Registration number:
Financial Statements
Scale AI Limited
For the period from 19 November 2024 (date of incorporation) to 31 December 2025
Scale AI Limited
Contents
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Company Information |
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Directors' Report |
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Statement of Comprehensive Income |
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Statement of Financial Position |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Scale AI Limited
Company Information
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Directors |
Joshua James Waldron (appointed on 19 November 2024) Trevor Cooper Thompson (appointed on 27 June 2025) William Russell Gamble (appointed on 23 January 2026) Jennifer Jung (resigned on 29 August 2025) Lauren Escher Lennon (resigned on 6 January 2026) |
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Registered number |
16089452 |
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Registered office |
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Accountants |
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Scale AI Limited
Directors' Report
For the period from 19 November 2024 (date of incorporation) to 31 December 2025
The directors present their report and the financial statements for the period from 19 November 2024, being the date of incorporation, to 31 December 2025. This represents the Company's first accounting period.
Principal activity
The Company's principal business activity is to provide services to its immediate parent company, Scale AI, Inc. These services include design, development, and maintenance of software, databases, and web-based platforms, including updates and application programming interfaces.
Results and dividends
The results of the Company for the period are set out in the Statement of Comprehensive Income and the related notes thereto. The Company recorded a net profit for the financial period after taxation of £255,357.
The directors do not recommend the payment of a dividend in respect of the financial period.
Directors of the Company
The directors who served during the period were as follows:
Scale AI Limited
Directors' Report
For the period from 19 November 2024 (date of incorporation) to 31 December 2025
Directors' responsibilities statement
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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' for the financial period 2025. Under Company law, the directors must not approve the financial statements unless they are 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 directors are 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; • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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.
Going concern
At 31 December 2025, the Company recorded net profit for the financial period after taxation of £255,357 and had net assets of £2,440,165. The Company’s forecasts and projections, taking into account the reasonably possible changes in trading performance, show that the Company should be able to operate within the level of its current cash reserves and borrowings. For this reason, the financial statements have been prepared on the going concern basis.
Scale AI Limited
Directors' Report
For the period from 19 November 2024 (date of incorporation) to 31 December 2025
Future developments
The company expects continued growth in turnover and net profit in the future.
Post balance sheet events
There have been no significant events affecting the Company since period ended 31 December 2025.
Small companies provision statement
This report has 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.
Approved and authorised by the
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Scale AI Limited
Statement of Comprehensive Income
For the period from 19 November 2024 (date of incorporation) to 31 December 2025
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Note |
Period from 19 November 2024 (date of incorporation) to 31 December |
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Turnover |
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Cost of sales |
- |
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Gross profit |
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Administrative expenses |
( |
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Other operating income |
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Profit before tax |
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Taxation |
(383,621) |
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Profit for the period |
255,357 |
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Other comprehensive income |
- |
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Total comprehensive profit for the period |
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All amounts relate to continuing operations.
There was no other comprehensive income for the period ended 31 December 2025.
Scale AI Limited
(Registration number: 16089452)
Statement of Financial Position
As at 31 December 2025
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Note |
31 December 2025 |
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Non-current assets |
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Property, plant and equipment |
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Deferred tax assets |
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Debtors: Amounts falling more than one year (security deposits) |
66,688 |
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Current assets |
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Debtors: Amounts falling due within one year |
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Cash and cash equivalents |
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Creditors: Amounts falling due within one year |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Share capital |
1 |
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Reserves |
2,184,807 |
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Profit and loss account |
255,357 |
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Total equity |
2,440,165 |
For the financial period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
The 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 and in accordance with the provisions of FRS102 Section 1A - Small Entities.
