ACCOUNTS - Final Accounts

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

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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.

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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.

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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.

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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.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 1).

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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

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OPENVAS LTD (FORMERLY GREENBONE NETWORKS UK LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

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

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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.

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