Mazepoint Ltd.

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—6

1. General Information

Mazepoint Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 03523502 . The registered office is 7 Fulham Business Exchange, Imperial Wharf, London, SW6 2TL.

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

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.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Separately acquired trademarks and licences are shown at historical cost. Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Trademark

Amortisation method and rate

3.29% reducing balance

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:

Fixtures & Fittings	25% reducing balance
Computer Equipment	15% reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Mazepoint Ltd.

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not discounted.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction where they are subsequently carried at amortised cost using effective interest method. Financial liabilities that constitute a financing transaction are measured at present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not discounted.

Debt instruments are subsequently carried at amortised cost using effective interest rate method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in ordinary course of business from suppliers. Amounts payable under trade creditors classified as current liabilities if payment is due within one year or less. If not they presented as non-current liabilities. Trade creditors recognised initially at transaction price and subsequently measured amortised cost using effective interest method.

2.7. 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.

2.8. 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.

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Mazepoint Ltd.

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2025: 15)

4. Intangible Assets

	Total
	£
Cost
As at 1 April 2025	68,971

As at 31 March 2026	68,971

Amortisation
As at 1 April 2025	16,979
Provided during the period	3,189

As at 31 March 2026	20,168

Net Book Value
As at 31 March 2026	48,803

As at 1 April 2025	51,992

5. Tangible Assets

	Total
	£
Cost
As at 1 April 2025	563,172
Additions	4,122
Disposals	(95,217 )

As at 31 March 2026	472,077

Depreciation
As at 1 April 2025	471,273
Provided during the period	25,632
Disposals	(89,902 )

As at 31 March 2026	407,003

Net Book Value
As at 31 March 2026	65,074

As at 1 April 2025	91,899

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Mazepoint Ltd.

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2026

6. Investments

	Total
	£
Cost or Valuation
As at 1 April 2025	105
Disposals	(105 )

As at 31 March 2026	-

Provision
As at 1 April 2025	-

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	105

7. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
100 Ordinary A shares of £ 0.020 each	2	2
60 Ordinary B shares of £ 1.000 each	60	60
60 Ordinary C shares of £ 1.000 each	60	60
90 Ordinary D shares of £ 1.000 each	90	90
1 Ordinary E shares of £ 1.000 each	1	1
173,000 Ordinary F shares of £ 0.001 each	173	203

	386	416

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		48,803		51,992
Tangible Assets	5		65,074		91,899
Investments	6		-		105

			113,877		143,996
CURRENT ASSETS
Debtors		414,558		375,022
Cash at bank and in hand		571,310		312,813

		985,868		687,835
Creditors: Amounts Falling Due Within One Year		(632,144 )		(658,841 )

NET CURRENT ASSETS (LIABILITIES)			353,724		28,994

TOTAL ASSETS LESS CURRENT LIABILITIES			467,601		172,990

Creditors: Amounts Falling Due After More Than One Year			(35,000 )		(94,940 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(16,268 )		(19,164 )

NET ASSETS			416,333		58,886

CAPITAL AND RESERVES
Called up share capital	7		386		416
Share premium account			5,111		5,106
Profit and Loss Account			410,836		53,364

SHAREHOLDERS' FUNDS			416,333		58,886