Ility (United Kingdom) Limited
Unaudited Financial Statements
For the period ended 31 December 2025
Pages for Filing with Registrar
Company Registration No. 16089151 (England and Wales)
Ility (United Kingdom) Limited
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
Ility (United Kingdom) Limited
Balance Sheet
As at 31 December 2025
Page 1
2025
Notes
£
£
Current assets
Cash at bank and in hand
36,858
Creditors: amounts falling due within one year
3
(253,347)
Net current liabilities
(216,489)
Capital and reserves
Called up share capital
4
100
Profit and loss reserves
(216,589)
Total equity
(216,489)

For the financial period ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 3 August 2026 and are signed on its behalf by:
C A B Wright
Director
Company Registration No. 16089151
Ility (United Kingdom) Limited
Statement of Changes in Equity
For the period ended 31 December 2025
Page 2
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Period ended 31 December 2025:
Loss and total comprehensive income
-
(216,589)
(216,589)
Issue of share capital
4
100
-
100
Balance at 31 December 2025
100
(216,589)
(216,489)
Ility (United Kingdom) Limited
Notes to the Financial Statements
For the period ended 31 December 2025
Page 3
1
Accounting policies
Company information

Ility (United Kingdom) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor 9 Appold Street, London, United Kingdom, EC2A 2AP.

1.1
Reporting period

These financial statements cover the period from 19 November 2024 (the date of incorporation) to 31 December 2025.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

At 31 December 2025 the company had net current liabilities of £216,489, including amounts owed to group companies. The directors have received confirmation of continued financial support from the parent and related parties and therefore consider that the company has adequate resources to meet its obligations as they fall due and to continue in operational existence for the foreseeable future.true

Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

Ility (United Kingdom) Limited
Notes to the Financial Statements (Continued)
For the period ended 31 December 2025
1
Accounting policies
(Continued)
Page 4
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Ility (United Kingdom) Limited
Notes to the Financial Statements (Continued)
For the period ended 31 December 2025
Page 5
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
1
3
Creditors: amounts falling due within one year
2025
£
Trade creditors
13,160
Taxation and social security
25,481
Other creditors
214,706
253,347
4
Called up share capital
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
100
100
5
Related party transactions

Included within other creditors is an amount of £175,912 due to Ility.com, Inc, the ultimate beneficial owner. Also included in other creditors is an amount of £35,114 due to Ility Pty Limited, a related party.

6
Parent company

Ility.com, Inc is the parent company. The registered office of Ility.com, Inc is Suite 8500, 1 World Trade Center, New York, 10007, United States of America.

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