ACCOUNTS - Final Accounts

Creditors: Amounts falling due within one year

Registered number: 03833504

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 OCTOBER 2025

	ALTITUDE SOFTWARE LIMITED


ALTITUDE SOFTWARE LIMITED

COMPANY INFORMATION

Director	R Medved


Company secretary	I R Cornes


Registered number	03833504


Registered office	Imperium
	Imperial Way
	Reading
	Berkshire
	RG2 0TD


Independent auditor	Menzies LLP
	Chartered Accountants & Statutory Auditor
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


ALTITUDE SOFTWARE LIMITED

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 5


ALTITUDE SOFTWARE LIMITED REGISTERED NUMBER:03833504

STATEMENT OF FINANCIAL POSITION

AS AT 31 OCTOBER 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	486		55,865
Cash at bank and in hand		1,269,660		1,180,562
		1,270,146		1,236,427
Creditors: amounts falling due within one year	5	(12,162)		(67,845)
Net current assets			1,257,984		1,168,582
Total assets less current liabilities			1,257,984		1,168,582

Net assets			1,257,984		1,168,582

Capital and reserves
Called up share capital	2,471,330	2,471,330
Profit and loss account	(1,213,346)	(1,302,748)
	1,257,984	1,168,582

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

R Medved

Director

Date: 30 July 2026

The notes on pages 2 to 5 form part of these financial statements.

Page 1


ALTITUDE SOFTWARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1.	General information

Altitude Software Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number, registered office address and principal place of business is disclosed on the company information page.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The ultimate parent company, Enghouse Systems Limited, has confirmed that it will provide financial support to the company for at least twelve months from the date of approval of these financial statements. Enghouse Systems Limited has confirmed that it has sufficient cash resources to provide this support, and the directors have satisfied themselves that the parent company is able to provide the financial support required for this period. Accordingly, the directors do not consider there to be any material uncertainty relating to the company’s ability to continue as a going concern and have prepared the financial statements on a going concern basis.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP, rounded to the nearest £.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2


ALTITUDE SOFTWARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.4

Revenue

Revenue represents net invoiced sales of goods, excluding value added tax. 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 has four main streams of turnover. The streams along with the accounting policy associated with their recognition are as follows:

−Software Licence sales - The Company sells on-premise software licences on both a perpetual and specified-term basis. Perpetual licenses provide customers the right to use the software for an indefinite period of time in exchange for a one-time license fee, generally paid at contract inception. Term licenses provide the customer with the right to use software for a specified period in exchange for a fee, which may be paid at contract inception or paid in installments over the period of the contract. Revenue from the licensing of software on a perpetual basis is recognised at the time that both the right to use the software has commenced and the software has been made available to the customer for download at the commencement of the term. Term license revenue provided on a fixed-fee basis, subject to monthly or annual minimum fees, is recognised at the time that both the right to use the software has commenced and the software has been made available to the customer. Term license revenue provided on a variable usage basis, such as the number of transactions, subscribers or other variable measure, is recognised over time based on a customer’s utilisation in a given period. The Company also sells third-party software as an added service to customers. This revenue is generally recognised on delivery to the customer on the same terms and basis as the Company provides its own proprietary software to customers.

−Hardware sales - Turnover is recognised on delivery to the customer when the Company has transferred control of the hardware to the buyer under the terms of an enforceable contract.

−SaaS (Software As A Service) and Maintenance sales - The amount of the selling price associated with SaaS and maintenance services revenue agreements is deferred and recognised as revenue over the period during which the services are performed. This deferred revenue is included in the Balance Sheet as a current liability to the extent the services are to be delivered in the next twelve months. Setup fees on SaaS services revenue are deferred and recognized on a straight-line basis over the estimated life of the customer relationship period.

−Professional Service sales - Turnover is recognised as delivered, typically on an input-based measure of progress such as total labour hours incurred versus total expected labour hours.

2.5

Interest income

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

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3


ALTITUDE SOFTWARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

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 reporting date in the countries where the Company operates and generates income.

2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Employees

There were no employees during the year (2024 - none).

Debtors

					2025	2024
					£	£


Trade debtors	-	51,308
Other debtors	486	4,557
	486	55,865

Amounts owed to group undertakings	612	1,828
Accruals and deferred income	11,550	66,017
	12,162	67,845

6.	Parent Company

Enghouse Systems Limited, a company incorporated in Canada, is the parent company of the smallest group for which consolidated financial statements are drawn up of which the company is a member. The parent company's registered office is 80 Tiverton Court, Suite 800 Markham, ON L3R 0G4.

Page 4


ALTITUDE SOFTWARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

7.	Auditor's information

The auditor's report on the financial statements for the year ended 31 October 2025 was unqualified.

The audit report was signed on 30 July 2026 by Hezelina Hashim FCCA (Senior statutory auditor) on behalf of Menzies LLP.

Page 5