Diligencia Consulting Limited - Filleted accounts


DILIGENCIA CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2025



































Company Registration Number: 06538268

DILIGENCIA CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 14

DILIGENCIA CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2025


DIRECTOR

N Bakkali


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

Summertown Pavilion
18-24 Middle Way
Summertown
Oxford
OX2 7LG


COMPANY REGISTRATION NUMBER

06538268 England and Wales

DILIGENCIA CONSULTING LIMITED

BALANCE SHEET
AS AT 31 DECEMBER 2025


	Notes	2025		2024
				(As restated - Note 4)
		£		£

FIXED ASSETS
Intangible assets	6		1,115,895		1,094,984
Tangible assets	7		10,467		30,388
Investments	4 & 8		153,026		153,026


			1,279,388		1,278,398

CURRENT ASSETS
Debtors	9	626,716		500,622
Cash at bank and in hand		105,655		39,644


		732,371		540,266

CREDITORS: Amounts falling due within one year	10	1,730,441		1,609,617
CREDITORS: Amounts falling due within one year


NET CURRENT LIABILITIES			(998,070)		(1,069,351)


TOTAL ASSETS LESS CURRENT LIABILITIES			281,318		209,047

Provisions for liabilities and charges			2,617		5,330


NET ASSETS			278,701		203,717


CAPITAL AND RESERVES
Called up share capital			17,500		17,500
Distributable profit and loss account	4		188,303		186,217
Capital contribution reserve	13		72,898		-


SHAREHOLDER'S FUNDS			278,701		203,717

DILIGENCIA CONSULTING LIMITED

BALANCE SHEET
AS AT 31 DECEMBER 2025


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




N Bakkali
Director

Date approved by the board: 9 July 2026

DILIGENCIA CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


1	GENERAL INFORMATION

	Diligencia Consulting Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	Summertown Pavilion
	18-24 Middle Way
	Summertown
	Oxford
	OX2 7LG

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Going concern

	The accounts have been drawn up on the going concern basis. The company owes the director £492,080, which could be required for repayment without notice. The company is therefore dependent upon the continued support of the director. The director does not consider their own support likely to be withdrawn.

	If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.


	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of providing data with regard to companies and individuals, operating in the Middle East and North Africa region, as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

DILIGENCIA CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Intangible fixed assets

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. At acquisition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses.

	Goodwill amortisation is charged on a straight line basis so as to write off the cost of the asset, less its residual value assumed to be zero, over its useful economic life, which is estimated to be 10 years.

	If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new expectations.


	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Leasehold improvements					Straight line basis at 20% per annum
	Fixtures and fittings					Straight line basis at 25% per annum
	Equipment					Straight line basis at 25% per annum

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

	Investments

	Investments in subsidiaries are shown at cost less accumulated impairment losses.

DILIGENCIA CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

DILIGENCIA CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.


	Debtors

Short term debtors are measured at transaction price, less any impairment.


	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

	Leases

	Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.

	Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.

DILIGENCIA CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other taxable profits.

	Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

	Current and deferred tax assets and liabilities are not discounted.

	Foreign currencies

	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.

	Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the rate of exchange prevailing at that date. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit or loss.

DILIGENCIA CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

	Research and development

	Expenditure on research is written off against profits in the year in which it is incurred. Development expenditure is capitalised and recognised in accordance with the company's policy for intangible fixed assets.

	Database costs capitalised relate to costs of acquiring data on companies and individuals which forms the basis of the company's database. This data is estimated to have a useful economic life of 10 years. Development costs capitalised relate to external costs of developing the platform where the company holds this data for use of its customers. The platform is estimated to have a useful economic life of 5 years.


	Consolidation

	The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has therefore taken advantage of the option provided by section 399 of the Companies Act 2006 not to prepare group accounts.

	Share-based payments

	Equity-settled share-based payments are measured at fair value at the date of grant. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

	When the terms and conditions of equity-settled share-based payments at the time they were granted are subsequently modified, the fair value of the share-based payment under the original terms and conditions and under the modified terms and conditions are both determined at the date of the modification. Any excess of the modified fair value over the original fair value is recognised over the remaining vesting period in addition to the grant date fair value of the original share-based payment. The share-based payment expense is not adjusted if the modified fair value is less than the original fair value.

DILIGENCIA CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	The director has made key assumptions in determining the useful economic life of the company’s intangible assets and fair value of share based payments.

