REGISTERED NUMBER: 09931929 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

PROFILE SOFTWARE (UK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Iliopoulos

K Orfanidis

C Stasinopoulos

REGISTERED OFFICE:

First Floor

92/93 Great Russell Street

London

WC1B 3PS

REGISTERED NUMBER:

09931929 (England and Wales)

AUDITORS:

Orcom Civvals Audit Limited

Chartered Accountants and

Statutory Auditors

50 Seymour Street

London

W1H 7JG

FIXED ASSETS

Tangible assets

5

-

-

Investments

6

619

619

619

619

CURRENT ASSETS

Debtors

7

1,683,231

1,855,685

Cash at bank

8

1,026,366

1,124,004

2,709,597

2,979,689

CREDITORS

Amounts falling due within one year

9

(1,931,321

)

(2,224,069

)

NET CURRENT ASSETS

778,276

755,620

TOTAL ASSETS LESS CURRENT LIABILITIES

778,895

756,239

CAPITAL AND RESERVES

Called up share capital

300,000

300,000

Retained earnings

478,895

456,239

778,895

756,239

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 30 September 2026 and were signed on its behalf by:

K Orfanidis - Director

1.	STATUTORY INFORMATION

Profile Software (Uk) 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.

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.

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 is recognised when or as the company transfers control of promised goods or services to the customer at an amount that reflects the consideration to which the company expects to be entitled.

SaaS Subscription Fees:

- the company provides customers with a right to access its software-as-a-service (SaaS) platform. Revenue is recognised over time on a straight-line basis over the contract term, as the customer simultaneously receives and consumes the benefits of the service.

Implementation Services:

- implementation services are typically considered a separate performance obligation where they provide a distinct benefit to the customer. Turnover is recognised over time using an output method based on the achievement of contractually defined milestones

Tangible fixed assets

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

Plant and machinery etc

-

25% straight line

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.

Hire purchase and leasing commitments

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

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 the 12 months from the approval of these financial statements. The forecasts have been prepared based on the company's actual opening cash position and anticipated inflows and outflows derived from historical trends and recent financial results.

The company's primary source of supply consists of resources provided by group entities, including the parent company, to deliver services to its customers. The directors have obtained written confirmation from the parent company regarding its intention to continue providing staff to serve customers.

Additionally, directors have received written support letter from parent confirming that it will not demand amounts owned to group undertakings from the company for at least 12 months from the date of approval of financial statements and provide necessary financial support to the company to settle financial obligations as they fall due.

After considering the above factors, the directors have a reasonable expectation that the company has adequate resources to continue in operations existence for the foreseeable future. Accordingly, the financial statements have been prepared for a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 3 ) .

4.	AUDITORS' REMUNERATION

2025

2024

restated

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

9,000

16,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

5,578

DEPRECIATION

At 1 January 2025

and 31 December 2025

5,578

NET BOOK VALUE

At 31 December 2025

-

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

619

NET BOOK VALUE

At 31 December 2025

619

At 31 December 2024

619

The company holds 0.08% shareholding in Login SA, a group company incorporated in France.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

restated

£

£

Trade debtors

1,572,824

1,834,078

Other debtors

6,167

8,371

Tax recoverable

70,135

279

Prepayments and accrued income

34,105

12,957

1,683,231

1,855,685

8.	CASH AT BANK

2025

2024

£

£

Cash at bank and in hand

1,026,366

1,124,004

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

restated

£

£

Trade creditors

753,217

808,714

Amounts owed to group undertakings

11,105

11,102

Corporation tax

(2,641

)

(7,671

)

Taxation and social security

43,321

93,074

Other creditors

9,239

1,967

Accruals and deferred income

1,117,080

1,316,883

1,931,321

2,224,069

Included within the trade creditors is an amount owed to group undertakings of £750,303 (2024: £797,908).

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

The Report of the Auditors was unqualified.

Philip Jones (FCA) (Senior Statutory Auditor)

for and on behalf of Orcom Civvals Audit Limited

11.	PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £308 (2024: £Nil).

12.	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.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Profile Systems & Software S.A, a company registered in Greece.

14.	RESTATEMENT OF COMPARATIVE FIGURES

The comparative year figures have been restated for disclosure purposes and to ensure these are in line with the respective disclosures in the current year.