ACCOUNTS - Final Accounts preparation

Registered number: 14155294

PAYLOGIC LIMITED

UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

PAYLOGIC LIMITED

COMPANY INFORMATION

Director	A. Slimani (appointed 7 June 2022)


Registered number	14155294


Registered office	1 Charterhouse Mews
	London
	EC1M 6BB

PAYLOGIC LIMITED

CONTENTS

	Page
	1
Profit and Loss Account	2
Balance Sheet	3
Statement of Changes in Equity	4
Notes to the Financial Statements	5 - 7

PAYLOGIC LIMITED

DIRECTOR'S REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The director presents his report and the financial statements for the year ended 31 December 2025.

Director's responsibilities statement

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the director is required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the board and signed on its behalf.

A. Slimani

Director

Date: 29 July 2026

Page 1

PAYLOGIC LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2025

	31 December 2025	31 December 2024
Note	£	£


Turnover	-	22.198
Gross profit	-	22.198
Administrative expenses	(13.758)	(15.766)
Operating (loss)/profit	(13.758)	6.432
(Loss)/profit for the financial year	(13.758)	6.432

The notes on pages 5 to 7 form part of these financial statements.

Page 2

PAYLOGIC LIMITED

REGISTERED NUMBER: 14155294

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£


Current assets
Cash at bank and in hand	4	143		2.226
		143		2.226
Creditors: amounts falling due within one year	5	(21.293)		(9.618)
Net current liabilities			(21.150)		(7.392)
Total assets less current liabilities			(21.150)		(7.392)

Net liabilities			(21.150)		(7.392)

Capital and reserves
Called up share capital	6	2.362	2.362
Share premium account		34.288	34.288
Profit and loss account		(57.800)	(44.042)
		(21.150)	(7.392)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the 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 29 July 2026.

A. Slimani

Director

The notes on pages 5 to 7 form part of these financial statements.

Page 3


		PAYLOGIC LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2024	2.362	-	(50.474)	(48.112)
Comprehensive income for the year
Profit for the year	-	-	6.432	6.432
Contributions by and distributions to owners
Shares issued during the year	-	34.288	-	34.288

At 1 January 2025	2.362	34.288	(44.042)	(7.392)
Comprehensive income for the year
Loss for the year	-	-	(13.758)	(13.758)
At 31 December 2025	2.362	34.288	(57.800)	(21.150)

The notes on pages 5 to 7 form part of these financial statements.

Page 4

PAYLOGIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Paylogic Limited is a private company, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

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. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 5

PAYLOGIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.3

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.

2.4

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.

2.5

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.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

4.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	143	2.226
	143	2.226

5.	Creditors: Amounts falling due within one year
		2025	2024
			£

Trade creditors	7.136	6.985
Current account - Paylogic S.A.	14.157	2.633
	21.293	9.618

Page 6

PAYLOGIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

3.000 (2024 - 3.000) Ordinary shares of $1,00 each	2.362	2.362

Page 7