ACCOUNTS - Final Accounts preparation

Registered number: SC669267

AQUILA INTELLIGENCE SOLUTIONS LTD

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

AQUILA INTELLIGENCE SOLUTIONS LTD

COMPANY INFORMATION

Directors	A Dunn
	D Speed (appointed 1 February 2026)
	R J Sinclair (resigned 1 September 2025)


Registered number	SC669267


Registered office	C/O Altia Solutions Limited Tay House
	300 Bath Street
	Glasgow
	Scotland
	G2 4JR


Independent auditors	Forvis Mazars LLP
	Chartered Accountants & Statutory Auditor
	Second Floor
	Three Chamberlain Square
	Birmingham
	B3 3AX

AQUILA INTELLIGENCE SOLUTIONS LTD

CONTENTS

	Page
Directors' Report	1 - 2
Independent Auditors' Report	3 - 6
Statement of Comprehensive Income	7
Balance Sheet	8
Notes to the Financial Statements	9 - 10

AQUILA INTELLIGENCE SOLUTIONS LTD

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 MARCH 2026

The Directors present their report and the financial statements for the year ended 31 March 2026.

The prior period financial statements were prepared for the 3 month period ended 31 March 2025 and the current period financial statements are for the year ended 31 March 2026. Therefore the prior period financial results are not directly comparable.

Directors' responsibilities statement

The Directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Directors to prepare financial statements for each financial period. Under that law the Directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the Directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgements and accounting estimates that are reasonable and prudent; and

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Directors

The Directors who served during the year and to the date of signing were:

A Dunn

D Speed (appointed 1 February 2026)

R J Sinclair (resigned 1 September 2025)

Going concern
The financial statements have been prepared on a going concern basis. The Directors have assessed the Company's ability to continue as a going concern and are satisfied that adequate financial support and funding arrangements are available to enable the Company to meet its liabilities as they fall due for the foreseeable future. Accordingly, the Directors consider it appropriate to prepare the financial statements on the going concern basis.

Page 1

AQUILA INTELLIGENCE SOLUTIONS LTD

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

Disclosure of information to auditors

Each of the persons who are Directors at the time when this Directors' Report is approved has confirmed that:

∙so far as is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙has taken all the steps that ought to have been taken as a Director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Auditors

The auditors, Forvis Mazars LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Small companies note

In preparing this report, the Directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

A Dunn

Director

Date: 1 October 2026

Page 2

AQUILA INTELLIGENCE SOLUTIONS LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AQUILA INTELLIGENCE SOLUTIONS LTD

Opinion

We have audited the financial statements of Aquila Intelligence Solutions Ltd (the ‘Company’) for the year ended 31 March 2026 which comprise the Profit and Loss Account, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies.
The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

∙give a true and fair view of the state of the Company’s affairs as at 31 March 2026 and of its results for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual Report and Financial Statements, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Page 3

AQUILA INTELLIGENCE SOLUTIONS LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AQUILA INTELLIGENCE SOLUTIONS LTD

Other information (continued)
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and

∙the Directors' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit; or

∙the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemption in preparing the Directors' Report and from the requirement to prepare a Strategic Report.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors intend either to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Page 4

AQUILA INTELLIGENCE SOLUTIONS LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AQUILA INTELLIGENCE SOLUTIONS LTD

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Based on our understanding of the company and its industry, we considered that non-compliance with the following laws and regulations might have a material effect on the financial statements: employment regulation, health and safety regulation and anti-money laundering regulation

To help us identify instances of non-compliance with these laws and regulations, and in identifying and assessing the risks of material misstatement in respect to non-compliance, our procedures included, but were not limited to:

∙Inquiring of management and, where appropriate, those charged with governance, as to whether the company is in compliance with laws and regulations, and discussing their policies and procedures regarding compliance with laws and regulations;

∙Inspecting correspondence, if any, with relevant licensing or regulatory authorities;

∙Communicating identified laws and regulations to the engagement team and remaining alert to any indications of non-compliance throughout our audit; and

∙Considering the risk of acts by the company which were contrary to applicable laws and regulations, including fraud.

We also considered those laws and regulations that have a direct effect on the preparation of the financial statements, such as tax legislation, pension legislation, the Companies Act 2006.

In addition, we evaluated the directors' and management’s incentives and opportunities for fraudulent manipulation of the financial statements, including the risk of override of controls, and determined that the principal risks were related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates and significant one-off or unusual transactions.

