Company registration number 08670309 (England and Wales)
YOURPARKINGSPACE LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
YOURPARKINGSPACE LIMITED
COMPANY INFORMATION
Directors
S Mehta
C Clayton
(Appointed 1 September 2025)
M Sandstrom
(Appointed 1 September 2025)
W Castell
(Appointed 16 April 2026)
Secretary
P Adams
Company number
08670309
Registered office
1st Floor
Apex Yard
29-35 Long Lane
London
SE1 4PL
Auditor
Azets Audit Services
6th Floor Bank House
Cherry Street
Birmingham, B2 5AL
United Kingdom
YOURPARKINGSPACE LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3
Directors' responsibilities statement
4
Independent auditor's report
5 - 7
Profit and loss account
8
Statement of comprehensive income
9
Balance sheet
10 - 11
Statement of changes in equity
12
Notes to the financial statements
13 - 27
YOURPARKINGSPACE LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

The directors present the strategic report for the year ended 31 December 2025.

Review of the business

2025 was another year of strong progress for YourParkingSpace (YPS) as we continued to strengthen our position as a leader in parking technology and operations. Drivers increasingly relied on our marketplace to access convenient parking, while landlords adopted our solutions to optimise car park performance and deliver innovative, customer-​focused services.

Top line growth remained robust, supported by record levels of pre-​book transactions and increased demand for our full-​solution service offering. At the same time, we improved efficiency and streamlined operations, enhancing unit economics while sustaining growth ahead of the wider market.

Although the competitive landscape remains challenging, YPS continues to achieve a strong win rate, supported by clear market differentiators and effective price points while other big players in the industry struggle. Looking ahead, growth in 2026 is expected to be driven organically, with a focus on strengthening performance across core growth levers including sales, marketing and pricing, alongside further efficiency improvements.

In December 2024, YPS became part of the Arrive Group, a global leader in digital parking solutions. This has provided a strong platform for growth as we deepen our integration with the group, opening opportunities in distribution, technology and partnerships that have enhanced the value delivered to both drivers and landlords.

Principal risks and uncertainties

People

There are two primary risks relating to our team members. We currently have a very talented, close-knit team and it is essential to maintain this as headcount grows, with training, regular employee briefings, and organised social team bonding events to become increasingly important. The second risk relates to ensuring our development team is appropriately resourced. The job market for developers is especially competitive, which makes recruitment and retention a key focus for the business.

Data & Information Security

As is the case for any online business, the security of our data and IT systems are essential to secure and maintain trust from customers in our service. We continue to invest in our infrastructure and monitoring services to safeguard the company against data thefts and cyber-attacks.

Inventory

Our offering is dependent on having an excellent selection of car parks and parking spaces available. The sales team continues to be a huge area of focus in order to provide motorists with the best available selection of parking spaces to book.

New Entrants

The Directors remain vigilant to the threat of new entrants into the UK market, from both overseas companies offering similar services in their home markets through to UK-based companies which may look to move into the pre-book marketplace sector.

Development and performance

Parking Bill

The government’s published consultation outcome for the Parking Code Enforcement Framework lists regulatory changes will have a significant impact on car park operators, particularly those with an emphasis on enforcement. When enforcement income is reduced, the importance of generating revenue from parking fees paid by motorists will take on a greater importance. YourParkingSpace is well-placed to help deliver on this requirement.

Electric Vehicle Charging

With the ban on new petrol and diesel vehicles from 2030 and the significant uptick in sales of both electric and hybrid vehicles, a rapidly growing market in the electric vehicle charging sector is emerging. This is a huge opportunity for the business on both sides of the market, assisting electric vehicle motorists in finding and paying for electric charging and also providing solutions to landlords who wish to install electric vehicle charge points.

YOURPARKINGSPACE LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Key performance indicators

The performance of the business is closely monitored on a monthly basis, tracking key metrics relating to revenue, bookings, inventory and customer behaviour.

Average transaction value and total bookings growth are our headline metrics, tracked month-​on-​month and year-​on-​year, with all other key financial indicators closely monitored. The average transaction value was £5.70 in 2024, £5.88 in 2025. Total bookings grew by 6.8% from 2024 to 2025.

The attractiveness of the offering to drivers is determined by the parking space inventory available to book. Inventory statistics are maintained monthly, both the total number of available locations along with new onboarded locations, split by commercial and private space owners to ensure the B2B and peer-​to-​peer elements are both healthy.

