company is funded by way of an interest-free loan facility provided by its parent company, API Hero Inc, and is dependent on the continued support of that parent to meet its liabilities as they fall due.
The directors have concluded that it remains appropriate to prepare the financial statements on a going concern basis for the following reasons.
API Hero Inc is the ultimate parent company and shares common directors and senior management with API Hero Ltd. The UK company is the primary operating entity of the group, with API Hero Inc acting principally as a holding company. The directors therefore consider the continued funding of API Hero Ltd to be integral to the group's commercial operations and strategy.
During the year ended 31 December 2025, API Hero Inc provided £1,397,902 of funding to the company, and has continued to provide funding subsequent to the year end. The directors have confirmed that API Hero Inc has sufficient financial resources to continue supporting the company and has committed to providing ongoing funding for a period of not less than 12 months from the date of approval of these financial statements.
On the basis of this commitment, and given the operational importance of API Hero Ltd to the wider group, the directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future.
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are 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.
Revenue
Revenue represents subscription fees charged to customers for access to the company's software platform.
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An interest free loan facility is provided by the parent API Hero, Inc, a US company. The balance of this facility as at 31 December 2024 was £2,530,356 (2024: £1,132,454).
API Hero Ltd is a wholly owned subsidiary of API Hero Inc, a company registered in the United States of America. API Hero Inc is therefore both a related party and the ultimate controlling party.
During the year, API Hero Inc provided funding to the company under an interest-free loan facility with no fixed repayment terms. Total drawdowns during the year amounted to £1,397,902 (2024: £728,573). At 31 December 2025 the balance outstanding on this facility was £2,530,356 (2024: £1,132,454).
Also included within the closing balance are two year-end adjustments: an accrual of £68,437 in respect of investor relations and business support services provided by API Hero Inc to the company, and a recharge of £10,234 in respect of US accounting fees. These amounts have been credited to other operating income and administrative expenses respectively in the income statement, and added to the intercompany loan balance.
No amounts have been written off or provided against during the year (2024: nil).
API Hero Ltd is a wholly owned subsidiary of API Hero Inc registered in the United States of America. API Hero Inc registered in the United States of America is the ultimate parent company.