REGISTERED NUMBER: 02683152 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SOFTLINK EUROPE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R Bacchus

Mr B Beattie

Mr N J Godfrey

Mr C A McAlister

Mr M Vujicic

REGISTERED OFFICE:

Eden House

Two Rivers Business Park

Witney

Oxfordshire

OX28 4BL

REGISTERED NUMBER:

02683152 (England and Wales)

SENIOR STATUTORY AUDITOR:

Philip Burton BSc FCA

AUDITORS:

Bronsens Accountants Limited

Chartered Certified Accountants

Statutory Auditors

Eden House

Two Rivers Business Park

Witney

Oxfordshire

OX28 4BL

FIXED ASSETS

Intangible assets

4

20,470

20,112

Tangible assets

5

-

-

Investments

6

393,344

-

413,814

20,112

CURRENT ASSETS

Debtors

7

1,757,032

1,505,568

Cash at bank and in hand

205,280

136,314

1,962,312

1,641,882

CREDITORS

Amounts falling due within one year

8

1,767,524

1,187,236

NET CURRENT ASSETS

194,788

454,646

TOTAL ASSETS LESS CURRENT LIABILITIES

608,602

474,758

PROVISIONS FOR LIABILITIES

9

4,730

4,556

NET ASSETS

603,872

470,202

CAPITAL AND RESERVES

Called up share capital

80

80

Share premium

100,514

100,514

Capital redemption reserve

40

40

Retained earnings

503,238

369,568

SHAREHOLDERS' FUNDS

603,872

470,202

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2026 and were signed on its behalf by:

Mr N J Godfrey - Director

1.	STATUTORY INFORMATION

Softlink Europe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's principal activity is that of information technology service providers. The financial statements are presented in pound sterling (£), which is the functional currency of the company and rounded to the nearest £.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Preparation of consolidated financial statements

The financial statements contain information about Softlink Europe Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Revenue from customer support and maintenance is recognised on a straight line basis over the period of the customer support and maintenance agreement.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Capitalised Commissions Optional Maintenance are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

25% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

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 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities, but for the purpose of the Statement of Cash Flows bank overdrafts are considered part of cash equivalents as they are payable on demand and form an integral part of the company's cash management.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Capitalised

Commissions

Optional

Maintenance

£

COST

At 1 January 2025

46,676

Additions

15,588

Disposals

(5,401

)

At 31 December 2025

56,863

AMORTISATION

At 1 January 2025

26,564

Amortisation for year

15,230

Eliminated on disposal

(5,401

)

At 31 December 2025

36,393

NET BOOK VALUE

At 31 December 2025

20,470

At 31 December 2024

20,112

5.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Computer

equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

1,279

3,614

29,338

34,231

Disposals

(1,279

)

(3,614

)

(29,338

)

(34,231

)

At 31 December 2025

-

-

-

-

DEPRECIATION

At 1 January 2025

1,279

3,614

29,338

34,231

Eliminated on disposal

(1,279

)

(3,614

)

(29,338

)

(34,231

)

At 31 December 2025

-

-

-

-

NET BOOK VALUE

At 31 December 2025

-

-

-

-

At 31 December 2024

-

-

-

-

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

393,344

At 31 December 2025

393,344

NET BOOK VALUE

At 31 December 2025

393,344

On the 16 May 2025, Softlink Europe Ltd acquired 100% of the issued share capital in Aprais Ltd, a company registered in England and Wales.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

174,332

240,730

Amounts owed by group undertakings

1,008,774

1,015,124

Other debtors

372

1,156

Volaris Group Australia Pty Ltd

488,824

238,830

Tax

53,895

-

Prepayments

30,835

9,728

1,757,032

1,505,568

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

2,220

4,943

Amounts owed to group undertakings

324,658

10,369

Tax

-

56,744

Social security and other taxes

12,011

8,089

VAT

64,478

39,110

Other creditors

196,050

7,175

Accruals and deferred income

1,168,107

1,060,806

1,767,524

1,187,236

9.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

Accelerated capital allowances

(387

)

(472

)

Other timing differences

5,117

5,028

4,730

4,556

Deferred

tax

£

Balance at 1 January 2025

4,556

Charge to Income Statement during year

174

Balance at 31 December 2025

4,730

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philip Burton BSc FCA (Senior Statutory Auditor)

for and on behalf of Bronsens Accountants Limited

11.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension charge represents contributions made by the company to the fund.

2025

2024

£

£

Contributions payable by the company for the year

10,231

9,053

At the 31 December 2025 £2,573 (2024 - £1,848) was outstanding and is included in other creditors.

12.	ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Softlink International Pty Limited, a company registered in Australia.

Constellation Software Inc. (incorporated in Canada) is regarded by the directors as being the company's ultimate parent company.

Consolidated accounts are available from Constellation Software Inc. 1200-20 Adelaide Street East, Toronto, ON M5C 2T6, Canada.