4	RESTATEMENT OF COMPARATIVES

During the year it was discovered that the value of the investment in Diligencia Data S.A.R.L.A.U had been understated and that payments in relation to acquisition of the investment had been included within the profit and loss account in past years. The comparative figures have therefore been restated as follows:

	Retained earnings at 01/01/24	Investments (Note 8)	Retained earnings at 31/12/24
	£	£	£
As previously stated	449,164	790	33,981

Adjustment to investments	152,236	152,236	152,236


As restated	601,400	153,026	186,217



5	EMPLOYEES

	The average number of persons employed by the company (including the director) during the year was:

		2025	2024
	Average number of employees	19	23

DILIGENCIA CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


6	INTANGIBLE FIXED ASSETS
		Goodwill	Development and database costs		Total
		£		£	£
	Cost
	At 1 January 2025	20,000		1,997,308	2,017,308

	Additions	-		212,786	212,786


	At 31 December 2025	20,000		2,210,094	2,230,094


	Accumulated amounts written off
	At 1 January 2025	20,000		902,324	922,324

	Charge for year	-		191,875	191,875


	At 31 December 2025	20,000		1,094,199	1,114,199


	Net book value
	At 1 January 2025	-		1,094,984	1,094,984


	At 31 December 2025	-		1,115,895	1,115,895

DILIGENCIA CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


7	TANGIBLE ASSETS
		Leasehold improvements		Fixtures and fittings	Equipment		Total
			£	£	£		£
	Cost
	At 1 January 2025		97,858	35,782	141,577		275,217

	Additions		-	-	2,639		2,639



	At 31 December 2025		97,858	35,782	144,216		277,856


	Accumulated depreciation and impairments
	At 1 January 2025		88,791	35,782	120,256		244,829

	Charge for year		9,067	-	13,493		22,560



	At 31 December 2025		97,858	35,782	133,749		267,389


	Net book value
	At 1 January 2025		9,067	-	21,321		30,388


	At 31 December 2025		-	-	10,467		10,467


8	FIXED ASSET INVESTMENTS
							Investment in subsidiary
							£
						As restated (Note 4)
	Cost
	At 1 January 2025						153,026


	At 31 December 2025						153,026


	Net book value
	At 1 January 2025						153,026


	At 31 December 2025						153,026

DILIGENCIA CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


9	DEBTORS
		2025	2024
		£	£
	Trade debtors	561,760	216,779
	Prepayments and accrued income	27,594	52,043
	Other debtors	37,362	231,800


		626,716	500,622


10	CREDITORS: Amounts falling due within one year
		2025	2024
		£	£
	Trade creditors	92,617	152,912
	Taxation and social security	109,850	124,749
	Accruals and deferred income	1,030,826	712,245
	Other creditors	497,148	619,711


		1,730,441	1,609,617


11	CONTINGENCIES AND COMMITMENTS

	Other Commitments

	Amounts falling due under operating leases:	2025	2024
		£	£
	In less than one year	44,421	72,354
	In more than one but less than five years	28,898	57,000


		73,319	129,354

DILIGENCIA CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


12	RELATED PARTY TRANSACTIONS

	The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members:

	Diligencia Group Limited	Parent company
	Diligencia Data S.A.R.L.A.U	Subsidiary company

	During the year, the following transactions with related parties took place:

	N Bakkali
	Director		2025	2024
			£	£
	Advances to company	The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount:	492,080	607,160


13	SHARE BASED PAYMENTS

	The company operates an equity settled share based payment plan for certain employees using the Enterprise Management Incentive (EMI) scheme framework.

	Each employee in the scheme has been awarded an option to acquire ordinary shares in the company's parent company over a vesting period. The conditions of the agreement require the employee to remain employed by the company throughout this period and options can only be exercised upon a change of ownership of the group. The maximum term of the options is 10 years from the grant date.


	Brought forward	Additions	Exercised	Lapsed	Carried Forward
Quantity	91,975	-	-	(20,000)	71,975
Average exercise price (£)	1.38			1.38	1.38

During the year, the Group operated an equity-settled share option scheme under the EMI framework. Options were granted to eligible employees during 2024. The fair value at the date of grant has been measured using the Black-Scholes option pricing model. The amount recognised as an expense in relation to EMI options during the period was £72,898 (2024: £Nil). The cumulative amount recognised in the capital contribution reserve at 31 December 2025 was £72,898 (2024: £Nil).