ACCOUNTS - Final Accounts preparation

Staff costs were as follows:

Registered number: 07175838

CYBAGE SOFTWARE (UK) LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

CYBAGE SOFTWARE (UK) LIMITED

COMPANY INFORMATION

Directors	Jaikrishnan Karumathil
	Jagat Pal Singh


Registered number	07175838


Registered office	C/O Ballards Newman, Apex House
	Grand Arcade
	Tally Ho Corner
	London,
	England
	N12 0EH


Independent auditors	Focus Somar Audit & Tax Accountants Ltd
	Statutory Auditors
	Apex House
	Grand Arcade
	North Finchley
	London
	N12 0EH

CYBAGE SOFTWARE (UK) LIMITED

CONTENTS

	Page
Directors' report	1 - 2
Independent auditors' report	3 - 6
Profit and loss account	7
Statement of comprehensive income	8
Balance sheet	9
Statement of changes in equity	10 - 11
Notes to the financial statements	12 - 19

CYBAGE SOFTWARE (UK) LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 MARCH 2026

The directors present their report and the financial statements for the year ended 31 March 2026.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Principal activity

The principle activity of the company in the year under review was that of other information technology service activities.

Results and dividends

The profit for the year, after taxation, amounted to £38,286 (2025 - £10,199).

No dividend was proposed or paid during the year.

Directors

The directors who served during the year were:

Jaikrishnan Karumathil

Jagat Pal Singh

Page 1

CYBAGE SOFTWARE (UK) LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Auditors

The auditors, Focus Somar Audit and Tax Accountants Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 7 September 2026 and signed on its behalf.

Jaikrishnan Karumathil

Director

Page 2

CYBAGE SOFTWARE (UK) LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CYBAGE SOFTWARE (UK) LIMITED

Opinion

We have audited the financial statements of CYBAGE SOFTWARE (UK) LIMITED (the 'Company') for the year ended 31 March 2026, which comprise the Profit and loss account, the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 31 March 2026 and of its profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Page 3

CYBAGE SOFTWARE (UK) LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CYBAGE SOFTWARE (UK) LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Directors' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit; or

∙the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic report.

Page 4

CYBAGE SOFTWARE (UK) LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CYBAGE SOFTWARE (UK) LIMITED (CONTINUED)

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- Enquires of management, concerning the company's policies and procedures relating to:
  •Identifying, evaluating and complying with laws and regulations and whether they were aware of any instances
of non-compliance.

- Discussions among the engagement team regarding how and where fraud might occur in the financial
statements and any potential indicators of fraud. In common with all audits under ISAs (UK) we are also required
to perform specific procedures to respond to the risk of management override.
  •Performed analytical procedures to identify any unusual relationships.
  •Tested journal entries to identify unusual transactions

We assess the risk of management override of controls, including testing of journal entries and other
adjustments for appropriateness and evaluating business rationale of significant transactions outside the normal
course of business.

We obtained an understanding of the legal and regulatory frameworks that the company operates in.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Page 5

CYBAGE SOFTWARE (UK) LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CYBAGE SOFTWARE (UK) LIMITED (CONTINUED)

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Krishna Prasad Dahal (Senior statutory auditor)

for and on behalf of

Focus Somar Audit and Tax Accountants Limited

Statutory Auditors

Chartered Certified Accountants

Apex House

Grand Arcade

North Finchley

London

N12 0EH

8 September 2026

Page 6

CYBAGE SOFTWARE (UK) LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2026

	2026	2025
Note	£	£


Turnover		363,196	296,728
Gross profit		363,196	296,728
Administrative expenses		(307,039)	(281,375)
Other operating income		-	3,500
Operating profit	5	56,157	18,853
Interest payable and similar expenses	6	(5,000)	(5,103)
Profit before tax		51,157	13,750
Tax on profit	7	(12,871)	(3,551)
Profit for the financial year		38,286	10,199

The notes on pages 12 to 19 form part of these financial statements.

Page 7

CYBAGE SOFTWARE (UK) LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 MARCH 2026

				2026	2025
			Note	£	£

Profit for the financial year	38,286	10,199
Other comprehensive income
Total comprehensive income for the year	38,286	10,199

The notes on pages 12 to 19 form part of these financial statements.

Page 8

CYBAGE SOFTWARE (UK) LIMITED

REGISTERED NUMBER: 07175838

BALANCE SHEET

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	8		218		-
			218		-
Current assets
Debtors: amounts falling due within one year	9	266,316		140,528
Cash at bank and in hand		34,515		112,181
		300,831		252,709
Creditors: amounts falling due within one year	10	(145,471)		(35,417)
Net current assets			155,360		217,292
Total assets less current liabilities			155,578		217,292
Creditors: amounts falling due after more than one year	11		-		(100,000)

Net assets			155,578		117,292

Capital and reserves
Called up share capital	12	50,000	50,000
Profit and loss account	13	105,578	67,292
		155,578	117,292

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 September 2026.

Jaikrishnan Karumathil

Director

The notes on pages 12 to 19 form part of these financial statements.

Page 9

CYBAGE SOFTWARE (UK) LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2026

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 April 2025	50,000	67,292	117,292
Comprehensive income for the year
Profit for the year	-	38,286	38,286
Other comprehensive income for the year	-	-	-
Total comprehensive income for the year	-	38,286	38,286
Total transactions with owners	-	-	-
At 31 March 2026	50,000	105,578	155,578

The notes on pages 12 to 19 form part of these financial statements.

