Ramon.Space UK Ltd

	Page
Balance Sheet	1
Statement of Changes in Equity	2
Notes to the Financial Statements	3—6

	Share Capital	Other reserves	Profit and Loss Account	Total
	£	£	£	£
As at 1 January 2024	1	-	-	1
Profit for the year and total comprehensive income	-	-	170,738	170,738

Movements in other reserves	-	1,295	-	1,295

As at 31 December 2024 and 1 January 2025	1	1,295	170,738	172,034


Profit for the year and total comprehensive income	-	-	946,875	946,875

Movements in other reserves	-	7,170	-	7,170

As at 31 December 2025	1	8,465	1,117,613	1,126,079

1. General Information

Ramon.Space UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14647869 . The registered office is 20 Alan Turing Road, Surrey Research Park, Guildford, England, GU2 7YF.

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, The Financial Reporting Standard applicable in the UK and Republic of Ireland,

and the provisions of the Companies Act 2006 applicable to companies subject to the small companies regime.

The financial statements are presented in sterling, which is the company’s functional and presentation currency, and

amounts are rounded to the nearest £.

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

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. Tangible Fixed Assets and Depreciation

The depreciation rates for plant and machinery and fixtures and fittings were reviewed during the year and amended to better reflect their estimated useful economic lives. The revised rates of 33.33% and 7% respectively have been applied prospectively as a change in accounting estimate

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:

Leasehold	10% Straight line
Plant & Machinery	33.33% Straight line
Fixtures & Fittings	7% Straight line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. 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.

2.6. Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial

year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance

Sheet date.

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Ramon.Space UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Share-based payments

The Company's employees participate in a share option scheme operated by Ramon Space Ltd, the ultimate parent undertaking. Awards granted under this scheme are equity-settled. The fair value of the awards at grant date is recognised over the vesting period as an employee benefit expense, with a corresponding increase in equity representing a capital contribution from the parent undertaking.

Fair value is measured using the Black-Scholes Pricing Model. The expected life used in the model has been adjusted, based on management's best estimate, for the effects of non-transferability, exercise restrictions and behavioural considerations.

Where the terms of an equity-settled transaction are modified, as a minimum an expense is recognised as if the terms had not been modified. In addition, an expense is recognised for any increase in the value of the transaction as a result of the modification, as measured at the date of modification.

Where an equity-settled transaction is cancelled, it is treated as if it had vested on the date of the cancellation, and any expense not yet recognised for the transaction is recognised immediately. However, if a new transaction is substituted for the cancelled transaction, and designated as a replacement transaction on the date that it is granted, the cancelled and new transactions are treated as if they were a modification of the original transaction, as described in the previous paragraph.

2.9. Change in accounting policy

During the year management changed the technique used to estimate accruals for goods and services received but not invoiced at the balance sheet date. Previously, open purchase orders were used as a basis for estimating these amounts. Accruals are now recognised only where there is sufficient evidence that the goods or services had been received by the balance sheet date and a liability incurred, supported by invoices received after the year end or equivalent evidence of delivery. The change has been accounted for prospectively as a change in accounting estimate and comparative amounts have not been restated.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2024: 3)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2025	-	7,071	22,644	29,715
Additions	37,654	395,206	30,122	462,982

As at 31 December 2025	37,654	402,277	52,766	492,697

Depreciation
As at 1 January 2025	-	855	1,713	2,568
Provided during the period	10	42,220	1,595	43,825

As at 31 December 2025	10	43,075	3,308	46,393

Net Book Value
As at 31 December 2025	37,644	359,202	49,458	446,304

As at 1 January 2025	-	6,216	20,931	27,147

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Ramon.Space UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Stocks

	2025	2024
	£	£
Stock	-	288,088

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	49,984	2,693,714
Prepayments and accrued income	1,204,377	124,582
Other debtors	23,738	7,629
Corporation tax recoverable assets	585,248	83,953
VAT	172,283	-

	2,035,630	2,909,878

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	328,326	447,938
Other taxes and social security	76,755	23,484
VAT	-	94,215
Pension control	13,316	2,965
Credit Card	-	1,403
Accruals and deferred income	161,786	296,811
Amounts owed to parent undertaking	1,943,423	3,671,551

	2,523,606	4,538,367

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

9. Related Party Transactions

During the year, the company entered into transactions with group undertakings under common control. At 31 December 2025, amounts owed to group undertakings comprised £1,943,423 due to Ramon Space Ltd, Israel, the company’s parent company.

	2025	2024
	£	£

Ramon Space Ltd	1,943,423	3,671,551

The balances are unsecured, interest-free and repayable on demand.

10. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

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Ramon.Space UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Audit Information

The auditor's report on the accounts of Ramon.Space UK Ltd for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Benjamin Allen (Senior Statutory Auditor) for and on behalf of Glazers Chartered Accountants , Statutory Auditor.

Glazers Chartered Accountants

843 Finchley Rd

London

NW11 8NA

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		446,304		27,147

			446,304		27,147
CURRENT ASSETS
Stocks	5	-		288,088
Debtors	6	2,035,630		2,909,878
Cash at bank and in hand		1,167,751		1,485,288

		3,203,381		4,683,254
Creditors: Amounts Falling Due Within One Year	7	(2,523,606 )		(4,538,367 )

NET CURRENT ASSETS (LIABILITIES)			679,775		144,887

TOTAL ASSETS LESS CURRENT LIABILITIES			1,126,079		172,034

NET ASSETS			1,126,079		172,034

CAPITAL AND RESERVES
Called up share capital	8		1		1
Other reserves			8,465		1,295
Profit and Loss Account			1,117,613		170,738

SHAREHOLDERS' FUNDS			1,126,079		172,034