Is United Payment Systems Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 14364087

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		1,990,018		1,248,836

			1,990,018		1,248,836
CURRENT ASSETS
Debtors	5	2,941,354		1,426,493
Cash at bank and in hand		289,084		103,516

		3,230,438		1,530,009
Creditors: Amounts Falling Due Within One Year	6	(44,009 )		(234,659 )

NET CURRENT ASSETS (LIABILITIES)			3,186,429		1,295,350

TOTAL ASSETS LESS CURRENT LIABILITIES			5,176,447		2,544,186

Creditors: Amounts Falling Due After More Than One Year	7		(4,289,000 )		-

NET ASSETS			887,447		2,544,186

CAPITAL AND RESERVES
Called up share capital	8		10,990,000		10,990,000
Profit and Loss Account			(10,102,553 )		(8,445,814 )

SHAREHOLDERS' FUNDS			887,447		2,544,186

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Halim MEMIS

Director

26/06/2026

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Is United Payment Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14364087 . The registered office is 124 City Road, London, EC1V 2NX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.4. Consolidation Exemption

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

2.5. Investment Impairment

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Investments

	Subsidiaries	Other	Total
	£	£	£
Cost
As at 1 January 2025	7,934,540	229,867	8,164,407
Additions	1,399,264	(229,867 )	1,169,397

As at 31 December 2025	9,333,804	-	9,333,804

Provision
As at 1 January 2025	6,915,571	-	6,915,571
Impairment losses	428,215	-	428,215

As at 31 December 2025	7,343,786	-	7,343,786

Net Book Value
As at 31 December 2025	1,990,018	-	1,990,018

As at 1 January 2025	1,018,969	229,867	1,248,836

The Company has invested in Maxi Digital acquiring 100% of the shareholding and in Affiniture Group Limited acquiring 80% of the shareholding. Accordingly, Maxi Digital is a wholly owned subsidiary of the Company and Affiniture Group Limited is a 80% owned subsidiary of the Company.

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Is United Payment Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	133,134	85,516
Other debtors	3,606	-

	136,740	85,516
Due after more than one year
Amounts owed by group undertakings	2,804,614	1,340,977

	2,941,354	1,426,493

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	16,083	27,795
Other taxes and social security	5,010	-
Other - creditors	15,416	24
Accruals and deferred income	7,500	6,840
Amounts owed to group undertakings	-	200,000

	44,009	234,659

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Amounts owed to group undertakings	4,289,000	-

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10,990,000	10,990,000

9. Ultimate Parent Undertaking and Controlling Party

The company is a wholly owned by Birlesik Odeme Hizmetleri ve Elektronik Para A.S. (50%) and Odesis Finansal Teknoloji Girisimleri A.S. (50%)

The ultimate Beneficial Owner of Birlesik Odeme Hizmetleri ve Elektronik Para A.S. are Oyak Asset Management Third Venture Capital Investment Fund (99%) and Ilker Sozdinler (1%

The ultimate Beneficial Owner of Odesis Finansal Teknoloji Girisimleri A.S. is Trakya Yatırım Holding A.S.

100%. The ultimate Beneficial Owner of Trakya Yatırım Holding A.S. is Turkiye Is Bankasi A.S (100%)

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Is United Payment Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Audit Information

The auditor's report on the accounts of Is United Payment Systems Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Paul Mattei (Senior Statutory Auditor) for and on behalf of Leaman Mattei Limited , Statutory Auditor.

Leaman Mattei Limited

Suite 1

First floor

1 Duchess Street

London

W1W 6AN

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