Company No: 11742692 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Current assets
Debtors
- due within one year	3	627,401		292,808
- due after more than one year	3	487,253		322,200
Cash at bank and in hand	4	1,047,543		953,339
		2,162,197		1,568,347
Creditors: amounts falling due within one year	5	( 1,024,228)		( 587,314)
Net current assets		1,137,969		981,033
Total assets less current liabilities		1,137,969		981,033
Net assets		1,137,969		981,033
Capital and reserves
Called-up share capital	6	1,000		1,000
Profit and loss account		1,136,969		980,033
Total shareholders' funds		1,137,969		981,033

For the financial year 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:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Obelis UK Ltd (registered number: 11742692) were approved and authorised for issue by the Board of Directors on 02 September 2026. They were signed on its behalf by:

G Elkayam Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Obelis UK Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sandford Gate, East Point Business Park, Oxford, OX4 6LB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	1		0

3. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Trade debtors	362,775		204,496
Amounts owed by associates	0		81,100
Prepayments and accrued income	256,165		0
VAT recoverable	838		0
Other debtors	7,623		7,212
	627,401		292,808
Debtors: amounts falling due after more than one year
Amounts owed by associates	487,253		322,200

4. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	1,047,543		953,339

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	17,195		18,168
Amounts owed to directors	3,717		3,717
Accruals and deferred income	653,500		273,407
Taxation and social security	54,506		24,477
Other creditors	295,310		267,545
	1,024,228		587,314

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000		1,000

7. Financial commitments

Commitments

	2025		2024
	£		£
Total future minimum lease payments under non-cancellable operating leases	10,098		9,870

8. Related party transactions

The subcontracted costs, a portion of the consultancy fees and rent are recharged to Obelis UK from a company in Belgium. This company is also controlled by the controlling director in Obelis UK, Mr G Elkayam. All transactions are under normal market conditions on an arm's length basis.