Our audit procedures in relation to fraud included but were not limited to:

∙Making enquiries of the directors and management on whether they had knowledge of any actual, suspected or alleged fraud;

∙Gaining an understanding of the internal controls established to mitigate risks related to fraud;

∙Discussing amongst the engagement team the risks of fraud; and

∙Addressing the risks of fraud through management override of controls by performing journal entry testing.

Page 5

AQUILA INTELLIGENCE SOLUTIONS LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AQUILA INTELLIGENCE SOLUTIONS LTD

Auditor's responsibilities for the audit of the financial statements (continued)
There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of the audit report

This report is made solely to the Company's members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members as a body for our audit work, for this report, or for the opinions we have formed.

Elisa Howe (Senior statutory auditor)

for and on behalf of
Forvis Mazars LLP
Chartered Accountants and Statutory Auditor
Second Floor
Three Chamberlain Square
Birmingham
B3 3AX

Date:1 October 2026

Page 6

AQUILA INTELLIGENCE SOLUTIONS LTD

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 MARCH 2026

The Company has not traded during the year or the preceding financial period. During these periods, the Company received no income and incurred no expenditure and therefore made neither a profit nor a loss.

The notes on pages 9 to 10 form part of these financial statements.

Page 7

AQUILA INTELLIGENCE SOLUTIONS LTD

REGISTERED NUMBER: SC669267

BALANCE SHEET

AS AT 31 MARCH 2026

	31 March 2026	31 March 2025
Note	£	£



Total assets less current liabilities	-	-

Net assets	-	-

Capital and reserves
Called up share capital	5	1,000	1,000
Share premium	6	9,982	9,982
Profit and loss account	6	(10,982)	(10,982)
		-	-

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

A Dunn

Director

Date: 1 October 2026

The notes on pages 9 to 10 form part of these financial statements.

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AQUILA INTELLIGENCE SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Aquila Intelligence Solutions Ltd (registered number SC669267) is a private company limited by shares incorporated in Scotland, registered number SC669267. The registered office is C/O Altia Solutions Limited Tay House, 300 Bath Street, Glasgow, Scotland, G2 4JR.
The financial statements are presented in pound sterling which is the functional currency of the Company. Monetary amounts are rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis. The Directors have assessed the Company's ability to continue as a going concern and are satisfied that adequate financial support and funding arrangements are available to enable the Company to meet its liabilities as they fall due for the foreseeable future. Accordingly, the Directors consider it appropriate to prepare the financial statements on the going concern basis.

2.3

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 debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the Company's accounting policies, the Directors are required to make estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. There are no estimates and judgements in these financial statements.

Employees

The average monthly number of employees, including Directors, during the year ended 31 March 2026 was 2 (3 month period ended 31 March 2025: 2).

Page 9

AQUILA INTELLIGENCE SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

5.	Share capital
		31 March 2026	31 March 2025
		£	£

Allotted, called up and fully paid

1,000 (2025: 1,000) Ordinary shares of £1.00 each	1,000	1,000

The ordinary shares include full rights to voting, dividends and the entitlement to participate on a return of capital. The shares are non-redeemable.

Reserves

Share premium account

This reserve records the excess paid for shares above their nominal value.

Profit and loss account

The profit and loss account represents reserves that have been accumulated through the normal course of trade.

7.	Related party transactions
	The Company has taken advantage of the exemption available in FRS 102 1A whereby it has not disclosed transactions with the immediate parent or any wholly owned subsidiary undertaking of the group.

8.	Controlling party

The immediate parent company is Clover Bidco Limited, a company registered in England and Wales. The ultimate parent company and the smallest and largest group in which the results are consolidated is Multiverse (Topco) Limited as at 31 March 2026. The registered office of Multiverse (Topco) Limited is 12 Kirtley Drive, Nottingham, England, NG7 1LD. The accounts of Multiverse (Topco) Limited can be obtained from the registrar of Companies, Crown Way, Cardiff, CF14 3UZ.
The ultimate controlling party is Bowmark Capital LLP. The registered office of Bowmark Capital LLP is One, Eagle Place, London, SW1Y 6AF. The accounts of Bowmark Capital LLP can be obtained from the Registrar of Companies, Crown Way, Cardiff, CF14 3UZ.

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