Registration number: 11083646

Radar AI Limited

Contents

Company Information	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Unaudited Financial Statements	4 to 8

Radar AI Limited

Company Information

Directors

Ms L Irwin Mr B C Marson Ms E J A Shelley

Registered office

3rd Floor 37 North Wharf Road London W2 1AF

Accountants

Franklin, Chartered Accountants 320 Garratt Lane London SW18 4EJ

Radar AI Limited

(Registration number: 11083646)
Balance Sheet as at 31 January 2026

	Note	2026 £	2024 £
Current assets
Debtors	4	9,745	43,521
Cash at bank and in hand		5,455	203,286
		15,200	246,807
Creditors: Amounts falling due within one year	5	(14,561)	(14,752)
Total assets less current liabilities		639	232,055
Creditors: Amounts falling due after more than one year	5	(1,058,416)	(1,213,681)
Net liabilities		(1,057,777)	(981,626)
Capital and reserves
Called up share capital	6	100	100
Retained earnings		(1,057,877)	(981,726)
Shareholders' deficit		(1,057,777)	(981,626)

For the financial period ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 July 2026 and signed on its behalf by:
 

......................................... Mr B C Marson Director

Radar AI Limited

Statement of Changes in Equity for the Period from 1 January 2025 to 31 January 2026

	Share capital £	Retained earnings £	Total £
At 1 January 2025	100	(981,726)	(981,626)
Loss for the period	-	(76,151)	(76,151)
At 31 January 2026	100	(1,057,877)	(1,057,777)

	Share capital £	Retained earnings £	Total £
At 1 January 2024	100	(930,217)	(930,117)
Loss for the period	-	(51,509)	(51,509)
At 31 December 2024	100	(981,726)	(981,626)

Radar AI Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The company ceased to trade as at 31st January 2026

The address of its registered office is:
3rd Floor
37 North Wharf Road
London
W2 1AF

These financial statements were authorised for issue by the Board on 31 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Radar AI Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 31 January 2026

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Radar AI Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 31 January 2026

Financial instruments

Classification
The Company has chosen to adopt sections 11 and 12 of FRS 102 in respect of financial instruments.

 Recognition and measurement
Financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

 Impairment
Financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 5 (2024 - 5).

4

Debtors

Current	2026 £	2024 £
Trade debtors	9,645	36,456
Prepayments	-	6,965
Other debtors	100	100
	9,745	43,521

Radar AI Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 31 January 2026

5

Creditors

Creditors: amounts falling due within one year

	2026 £	2024 £
Due within one year
Trade creditors	4,910	753
Taxation and social security	8,252	11,662
Other creditors	1,399	2,337
	14,561	14,752

Creditors: amounts falling due after more than one year

	2026 £	2024 £
Due after one year
Other financial liabilities	1,058,416	1,213,681

6	Share capital

Allotted, called up and fully paid shares

	2026		2024
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

Radar AI Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 31 January 2026

7	Related party transactions

Summary of transactions with all entities with joint control or significant interest

The Press Association Limited, 50% Shareholder in Radar AI Limited

Loans from related parties

2026	Entities with joint control or significant influence £	Total £
At start of period	1,213,681	1,213,681
Advanced	52,796	52,796
Repaid	(208,062)	(208,062)
At end of period	1,058,415	1,058,415

2024	Entities with joint control or significant influence £	Total £
At start of period	1,250,257	1,250,257
Advanced	4,627	4,627
Repaid	(41,203)	(41,203)
At end of period	1,213,681	1,213,681