Approved and authorised by the
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Scale AI Limited
Statement of Changes in Equity
For the Period from 19 November 2024 (Date of Incorporation) to 31 December 2025
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Note |
Share capital |
Profit and loss account |
Reserves |
Total |
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At 19 November 2024 |
- |
- |
- |
- |
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Ordinary shares issued |
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- |
- |
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Net profit for the period |
- |
255,357 |
- |
255,357 |
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Stock option reserve |
- |
- |
2,184,807 |
2,184,807 |
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At 31 December 2025 |
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Scale AI Limited
Notes to the Financial Statements
For the Period from 19 November 2024 (Date of Incorporation) to 31 December 2025
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General information |
Scale AI Limited is a private company limited by share capital, incorporated in United Kingdom. The address of its registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.
These financial statements are presented in Pounds Sterling (“£”), which is also the functional currency of the Company as it represents the currency of the primary economic environment in which the Company operates. The nature of the Company's operations and its principal activities are set out in the Directors' report.
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Accounting policies |
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to the period presented, unless otherwise stated.
2.1 Basis of preparation
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The Company has prepared its financial statements in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS102 Section 1A - Small Entities. In accordance with the provisions available to small entities, the company has taken advantage of certain presentation and disclosure exemptions permitted by Section 1A of FRS 102. The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
2.2 Going concern
At 31 December 2025, the Company recorded net profit after taxation of £255,357 and had net assets of £2,440,165. The Company’s forecasts and projections, taking into account the reasonably possible changes in trading performance, show that the Company should be able to operate within the level of its current cash reserves and borrowings. For this reason, the financial statements have been prepared on the going concern basis.
2.3 Turnover
Intercompany turnover
Turnover is recognised at an agreed markup on costs recharged to the immediate parent company. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Scale AI Limited
Notes to the Financial Statements
For the Period from 19 November 2024 (Date of Incorporation) to 31 December 2025
2.4 Foreign currency translation
Functional and presentation currency
The Company's functional and presentational currency is Pound Sterling (“£”).
Transactions and balances
2.5 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 the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered fund.
2.6 Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.7 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.
Scale AI Limited
Notes to the Financial Statements
For the Period from 19 November 2024 (Date of Incorporation) to 31 December 2025
2.8 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.
2.9 Creditors
Short term trade 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.
2.10 Leases
Rentals payable under operating leases are charged to profit or loss on a straight-line basis over the lease term, unless the rental payments are structured to increase in line with expected general inflation, in which case the group recognises annual rent expense equal to amounts owed to the lessor. The aggregate benefit of lease incentives are recognised as a reduction to the expense recognised over the lease term on a straight line basis.
2.11 Property, plant and equipment
Property, plant and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated to write down the cost less estimated residual value of all property, plant and equipment, other than freehold land, over their expected useful lives, using the straight-line method. The lives applicable are:
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Asset class |
Useful life |
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Computer hardware |
3 years |
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.
2.12 Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
Scale AI Limited
Notes to the Financial Statements
For the Period from 19 November 2024 (Date of Incorporation) to 31 December 2025
3 Significant judgements and estimates
In applying the Company's accounting policies, the directors are required to make significant judgments, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgments, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgments, estimates and assumptions, the actual results and outcomes may differ. |
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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. |
The items in the financial statements where these judgments and estimates have been made include: |
Estimating an allowance for the impairment of debtors
The Company maintains provisions for impaired accounts at a level considered adequate to provide for probable uncollectible receivables. The level of this provision is regularly evaluated and normally consists of past due accounts that are neither subject of ongoing negotiations with management to revise payment schedules nor secured with any collateral.
Useful economic lives of property, plant and equipment
The annual depreciation charge for property, plant and equipment is a key source of estimation uncertainty, as it is sensitive to changes in the estimated useful lives and residual values of those assets. The carrying amount of property, plant and equipment at 31 December 2025 was £298,295 (see note 7).
Management reviews the useful economic lives and residual values of property, plant and equipment at least annually and amends these estimates when necessary to reflect current conditions. Judgement is applied in assessing the impact of technological advancement, planned future investments, the economic utilisation of the assets, and their physical condition.
