REGISTERED NUMBER: 16150257 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

23 DECEMBER 2024 TO 31 DECEMBER 2025

FOR

FLARE.IO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr Menz

Mr Trepanier Montpetit

REGISTERED OFFICE:

Unit 2 Minton Place

Victoria Road

Bicester

OX26 6QB

REGISTERED NUMBER:

16150257 (England and Wales)

AUDITORS:

Band Audit Ltd

111 Charterhouse Street

London

EC1M 6AW

CURRENT ASSETS

Debtors

4

7,413

Cash at bank

234,167

241,580

CREDITORS

Amounts falling due within one year

5

197,154

NET CURRENT ASSETS

44,426

TOTAL ASSETS LESS CURRENT LIABILITIES

44,426

CAPITAL AND RESERVES

Called up share capital

6

1

Retained earnings

44,425

SHAREHOLDERS' FUNDS

44,426

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2026 and were signed on its behalf by:

Mr Trepanier Montpetit - Director

1.	STATUTORY INFORMATION

Flare.io Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The Company operates under a service agreement with its parent company. Under the agreement service fees are earned based on an administrative expense plus margin basis.

Taxation

Taxation for the period 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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

7,413

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

12,590

Amounts owed to group undertakings

109,464

Taxation and social security

71,245

Other creditors

3,855

197,154

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

value:

£

1

Ordinary Shares

1

1

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gary Woodhall (Senior Statutory Auditor)

for and on behalf of Band Audit Ltd

8.	RELATED PARTY DISCLOSURES

The Company has taken exemption under FRS 102 section 1AC.35 from disclosing transactions with group companies, on the grounds that each company party to the transactions is wholly owned within the group.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Canadian confederation represented by the Canadian federal department of finance. The immediate parent company prepares consolidated accounts that are not subject to audit. the parent that prepares audited and published consolidated financial statements is Flare Systems Inc, with registered address at 1751 Rue Richardson, unit 3.108, Montreal, Quebec, Canada H3K 1G6.