REGISTERED NUMBER: 10591395 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Intellegens Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr G J Conduit

Mr B Pellegrini

Mr G R Snudden

REGISTERED OFFICE:

Lewis House

Great Chesterford Court

Great Chesterford

Essex

CB10 1PF

REGISTERED NUMBER:

10591395 (England and Wales)

FIXED ASSETS

Tangible assets

5

6,458

12,860

CURRENT ASSETS

Debtors

6

667,120

487,795

Cash at bank

683,753

750,194

1,350,873

1,237,989

CREDITORS

Amounts falling due within one year

7

905,741

813,503

NET CURRENT ASSETS

445,132

424,486

TOTAL ASSETS LESS CURRENT LIABILITIES

451,590

437,346

PROVISIONS FOR LIABILITIES

1,227

2,443

NET ASSETS

450,363

434,903

CAPITAL AND RESERVES

Called up share capital

92

92

Share premium

721,569

721,569

Other reserves

1,188

1,527

Equity SAFE

100,000

100,000

Retained earnings

(372,486

)

(388,285

)

450,363

434,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

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.

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 15 July 2026 and were signed on its behalf by:

Mr B Pellegrini - Director

1.	STATUTORY INFORMATION

Intellegens 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Financial instruments

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

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

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

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Simple agreements for future equity (safe notes)

On initial recognition, simple agreements for future equity (SAFE notes) are recognised as an equity instrument at the fair value of consideration received.

The equity instrument is subsequently measured at the fair value of consideration received.

Share options

Intellegens Limited operates an EMI share scheme, employees that successfully complete their probation period are invited to participate in the long term incentive scheme. Vesting conditions include that the employees remain in employment.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 22 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

43,829

Additions

2,182

At 31 December 2025

46,011

DEPRECIATION

At 1 January 2025

30,969

Charge for year

8,584

At 31 December 2025

39,553

NET BOOK VALUE

At 31 December 2025

6,458

At 31 December 2024

12,860

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

357,089

242,966

Other debtors

310,031

244,829

667,120

487,795

Other debtors consists of prepayments of £21,239 (2024 - £18,449), accrued income of £18,669 (2024 - £35,486) corporation tax recoverable of £129,808 (2024 - £61,001), notional tax recoverable of £65,519 (2024 - £46,065), VAT recoverable of £4,712 (2024 - £13,744) and intercompany loan of £70,084 (2024 - £70,084).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

21,771

19,073

Taxation and social security

26,056

25,803

Other creditors

857,914

768,627

905,741

813,503

Other creditors consists of accrued expenses of £49,234 (2024 - £75,481), income received in advance of £792,740 (2024 - £675,524), credit card of £6,666 (2024 - £8,240), directors loan account of £624 (2024 - £1,872) and pension payable of £8,650 (2024 - £7,510).

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

70,860

123,405

Between one and five years

35,430

-

106,290

123,405

9.	OTHER RESERVES

The other reserve represents the expense calculated regarding the share options issued during the year.

10.	SIMPLE AGREEMENT FOR FUTURE EQUITY

On 23 January 2020, the company issued a simple agreement for future equity (SAFE note) totalling £100,000.

During the year, there was no event which gave rise to a conversion of Ordinary shares in the company (2024 - no event).

The SAFE note carries no interest.

At the year end, the fair value of the SAFE note was £100,000 (2024 - £100,000) and recognised within equity.

11.	EMPLOYMENT RELATED SECURITIES

The company operates an Employment Related Securities Scheme under the Employment Management Incentives rules (EMI).

During the year there were 592,104 EMI options granted (2024 - 7,249,972) over the Ordinary shares of the Company. They are all exercisable at £0.0001 (2024 - £0.0001) per option share.

During the year, 1,578,943 options lapsed (2024 - 1,973,676) and no options were exercised (2024 - none).