ACCOUNTS - Final Accounts

Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors:

Registered number: 12314440

UNIPAAS FINANCIAL SERVICES LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

UNIPAAS FINANCIAL SERVICES LIMITED

COMPANY INFORMATION

Directors	D Avgi
	R C Caplehorn
	D P Lander
	P J Atherton


Registered number	12314440


Registered office	101 New Cavendish Street
	1st Floor South
	London
	W1W 6XH


Independent auditors	Harris and Trotter LLP
	Chartered Accountants & Statutory Auditors
	101 New Cavendish Street
	1st Floor South
	London
	W1W 6XH

UNIPAAS FINANCIAL SERVICES LIMITED

CONTENTS

	Page
Strategic report	1
Directors' report	2 - 3
Independent auditors' report	4 - 7
Statement of comprehensive income	8
Balance sheet	9 - 10
Statement of changes in equity	11
Statement of cash flows	12
Analysis of net debt	13
Notes to the financial statements	14 - 21

UNIPAAS FINANCIAL SERVICES LIMITED

STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

Introduction

The directors present their Strategic Report together with the audited financial statements for the period ended 31 December 2025.

Business review

The directors are happy with the performance of the company during the period and look forward to increased growth in the foreseeable future.

The key financial highlights of the year are as follows:

Principal risks and uncertainties

The company's principal risk stems from the trading performance of the business. These include the ability to attract new business and the capacity to deliver work efficiently and within budgets.

Financial key performance indicators

The company's principal financial instruments include bank balances, trade creditors and trade debtors.

The company closely manages trade debtors with respect to credit and cash flow risk.

This report was approved by the board and signed on its behalf.

D Avgi

Director

Date: 28 June 2026

Page 1

UNIPAAS FINANCIAL SERVICES LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

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

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙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 to 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.

Results

The profit for the year, after taxation, amounted to £42,099 (2024 - £22,835).

Directors

The directors who served during the year were:

D Avgi

R C Caplehorn

D P Lander

P J Atherton

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Page 2

UNIPAAS FINANCIAL SERVICES LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Auditors

The auditors, Harris and Trotter LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

D Avgi

Director

Date: 28 June 2026

Page 3

UNIPAAS FINANCIAL SERVICES LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UNIPAAS FINANCIAL SERVICES LIMITED

Opinion

We have audited the financial statements of Unipaas Financial Services Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of comprehensive income, the Analysis of net debt, the Balance sheet, the Statement of cash flows, the Statement of changes in equity and the related notes, including a summary of 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 profit 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 Auditors' 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 United Kingdom, including the Financial Reporting Council'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.

Page 4

UNIPAAS FINANCIAL SERVICES LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UNIPAAS FINANCIAL SERVICES LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' 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.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic report and the 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 Strategic report or 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:

∙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 set out on page 2, 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.

Page 5

UNIPAAS FINANCIAL SERVICES LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UNIPAAS FINANCIAL SERVICES LIMITED (CONTINUED)

Auditors' 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 Auditors' 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:

• We obtained an understanding of the legal and regulatory frameworks applicable to the Company and the industry in which it operates. We determined that the following laws and regulations were most significant: FRS 102 and the Companies Act 2006.

• We obtained an understanding of how the Company is complying with those legal and regulatory frameworks by making enquiries of management.

• We challenged assumptions and judgments made by management in its significant accounting estimates;

We did not identify any key audit matters relating to irregularities, including fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Page 6

UNIPAAS FINANCIAL SERVICES LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UNIPAAS FINANCIAL SERVICES LIMITED (CONTINUED)

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 Auditors' 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.

Jamie Taylor (Senior statutory auditor)

for and on behalf of

Harris and Trotter LLP

Chartered Accountants & Statutory Auditors

101 New Cavendish Street

1st Floor South

London

W1W 6XH

28 June 2026

Page 7

UNIPAAS FINANCIAL SERVICES LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2025

	2025	2024
	£	£


Turnover	2,042,209	1,199,643
Cost of sales	(841,657)	(380,221)
Gross profit	1,200,552	819,422
Administrative expenses	(1,151,531)	(790,595)
Operating profit	49,021	28,827
Interest receivable and similar income	17,450	7,699
Interest payable and similar expenses	-	(15)
Other finance expenditure	(7,712)	(7,573)
Profit before tax	58,759	28,938
Tax on profit	(16,660)	(6,103)
Profit for the financial year	42,099	22,835

There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of comprehensive income.

There was no other comprehensive income for 2025 (2024:£NIL).

Page 8

UNIPAAS FINANCIAL SERVICES LIMITED

REGISTERED NUMBER: 12314440

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible fixed assets			2,679		1,831
			2,679		1,831
Current assets
Debtors: amounts falling due within one year	10	287,435		93,736
Cash at bank and in hand	11	271,441		292,177
		558,876		385,913
Creditors: amounts falling due within one year	12	(205,749)		(74,037)
Net current assets			353,127		311,876
Total assets less current liabilities			355,806		313,707

Net assets			355,806		313,707

Capital and reserves
Called up share capital	13	250,000	250,000
Profit and loss account		105,806	63,707
		355,806	313,707

Page 9

UNIPAAS FINANCIAL SERVICES LIMITED

REGISTERED NUMBER: 12314440

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 June 2026.

D Avgi

Director

The notes on pages 14 to 21 form part of these financial statements.

Page 10

UNIPAAS FINANCIAL SERVICES LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2024	250,000	40,872	290,872

Profit for the year	-	22,835	22,835

At 1 January 2025	250,000	63,707	313,707

Profit for the year	-	42,099	42,099
At 31 December 2025	250,000	105,806	355,806

The notes on pages 14 to 21 form part of these financial statements.

