Clarion Communication Systems Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

1. General Information

Clarion Communication Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04693409 . The registered office is 50 Seymour Street, London, W1H 7JG.

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 financial statements have been prepared on a going concern basis notwithstanding the Company has net liabilities of £1,266,640 (2024: £1,061,110) at the period end. The parent company has agreed to provide financial support to the Company to the extent necessary to enable the Company to meet its obligations as they fall due for at least 12 months from the date of these financial statements.

The directors therefore consider that the going concern basis is appropriate to the preparation of these financial statements.

2.3. 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 has 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.

2.4. 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	25% straight line
Fixtures & Fittings	25% straight line
Computer Equipment	25% straight line

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Clarion Communication Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. 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.

2.6. 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.

2.7. Taxation

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

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 year 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2024: 14)

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Clarion Communication Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	105,303	48,128	153,431
Additions	-	5,767	5,767
Disposals	-	(1,522 )	(1,522 )

As at 31 December 2025	105,303	52,373	157,676

Depreciation
As at 1 January 2025	18,045	14,894	32,939
Provided during the period	26,326	12,400	38,726
Disposals	-	(1,522 )	(1,522 )

As at 31 December 2025	44,371	25,772	70,143

Net Book Value
As at 31 December 2025	60,932	26,601	87,533

As at 1 January 2025	87,258	33,234	120,492

5. Stocks

	2025	2024
	£	£
Finished goods	88,499	131,301

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	344,969	209,910
Prepayments and accrued income	182,246	50,612
Other debtors	-	181
Corporation tax recoverable assets	35,852	57,000
Amounts owed by group undertakings	3,399	336
Amounts owed by associated companies	7,748	9,570

	574,214	327,609

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Clarion Communication Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	513,877	253,750
Bank loans and overdrafts	9,339	16,000
Other taxes and social security	17,307	6,383
VAT	61,531	19,995
Other creditors	1,681	1,453
Accruals	210,409	266,352

	814,144	563,933

The loan consists of an unsecured Coronavirus Business Interruption Loan of £80,000, which has an interest rate of 2.99% above the Bank of England base rate. The loan is to be repaid over 5 years, commencing from November 2021.

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	9,350
Amounts owed to group undertaking	879,831	759,720
Amounts owed to associated companies	350,817	350,817

	1,230,648	1,119,887

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	16,312	-

10. Share Capital

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

11. Related Party Transactions

Controlling party

For the year ended 31 December 2025, the company was 60% owned by Poscode Ltd.

The company was under the control of Poscode Ltd throughout the year.

Intercompany transactions and loans

...CONTINUED

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Clarion Communication Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Related Party Transactions - continued

During the year, the following transactions took place with Poscode Ltd:

At 31 December 2025, £879,831 (2024: £759,720) was owed by Clarion Communication Systems Limited to Poscode Limited through Loans. An additional £57,271 (2024: £nil) was owed to Poscode Ltd through Aged Payables.

At 31 December 2025, £3,399 (2024: £336) was owed by Poscode Limited to Clarion Communication Systems Limited through an intercompany recharge, with an additional £32,526 owed through Aged Receivables.

During the period under review, Clarion Communication Systems Limited charged Poscode Ltd £42,735 (2024: £2,080) for Information Technology services for it and its customers, and £70,000 (2024: £nil) for Intellectual rights.

During the period under review, Poscode Ltd charged Clarion Communication Systems Ltd £3,463 (2024: £nil) for stock, £17,533 (2024: £nil) for consultancy services, £nil (2024: £38,500) for management fees and £nil (2024: £13,033) for interest.

Associated companies

For the year ended 31 December 2025, the company was 40% owned by ISG International Support Group Sarl, of which Francois Amiot was a director. During the year, Francois Amiot was also a director of Clarion Communication Systems Limited.

Intercompany transactions and loans

At 31 December 2025, £350,817 (2024: £350,817) was owed by Clarion Communication Systems Limited to ISG International Support Group Sarl.

For the year ended 31 December 2025, the company was 60% owned by Poscode Ltd, of which Tony Dubucq was a director. During the year Tony Dubucq was also a director of Rhone Trading, Wellcom Services Ltd, Remober, Green Traders, Code Gmbh, Codeo Eastern Europe, and ISG Internation Support Group Sarl.

