Winsopia Limited 31/12/2025 iXBRL

Company registration number: 08447297

Winsopia Limited

Unaudited filleted financial statements

31 December 2025

Winsopia Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Winsopia Limited

Directors and other information


Directors	Mr Thilo Rockmann
	Mr Urs Neeracher-Inga Flores	(Appointed 24 October 2025)


Secretary	Jonathan Brothers


Company number	08447297


Registered office	The IncuHive Space, Hursley Campus
	Hursley Park Road
	Winchester
	Hampshire
	SO21 2JN


Business address	The IncuHive Space, Hursley Campus
	Hursley Park Road
	Winchester
	Hampshire
	SO21 2JN


Accountants	Switch Accounting Ltd
	The IncuHive Space
	Hursley Campus, Hursley Park Road
	Winchester
	Hampshire
	SO21 2JN




	Bankers	National Westminster
		Chatham Rcsc
		Western Avenue
		Chatham
		ME4 4RT


	Solicitors	Clifford Chance LLP
		10 Upper Bank Street
		London
		E14 5JJ

Winsopia Limited

Statement of financial position

31 December 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	-		41,529
		_______		_______
			-		41,529

Current assets
Debtors	7	2,145,373		2,258,421
Cash at bank and in hand		104,631		127,730
		_______		_______
		2,250,004		2,386,151
Creditors: amounts falling due
within one year	8	( 1,350,340)		( 1,689,700)
		_______		_______
Net current assets			899,664		696,451
			_______		_______
Total assets less current liabilities			899,664		737,980

			_______		_______
Net assets			899,664		737,980
			_______		_______

Capital and reserves
Called up share capital			700,000		700,000
Profit and loss account			199,664		37,980
			_______		_______
Shareholder funds			899,664		737,980
			_______		_______

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

Directors responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 02 March 2026 , and are signed on behalf of the board by:

Mr Urs Neeracher-Inga Flores

Director

Company registration number: 08447297

Winsopia Limited

Statement of changes in equity

Year ended 31 December 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 January 2024	700,000	130,969	830,969

Profit/(loss) for the year		( 92,989)	( 92,989)
	_______	_______	_______
Total comprehensive income for the year	-	( 92,989)	( 92,989)

	_______	_______	_______
At 31 December 2024 and 1 January 2025	700,000	37,980	737,980

Profit/(loss) for the year		161,684	161,684
	_______	_______	_______
Total comprehensive income for the year	-	161,684	161,684

	_______	_______	_______
At 31 December 2025	700,000	199,664	899,664
	_______	_______	_______

Winsopia Limited

Notes to the financial statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Winsopia Limited, The IncuHive Space, Hursley Campus, Hursley Park Road, Winchester, Hampshire, SO21 2JN.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest pound.

Going concern

In March 2025 the company lost a lawsuit in the English High Court brought about by an IT supplier, alleging that Winsopia Limited, which had taken out a licence for their mainframe software in 2013, was in breach of certain terms of that licence. They also successfully claimed that the parent company, LzLabs GmbH, was responsible for procuring the alleged breaches. The appeals process is now exhausted and the director's no longer consider that there is a viable business in the UK. Already the business has ceased to trade, the majority of staff have been made redundant, with those remaining tasked with the process of decommissioning IT systems and terminating property leases, and the financial statements have been prepared on a basis other than that of a going concern.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgementsThe judgments (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: - Software licenses dating back 42 months have been accrued into the accounts at a cost of £1,255,340, this being based on the last invoice received from the supplier.Key sources of estimation uncertaintyAccounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:- The value of the Research & Development Expenditure Credit (RDEC) that the business is entitled to is calculated to be £194,889, but the claim will only be submitted after the filing of these accounts. Every effort is made to ensure the accuracy of costs apportioned to qualifying activities including ensuring the business remains compliant with HMRC's Advance Assurance policy.

Turnover

Turnover represents the recharge of costs incurred by the business less value added tax or local taxes on sales, and is recognised in the period to which it relates.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

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

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	20 %	straight line
Fittings fixtures and equipment	-	20 %	straight line
Motor vehicles	-	20 %	straight line
Software	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.Gains and losses on the disposal of fixed assets are recognised in the statement of comprehensive income as they arise.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 16 (2024: 31 ).

5. Dividends

6. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Software	Total
	£	£	£	£	£
Cost
At 1 January 2025	8,779	807,599	62,293	84,100	962,771
Disposals	( 8,779)	( 807,599)	( 62,293)	( 84,100)	( 962,771)
	_______	_______	_______	_______	_______
At 31 December 2025	-	-	-	-	-
	_______	_______	_______	_______	_______
Depreciation
At 1 January 2025	8,779	807,599	20,764	84,100	921,242
Charge for the year	-	-	8,306	-	8,306
Disposals	( 8,779)	( 807,599)	( 29,070)	( 84,100)	( 929,548)
	_______	_______	_______	_______	_______
At 31 December 2025	-	-	-	-	-
	_______	_______	_______	_______	_______
Carrying amount
At 31 December 2025	-	-	-	-	-
	_______	_______	_______	_______	_______
At 31 December 2024	-	-	41,529	-	41,529
	_______	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,537,554	1,618,764
Other debtors	607,819	639,657
	_______	_______
	2,145,373	2,258,421
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	-	76,763
Social security and other taxes	-	100,682
Other creditors	1,350,340	1,512,255
	_______	_______
	1,350,340	1,689,700
	_______	_______

9. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	-	108,968
	_______	_______

10. Contingent assets and liabilities

All costs associated with the legal case (see going concern note 3) along with the settlement of the claimaint's costs are borne by the parent company (LzLabs) and the only provision attributed to this matter in these financial statements is the 42 month (March 2021 to August 2024) accrual under the ICA that the supplier has not invoiced to Winsopia Limited .

11. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
LzLabs GmbH	2,569,246	4,571,405	1,537,554	1,611,573
LzLabs Ltd	-	-	-	-
JMI Services LLC	72,181	99,310	-	7,191
	_______	_______	_______	_______

During the year the company made sales of £2,569,246 (2024 - £4,571,405) to the parent company LzLabs GmbH . At the year end £1,537,554 (2024 - £1,611,573) was owed by this parent company. During the year the company made sales of £78,181 (2024 - £99,310) to JMI Services LLC, a related company by virtue of being under common control. At the year end £0 (2024 - £7,191) was owed by this related company . No dividends were paid during the year (2024 - £nil) to its parent company, LzLabs GmbH.No director's received any remuneration from the company during the 2025 financial year (2024 - £nil).

12. Controlling party

The company is a subsidiary of LzLabs GmbH which is the intermediate parent company, incorporated in Switzerland. The ultimate parent company is JMI Service LLC , a company incorporated in the United States of America. No other accounts include the results of the company at 31 December 2025.