Registration number: 07473013

LanguageWire Limited

Contents

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

LanguageWire Limited

Company Information

Director

Mr S B Justesen

Registered office

Rivington House 82 Great Eastern Street London EC2A 3JF

Auditors

CBSL Accountants Limited Chartered Accountants and Statutory Auditor Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

LanguageWire Limited

(Registration number: 07473013)
Balance Sheet as at 31 December 2025

	Note	2025 £	(As restated) 2024 £
Fixed assets
Tangible assets	4	-	515
Current assets
Debtors	5	1,642,753	8,611,489
Cash at bank and in hand		82,637	34,798
		1,725,390	8,646,287
Creditors: Amounts falling due within one year	6	(581,145)	(7,769,793)
Net current assets		1,144,245	876,494
Net assets		1,144,245	877,009
Capital and reserves
Called up share capital		1,300,100	1,300,100
Retained earnings		(155,855)	(423,091)
Shareholders' funds		1,144,245	877,009

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 May 2026
 

Mr S B Justesen Director

LanguageWire Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Rivington House
82 Great Eastern Street
London
EC2A 3JF

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, which assumes the combined support of the company's parent undertaking and other group companies.

Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 7 May 2026 was Louise Osselton FCA, who signed for and on behalf of CBSL Accountants Limited.

Reclassification of comparative amounts

The prior year figures have been restated to reclassify £162,276 included within cash at bank to amounts owed by group undertakings within debtors relating to a group cashpool facility. This adjustment has not impacted the loss for the prior year or net assets.

LanguageWire Limited

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Contract revenue recognition

Where the substance of a contract is that the contractual obligations are performed gradually over time, revenue is recognised as contract activity progresses to reflect the partial performance of our contractual obligations. The amount of revenue included reflects the accrual of the right to consideration as contract activity progresses by reference to value of the work performed.

Foreign currency transactions and balances

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% straight line
Leasehold improvements	20% straight line

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.

LanguageWire Limited

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

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2024 - 10).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2025	67,346	7,841	75,187
At 31 December 2025	67,346	7,841	75,187
Depreciation
At 1 January 2025	66,831	7,841	74,672
Charge for the year	515	-	515
At 31 December 2025	67,346	7,841	75,187
Carrying amount
At 31 December 2025	-	-	-
At 31 December 2024	515	-	515

Included within the net book value of land and buildings above is £Nil (2024 - £515) in respect of long leasehold land and buildings.
 

5

Debtors

	Note	2025 £	(As restated) 2024 £
Trade debtors		606,875	725,431
Amounts owed by group undertakings and undertakings in which the company has a participating interest	8	774,950	7,720,845
Other debtors		260,928	165,213
		1,642,753	8,611,489

LanguageWire Limited

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

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		2,178	1,114
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8	-	7,071,665
Taxation and social security		195,972	187,625
Accruals and deferred income		80,905	70,498
Other creditors		302,090	438,891
		581,145	7,769,793

7	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	-	29,200

8	Related party transactions

The group operates a cash pool arrangement between group entities.

As at 31 December 2025 a balance of £153,587 (2024 - £7,071,665) was due from the parent company LanguageWire A/S and other group subsidiaries, which is included in debtors. Amounts due from group undertakings are unsecured, interest free and have no fixed terms of repayment.

As at 31 December 2025 a balance of £390,879 (2024 - restated £7,720,845) was due from the parent company, LanguageWire A/S, which is included in debtors.

 

9	Parent and ultimate parent undertaking

The company's immediate parent is LanguageWire A/S, incorporated in Denmark.

 The ultimate parent is LanguageWire Holding A/S, incorporated in Denmark.