Intercompany transactions and loans

During the year, the following transactions took place between Clarion Communication Systems Limited and the companies in which Tony Duburcq is a person with significant interest:

During the period under review, Clarion Communication Systems Limited charged Rhone Trading £42,000 (2024: £12,457) for Information Technology services for it and its customers. Rhone Trading charged Clarion Communication Systems Limited £nil (2024: £10,457) for IT equipment for its customers. At 31 December 2025, Rhone Trading had an Aged Receivables balance of £31,752 (2024: £nil) and an Aged Payables balance of £19,347 (2024: £19,345)

During the period under review, Clarion Communication Systems Limited charged Remober £204,454 (2024: £52,678) for Information Technology services for it and its customers. Remober charged Clarion Communication Systems Limited £nil (2024: £348) for commission. At 31 December 2025, Remober had an Aged Receivables balance of £27,015 (2024: £825) and an Aged Payables balance of £4,403 (2024: £486).

As at 31 December 2025, Green Traders had an Aged Receivables balance of £57 (2024: £nil).

During the period under review, Code Gmbh charged Clarion Communication Systems Limited £nil (2024: £10,457) for IT equipment for its customers. At 31 December 2025, Code Gmbh had an Aged Payables balance of £19,347 (2024: £10,457).

During the period under review, Clarion Communication Systems Limited charged Codeo Eastern Europe £365 (2024: £nil) for IT equipment for its customers. At 31 December 2025, Codeo Eastern Europe had an Aged Receivables balance of £365 (2024: £57) and an Aged Payables balance of £57,270 (2024: £nil).

...CONTINUED

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Clarion Communication Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Related Party Transactions - continued

During the year ended 31 December 2025, the Honourable Ben Bradbury was a director of Clarion Communication Systems Limited. The Honourable Ben Bradbury is also a director of Clarion Communication Holdings Limited.

During the year the following transactions took place with Clarion Communication Management Limited and Clarion Communication Information Technology Limited, companies which are 100% owned by Clarion Communication Holdings Limited and in which The Honourable Ben Bradbury is the ultimate controlling party:

At 31 December 2025, £5,490 (2024: £6,600) was owed by Clarion Communication Management Limited to Clarion Communication Systems Limited. Clarion Communication Management Limited had an Aged Receivables balance of £68,512 (2024: £36,696) and an Aged Payables balance of £nil (2024: £108,271).

At 31 December 2025, Clarion Communication Information Technology Limited had an Aged Receivables balance of £2,043 (2024: £1,749) and an Aged Payables balance of £136,763 (2024: £nil).

During the period under review Clarion Communication Systems Limited charged Clarion Communication Information Technology Limited £nil (2024: £126) for Information Technology services for it and its customers.

During the period under review Clarion Communication Systems Limited charged Clarion Communication Management Limited £nil (2024: £6,151) for Information Technology services and hardware for it and its customers.

During the period under review Clarion Communication Information Technology Limited charged Clarion Communication Systems Limited £nil (2024: £9,625) for Information Technology services for it and its customers.

During the period under review Clarion Communication Management Limited charged Clarion Communication Systems Limited £49,800 (2024: £nil) for Accountancy services, £26,673 (2024: £nil) for Computer expenses, £10,436 (2024: £nil) for Insurance, and £2,609 (2024: £nil) for Telecommunications.

12. Audit Information

The auditor's report on the accounts of Clarion Communication Systems Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Statutory Auditor.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		87,533		120,492

			87,533		120,492
CURRENT ASSETS
Stocks	5	88,499		131,301
Debtors	6	574,214		327,609
Cash at bank and in hand		44,218		51,074

		706,931		509,984
Creditors: Amounts Falling Due Within One Year	7	(814,144 )		(563,933 )

NET CURRENT ASSETS (LIABILITIES)			(107,213 )		(53,949 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(19,680 )		66,543

Creditors: Amounts Falling Due After More Than One Year	8		(1,230,648 )		(1,119,887 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(16,312 )		-

NET LIABILITIES			(1,266,640 )		(1,053,344 )

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			(1,266,641 )		(1,053,345 )

SHAREHOLDERS' FUNDS			(1,266,640)		(1,053,344)