On behalf of the board

S Mehta
Director
26 June 2026
YOURPARKINGSPACE LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -

The directors present their annual report and financial statements for the year ended 31 December 2025.

Principal activities

The principal activity of the company continued to be that of parking management services.

Results and dividends

The results for the year are set out on page 8.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

O Bellin
(Resigned 1 September 2025)
P Chaboussant
(Resigned 1 September 2025)
R Willcock
(Resigned 1 September 2025)
F Beylier
(Resigned 1 September 2025)
S Mehta
C Clayton
(Appointed 1 September 2025)
M Sandstrom
(Appointed 1 September 2025)
W Castell
(Appointed 16 April 2026)
Auditor

Azets were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium companies exemption.

On behalf of the board
S Mehta
Director
26 June 2026
YOURPARKINGSPACE LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

YOURPARKINGSPACE LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF YOURPARKINGSPACE LIMITED
- 5 -
Opinion

We have audited the financial statements of YourParkingSpace Limited (the 'company') for the year ended 31 December 2025 which comprise the profit and loss account, the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit: the information given in the strategic report and directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and the strategic report and directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
YOURPARKINGSPACE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF YOURPARKINGSPACE LIMITED
- 6 -
•
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
•
the financial statements are not in agreement with the accounting records and returns; or
•
certain disclosures of directors' remuneration specified by law are not made; or
•
we have not received all the information and explanations we require for our audit.
Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://​www.frc.org.uk/​auditorsresponsibilities. This description forms part of our auditor's report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-​compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-​compliance with laws and regulations, including fraud, we designed procedures which included:

- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitation of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or override of internal control.

YOURPARKINGSPACE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF YOURPARKINGSPACE LIMITED
- 7 -

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Tom Mullard ACA (Senior Statutory Auditor)
For and on behalf of Azets Audit Services
Chartered Accountants and Statutory Auditor
6th Floor Bank House
Cherry Street
Birmingham, B2 5AL
Date: 26 June 2026
YOURPARKINGSPACE LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
19,793,930
12,262,164
Cost of sales
(1,119,166)
(1,353,466)
Gross profit
18,674,764
10,908,698
Administrative expenses
(22,468,485)
(22,262,138)
Other operating income
321,609
2,449,116
Operating loss
4
(3,472,112)
(8,904,324)
Interest payable and similar expenses
8
(650,969)
(554,847)
Loss before taxation
(4,123,081)
(9,459,171)
Tax on loss
9
539,931
1,278,665
Loss for the financial year
(3,583,150)
(8,180,506)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

YOURPARKINGSPACE LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
2025
2024
£
£
Loss for the year
(3,583,150)
(8,180,506)
Other comprehensive income
-
-
Total comprehensive income for the year
(3,583,150)
(8,180,506)
YOURPARKINGSPACE LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
10
6,462,722
6,045,373
Tangible assets
11
3,712,646
3,930,701
Investments
12
186
186
10,175,554
9,976,260
Non-current assets
Debtors falling due after more than one year
15
4,345,220
4,469,000
Current assets
Debtors falling due within one year
15
7,572,695
5,482,650
Cash at bank and in hand
2,621,959
4,096,356
10,194,654
9,579,006
Creditors: amounts falling due within one year
16
(45,537,443)
(30,781,767)
Net current liabilities
(35,342,789)
(21,202,761)
Total assets less current liabilities
(20,822,015)
(6,757,501)
Creditors: amounts falling due after more than one year
17
-
(10,626,125)
Provisions for liabilities
Provisions
19
1,315,753
1,315,753
(1,315,753)
(1,315,753)
Net liabilities
(22,137,768)
(18,699,379)
Capital and reserves
Called up share capital
22
8,003
8,003
Share premium account
5,277,887
5,277,887
Other reserves
144,761
-
0
Profit and loss reserves
(27,568,419)
(23,985,269)
Total equity
(22,137,768)
(18,699,379)

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

YOURPARKINGSPACE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 11 -
The financial statements were approved by the board of directors and authorised for issue on 26 June 2026 and are signed on its behalf by:
S Mehta
Director
Company registration number 08670309 (England and Wales)
YOURPARKINGSPACE LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 12 -
Share capital
Share premium account
Share options reserve
Profit and loss reserves
Total
£
£
£
£
£
Balance at 1 January 2024
8,003
5,277,887
-
(15,804,763)
(10,518,873)
Year ended 31 December 2024:
Loss and total comprehensive income
-
-
-
(8,180,506)
(8,180,506)
Balance at 31 December 2024
8,003
5,277,887
-
(23,985,269)
(18,699,379)
Year ended 31 December 2025:
Loss and total comprehensive income
-
-
-
(3,583,150)
(3,583,150)
Share options granted
-
-
144,761
-
0
144,761
Balance at 31 December 2025
8,003
5,277,887
144,761
(27,568,419)
(22,137,768)
YOURPARKINGSPACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 13 -
1
Accounting policies
Company information

YourParkingSpace Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor, Apex Yard, 29-35 Long Lane, London, SE1 4PL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The company has taken advantage of the exemption under section 40 1 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

YourParkingSpace Limited is a wholly owned subsidiary of Motion UK Bidco Limited and the results of YourParkingSpace Limited are included in the consolidated financial statements of the ultimate owner Arrive AS (company No 919999055), incorporated in Norway and domiciled at Innspurten 9, 0663 Olso, Norway. Arrive AS is the largest group for which accounts are drawn up of which the company is a member.

YOURPARKINGSPACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 14 -
1.2
Going concern

The financial statements have been prepared on a going concern basis. The directors expect that the company will continue to successfully manage its business risks to continue to trade for the foreseeable future and they consider it is appropriate to continue to adopt the going concern basis in preparing the financial statements. true

The company has considered various factors that affect its business, such as the current economic climate, ongoing investments in new technologies, customer acquisition and retention, and economic uncertainties. It has a strong financing position and a robust risk management framework, which further support its going concern status.

The company is part of Arrive AS and the group fully supports the company's stategic direction and provides access to additional capital support where necessary.

The company acknowledges that its success is dependent on several factors, such as market conditions, operational effectiveness, and strategic execution. YourParkingSpace Limited has appropriate measures in place to manage these risks and uncertainties, such as diversifying its revenue and customer streams, enhancing its digital capabilities, implementing health and safety measures, and monitoring key performance indicators.

To comply with the going concern assumption the directors have received a letter of financial support from EasyPark Strategy AB and have considered the ability of the provider to be able to provide financial support if required.

1.3
Turnover

Turnover is recognized at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of value added tax and other sales related taxes.

Revenue from equipment sales is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually once installation of the goods is complete).

Revenue from platform sales is recognised at the point in time of the parking booking. Where the booking covers an extended period of time, a deferral of revenue is made for the future dated period. That revenue is then released over the course of the booking until its completion. Revenue is recognised when the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

YOURPARKINGSPACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 15 -
1.4
Intangible fixed assets other than goodwill

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised when the following criteria is met:

- It is technically feasible to complete the software so that it will be available for use.

- Management intends to use complete the software and use or sell it.

- There is an ability to use or sell the software.

- It can be demonstrated how the software will generate probable future economic benefits.

- Adequate technical, financial and other resources to complete the development and to use the software are available.

- The expenditure attributable to the software during its development can be reliably measured.

Other development expenditure that do not meet these criteria are recognised as an expense as incurred.

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Development costs
5 Years Straight Line
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and equipment
3 Years Straight Line
Fixtures and fittings
4 Years Straight Line
Computers
3 Years Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Assets under construction are not depreciated until they are brought in to use.

1.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

YOURPARKINGSPACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 16 -
1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.9
Financial instruments

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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

YOURPARKINGSPACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 17 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

YOURPARKINGSPACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 18 -
1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.12
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.13
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.15
Share-based payments

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black-Scholes model. 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.

YOURPARKINGSPACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 19 -
1.16
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.17
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

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.

Development costs and amortisation

The directors have considered the development time as a percentage of hours worked by employees when determining the capitalisation of wages and salaries expenses. The directors have applied their understanding of the business and the ability of the company to use the developed software when calculating the useful economic life of the capitalised development costs.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Deferred tax asset

The Directors have prepared forecasts and reviewed their assumptions when determining the probability of future profits and the utilisation of the deferred tax asset. The directors consider that the future profits of the wider tax group will be sufficiently large to fully utilise the taxable losses to date.

Provisions

The company is currently undergoing an internal review which may result in a projected cash outlay of £1.3 million. While the review remains ongoing and the final outcome is yet to be determined, management has exercised judgement in recognising a provision for this potential liability. The financial impact is being closely monitored and an estimate has been provided for in the accounts.

This provision reflects management’s best estimate of the potential obligation arising from the review. The directors have considered the nature of the obligation, the expected timing of any resulting outflows of economic benefits, and the uncertainties surrounding the amount and timing of settlement.

YOURPARKINGSPACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 20 -
3
Turnover
2025
2024
£
£
Turnover analysed by class of business
Equipment sales
469,722
105,854
Platform sales
19,324,208
12,156,310
19,793,930
12,262,164

100% of the company's of the turnover is generated in the UK and Ireland.

4
Operating loss
2025
2024
Operating loss for the year is stated after charging:
£
£
Exchange losses
4,725
4,385
Fees payable to the company's auditor for the audit of the company's financial statements
45,500
57,000
Depreciation of tangible fixed assets
2,226,817
2,365,047
Amortisation of intangible assets
2,096,911
1,702,730
Operating lease charges
1,103,839
1,094,533
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
45,500
57,000
6
Employees

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

2025
2024
Number
Number
Senior Management
4
6
Finance Operations and Marketing
50
40
Account Managers
6
10
Business Development
21
22
Business Intelligence
4
4
Customer Care
7
12
Development
34
32
Enforcement
6
7
Product
9
9
Total
141
142
YOURPARKINGSPACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
6
Employees
(Continued)
- 21 -

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
6,197,388
5,313,070
Social security costs
1,182,376
957,032
Pension costs
162,459
149,833
7,542,223
6,419,935
7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
387,037
787,493
Company pension contributions to defined contribution schemes
19,430
2,642
406,467
790,135

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 1 (2024 - 2).

Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
387,037
391,576
8
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost
Interest payable to group undertakings
650,969
554,847
9
Taxation
2025
2024
£
£
Current tax
Group tax relief
(663,711)
(1,953,670)
Deferred tax
Origination and reversal of timing differences
123,780
675,005
Total tax credit
(539,931)
(1,278,665)
YOURPARKINGSPACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
9
Taxation
(Continued)
- 22 -

The actual credit for the year can be reconciled to the expected credit for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Loss before taxation
(4,123,081)
(9,459,171)
Expected tax credit based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
(1,030,770)
(2,364,793)
Tax effect of expenses that are not deductible in determining taxable profit
340,501
143,945
Change in unrecognised deferred tax assets
(427,388)
(226,818)
Adjustments in respect of prior years
158,606
-
0
Group relief
1,205,318
2,785,378
Other permanent differences
1,498
-
0
Under/(over) provided in prior years
-
0
325,029
Payment for group relief
(787,696)
(1,953,670)
Fixed asset timing differences
-
0
12,264
Taxation credit for the year
(539,931)
(1,278,665)
10
Intangible fixed assets
Development costs
£
Cost
At 1 January 2025
9,792,848
Additions - internally developed
2,514,260
At 31 December 2025
12,307,108
Amortisation and impairment
At 1 January 2025
3,747,475
Amortisation charged for the year
2,096,911
At 31 December 2025
5,844,386
Carrying amount
At 31 December 2025
6,462,722
At 31 December 2024
6,045,373
YOURPARKINGSPACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 23 -
11
Tangible fixed assets
Assets under construction
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
Cost
At 1 January 2025
618,353
9,103,288
22,354
831,297
10,575,292
Additions
171,246
1,864,235
267
94,831
2,130,579
Disposals
(121,817)
-
0
-
0
-
0
(121,817)
Transfers
121,817
(121,817)
-
0
-
0
-
0
At 31 December 2025
789,599
10,845,706
22,621
926,128
12,584,054
Depreciation and impairment
At 1 January 2025
-
0
6,063,082
14,102
567,407
6,644,591
Depreciation charged in the year
-
0
2,051,668
4,172
170,977
2,226,817
At 31 December 2025
-
0
8,114,750
18,274
738,384
8,871,408
Carrying amount
At 31 December 2025
789,599
2,730,956
4,347
187,744
3,712,646
At 31 December 2024
-
0
3,658,559
8,252
263,890
3,930,701
12
Fixed asset investments
2025
2024
Notes
£
£
Investments in subsidiaries
13
186
186
13
Subsidiaries

