REGISTERED NUMBER: 02763353 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

HYPHEN ARCHI LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr T M Luck

Mr A Cheyne

Mr E J Miles

Ms S F Fox

Mr P Agnew

Ms G Mullen

SECRETARY:

Ms S F Fox

REGISTERED OFFICE:

3 Charlecote Mews

Staple Gardens

Winchester

Hampshire

SO23 8SR

REGISTERED NUMBER:

02763353 (England and Wales)

SENIOR STATUTORY AUDITOR:

Neil Raynsford

AUDITORS:

Shaw Gibbs (Audit) Limited

Statutory Auditor

Fleming Court

Leigh Road

Eastleigh

Southampton

Hampshire

SO50 9PD

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

258,230

320,600

258,230

320,600

CURRENT ASSETS

Debtors

7

3,184,040

4,719,989

Cash at bank and in hand

204,946

109,309

3,388,986

4,829,298

CREDITORS

Amounts falling due within one year

8

2,325,319

2,565,920

NET CURRENT ASSETS

1,063,667

2,263,378

TOTAL ASSETS LESS CURRENT LIABILITIES

1,321,897

2,583,978

CREDITORS

Amounts falling due after more than one year

9

-

(16,667

)

PROVISIONS FOR LIABILITIES

11

(22,000

)

(85,445

)

NET ASSETS

1,299,897

2,481,866

CAPITAL AND RESERVES

Called up share capital

12

250,000

250,000

Retained earnings

1,049,897

2,231,866

SHAREHOLDERS' FUNDS

1,299,897

2,481,866

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th September 2026 and were signed on its behalf by:

Mr T M Luck - Director

1.	STATUTORY INFORMATION

Hyphen Archi 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.	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 incurred a trading loss for the financial year ended 31 December 2025 of £1,181,969 (2024: profit £1,797). At the year end the company has net assets of £1,299,897 (2024: net assets £2,481,866). Despite this, the directors have prepared forecasts and cash flow projections for a period of at least twelve months from the date of approval of these financial statements. These projections take into account the actions that management have already implemented and those planned to improve profitability and cash generation, including restriction of permanent hiring and using scalable outsourcing to lower fixed costs, to develop an agile, on-demand service delivery, further overhead reductions, improved debt recovery, focus on business development. These measures have been put in place from the start of 2025 and have already seen the UK return to profitability.

The company has continued support of its parent company alongside fellow subsidiaries where required including cashflow. The directors have received confirmation that this support will remain available for the foreseeable future and at least twelve months from the date these financial statements are approved.

After considering the current trading position, forecast performance, and available funding, the directors have a reasonable expectation that the company have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services are recognised by reference to the stage of completion when the stage of completion, cost incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. When the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Goodwill

Goodwill representing the excess of the purchase price compared with the fair value of assets acquired was capitalised and initially amortised over 40 years, and in 2008, the remaining goodwill was fully amortised.

Tangible fixed assets

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

Improvements to property

-

Over the remaining term of the lease

Fixtures and fittings

-

10% straight line

Computer equipment

-

20% straight line

All fixed assets are initially recorded at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 contributes to 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.

Long term contracts

When the outcome of a transaction involving the rendering of services can be estimated reliably, revenue associated with the transaction is recognised by reference to the stage of completion of the transaction at the end of the financial reporting period. The outcome of a transaction can be estimated reliably when all the following conditions are satisfied: (a) the amount of revenue can be measured reliably; (b) it is probable that the economic benefits associated with the transaction will flow to the company; (c) the stage of completion of the transaction at the end of the reporting period can be measured reliably; and (d) the costs incurred for the transaction and the costs to complete the transaction can be measured reliably. Full provision is made for losses on all contracts in the period in which they are first foreseen.

Revenue recognisable in advance of amounts invoiced are included as amounts recoverable on contracts shown in debtors due within one year.

Amounts invoiced in advance of being recognisable are included as payments on accounts in creditors.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, amounts due from fellow group companies and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measures at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangements constitutes a financing transaction, where the debt instrument is measured at the present value of the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Hire purchase and leasing commitments

Rental paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 105 (2024 - 117 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2025

and 31st December 2025

89,098

AMORTISATION

At 1st January 2025

and 31st December 2025

89,098

NET BOOK VALUE

At 31st December 2025

-

At 31st December 2024

-

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1st January 2025

220,315

93,576

363,943

677,834

Additions

11,551

3,396

1,728

16,675

At 31st December 2025

231,866

96,972

365,671

694,509

DEPRECIATION

At 1st January 2025

130,658

62,300

164,276

357,234

Charge for year

10,423

4,776

63,846

79,045

At 31st December 2025

141,081

67,076

228,122

436,279

NET BOOK VALUE

At 31st December 2025

90,785

29,896

137,549

258,230

At 31st December 2024

89,657

31,276

199,667

320,600

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,438,473

1,830,487

Amounts owed by group undertakings

907,485

863,499

Amounts owed by associates

24,155

243,495

Amounts recoverable on contracts

474,900

1,033,411

Other debtors

339,027

749,097

3,184,040

4,719,989

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

16,667

50,000

Payments on account and contract provisions

112,757

145,200

Trade creditors

870,819

852,861

Amounts owed to group undertakings

443,931

257,105

Taxation and social security

409,962

605,703

Other creditors

471,183

655,051

2,325,319

2,565,920

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

16,667

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

16,667

66,667

Bank loans are secured by way of a debenture, borrowed under the Coronavirus Business Interruption Loan Scheme. The UK Government has provided the lender with a limited guarantee of up to 80% of the outstanding facility balance.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

-

48,445

Other provisions

22,000

37,000

22,000

85,445

Deferred

Other

tax

provisions

£

£

Balance at 1st January 2025

48,445

37,000

Credit to Income Statement during year

(48,445

)

(15,000

)

Balance at 31st December 2025

-

22,000

12.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

250,000

Ordinary

£1

250,000

250,000

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

The Report of the Auditors was unqualified.

Neil Raynsford (Senior Statutory Auditor)

for and on behalf of Shaw Gibbs (Audit) Limited

14.	PENSION COMMITMENTS

During the year the company made pension contributions to money purchase pensions schemes. Total pension commitments payable at the year end amounted to £70,485 (2024: £82,636).

15.	OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £602,749 (2024: £915,081). This amount is in relation to operating lease commitments which are payable over the next 4 years.

16.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions or balances with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.

17.	ULTIMATE PARENT COMPANY

The ultimate parent company is The Hyphen Group Ltd.

The largest and smallest group which includes the company and for which group financial statements are prepared is The Hyphen Group Ltd. Group accounts will be available from Companies House. The registered office address for The Hyphen Group Ltd is 3 Charlecote Mews, Staple Gardens, Winchester, Hampshire, SO23 8SR.