Page 10

CYBAGE SOFTWARE (UK) LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 April 2024	50,000	57,093	107,093
Comprehensive income for the year
Profit for the year	-	10,199	10,199
Total comprehensive income for the year	-	10,199	10,199
At 31 March 2025	50,000	67,292	117,292

The notes on pages 12 to 19 form part of these financial statements.

Page 11

CYBAGE SOFTWARE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Cybage Software (UK) 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.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 102-reduced disclosure exemption

The company has taken advantage of the following disclosure exemption in the preparing these financial statements, as permitted by FRS 102 " The Financial Standard applicable in the UK and Republic of Ireland".

• the requirements of section 7 Statement of Cash Flows.

2.3

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the provision of services is recognised by reference to the stage of completion for fixed price projects. Stage of Completion is measured by reference to project days incurred to date as a percentage of total estimated project days for each contract. Revenue from time and material contracts are recognised as the services are rendered.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 12

CYBAGE SOFTWARE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	20%	on cost
				Computer equipment	-	33%	on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Taxation

Taxation for the year comprises current and deferred tax. tax is recognised in the Income Statement, except to the extent that it relates to the item 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 payabel using the the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.6

Foreign currencies

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 13

CYBAGE SOFTWARE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.7

Hire purchase and Leasing commitments

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.9

Going concern

The financial statements have been prepared on a going concern basis on the assumption that the company will continue to trade in the foreseeable future. The company has reported profit of £38,286 (2025: £10,199). As of 31st March, 2026, the Company has net assets of £155,578 (2025:£117,292) and net current assets of £155,360 (2025: £217,292) . The directors, having made appropriate enquiries, consider that adequate resources exist for the company to continue in operational existence for the foreseeable future and with the continued support of the company's parent, the company will be able to meet its liabilities as they fall due for the payment. Therefore, the directors are of the opinion that it is appropriate to adopt the going concern basis in preparing the financial statement for the year ended 31 March 2026.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where therevision affects both current and future
periods.

In the directors view, there is no significant judgments or estimates made during the period.

Page 14

CYBAGE SOFTWARE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Wages and salaries	196,140	143,282
Social security costs	23,627	15,262
Cost of defined contribution scheme	13,995	3,168
	233,762	161,712

The average monthly number of employees, including the directors, during the year was as follows:

	2026	2025
	No.	No.

Marketing and Sales	2	2

Auditor's Remuneration	5,500	5,500
Other operating lease rentals	5,634	5,530
Depreciation	1,282	358

6.	Interest payable and similar expenses
		2026	2025
		£	£

	Bank interest payable	5,000	5,103
		5,000	5,103

Page 15

CYBAGE SOFTWARE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Corporation tax
Current tax on profits for the year	12,871	3,551
	12,871	3,551

Total current tax	12,871	3,551

	Deferred tax
	Total deferred tax	-	-


	Tax on profit	12,871	3,551

Profit on ordinary activities before tax

51,157

13,750

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2025 - 19%)	12,789	2,613
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	1,497	938
Capital allowances for year in excess of depreciation	(375)	-
Marginal relief	(1,040)	-
Total tax charge for the year	12,871	3,551

Factors that may affect future tax charges

There are no such factors.

Page 16

CYBAGE SOFTWARE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

8.	Tangible fixed assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 April 2025	263	2,691	2,954
Additions	-	1,500	1,500
At 31 March 2026	263	4,191	4,454
Depreciation
At 1 April 2025	263	2,691	2,954
Charge for the year on owned assets	-	1,282	1,282
At 31 March 2026	263	3,973	4,236
Net book value
At 31 March 2026	-	218	218
At 31 March 2025	-	-	-

Debtors

					2026	2025
					£	£


Amounts owed by group undertakings	190,672	126,414
Other debtors	2,660	13,184
Prepayments and accrued income	72,984	930
	266,316	140,528

Page 17

CYBAGE SOFTWARE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

10.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Amounts owed to group undertakings	100,000	-
Corporation tax	16,422	3,551
Other creditors	8,128	5,274
Accrued Expenses	20,921	26,592
	145,471	35,417

11.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Amounts owed to group undertakings	-	100,000
	-	100,000

12.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

50,000 (2025 - 50,000) Ordinary Share Capital shares of £1 each	50,000	50,000

13.

Reserves

Profit and loss account

Includes all current and prior period retained profits and losses.

		Retained Earning
		£
	At 1st April 2025	67,292
	Profit for the year	38,286
	At 31st March 2026	105,578

Page 18

CYBAGE SOFTWARE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

14.	Leasing Agreements

Land and Property

The company has a monthly rolling commitment of £470 (2025:£465) under a lease.

15.	Ultimate Controlling Party

The ultimate parent company is Cybage Software Private Limited,a company registered at Survey No.13A/1+2+3/1 Wadgoan Sheri, Pune, Maharashtra, 411014, India.

The utlimate controlling party is Mr. Arun Vijay Nathani, who is a resident in India and controls Cybage Software Private Limited by virtue of holding 75% or more shares in the Company.

16.

Related party transactions

As at 31st March 2026 the company owed a sum of £101,233 (2025:£101,233) to Cybage Software Private Limited, the ultimate parent company and the interest payable for the year on the loan was £5,000 (2025:£5,103).

During the year, the Company has provided services to its parent company generating revenue of £363,196 (2025:£ 239,425). At the reporting date, £190,672 (2025: £126,414) was due from the parent company.

Page 19