Details of the company's subsidiaries at 31 December 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Parkmaven Limited
1st Floor Apex Yard, 29-35 Long Lane, London, SE14PL
Ordinary
100.00
Bargain Parking Limited
1st Floor Apex Yard, 29-35 Long Lane, London, SE14PL
Ordinary
100.00
YourParkingSpace Ireland Limited
Block A, George's Quay Plaza, George's Quay, Dublin 2, Dublin, Ireland
Ordinary
100.00
14
Financial instruments
2025
2024
£
£
Carrying amount of financial assets
Debt instruments measured at amortised cost
6,116,590
4,168,328
Carrying amount of financial liabilities
Measured at amortised cost
42,804,366
28,813,578
YOURPARKINGSPACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 24 -
15
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,050,739
290,552
Corporation tax recoverable
1,213,955
1,017,243
Amounts owed by group undertakings
4,875,527
3,691,279
Other debtors
190,324
186,497
Prepayments and accrued income
242,150
297,079
7,572,695
5,482,650
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset (note 20)
4,345,220
4,469,000
Total debtors
11,917,915
9,951,650
16
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans and overdrafts
18
64
860
Other borrowings
18
13,526,231
-
0
Trade creditors
8,406,659
12,320,307
Amounts owed to group undertakings
13,481,359
11,201,210
Taxation and social security
938,484
708,494
Other creditors
4,081,407
2,493,908
Accruals and deferred income
5,103,239
4,056,988
45,537,443
30,781,767

£5,000,000 of the amounts owed to group undertakings are unsecured, bear no interest and are repayable on demand.

17
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Other borrowings
18
-
0
10,229,125
Accruals and deferred income
-
0
397,000
-
0
10,626,125
YOURPARKINGSPACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 25 -
18
Loans and overdrafts
2025
2024
£
£
Bank overdrafts
64
860
Loans from group undertakings
13,526,231
10,229,125
13,526,295
10,229,985
Payable within one year
13,526,295
860
Payable after one year
-
0
10,229,125

The Company has an outstanding intercompany loan totalling £13,526,231. Interest of £650,969 (2024: £554,847) has been recognised in the Statement of Profit or Loss.

£5,000,000 of the amounts owed to group undertakings are unsecured, bear no interest and are repayable on demand.

19
Provisions for liabilities
2025
2024
£
£
1,315,753
1,315,753
Movements on provisions:
£
At 1 January 2025 and 31 December 2025
1,315,753

The Company recognised a provision of £1.3 million in relation to customer related contracts. The provision is expected to be settled within the next 12 months.

20
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Assets
Assets
2025
2024
Balances:
£
£
Accelerated capital allowances
(2,177,434)
(2,133,556)
Tax losses
6,515,456
6,595,358
Short-term timing differences
7,198
7,198
4,345,220
4,469,000
YOURPARKINGSPACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
20
Deferred taxation
(Continued)
- 26 -
2025
Movements in the year:
£
Asset at 1 January 2025
(4,469,000)
Charge to profit or loss
123,780
Asset at 31 December 2025
(4,345,220)

The deferred tax asset set out above relates to taxable losses from the current and prior periods. This is included in the financial statements on the basis that directors believe it is probable that these will be utilised in future periods. The asset has begun reversing and this trend is expected to continue in future periods.

21
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
162,459
149,833

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

22
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A shares of 1p each
200,000
200,000
2,000
2,000
B Shares of 0.00001p each
499,800,000
499,800,000
50
50
Ordinary Shares of 1p each
595,330
595,330
5,953
5,953
500,595,330
500,595,330
8,003
8,003

Ordinary A 1p

Ordinary A £0.01 shares carry full voting rights and full rights to dividends. On a distribution of capital, holders are entitled to participate pari passu with other ordinary shareholders, after payment of the preference amount on the B ordinary shares. These shares are not redeemable.

Ordinary B 0.00001p

Ordinary B £0.0001 shares do not carry voting rights but do carry full rights to dividends. On a distribution of capital, holders are entitled, prior to any payment to the holders of A ordinary shares and other ordinary shares, to receive an amount equal to the amount credited as paid up on each share. These shares are not redeemable.

Ordinary 1p

Ordinary £0.01 shares carry full voting rights and full rights to dividends. On a distribution of capital, holders are entitled to participate pari passu with other ordinary shareholders, after payment of the preference amount on the B ordinary shares. These shares are not redeemable.

YOURPARKINGSPACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 27 -
23
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within one year
763,110
763,110
Between two and five years
763,110
1,526,220
1,526,220
2,289,330
24
Ultimate controlling party

YourParkingSpace Limited is a wholly owned subsidiary of Motion UK Bidco Limited. The registered office of Motion UK Bidco Limited is: 1st Floor Apex Yard, 29-35 Long Lane, London, SE14PL.

The ultimate parent undertaking is Arrive AS (company No 919999055), incorporated in Norway and domiciled at Innspurten 9, 0663 Olso, Norway. Arrive AS is the largest group for which accounts are drawn up of which the company is a member.

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