REGISTERED NUMBER: 08861959 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

SCHOOL REVIEWER LIMITED

TRADING AS

OLEX.AI

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

E Chan

K S Chhatwal

T J Clarke

P Tehan

T Campbell

L R T Bowater

VM Mallinson

Registered office:

3rd Floor

86 - 90 Paul Street

London

EC2A 4NE

Registered number:

08861959 (England and Wales)

Fixed assets

Intangible assets

4

714,844

318,671

Tangible assets

5

6,657

1,512

721,501

320,183

Current assets

Debtors

6

167,065

114,418

Cash at bank

143,099

182,824

310,164

297,242

Creditors

Amounts falling due within one year

7

1,028,117

660,064

Net current liabilities

(717,953

)

(362,822

)

Total assets less current liabilities

3,548

(42,639

)

Capital and reserves

Called up share capital

8

14,045

13,557

Share premium

9

4,617,383

3,810,385

Retained earnings

9

(4,627,880

)

(3,866,581

)

Shareholders' funds

3,548

(42,639

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 2 July 2026 and were signed on its behalf by:

E Chan - Director

1.	Statutory information

School Reviewer 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.

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" 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.

Turnover

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

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

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

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 balance sheet date.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	Employees and directors

The average number of employees during the year was 10 (2025 - 6 ) .

4.	Intangible fixed assets

Development

costs

£

Cost

At 1 February 2025

354,079

Additions

479,534

At 31 January 2026

833,613

Amortisation

At 1 February 2025

35,408

Amortisation for year

83,361

At 31 January 2026

118,769

Net book value

At 31 January 2026

714,844

At 31 January 2025

318,671

5.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 February 2025

2,257

Additions

8,791

At 31 January 2026

11,048

Depreciation

At 1 February 2025

745

Charge for year

3,646

At 31 January 2026

4,391

Net book value

At 31 January 2026

6,657

At 31 January 2025

1,512

6.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

102,663

18,125

Other debtors

64,402

96,293

167,065

114,418

7.

Creditors: amounts falling due within one year

2026

2025

£

£

Trade creditors

48,197

27,275

Taxation and social security

17,543

16,775

Other creditors

962,377

616,014

1,028,117

660,064

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1,174,580

Ordinary A

£0.01

11,745

11,257

115,000

Ordinary B

£0.01

1,150

1,150

115,000

Ordinary C

£0.01

1,150

1,150

14,045

13,557

During the year the company issued 48,833 new ordinary A shares with nominal value of £0.01 which included bonus shares.

9.

Reserves

Retained

Share

earnings

premium

Totals

£

£

£

At 1 February 2025

(3,866,581

)

3,810,385

(56,196

)

Deficit for the year

(761,299

)

(761,299

)

Cash share issue

-

806,998

806,998

At 31 January 2026

(4,627,880

)

4,617,383

(10,497

)

10.	Related party disclosures

Included in other creditors at the reporting date is an amount owed to a director of £586,402 (2025: £518,902). This amount is unsecured, interest free and repayable on demand.

11.	Share subscriptions received in advance

During the period, the company received an advance share subscription of £402,985 (2025: £Nil). This represents monies received from investors in advance of the formal allotment of shares, pursuant to an advance subscription agreement.

The amount is classified within the share premium account pending the allotment of shares. The shares are expected to be issued upon completion of the next funding round, at which point there will be a transfer between share premium and share capital to introduce the share capital.