| 4RDIGITAL LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 31ST MARCH 2026 |
| 4RDIGITAL LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 31ST MARCH 2026 |
| 4RDIGITAL LIMITED (REGISTERED NUMBER: 12522090) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2026 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Accountants' Report | 8 |
| 4RDIGITAL LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST MARCH 2026 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Trading as Haines Watts |
| First Floor, Woburn Court |
| 2 Railton Road |
| Woburn Rd Ind Est |
| Kempston |
| Bedfordshire |
| MK42 7PN |
| 4RDIGITAL LIMITED (REGISTERED NUMBER: 12522090) |
| BALANCE SHEET |
| 31ST MARCH 2026 |
| 31/3/26 | 31/3/25 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Share option reserve | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| 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. |
| 4RDIGITAL LIMITED (REGISTERED NUMBER: 12522090) |
| BALANCE SHEET - continued |
| 31ST MARCH 2026 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| 4RDIGITAL LIMITED (REGISTERED NUMBER: 12522090) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2026 |
| 1. | STATUTORY INFORMATION |
| 4RDigital Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. |
| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
| Preparation of consolidated financial statements |
| The financial statements contain information about 4RDigital Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| 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 as the fair value of licence fee income and technical services receivable. |
| Licence fees are recognised for the use of Intellectual property. A perpetual Licence has been granted to a group company, however, the directors consider that the income should be spread over a useful life of 5 years. The initial consideration (exclusive of VAT) is payable in two equal instalments and released over the life of the licence. The first instalment was received in the year to 31 March 2024. The second instalment is receivable on the next financing round. |
| Technical services is income receivable from group company for technology services in line with the intra group agreement. |
| Income received in advance of the date of when the service is performed is recognised as a liability within deferred income. |
| Other income |
| Grant income is recognised against expenditure incurred, with income deferred/accrued accordingly. |
| Management service income is receivable from a group company in line with the intra-group services agreement. |
| Tangible fixed assets |
| Computer equipment | - |
| 4RDIGITAL LIMITED (REGISTERED NUMBER: 12522090) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2026 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| 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 future taxable profits. |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 1st April 2025 |
| Disposals | ( |
) |
| At 31st March 2026 |
| DEPRECIATION |
| At 1st April 2025 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31st March 2026 |
| NET BOOK VALUE |
| At 31st March 2026 |
| At 31st March 2025 |
| 4RDIGITAL LIMITED (REGISTERED NUMBER: 12522090) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2026 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1st April 2025 |
| and 31st March 2026 |
| NET BOOK VALUE |
| At 31st March 2026 |
| At 31st March 2025 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/3/26 | 31/3/25 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| RDEC debtor | 110,317 | 193,991 |
| VAT |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/3/26 | 31/3/25 |
| £ | £ |
| Trade creditors |
| Social security and other taxes |
| VAT | - | 60,552 |
| Other creditors |
| Pension | 8,023 | 16,332 |
| Accruals and deferred income |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/3/26 | 31/3/25 |
| value: | £ | £ |
| Ordinary | 0.000 | 1 | 7 | 8 |
| 4RDIGITAL LIMITED (REGISTERED NUMBER: 12522090) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2026 |
| 9. | RESERVES |
| Share |
| Retained | option |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1st April 2025 | 837,695 |
| Deficit for the year | ( |
) | ( |
) |
| Purchase of own shares | (15,050 | ) | - | (15,050 | ) |
| Movement in reserves | - | 4,782 | 4,782 |
| At 31st March 2026 | 442,172 |
| During the year the company repurchased 8,600 shares at a price of £1.75 per share. |
| 10. | CONTINGENT LIABILITIES |
| Grant income was received in 2025 from the provider, Shell Foundation. The grant income is initially deferred and released to the profit and loss account in accordance with when the expenditure is incurred. A portion of the grant (US$250,000) could be repayable if 4RDigital Limited make a positive EBITDA on fees received from a particular customer, Daylipa Financing Limited. The amount repayable to the grant maker could be 10% of the EBITDA per annum up to the maximum of US$250,000. |
| 11. | SHARE BASED PAYMENT TRANSACTIONS |
| The company operates two approved EMI schemes for some employees, Under which employees are granted share options in the company. |
| The options are granted with a fixed exercise price and are exercisable upon the occurrence of certain events or 9.5 years after the date of grant. |
| They may lapse upon the occurrence of certain events or ten years after the date of grant. Employees are not entitled to dividends until the shares are exercised. They are required to remain in employment with the company until exercise, otherwise the options lapse. On exercise of the options by the employees, the company will issue ordinary shares. A reconciliation of the share option movement over the period to 31 March 2026 is shown below: |
No |
Exercise price (£ |
) |
| Brought forward | 7,700 | 0.0001 |
| Brought forward | 5,500 | 2.60 |
| Lapsed | (84 | ) | 0.0001 |
| Lapsed | (84 | ) | 2.60 |
| Remaining | 7,616 | 0.0001 |
| Remaining | 5,416 | 2.60 |
| ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| 4RDIGITAL LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 4RDigital Limited for the year ended 31st March 2026 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of 4RDigital Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 4RDigital Limited and state those matters that we have agreed to state to the Board of Directors of 4RDigital Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 4RDigital Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that 4RDigital Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of 4RDigital Limited. You consider that 4RDigital Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of 4RDigital Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Trading as Haines Watts |
| First Floor, Woburn Court |
| 2 Railton Road |
| Woburn Rd Ind Est |
| Kempston |
| Bedfordshire |
| MK42 7PN |