Flare Software Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04502568

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		10,177		10,186

			10,177		10,186
CURRENT ASSETS
Debtors	5	31,211		48,507
Investments	6	50,881		29,803
Cash at bank and in hand		65,859		54,386

		147,951		132,696
Creditors: Amounts Falling Due Within One Year	7	(27,385 )		(37,472 )

NET CURRENT ASSETS (LIABILITIES)			120,566		95,224

TOTAL ASSETS LESS CURRENT LIABILITIES			130,743		105,410

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,882 )		(2,352 )

NET ASSETS			127,861		103,058

CAPITAL AND RESERVES
Called up share capital	8		60		60
Capital redemption reserve			30		30
Profit and Loss Account			127,771		102,968

SHAREHOLDERS' FUNDS			127,861		103,058

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Flare Software Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr J Fairhead Director	Mr J Chiswell Jones Director
25/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Flare Software Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04502568 . The registered office is The Hive, 6 Beaufighter Road, Weston-Super-Mare, North Somerset, BS24 8EE.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	20% on reducing balance
Computer Equipment	25% on reducing balance

2.5. Financial Instruments

The company only enters into basic financial instruments tranasctions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Short term debtors are measured at transaction price less any impairment.

Short term creditors are measured at transaction priice.

Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Other financial liabilities, including borrowings are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, with interest expense recognised on an effective yield basis.

Current asset investments comprise quoted securities and have investments purposes rather than cash liquidity. There are initially recognised at cost and subsequently carried at fair value with gains or losses recognised in the profit and loss account.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Flare Software Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	6,365	19,461	25,826
Additions	110	3,786	3,896
Disposals	-	(2,922 )	(2,922 )

As at 31 March 2026	6,475	20,325	26,800

Depreciation
As at 1 April 2025	4,754	10,886	15,640
Provided during the period	347	2,922	3,269
Disposals	-	(2,286 )	(2,286 )

As at 31 March 2026	5,101	11,522	16,623

Net Book Value
As at 31 March 2026	1,374	8,803	10,177

As at 1 April 2025	1,611	8,575	10,186

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	26,220	46,224
Prepayments and accrued income	2,899	2,283
Other debtors	1,000	-
Other taxes and social security	1,092	-

	31,211	48,507

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Flare Software Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Current Asset Investments

	2026	2025
	£	£
Listed investments	50,881	29,803

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	46	-
Corporation tax	13,697	21,396
Other taxes and social security	-	279
VAT	11,618	13,924
Accruals and deferred income	1,955	1,804
Directors' loan accounts	69	69

	27,385	37,472

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	60	60

9. Related Party Transactions

At the balance sheet date the company owed £69 (2025 : £69) to the directors. This amount was repayable on demand and no ineterst was charged.

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