SITESPECT LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S A Maher

REGISTERED OFFICE:

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

REGISTERED NUMBER:

09345820 (England and Wales)

SENIOR STATUTORY AUDITOR:

Hari Vasdev MEng FCA

AUDITORS:

Sibbalds Limited

Chartered Accountants and Statutory Auditor

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

CURRENT ASSETS

Debtors

4

272,906

194,780

Cash at bank

15,383

44,902

288,289

239,682

CREDITORS

Amounts falling due within one year

5

195,386

383,360

NET CURRENT ASSETS/(LIABILITIES)

92,903

(143,678

)

TOTAL ASSETS LESS CURRENT LIABILITIES

92,903

(143,678

)

CAPITAL AND RESERVES

Called up share capital

6

10

10

Retained earnings

92,893

(143,688

)

SHAREHOLDERS' FUNDS

92,903

(143,678

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 18 September 2026 and were signed by:

S A Maher - Director

1.	STATUTORY INFORMATION

Sitespect Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company is a wholly owned subsidiary. The company has taken advantage of the exemption within the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" not to disclose related party transactions entered into between fellow group members that are also wholly owned within the group.

Turnover

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

Turnover represents the amounts derived from the provision of services to customers during the year. Revenue is recognised in the income statement when a right to the consideration has been obtained through performance.

Taxation

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors have prepared cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements. These forecasts indicate that the company will require financial support in order to meet its liabilities as they fall due.

The company’s parent undertaking, Monetate Inc, has provided a letter of support confirming that it will make available such financial support as is required for a period of at least 12 months from the date of approval of these financial statements.

Notwithstanding this support, the forecasts indicate that the company is dependent on the continued availability of this funding. These conditions indicate the existence of a material uncertainty which may cast significant doubt on the company’s ability to continue as a going concern.

The financial statements do not include any adjustments that would result if the company were unable to continue as a going concern.

On the basis of the above, the directors consider it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,500

79,000

Amounts owed by group undertakings

239,019

114,026

Accrued income

29,419

-

Prepayments

2,968

1,754

272,906

194,780

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

50,042

125,121

Tax

40,964

-

Social security and other taxes

-

2,827

Other creditors

-

442

Accruals and deferred income

104,380

254,970

195,386

383,360

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10

Ordinary

£1

10

10

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Hari Vasdev MEng FCA (Senior Statutory Auditor)

for and on behalf of Sibbalds Limited

8.	ULTIMATE CONTROLLING PARTY

As at the balance sheet date, the company was a wholly owned subsidiary of Sitespect Inc., a company incorporated in the United States of America.

Sitespect Inc. is in turn a wholly owned subsidiary of Monetate Inc., a company incorporated in the United States of America

Copies of the consolidated financial statements of Monetate Inc. are available from Monetate Inc.'s corporate office located at 325 North St. Paul Street Dallas, TX 75201.