Company No: 10322491 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Ms An Valerie Maes (Appointed 05 March 2026)
	Mr Joris Dresselaers (Appointed 09 December 2025, Resigned 05 March 2026)
	Ms Lisa Danielle Miles (Resigned 09 December 2025)

SECRETARY

MYUKOFFICE LTD

REGISTERED OFFICE	Unit 33
	Waterside Schooner Court 44-48 Wharf Road
	London
	N1 7UX
	United Kingdom

COMPANY NUMBER

10322491 (England and Wales)

AUDITOR	Try Lunn & Co
	Chartered Accountants and Statutory Auditors
	Statutory Auditor
	Roland House
	Princes Dock Street
	HULL HU1 2LD

	Note	31.12.2025		31.12.2024
		£		£
Fixed assets
Intangible assets	3	1,448		2,713
Tangible assets	4	35,391		28,895
		36,839		31,608
Current assets
Debtors	5	523,202		553,468
Cash at bank and in hand		398,082		164,762
		921,284		718,230
Creditors: amounts falling due within one year	6	( 251,381)		( 227,560)
Net current assets		669,903		490,670
Total assets less current liabilities		706,742		522,278
Net assets		706,742		522,278
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		706,642		522,178
Total shareholder's funds		706,742		522,278

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Silverfin Software Ltd (registered number: 10322491) were approved and authorised for issue by the Director on 19 May 2026. They were signed on its behalf by:

Ms An Valerie Maes Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Silverfin Software Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 33, Waterside Schooner Court 44-48 Wharf Road, London, N1 7UX, United Kingdom.

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.

The company is dependent on the continued financial support of it's parent company Silverfin NV, a company registered in Belgium, who has agreed to provide such support to Silverfin Software Ltd so that the company will be able to meet it's debts as they fall due for the foreseeable future. Accordingly the financial statements have been prepared on the going concern basis.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

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 comprises revenue recognised by the company in respect of management fees charged to the parent company for provision of services. The turnover is based on costs incurred in providing services plus an agreed mark up.

Taxation

Current tax
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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

3 years straight line

Tangible fixed assets

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

Fixtures and fittings	4 years straight line
Computer equipment	4 years straight line

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

2. Employees

	Year ended 31.12.2025		Period from 01.04.2024 to 31.12.2024
	Number		Number
The average number of employees during the year was	31		27

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 January 2025	26,695		26,695
At 31 December 2025	26,695		26,695
Accumulated amortisation
At 01 January 2025	23,982		23,982
Charge for the financial year	1,265		1,265
At 31 December 2025	25,247		25,247
Net book value
At 31 December 2025	1,448		1,448
At 31 December 2024	2,713		2,713

4. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 January 2025	15,309		86,772		102,081
Additions	0		25,180		25,180
Disposals	0		( 25,488)		( 25,488)
At 31 December 2025	15,309		86,464		101,773
Accumulated depreciation
At 01 January 2025	9,772		63,414		73,186
Charge for the financial year	2,632		14,660		17,292
Disposals	0		( 24,096)		( 24,096)
At 31 December 2025	12,404		53,978		66,382
Net book value
At 31 December 2025	2,905		32,486		35,391
At 31 December 2024	5,537		23,358		28,895

5. Debtors

	31.12.2025		31.12.2024
	£		£
Trade debtors	62,615		0
Amounts owed by Parent undertakings	331,524		308,906
Other debtors	129,063		244,562
	523,202		553,468

6. Creditors: amounts falling due within one year

	31.12.2025		31.12.2024
	£		£
Trade creditors	37,648		20,814
Other taxation and social security	32,949		30,321
Other creditors	180,784		176,425
	251,381		227,560

7. Called-up share capital

	31.12.2025		31.12.2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Related party transactions

During the year Silverfin Software Ltd invoiced Silverfin NV (the immediate controlling party) management charges of £4,372,975 (9 months ended 31 December 2024 - £3,212,271).

At the balance sheet date Silverfin NV owed Silverfin Software Ltd £331,524 (9 months ended 31 December 2024 - £308,906).

Interest has been charged on the intercompany balance.

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

	31.12.2025		31.12.2024
	£		£
Within one year	219,285		208,836

10. Reserves

	31.12.2025
	£
At 1 January 2025	522,178
Profit for the year	184,464
	706,642

11. Audit Opinion

Disclosure under Section 444(5B) of the Companies Act 2006.
The Report of the Auditors was unqualified.

Andrew Ewart FCA FCCA (Senior Statutory Auditor) for and on behalf of Try Lunn & Co

12. Ultimate controlling party

Parent Company:

Silverfin NV

Gaston Crommenlaan 12, 9050 Gent, Belgium.

The immediate controlling party is Silverfin NV, a company registered in Belgium, the registered address of Silverfin NV is Gaston Crommenlaan 12, 9050 Gent, Belgium.

The ultimate parent company is Visma AS, a company registered in Norway.

There is no ultimate controlling party.