CloudEQ Limited - Period Ending 2025-12-31

Registration number: 14529638

CloudEQ Limited

Filleted Financial Statements

for the Year Ended 31 December 2025

CloudEQ Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

CloudEQ Limited

Company information

CloudEQ Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 St James Court Whitefriars, Norwich, NR3 1RU.

Accounting convention

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 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 financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts 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.

Going concern

The directors expect CloudEQ Limited to continue to be a going concern as growth has been robust and the directors have been provided with assurances that the parent company and wider group will continue to support the company for a period of more than 12 months from the approval of these financial statements. The directors believe that the parent company is able to provide this support.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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.

Specifically, revenue is recognised based on the stage of completion of the services provided under the relevant contract.

Financial instruments

The Company only has financial instruments which are classified as basic financial instruments. Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in profit and loss.

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.

CloudEQ Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Foreign Exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the Directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 30 July 2026 was , who signed for and on behalf of WP Audit Services LLP.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

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.

2	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 4 (2024 - 3).

CloudEQ Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

3

Debtors

Current	Note	2025 £	2024 £
Trade debtors		399,349	66,509
Amounts owed by related parties	6	1,000	1,000
Prepayments		12,878	-
Other debtors		82,649	109,020
		495,876	176,529

4

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		15,883	1,563
Amounts owed to related parties	6	533,194	304,642
Taxation and social security		59,402	25,706
Accruals and deferred income		234,638	55,357
		843,117	387,268

5	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	1,000	1,000	1,000	1,000

CloudEQ Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

6	Related party transactions

During the year, there was no movement in the loan to CloudEQ Technologies (Cyprus) Limited, the immediate parent company. At the balance sheet date CloudEQ Technologies (Cyprus) Limited owed the company £1,000 (2024 - £1,000).

During the year, CloudEQ Incorporated, the ultimate parent company, incurred costs that have been recharged to the company of £699,400 (2024 - £435,361), made payments on behalf of the company of £149,966 and received payments of £620,814 from the company. At the balance sheet date, the company owed CloudEQ Incorporated £533,194 (2024 - £304,642).

Transactions with Directors

2025	At 1 January 2025 £	At 31 December 2025 £
Scott Anthony White
	10,000	10,000

The loan is interest free and repayable on demand.

2024	At 1 January 2024 £	Advances to Director £	At 31 December 2024 £
Scott Anthony White
	-	10,000	10,000

7

Ultimate controlling party

The Company is a wholly owned subsidiary of CloudEQ Technologies (Cyprus) Limited, it's registered office is 17 Ifigenias Street, 2007 Strovolos, Nicosia, Cyprus.

The ultimate parent is CloudEQ Incorporated, it's registered office is 28175 Haggerty Road, Novi, Michigan 48377 USA.

Mr S Barker is considered the ultimate controlling party of CloudEQ Limited by virtue of his shareholding in CloudEQ Incorporated.

	Note	2025 £	2024 £
Current assets
Debtors	3	495,876	176,529
Cash at bank and in hand		232,129	243,594
		728,005	420,123
Creditors: Amounts falling due within one year	4	(843,117)	(387,268)
Net (liabilities)/assets		(115,112)	32,855
Capital and reserves
Called up share capital	5	1,000	1,000
Retained earnings		(116,112)	31,855
Shareholders' (deficit)/funds		(115,112)	32,855