Registration number: 07961972

Threatscape Security Solutions Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Threatscape Security Solutions Ltd

Company Information

Directors

Mr Dermot Williams Mrs Wendy Williams Mr Edward Lyons Mr Colin Reid Mr Alan Roche

Company secretary

Mrs Wendy Williams

Registered office

51 Moorgate London England EC2R 6LL

Accountants

Mr Andrew Eagles Chartered Institute of Management AccountantsTwitchen Odiham Road Riseley Berks RG7 1SD

Threatscape Security Solutions Ltd

(Registration number: 07961972)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	502,973	242,245
Tangible assets	5	20,774	25,179
		523,747	267,424
Current assets
Debtors	6	2,490,897	2,032,444
Cash at bank and in hand		1,103,533	1,159,073
		3,594,430	3,191,517
Creditors: Amounts falling due within one year	7	(2,775,858)	(2,880,645)
Net current assets		818,572	310,872
Net assets		1,342,319	578,296
Capital and reserves
Called up share capital	8	100	100
Retained earnings		1,342,219	578,196
Shareholders' funds		1,342,319	578,296

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 August 2026 and signed on its behalf by:
 

......................................... Mr Dermot Williams Director

Threatscape Security Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
51 Moorgate
London
EC2R 6LL
England

These financial statements were authorised for issue by the Board on 28 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

The company seeks to continually refine the basis by which it estimates accrued and deferred service income, taking into account the timing of the delivery of the related service.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Threatscape Security Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Intangible assets

The company recognises intangible assets as assets where it believes that doing so will cause its financial statements to more accurately reflect its financial performance. It does this if, and only if: a) it is probable that the expected future economic benefits that are attributable to the asset will flow to the company; and b) the cost or value of the asset can be measured reliably.

The directors assess intangible assets for impairment on an annual basis, or more frequently as may be required based on events or changes in circumstances.

Development costs

The company capitalises development costs having taken into consideration the guidance provided in Section 18 of FRS 102, whereby an entity may recognise an intangible asset arising from development (or from the development phase of an internal project) if, and only if, it can demonstrate all of the following:

a) The technical feasibility of completing the intangible asset so that it will be available for use or sale.
b) Its intention to complete the intangible asset and use or sell it.
c) Its ability to use or sell the intangible asset.
d) How the intangible asset will generate probable future economic benefits.
e) The availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset.
f) Its ability to measure reliably the expenditure attributable to the intangible asset during its development.

The company amortises intangible assets derived from capitalised development costs on a straight-line basis over their economic useful life of between 3 and 5 years, which is the estimated period during which economic benefits are expected to arise.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Equipment	20% Straight Line Basis

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Threatscape Security Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Asset class	Amortisation method and rate
Capitalised Development Costs	20% - 33% Straight Line Basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Threatscape Security Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 16).

Threatscape Security Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Intangible assets

	Development Costs  £	Total £
Cost or valuation
At 1 January 2025	291,337	291,337
Additions internally developed	353,255	353,255
At 31 December 2025	644,592	644,592
Amortisation
At 1 January 2025	49,092	49,092
Amortisation charge	92,527	92,527
At 31 December 2025	141,619	141,619
Carrying amount
At 31 December 2025	502,973	502,973
At 31 December 2024	242,245	242,245

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2025	61,076	61,076
Additions	4,778	4,778
At 31 December 2025	65,854	65,854
Depreciation
At 1 January 2025	35,897	35,897
Charge for the year	9,183	9,183
At 31 December 2025	45,080	45,080
Carrying amount
At 31 December 2025	20,774	20,774
At 31 December 2024	25,179	25,179

Threatscape Security Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	1,288,505	986,816
Prepayments	7,102	7,316
Other debtors	1,195,290	1,038,312
	2,490,897	2,032,444

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	28,531	-
Trade creditors		725,521	580,323
Taxation and social security		271,373	258,739
Accruals and deferred income		333,520	438,775
Other creditors		1,416,913	1,602,808
		2,775,858	2,880,645

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

9	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	28,531	-