Hyscore Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Hyscore Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13152649 . The registered office is C/O Azets Burnham Yard, London End, Beaconsfield, Buckinghamshire, HP9 2JH.

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 Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have considered the company’s financial position and its ability to continue as a going concern. Notwithstanding net liabilities of £39,705 at the year end (2025: net assets of £163,172), the directors consider it appropriate to prepare the financial statements on a going concern basis.

The company commenced generating income during the year, with revenue continuing to increase, and further funds were raised subsequent to the year end, as detailed in the Post Balance Sheet Events note. The directors have also considered detailed cash flow projections covering a period of up to five years and are satisfied that the company will have adequate resources to meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements.

Accordingly, the directors consider that the going concern basis of preparation remains appropriate.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of value added tax and trade discounts.

Turnover comprises income from subscriptions for the use of the company’s software and hardware and one-off set-up fees.

Subscription income is recognised on a straight-line basis over the period to which the subscription relates. Where subscriptions are invoiced in advance, amounts relating to future periods are recognised as deferred income and released to turnover over the relevant subscription period.

Set-up fees are recognised as turnover when the related set-up services have been completed.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Client lists - 10 years straight line

2.5. Research and Development

Expenditure on research activities is recognised within profit or loss as an expense is incurred.

2.6. Tangible Fixed Assets and Depreciation

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:

Plant & Machinery

5 years straight line

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Hyscore Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Financial Instruments

Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

2.8. 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.

2.9. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss.

2.10. 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.

2.11. Government Grant

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met.

Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2.12. Share based payment

The grant date fair value of share-based payments awards granted to employees is recognised as an employee expense, with a corresponding increase in equity, over the period in which the employees become unconditionally entitled to the awards. The fair value of the awards granted is measured using an option valuation model, taking in to account the terms and conditions upon which the awards were granted. The amount recognised as an expense is adjusted to reflect the actual number of awards for which the related service and non-market vesting conditions are expected to be met, such that the amount ultimately recognised as an expense is based on the number of awards that do not meet the related service and non-market performance conditions at the vesting date. For share-based payment awards with non-vesting conditions, the grant date fair value of the share-based payment is measured to reflect such conditions and there is no true-up for differences between expected and actual outcomes.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 2 (2025: 2)

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Hyscore Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2025	34

As at 31 March 2026	34

Amortisation
As at 1 April 2025	13
Provided during the period	4

As at 31 March 2026	17

Net Book Value
As at 31 March 2026	17

As at 1 April 2025	21

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2025	2,292

As at 31 March 2026	2,292

Depreciation
As at 1 April 2025	650
Provided during the period	458

As at 31 March 2026	1,108

Net Book Value
As at 31 March 2026	1,184

As at 1 April 2025	1,642

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	22,559	-
Other debtors	43,386	15,468

	65,945	15,468

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Hyscore Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	16,873	14,937
Other loans	93,861	-
Other creditors	39,824	14,739
Taxation and social security	7,025	4,115

	157,583	33,791

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	245	245

9. Pension Commitments

The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £514 (2025: £197) were due to the fund. They are included in Other Creditors.

10. Post Balance Sheet Events

On 24 April 2026, the Company allotted 435,943 ordinary shares of £0.0001 each, raising total proceeds of £143,861.

11. Share Based Payment

The company operates an equity based share option scheme to certain employees which provides additional remuneration for those who are key to the company. The options are granted under an approved EMI scheme, with the exercise price of £0.0001. The options expire five years after the date of the grant. Option holders are not entitled to dividends until the shares are exercised. All EMI options granted have performance conditions relating to the relevant employee remaining in the employment of the company at exercise.

A reconciliation of share option movements during the year ended 31 March 2026 is shown below:

Number of options - Weighted average exercise price

Outstanding as at 1 April 2025: Nil - £Nil (2025: Nil - £Nil)

Granted during the year: 602,100 - £0.0001 (2025: Nil - £Nil)

Forfeited during the year: Nil - £Nil (2025: Nil - £Nil)

Exercised during the year: Nil - £Nil (2025: Nil - £Nil)

Outstanding as at 31 March 2026: 602,100 - £0.0001 (2025: Nil - £Nil)

Equity settled schemes - charges arising: £144,454 (2025: £Nil)

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		17		21
Tangible Assets	5		1,184		1,642

			1,201		1,663
CURRENT ASSETS
Debtors	6	65,945		15,468
Cash at bank and in hand		50,732		179,832

		116,677		195,300
Creditors: Amounts Falling Due Within One Year	7	(157,583 )		(33,791 )

NET CURRENT ASSETS (LIABILITIES)			(40,906 )		161,509

TOTAL ASSETS LESS CURRENT LIABILITIES			(39,705 )		163,172

NET (LIABILITIES)/ASSETS			(39,705 )		163,172

CAPITAL AND RESERVES
Called up share capital	8		245		245
Share premium account			554,570		554,570
Share options reserve			144,455		-
Profit and Loss Account			(738,975 )		(391,643 )

SHAREHOLDERS' FUNDS			(39,705)		163,172