Company Registration No. 12354376 (England and Wales)
Triple Technologies Ltd
Unaudited accounts
for the year ended 31 December 2025
Triple Technologies Ltd
Statement of financial position
as at 31 December 2025
Tangible assets
2,484
3,943
Cash at bank and in hand
1,692,377
2,246,160
Creditors: amounts falling due within one year
(104,965)
(106,801)
Net current assets
1,756,701
2,287,382
Total assets less current liabilities
1,765,920
2,293,935
Creditors: amounts falling due after more than one year
(21,857)
(27,685)
Net assets
1,744,063
2,266,250
Called up share capital
3
3
Share premium
9,186,207
9,186,207
Profit and loss account
(7,442,147)
(6,919,960)
Shareholders' funds
1,744,063
2,266,250
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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2026 and were signed on its behalf by
Mario Navarro
Director
Company Registration No. 12354376
Triple Technologies Ltd
Notes to the Accounts
for the year ended 31 December 2025
Triple Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 12354376. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
2
Compliance with accounting standards
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 as modified by the revaluation of certain assets.
These financial statements for the year ended 31 December 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2024
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The functional and presentational currency of the company is £ and amounts are rounded to the nearest £.
The financial statements have been prepared on a going concern basis. The directors having assessed a period of at least 12 months from the date of approval of the financial statements have a reasonable expectation that the company will continue in operation for the foreseeable future and be able to meet it's obligations as and when they fall due. The accounts have therefore been prepared as a going concern.
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Triple Technologies Ltd
Notes to the Accounts
for the year ended 31 December 2025
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is charge on a straight line basis over 10 years with a nil residual value..
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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.
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Triple Technologies Ltd
Notes to the Accounts
for the year ended 31 December 2025
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.
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.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Computer equipment
Triple Technologies Ltd
Notes to the Accounts
for the year ended 31 December 2025
6
Investments
Subsidiary undertakings
Valuation at 1 January 2025
2,610
Valuation at 31 December 2025
4,449
The company had the following investments in group undertakings:
- 100% in Triple Technologies Spain SL, a company registered in Spain whose registered office is Paseo De La Castellana 194, 28046, Madrid
- 100% of Zizzy Digital Technologies SRL, a company registered in Romania whose registered office is Str. Stefan cel Mare nr. 2, Floor 1, Room 2, Radauți, Suceava County, Romania
- 100% Triple Software Solutions Ltd, a company registered in Dubai whose registered office is Unit IH-00-01-02-OF-01, Level 02, Innovation One, Dubai International Financial Centre, Dubai, United Arab Emirates
Amounts falling due within one year
Trade debtors
117,063
93,005
Amounts due from group undertakings etc.
8,706
22,921
Accrued income and prepayments
32,704
21,331
Other debtors
10,816
10,000
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,829
5,829
Trade creditors
85,625
68,000
Taxes and social security
-
14,152
Bank loans and overdrafts represent a Bounce Back loan which is guaranteed by the UK government with interest at 2.5% p.a..
9
Creditors: amounts falling due after more than one year
2025
2024
Bank loans and overdrafts represent a Bounce Back loan which is guaranteed by the UK government with interest at 2.5% p.a..
Triple Technologies Ltd
Notes to the Accounts
for the year ended 31 December 2025
Allotted, called up and fully paid:
1,747,300 Ordinary shares of £0.000001 each
1.74
1.74
882,468 Preferred Seed of £0.000001 each
0.88
0.88
11
Transactions with related parties
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.
12
Average number of employees
During the year the average number of employees was 1 (2024: 2).
13
Reconciliations on adoption of FRS 102
There were no transitional adjustments required as a result of the change in accounting reporting standards.