If the estimated useful economic lives of tangible assets were to change by one year (increase or decrease), the annual depreciation charge for the next financial year would not materially change. The actual useful lives and residual values may differ from estimates, and changes could result in a material adjustment to the depreciation charge and/or carrying amounts in future periods.
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Employees |
The average monthly number of employees, including directors, during the period was
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Director's renumeration |
No directors' remuneration was paid during the period.
Scale AI Limited
Notes to the Financial Statements
For the Period from 19 November 2024 (Date of Incorporation) to 31 December 2025
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Taxation |
Tax charged in the Statement of Comprehensive Income
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2025 |
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Current taxation |
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UK corporation tax |
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Deferred tax |
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Original and reversal of timing differences |
( |
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Tax on profit on ordinary activities |
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The tax on profit before tax for the period is
The differences are reconciled below:
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2025 |
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Profit before tax |
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Corporation tax at standard rate of 25% |
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Expenses not deductible for tax purposes |
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Deferred tax recognised on deductible temporary differences |
( |
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Net deferred tax asset for the period |
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Deferred tax
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The deferred tax asset comprises of timing differences from: |
2025 |
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Share-based payments |
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Accelerated capital allowances |
( |
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Pension provisions |
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Net deferred tax asset for the period |
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Scale AI Limited
Notes to the Financial Statements
For the Period from 19 November 2024 (Date of Incorporation) to 31 December 2025
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Property, plant and equipment |
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Computer hardware |
Total |
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Cost |
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At 19 November 2024 (date of incorporation) |
- |
- |
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Additions |
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At 31 December 2025 |
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Depreciation |
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At 19 November 2024 (date of incorporation) |
- |
- |
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Charge for the period |
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At 31 December 2025 |
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Carrying amount |
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At 31 December 2025 |
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Debtors |
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Due within one year |
Note |
2025 |
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VAT receivables |
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Prepayments |
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Amount owed by group companies |
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The amounts owed by group companies are unsecured, interest free and repayable on demand.
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Due more than one year |
2025 |
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Security deposits |
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Scale AI Limited
Notes to the Financial Statements
For the Period from 19 November 2024 (Date of Incorporation) to 31 December 2025
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Creditors |
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Note |
2025 |
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Due within one year |
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Trade creditors |
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Other payables |
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Social security and other taxes |
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Payroll liabilities |
1,272,751 |
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Accruals |
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Amounts due to group companies |
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Corporation tax |
659,218 |
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Trade and other payables are payable at various dates over the coming months in accordance with the suppliers’ usual and customary credit terms.
Amounts owed to group companies at the end of the financial period 2025 were unsecured, interest free and repayable on demand.
Corporation tax and other taxes including social insurance are repayable at various dates over the coming months in accordance with the applicable statutory provisions.
Accruals mainly pertain to provisions for audit fees.
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Share capital |
Allotted, called up and fully paid shares
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2025 |
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Number of shares |
Amount |
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1 |
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Reserves |
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Note |
2025 |
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Stock option reserve |
2,184,807 |
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Profit and loss account
The Profit and loss account includes all current retained profits and losses.
Scale AI Limited
Notes to the Financial Statements
For the Period from 19 November 2024 (Date of Incorporation) to 31 December 2025
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Pension commitments |
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £108,856.
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Related party transactions |
The Company has availed of the exemption under section 33, paragraph 33.1A, of FRS 102 in relation to the disclosure of transactions with wholly owned group companies.
Scale AI Limited
Notes to the Financial Statements
For the Period from 19 November 2024 (Date of Incorporation) to 31 December 2025
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Lease commitments |
The company's future minimum operating lease payments are as follows:
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2025 |
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Within one year |
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Between one and five years |
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Later than five years |
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Shared-based payments |
The share-based payment expense recognised in the profit and loss account for the period amounted to £
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Post balance sheet events |
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Parent and ultimate parent undertaking |