Company No: 06825906 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	William Samuel Arrowsmith
	Simon Dominic Ingram
	Paula Jayne Miller

SECRETARY

Paula Jayne Miller

REGISTERED OFFICE	1 Fore Street Avenue
	C/O Praxis
	London
	EC2Y 9DT
	United Kingdom

COMPANY NUMBER

06825906 (England and Wales)

ACCOUNTANT	Praxis
	1 Fore Street Avenue
	London
	EC2Y 9DT
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	92,160		132,312
Investments	5	2		2
		92,162		132,314
Current assets
Debtors	6	258,165		163,148
Cash at bank and in hand		72,964		103,140
		331,129		266,288
Creditors: amounts falling due within one year	7	( 84,683)		( 55,724)
Net current assets		246,446		210,564
Total assets less current liabilities		338,608		342,878
Creditors: amounts falling due after more than one year	8	( 834)		( 10,833)
Net assets		337,774		332,045
Capital and reserves
Called-up share capital	9	471		471
Share premium account		77,215		77,215
Profit and loss account		260,088		254,359
Total shareholders' funds		337,774		332,045

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Ionoco Holdings Limited (registered number: 06825906) were approved and authorised for issue by the Board of Directors on 04 August 2026. They were signed on its behalf by:

Paula Jayne Miller 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

Ionoco Holdings Limited (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 1 Fore Street Avenue, C/O Praxis, London, EC2Y 9DT, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

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 Statement of Income and Retained Earnings 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

5 - 10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 - 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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 amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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 the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

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

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at X.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

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

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 January 2025	428,700		428,700
Additions	4,988		4,988
At 31 December 2025	433,688		433,688
Accumulated amortisation
At 01 January 2025	296,388		296,388
Charge for the financial year	45,140		45,140
At 31 December 2025	341,528		341,528
Net book value
At 31 December 2025	92,160		92,160
At 31 December 2024	132,312		132,312

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2025	65,956		65,956
At 31 December 2025	65,956		65,956
Accumulated depreciation
At 01 January 2025	65,956		65,956
At 31 December 2025	65,956		65,956
Net book value
At 31 December 2025	0		0
At 31 December 2024	0		0

5. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 January 2025	625
At 31 December 2025	625
Provisions for impairment
At 01 January 2025	623
At 31 December 2025	623
Carrying value at 31 December 2025	2
Carrying value at 31 December 2024	2

	Total
	£
Cost or valuation before impairment
At 01 January 2025	0
At 31 December 2025	0
Carrying value at 31 December 2025	0
Carrying value at 31 December 2024	0

The company held a 20% shareholding in RTAD Limited, which was classified as an associate due to the significant influence exerted over the financial and operating policies of the associate. RTAD Limited was dissolved during the year.

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.12.2025	Ownership 31.12.2024
RTAD Limited	C/O Praxis, 1 Poultry, London, United Kingdom, EC2R 8EJ	Software development	Ordinary	0.00%	0.00%
PATH Productions Limited	C/O Praxis, 1 Poultry, London, United Kingdom, EC2R 8EJ	Software development	Ordinary	100.00%	100.00%
Munty Towers Software Limited	C/O Praxis, 1 Poultry, London, United Kingdom, EC2R 8EJ	Software development	Ordinary	100.00%	100.00%
Ionoco, Inc.	10845 Vanowen Street, Suite G, North Hollywood, CA91605	Software development	Ordinary	0.00%	0.00%

The company disposed of its investment in Ionoco Inc on 31 December 2024.

6. Debtors

	2025		2024
	£		£
Amounts owed by own subsidiaries	106,221		138,291
Amounts owed by connected persons	23,259		1,411
Amounts owed by related parties	63,162		0
Other debtors	65,523		23,446
	258,165		163,148

The amounts owed by connected persons relate to Content Vault Limited . This is a entity in which a director of the company has significant influence. The amounts are repayable on demand and do not bear interest.

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,000		10,000
Trade creditors	9,619		16,275
Amounts owed to associates	32,597		0
Other creditors	32,467		29,449
	84,683		55,724

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	834		10,833

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
34,002 Ordinary A shares of £ 0.01 each	340		340
13,100 Ordinary B shares of £ 0.01 each	131		131
	471		471

10. Financial commitments

The Company had no material capital commitments at the year ended 31 December 2025.

11. Related party transactions

Other related party transactions

	2025		2024
	£		£
Purchases	62,883		0
Sales	208,649		57,026

The purchases and sales transactions in the year relate to Ionoco Corporate Events Inc and Ionoco Inc. These are both entities in which the Directors of the company has significant influence.

12. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.