Kreo Software Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10970263

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,172,839		1,319,594
Tangible Assets	5		3,599		7,976

			1,176,438		1,327,570
CURRENT ASSETS
Debtors	6	13,286		32,069
Cash at bank and in hand		148,942		304,823

		162,228		336,892
Creditors: Amounts Falling Due Within One Year	7	(3,234,759 )		(3,029,926 )

NET CURRENT ASSETS (LIABILITIES)			(3,072,531 )		(2,693,034 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,896,093 )		(1,365,464 )

NET LIABILITIES			(1,896,093 )		(1,365,464 )

CAPITAL AND RESERVES
Called up share capital	8		1,195		1,195
Profit and Loss Account			(1,897,288 )		(1,366,659 )

SHAREHOLDERS' FUNDS			(1,896,093)		(1,365,464)

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Kreo Software Ltd

Balance Sheet (continued)

As At 31 December 2025

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Magomed Galaev

Director

23rd September 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Kreo Software Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10970263 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

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. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Subscription revenue is recognised evenly over the subscription term, with amounts invoiced in advance held as deferred income, and that enterprise trials and pay-as-you-go credit packs are recognised when invoiced.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Software held as other intangible assets are amortised to profit and loss account over its estimated economic life of 10 years.

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:

Fixtures & Fittings	33.33% on cost
Computer Equipment	33.33% on cost

2.5. 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.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Kreo Software Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	1,467,556

As at 31 December 2025	1,467,556

Amortisation
As at 1 January 2025	147,962
Provided during the period	146,755

As at 31 December 2025	294,717

Net Book Value
As at 31 December 2025	1,172,839

As at 1 January 2025	1,319,594

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	5,975	20,989	26,964

As at 31 December 2025	5,975	20,989	26,964

Depreciation
As at 1 January 2025	5,975	13,013	18,988
Provided during the period	-	4,377	4,377

As at 31 December 2025	5,975	17,390	23,365

Net Book Value
As at 31 December 2025	-	3,599	3,599

As at 1 January 2025	-	7,976	7,976

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	4,629	14,928
Other debtors	8,657	17,141

	13,286	32,069

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Kreo Software Ltd

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	1,775	2,224
Other creditors	3,226,585	3,018,153
Taxation and social security	6,399	9,549

	3,234,759	3,029,926

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,195	1,195

9. Related Party Transactions

Included within other creditors is a loan from the director. The loan balance at the year end is £2,862,752 (2024: £2,870,026). The loan is interest free and repayable on demand

10. Ultimate Controlling Party

The company's ultimate controlling party is Magomed Galaev by virtue of his ownership of 84% of the issued share capital in the company.

11. Going Concern

As at the balance sheet date the company has net liabilities. These financial statements have been prepared on the going concern basis, on the understanding that the director will continue to support the company for the foreseeable future.

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