GrapeData Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the directors on the preparation of the unaudited statutory accounts of GrapeData Limited For The Year Ended 28 February 2026

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of GrapeData Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of GrapeData Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of GrapeData Limited and state those matters that we have agreed to state to the directors of GrapeData Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GrapeData Limited and its directors as a body for our work or for this report.

It is your duty to ensure that GrapeData Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of GrapeData Limited . You consider that GrapeData Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of GrapeData Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Robert Fiford FCCA

28/08/2026

dines Accountancy Limited

ACCA

Edinburgh House

170 Kennington Lane

London

SE11 5DP

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GrapeData Limited

Balance Sheet

As At 28 February 2026

Balance Sheet

Registered number: 11187265

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,095		2,111

			1,095		2,111
CURRENT ASSETS
Debtors	5	519,434		505,297
Investments	6	1,819		1,819
Cash at bank and in hand		18,814		49,248

		540,067		556,364
Creditors: Amounts Falling Due Within One Year	7	(478,129 )		(385,330 )

NET CURRENT ASSETS (LIABILITIES)			61,938		171,034

TOTAL ASSETS LESS CURRENT LIABILITIES			63,033		173,145

Creditors: Amounts Falling Due After More Than One Year	8		(536,691 )		(429,078 )

NET LIABILITIES			(473,658 )		(255,933 )

CAPITAL AND RESERVES
Share premium account			4,496,946		4,496,946
Fair value reserve	11		118,356		109,932
Profit and Loss Account			(5,088,960 )		(4,862,811 )

SHAREHOLDERS' FUNDS			(473,658)		(255,933)

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GrapeData Limited

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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 G Perotta

Director

27/08/2026

The notes on pages 4 to 7 form part of these financial statements.

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GrapeData Limited

Notes to the Financial Statements

For The Year Ended 28 February 2026

Notes to the Financial Statements

1. General Information

GrapeData Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11187265 . The registered office is 3 Waterhouse Square, London, EC1N 2SW.

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 financial statements have been prepared on a going concern basis. The company has experienced periods of net liabilities and has relied on shareholder support.

The directors have reviewed cash flow forecasts and have taken steps to manage expenditure and support revenue growth. Based on this assessment, they are satisfied that the company will be able to continue trading for at least 12 months from the date the accounts are signed.

The directors acknowledge that the company faces ongoing trading challenges. The financial statements do not include adjustments that would arise if the company were unable to continue as a going concern.

2.3. Turnover

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33% on cost

2.5. 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.

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GrapeData Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Share based payments

The company operates an approved Enterprise Management Incentives scheme ("EMI”). The purpose of this plan is to incentivise and remunerate the company’s employees. This scheme meets the definition of an equity settled share-based payment scheme.

Estimating fair value for share-based compensation transactions requires determination of the most appropriate valuation model, which depends on the terms and conditions of the grant. This estimate also requires determination of the most appropriate inputs to the valuation model including the expected life of the share awards, volatility and dividend yield and making assumptions about them. The Company measures the fair value of equity-settled transactions with employees at the grant date using a Black-Scholes Model.

The fair value of the awards is recognised as an expense in the Profit and Loss Account over the vesting period. The cumulative expense at each reporting date is based on the total number of awards that are expected to vest, taking into account the service conditions and any non-market performance conditions such that the total cumulative amount recognised as an expense over the vesting period is based on the number of options that eventually vest. The Company has to estimate the expected yearly percentage of employees that will stay within the Company at the end of the vesting period of the share awards in order to determine the amount of share-based compensation expense charged to the Profit and Loss Account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2025: 13)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 March 2025	44,337
Additions	799
Disposals	(1,968 )

As at 28 February 2026	43,168

...CONTINUED

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GrapeData Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

Depreciation
As at 1 March 2025	42,226
Provided during the period	1,815
Disposals	(1,968 )

As at 28 February 2026	42,073

Net Book Value
As at 28 February 2026	1,095

As at 1 March 2025	2,111

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	40,628	86,593
Prepayments and accrued income	124,591	131,164
Other debtors	9,266	9,314
Factored debts outstanding	268,297	265,689
Corporation tax recoverable assets	62,269	-
VAT	1,312	-
Amounts owed by group undertakings	13,071	12,537

	519,434	505,297

6. Current Asset Investments

	2026	2025
	£	£
Shares in subsidiaries	1,819	1,819

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	60,122	101,587
Bank loans and overdrafts	124,756	118,519
Other taxes and social security	18,637	27,839
VAT	-	8,728
Other creditors	1,934	2,979
Invoice factoring advance	168,955	25,857
Accruals and deferred income	73,367	77,439
Directors' loan accounts	1,180	1,180
Amounts owed to group undertakings	29,178	21,202

	478,129	385,330

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

	2026	2025
	£	£
Bank loans	536,691	429,078

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GrapeData Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

9. Share Capital

	2026		2025
	£		£

Share Capital

Number	Nominal Value	2026	2025
173,960	0.000001	£0.17	£0.17

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	32,375	30,480
Later than one year and not later than five years	8,163	38,100

	40,538	68,580

11. Reserves

	Share Premium	Other reserves	Fair value reserve	Profit and Loss Account
	£	£	£	£
As at 1 March 2025	4,496,946	-	109,932	(4,862,811 )
Loss for the year and total comprehensive income	-	-	-	(226,149 )

Movements in share option fair value reserve	-	-	8,424	-

As at 28 February 2026	4,496,946	-	118,356	(5,088,960 )

Share Options Fair Value Reserve

The Company issues equity-settled share-based payment awards to certain employees. Equity-settled share-based payments are measured at fair value (excluding the effect of non-market performance vesting conditions) at the date of grant. The fair value determined at the grant date of the equity-settled share-based payments is expensed on a straight-line basis over the vesting period, based on the Company's estimate of the number of awards that will eventually vest and adjusted for the effect of non-market-based vesting conditions.

All options granted have performance conditions relating to the relevant employee remaining in the employment of the company at the vesting date. The options will vest monthly over a period of 3 years with acceleration. If not exercised the share options will lapse 40 days after a sale or exit event, or on the tenth anniversary of the date of the grant. Unvested share options will lapse where an employee leaves the Company subject to the directors' discretion.

The company is unable to directly measure the fair value of employee services received. Instead the fair value of the share options granted during the year is determined using the Black-Scholes model. The model is internationally recognised as being appropriate to value employee share schemes similar to the All-employee and Key-employee schemes.

Share options are exercisable at a price determined through each individual option agreement. Options are exercisable once they have vested and the employee meets the Rules of the Scheme set out in the Option Holder's Option Documentation. Options are also exercisable in either the event of a sale or listing of the company or if the employee meets the requirement of a "good leaver". When exercised the share options are settled in equity. If the options remain unexercised after a period of 10 years from the date of grant, the options expire. Vested share options will lapse 90 days after an employee leaves the company and unvested share options will lapse immediately upon leaving employment, subject to the directors' discretion.

The total number of options granted as at the balance sheet date were 25,279 (2025: 23,207), of which 25,279 (2025: 23,207) had vested. The total expense in relation to the equity settled schemes which has been recognised in the Profit and Loss Account for the period is £8,424 (2025: -£504,237).

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