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Registered number: 13366224
DIGITEC FINANCIAL TECHNOLOGIES AND SERVICES (UK) LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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DIGITEC FINANCIAL TECHNOLOGIES AND SERVICES (UK) LTD
Company Information
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Niels Gerrit Joost (appointed 1 April 2026)
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Darryl Guy Hooker (appointed 1 May 2026)
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Hans-Juergen Joost (resigned 30 April 2026)
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Stephan Von Massenbach (resigned 30 June 2026)
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DIGITEC FINANCIAL TECHNOLOGIES AND SERVICES (UK) LTD
Registered number: 13366224
Balance sheet
As at 31 December 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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DIGITEC FINANCIAL TECHNOLOGIES AND SERVICES (UK) LTD
Registered number: 13366224
Balance sheet (continued)
As at 31 December 2025
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with 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 17 September 2026.
The notes on pages 3 to 8 form part of these financial statements.
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DIGITEC FINANCIAL TECHNOLOGIES AND SERVICES (UK) LTD
Notes to the financial statements
For the Year Ended 31 December 2025
Digitec Financial Technologies and Services (UK) Ltd is a private limited company incorporated in the United Kingdom and registered in England and Wales. The company's registered office is 3rd Floor, 12 Gough Square, London, EC4A 3DW.
2.Accounting policies
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Basis of preparation of financial statements
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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 disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The financial staements have been prepared on a going concern basis despite an excess of liabilities over assets of £2,024,221. The directors consider this to be appropriate as it is the parent undertaking's intention to provide financial support for at least 12 months from the date of approval of these financial statements.
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Foreign currency translation
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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.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
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DIGITEC FINANCIAL TECHNOLOGIES AND SERVICES (UK) LTD
Notes to the financial statements
For the Year Ended 31 December 2025
2.Accounting policies (continued)
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
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Operating leases: the Company as lessee
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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.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
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.
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DIGITEC FINANCIAL TECHNOLOGIES AND SERVICES (UK) LTD
Notes to the financial statements
For the Year Ended 31 December 2025
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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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:
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.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including directors, during the year was 15 (2024 - 12).
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DIGITEC FINANCIAL TECHNOLOGIES AND SERVICES (UK) LTD
Notes to the financial statements
For the Year Ended 31 December 2025
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Charge for the year on owned assets
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Prepayments and accrued income
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DIGITEC FINANCIAL TECHNOLOGIES AND SERVICES (UK) LTD
Notes to the financial statements
For the Year Ended 31 December 2025
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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Related party transactions
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As at 31 December 2025, the company owed £1,991,664 (2024: £1,646,029) to Digitec GmbH EDV Beratung Soft-Und Hardware, its wholly owned parent undertaking incorporated in Germany. Interest of £166,523 (2024: £139,049) has been charged on the loan during the year.
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The parent undertaking of the smallest group of which Digitec Financial Technologies and Services (UK) Ltd is a member and consolidated accounts are prepared is Digitec GmbH EDV Beratung Soft-Und Hardware. Their registererd office address is Krusistrasse 7, 22305 Hamburg, Germany.
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DIGITEC FINANCIAL TECHNOLOGIES AND SERVICES (UK) LTD
Notes to the financial statements
For the Year Ended 31 December 2025
The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified.
The audit report was signed on 17 September 2026 by Andrew Burch (Senior statutory auditor) on behalf of Sayers Butterworth LLP.
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