Page 11

UNIPAAS FINANCIAL SERVICES LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2025

			2025	2024
			£	£

Cash flows from operating activities
Profit for the financial year	42,099	22,835
Adjustments for:
Depreciation of tangible assets	1,042	931
Interest paid	-	15
Interest received	(17,450)	(7,699)
Taxation charge	16,660	6,103
(Increase)/decrease in debtors	(4,675)	8,825
(Increase)/decrease in amounts owed by groups	(189,027)	16,172
Increase in creditors	105,846	2,091
Corporation tax (paid)/received	(6,139)	4,096
Net cash generated from operating activities	(51,644)	53,369

Cash flows from investing activities
Purchase of tangible fixed assets	(1,890)	(2,123)
Interest received	17,450	7,699
Net cash from investing activities	15,560	5,576
Cash flows from financing activities
Interest paid	-	(15)
Net cash used in financing activities	-	(15)
Net (decrease)/increase in cash and cash equivalents	(36,084)	58,930
Cash and cash equivalents at beginning of year	292,177	233,247
Cash and cash equivalents at the end of year	256,093	292,177

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	256,093	292,177
	256,093	292,177

The notes on pages 14 to 21 form part of these financial statements.

Page 12

UNIPAAS FINANCIAL SERVICES LIMITED

ANALYSIS OF NET DEBT

FOR THE YEAR ENDED 31 DECEMBER 2025


At 1 January 2025	Cash flows	At 31 December 2025
£	£	£

Cash at bank and in hand	292,177	(20,736)	271,441
Bank overdrafts	-	(15,348)	(15,348)
Debt due within 1 year	-	-	-
	292,177	(36,084)	256,093

The notes on pages 14 to 21 form part of these financial statements.

Page 13

UNIPAAS FINANCIAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Unipaas Financial Services Limited is a private company limited by shares and incorporated in England & Wales (registered number 12314440). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

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 following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 14

UNIPAAS FINANCIAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment

33%

Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 15

UNIPAAS FINANCIAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

2.11

Creditors

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

Fees payable to the Company's auditors for the audit of the Company's financial statements

12,000

Wages and salaries and professional services	595,551	379,493
Social security costs	53,912	29,231
Cost of defined contribution scheme	16,536	6,240
Directors compensation and 3rd party payments	72,000	72,000
	737,999	486,964

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Employees	10	8

Page 16

UNIPAAS FINANCIAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5.	Directors' remuneration
		2025	2024
		£	£

Directors' emoluments	45,750	36,000
Company contributions to defined contribution pension schemes	465	173
Sums paid to third parties for directors services	72,000	72,000
	118,215	108,173

During the year retirement benefits were accruing to no directors (2024 - NIL) in respect of defined contribution pension schemes.

6.	Interest receivable
		2025	2024
		£	£

	Other interest receivable	17,450	7,699
		17,450	7,699

7.	Interest payable and similar expenses
		2025	2024
		£	£

	Other interest payable	-	15
		-	15

Page 17

UNIPAAS FINANCIAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Corporation tax
Current tax on profits for the year	16,660	6,103
	16,660	6,103

Total current tax	16,660	6,103

	Deferred tax
	Total deferred tax	-	-


		16,660	6,103

Profit on ordinary activities before tax

58,759

28,938

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	14,690	7,235
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	2,418	-
Capital allowances for year in excess of depreciation	(213)	(298)
Marginal relief	(235)	(834)
Total tax charge for the year	16,660	6,103

Page 18

UNIPAAS FINANCIAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

9.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 January 2025	4,227
	Additions	1,890
	At 31 December 2025	6,117
	Depreciation
	At 1 January 2025	2,396
	Charge for the year on owned assets	1,042
	At 31 December 2025	3,438
	Net book value
	At 31 December 2025	2,679
	At 31 December 2024	1,831

10.

Debtors

					2025	2024
					£	£


Trade debtors	8,974	11,560
Amounts owed by group undertakings	218,110	29,083
Other debtors	30,010	31,545
Prepayments and accrued income	30,341	21,548
	287,435	93,736

Page 19

UNIPAAS FINANCIAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

11.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	271,441	292,177
Less: bank overdrafts	(15,348)	-
	256,093	292,177

12.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	21,140	20,739
Corporation tax	16,660	6,140
Other taxation and social security	21,106	13,087
Other creditors	92,967	2,028
Accruals and deferred income	38,528	32,043
Bank overdrafts	15,348	-
	205,749	74,037

13.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

250,000 (2024 - 250,000) Ordinary shares of £1.00 each	250,000	250,000

14.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £16,536 (2024: 6,240). Contributions totaling £827 (2024: £1,936) were payable to the fund at the balance sheet date and are included in creditors.

15.	Client funds

The Company holds client funds in accordance with the regulations of the Financial Conduct Authority. These funds are held separately from those of the Company and are not refelcted on the Balance Sheet. As at the balance sheet date the client funds held by the Company totalled £1,006,885 (2024: £402,403).

Page 20

UNIPAAS FINANCIAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

16.

Related party transactions

Sales invoices totaling £862,110 (2024: £707,587) were issued in the year to Unipaas Payment Technologies Limited, the parent company.

During the year consultancy fees and business related expenses totaling £80,187 (2024: £80,019) were paid to a company under the control of a director, this includes £72,000 (2024: £72,000) paid for the director's services. Included in trade creditors at the year end was £8,187 (2024: £7,200) owed to the same company.

Included within debtors at the year end was £218,110 due to (2024: 29,083 due from) the parent company.

17.	Controlling party

The ultimate parent undertaking is Unipaas Payment Technologies Limited, a company incorporated and registered in Israel.

Page 21