ZESTIA LIMITED

Filleted Accounts

Duncan Stockdill

Phillip Haines

Steven Ledgerwood

Anna Dick

Michael Cooper

Level 1, 20 Dale Street

Manchester

M1 1EZ

RSM UK Audit LLP

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The company is exempt from the requirement to prepare consolidated financial statements as it is a wholly owned subsidiary and its immediate parent, Bidco Koru Limited, is incorporated in the United Kingdom.

The company is profit making, has strong monthly recurring revenues and has net assets at the year end. It also has a positive cash position and is forecast to continue in this position for the foreseeable future. On this basis, the directors have a reasonable expectation that the company has reasonable resources to remain in operational existence for the foreseeable future. Therefore, they continue to adopt the going concern basis for preparing the annual report and financial statements.

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of software as a service. Turnover from the rendering of software as a service is recognised by reference to the ongoing contract status of each customer, annual billed customers are recognised on a pro-rata basis over the period of the billing cycle and monthly customers are recognised at the end of each monthly billing cycle.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Amortisation of fixed assets and goodwill is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are amortised on a straight line basis over five years.

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.

Short term debtors are measured at transaction price, less any impairment losses. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Foreign currency transactions are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Any differences are taken to the Statement of Comprehensive Income.

Operating lease payments are recognised as an expense on a straight line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term.

For defined contribution schemes the amount charged to profit and loss is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments.

The cost of short term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Equity instruments issued by the company are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Cash and cash equivalents are basic financial instruments and include cash in hand and deposits held at call with banks.

In preparing the financial statements management are required to make judgements about the carrying value of assets and liabilities that are not readily available from other sources. Estimates and judgements are continually evaluated based on historical experience and other factors, including expectations of future events which are expected to be reasonable under the circumstances. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are;

internally generated intangibles assets, amortisation of fixed assets and goodwill, the impairment of investments in subsidiaries and the recoverability of group debtors.

CapsuleCRM Inc (USA) and MPZMail Limited are wholly owned subsidiaries of the company.

All amounts shown in debtors fall due for payment within one year.

The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified.