REGISTERED NUMBER: 10964103 (England and Wales)

Audited Financial Statements

for the Year Ended 31 December 2025

for

Crif Realtime Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr E Lodi

Ms S Costantini

SECRETARY:

Vistra Cosec Limited

REGISTERED OFFICE:

Suite 1, 7th Floor, 50 Broadway

London

SW1H 0BL

REGISTERED NUMBER:

10964103 (England and Wales)

AUDITORS:

S&W Audit

17 Queens Lane

Newcastle Upon Tyne

NE1 1RN

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

2,013

1,604

2,013

1,604

CURRENT ASSETS

Debtors

7

215,855

464,476

Cash at bank

339,805

230,980

555,660

695,456

CREDITORS

Amounts falling due within one year

8

(341,620

)

(570,617

)

NET CURRENT ASSETS

214,040

124,839

TOTAL ASSETS LESS CURRENT LIABILITIES

216,053

126,443

CAPITAL AND RESERVES

Called up share capital

3,300,001

3,100,001

Profit and loss account

(3,083,948

)

(2,973,558

)

216,053

126,443

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2026 and were signed on its behalf by:

Mr E Lodi - Director

1.	STATUTORY INFORMATION

Crif Realtime 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.

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

Monetary amounts in these financial statements are rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The company is dependent for its working capital on funds provided to it by the parent company. The parent company has provided the company with a letter of support that, for at least 12 months from the date of approval of these financial statements, they will continue to make available such funds as needed by the company. This should enable the company to continue in operational existence for the foreseeable future. As with any company placing reliance on other entities for financial support, the directors acknowledge that there is no guarantee that this support will continue although,at the date of approval of these financial statements, they have no reason to believe that it not do so.

Having reviewed budgets and cash flows, they have a reasonable expectation that the company has adequate resources available to continue in operational existence for the foreseeable future, with the support of its parent. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Crif Realtime Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Revenue

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

An impairment loss has been recognised in the Profit and Loss Account, following an assessment at the Balance Sheet date indicating the recoverable amount was less than its carrying value.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Investments in subsidiaries

Investments in subsidiaries and associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

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 and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

Foreign currencies

Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction.

Balances at the year end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.

Employee benefits

Short term employee benefits, including contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2025

and 31 December 2025

3,565,805

AMORTISATION

At 1 January 2025

and 31 December 2025

3,565,805

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

6.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2025

5,991

Additions

1,797

At 31 December 2025

7,788

DEPRECIATION

At 1 January 2025

4,387

Charge for year

1,388

At 31 December 2025

5,775

NET BOOK VALUE

At 31 December 2025

2,013

At 31 December 2024

1,604

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

71,454

49,547

Amounts owed by group undertakings

123,287

391,156

Other debtors

10,227

10,227

VAT

-

921

Prepayments and accrued income

10,887

12,625

215,855

464,476

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,204

22,562

Amounts owed to group undertakings

232,678

448,349

Tax

33,239

-

Social security and other taxes

17,102

-

Other creditors

912

1,804

Accruals and deferred income

56,485

97,902

341,620

570,617

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

The Report of the Auditors was unqualified.

Nicola Scarr FCA (Senior Statutory Auditor)

for and on behalf of S&W Audit

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11.	ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is CRIF Decision Solutions Limited, a company incorporated in England and Wales. The largest and smallest group of which the company is a member for which group financial statements are prepared is CRIF S.P.A. Copies of the financial statements of CRIF S.P.A can be obtained from the company's registered office Via Beverara 21, 40131, Bologna, BO, Italy.

The company's ultimate parent undertaking and controlling party at the balance sheet date was CRIF S.P.A, a company established in Italy.