Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 2025-01-01 false Provision of software development services 2 1 false true false 11027749 2025-01-01 2025-12-31 11027749 2024-01-01 2024-12-31 11027749 2025-12-31 11027749 2024-12-31 11027749 c:Director2 2025-01-01 2025-12-31 11027749 d:OfficeEquipment 2025-01-01 2025-12-31 11027749 d:OfficeEquipment 2025-12-31 11027749 d:OfficeEquipment 2024-12-31 11027749 d:OfficeEquipment d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 11027749 d:CurrentFinancialInstruments 2025-12-31 11027749 d:CurrentFinancialInstruments 2024-12-31 11027749 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 11027749 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11027749 d:ShareCapital 2025-12-31 11027749 d:ShareCapital 2024-12-31 11027749 d:RetainedEarningsAccumulatedLosses 2025-12-31 11027749 d:RetainedEarningsAccumulatedLosses 2024-12-31 11027749 c:OrdinaryShareClass1 2025-01-01 2025-12-31 11027749 c:OrdinaryShareClass1 2025-12-31 11027749 c:OrdinaryShareClass1 2024-12-31 11027749 c:FRS102 2025-01-01 2025-12-31 11027749 c:Audited 2025-01-01 2025-12-31 11027749 c:FullAccounts 2025-01-01 2025-12-31 11027749 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 11027749 c:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 11027749 2 2025-01-01 2025-12-31 11027749 e:PoundSterling 2025-01-01 2025-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11027749 OPENVAS LTD (FORMERLY GREENBONE NETWORKS UK LIMITED) FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
OPENVAS LTD (FORMERLY GREENBONE NETWORKS UK LIMITED) REGISTERED NUMBER: 11027749 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 732 |  | 1,266
|  |  | 732 |  | 1,266
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 3,302 |  | 3,354 |
Cash at bank and in hand | 6 | 24,092 |  | 21,889 |
|  | 27,394 |  | 25,243 |
Creditors: amounts falling due within one year | 7 | (12,391) |  | (13,268) |
Net current assets |  |  | 15,003 |  | 11,975
Total assets less current liabilities |  |  | 15,735 |  | 13,241
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (140) |  | (241) |
|  |  | (140) |  | (241)
Net assets |  |  | 15,595 |  | 13,000
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 100 |  | 100
Profit and loss account |  |  | 15,495 |  | 12,900
|  |  | 15,595 |  | 13,000
Page 1
OPENVAS LTD (FORMERLY GREENBONE NETWORKS UK LIMITED) REGISTERED NUMBER: 11027749 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025 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 on 12 August 2026.
................................................ Paul Ingo Conrads
Director
The notes on pages 3 to 8 form part of these financial statements. Page 2
OPENVAS LTD (FORMERLY GREENBONE NETWORKS UK LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
OpenVAS Limited is a private company, limited by shares, registered in England and Wales, registration number 11027749. The company changed its name from Greenbone Networks UK Limited to OpenVAS Limited on 19 June 2025. The registered office is 20 Wenlock Road, London, N1 7GU. The principal activity of the company is the provision of software development services. 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 requirements and 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 Company has sufficient financial resources and, as a consequence, the director believes that the Company is well placed to manage its business risks successfully and continue in existence for the foreseeable future. For this reason the director continues to adopt the going concern basis of preparation for these financial statements.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Monetary amounts in these financial statements are 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.
| 2.4 | 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. Revenue consists of recharges of costs to the parent company. Page 3
OPENVAS LTD (FORMERLY GREENBONE NETWORKS UK LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.7 | 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.
| 2.8 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. 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. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.9 | 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. Page 4
OPENVAS LTD (FORMERLY GREENBONE NETWORKS UK LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.9 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | 25% | straight line
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.
| 2.10 | 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.
| 2.11 | 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.
| 2.12 | 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.
| 2.13 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 1).
Page 5
OPENVAS LTD (FORMERLY GREENBONE NETWORKS UK LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Tangible fixed assets
|  | Office equipment
|  | £
| Cost or valuation |
| At 1 January 2025 | 2,787
| At 31 December 2025 | 2,787
| Depreciation |
| At 1 January 2025 | 1,521
| Charge for the year on owned assets | 534
| At 31 December 2025 | 2,055
| Net book value |
| At 31 December 2025 | 732
| At 31 December 2024 | 1,266
Page 6
OPENVAS LTD (FORMERLY GREENBONE NETWORKS UK LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 2,128 | -
| Other debtors | 1,085 | 854
| Prepayments and accrued income | 89 | 2,500
|  | 3,302 | 3,354
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 24,092 | 21,889
| Less: bank overdrafts | (24) | -
|  | 24,068 | 21,889
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 24 | -
| Trade creditors | 526 | -
| Corporation tax | 710 | 300
| Other creditors | 590 | 256
| Accruals and deferred income | 10,541 | 12,712
|  | 12,391 | 13,268
8. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Authorised, allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary shares of £1.00 each | 100 | 100
Page 7
OPENVAS LTD (FORMERLY GREENBONE NETWORKS UK LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
9. | Pension commitments
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in independently administered funds. The pension cost charge represents contributions payable by the Company to the funds and amounts to £1,595 (2024 - £1,321). Contributions totalling £590 (2024 - £256) were payable to the funds at the balance sheet date.
10. | Related party transactions
| The Company is a wholly owned subsidiary of Greenbone AG. Accordingly, the Company has taken advantage of the exemption in Section 33 of FRS 102 from disclosing transactions with its parent company.
11. | Controlling party
The parent company is Greenbone AG, a company incorporated in Germany. Their registered office is Neumarkt 12, 49074 Osnabruck, Germany.
12. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 12 August 2026 by Jon Routledge (Senior Statutory Auditor) on behalf of Ryecroft Glenton.
Page 8