REGISTERED NUMBER: 04085243 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2025 TO 31 DECEMBER 2025

FOR

APRAIS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R Bacchus

Ms M De Livera

Mr S Lopes

REGISTERED OFFICE:

Bronsens Accountants Limited Eden House

Two Rivers Business Park

Witney

Oxfordshire

OX28 4BL

REGISTERED NUMBER:

04085243 (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

391,750

416,790

Tangible assets

5

10

1,508

391,760

418,298

CURRENT ASSETS

Stocks

17,271

56,165

Debtors

6

364,246

132,435

Cash at bank and in hand

105,373

446,430

486,890

635,030

CREDITORS

Amounts falling due within one year

7

334,151

166,580

NET CURRENT ASSETS

152,739

468,450

TOTAL ASSETS LESS CURRENT LIABILITIES

544,499

886,748

PROVISIONS FOR LIABILITIES

8

8,315

73,344

NET ASSETS

536,184

813,404

CAPITAL AND RESERVES

Called up share capital

9

32

32

Retained earnings

536,152

813,372

SHAREHOLDERS' FUNDS

536,184

813,404

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 R Bacchus - Director

1.	STATUTORY INFORMATION

Aprais 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 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.

Following the change in control the company shortened its accounting period to 31 December from 31 March to align it with other group companies. As such the comparatives are not entirely comparable.

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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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

Intangible assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative

impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

Straight line over 5 years

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation

Taxation for the period 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.

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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. 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.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice 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.

Bank 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 period was 9 (2025 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 April 2025

and 31 December 2025

3,501,085

AMORTISATION

At 1 April 2025

3,084,295

Amortisation for period

25,040

At 31 December 2025

3,109,335

NET BOOK VALUE

At 31 December 2025

391,750

At 31 March 2025

416,790

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2025

2,488

106,895

109,383

Disposals

(846

)

(2,238

)

(3,084

)

At 31 December 2025

1,642

104,657

106,299

DEPRECIATION

At 1 April 2025

2,478

105,397

107,875

Charge for period

-

395

395

Eliminated on disposal

(846

)

(1,135

)

(1,981

)

At 31 December 2025

1,632

104,657

106,289

NET BOOK VALUE

At 31 December 2025

10

-

10

At 31 March 2025

10

1,498

1,508

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.3.25

(Unaudited)

£

£

Trade debtors

31,603

84,419

Amounts owed by group undertakings

315,960

-

Other debtors

5,482

11,090

VAT

-

4,705

Prepayments

11,201

32,221

364,246

132,435

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.3.25

(Unaudited)

£

£

Trade creditors

20,657

32,604

Amounts owed to group undertakings

33,009

-

Social security and other taxes

14,981

18,178

VAT

5,682

-

Other creditors

5,916

1,583

Accruals and deferred income

253,906

114,215

334,151

166,580

8.	PROVISIONS FOR LIABILITIES

31.12.25

31.3.25

(Unaudited)

£

£

Deferred tax

Accelerated capital allowances

74,434

79,477

Tax losses carried forward

(66,119

)

(6,133

)

8,315

73,344

Deferred

tax

£

Balance at 1 April 2025

73,344

Credit to Income Statement during period

(65,029

)

Balance at 31 December 2025

8,315

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.3.25

value:

£

£

3,240

Ordinary

1p

32

32

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.

31.12.25

31.3.25

£

£

Contributions payable by the company for the year

5,382

10,373

At the 31 December 2025 £1,425 (31 March 2025 - £1,583) was outstanding and is included in other creditors.

12.	ULTIMATE CONTROLLING PARTY

Following the sale of the company's shares in May 2025, Softlink Europe Ltd became the company's immediate parent company by virtue of its shareholding.

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 MSC 2T6, Canada.