Registration number: 10106827

Ontology Labs Limited

Company Information

Directors

R Payne J Payne

Registered office

Manor House 111 High Street Abbotsley St. Neots PE19 6UE

Accountants

EVMS Partners LLP Chartered Accountants45 Ludgate Hill London EC4M 7JU

Ontology Labs Limited

(Registration number: 10106827)
Balance Sheet as at 30 April 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	16,630	66,513
Current assets
Debtors	5	10,988	75,250
Investments	6	120,000	-
Cash at bank and in hand		123,755	106,131
		254,743	181,381
Creditors: Amounts falling due within one year	7	(12,383)	(6,445)
Net current assets		242,360	174,936
Net assets		258,990	241,449
Capital and reserves
Called up share capital		2	2
Retained earnings		258,988	241,447
Shareholders' funds		258,990	241,449

For the financial year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 October 2026 and signed on its behalf by:
 

R Payne Director

Ontology Labs Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

1	General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is: Manor House, 111 High Street, Abbotsley, St. Neots, PE19 6UE.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

•	the amount of revenue can be measured reliably;

•	it is probable that the Company will receive the consideration due under the contract;

•	the stage of completion of the contract at the end of the reporting period can be measured reliably; and

•	the costs incurred and the costs to complete the contract can be measured reliably.

Tax

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Depreciation

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:

Ontology Labs Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

Asset class	Depreciation method and rate
Fixtures and fittings	25% per annum
Other equipment	25% per annum

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The Company does not trade in financial instruments and all such instruments arise directly from operations.

All trade and other debtors are initially recognised at transaction value, as none contain in substance a financing transaction. Thereafter trade and other debtors are reviewed for impairment where there is objective evidence based on observable data at the balance sheet date that the balance may be impaired. The company does not hold collateral against its trade and other debtors so its exposure to credit risk is the net balance of trade and other debtors after allowance for impairment.

The company's cash holdings comprise on demand balances. All cash is held with banks with strong external credit ratings. Deposits with maturity greater than three months at the balance sheet date are shown as other investments.

Trade and other creditors and accruals are initially recognised at transaction value as none represent a financing transaction. They are only derecognised when they are extinguished.

As the company only has short term receivables and payables, its net current asset position is a reasonable measure of its liquidity at any given time.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

Ontology Labs Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

4	Tangible assets

	Fixtures and fittings £	Other equipment £	Total £
Cost
At 1 May 2025	3,918	108,928	112,846
Disposals	-	(48,933)	(48,933)
At 30 April 2026	3,918	59,995	63,913
Depreciation
At 1 May 2025	1,048	45,285	46,333
Charge for the year	1,235	18,057	19,292
Eliminated on disposal	-	(18,342)	(18,342)
At 30 April 2026	2,283	45,000	47,283
Carrying amount
At 30 April 2026	1,635	14,995	16,630
At 30 April 2025	2,870	63,643	66,513

5

Debtors

Current	2026 £	2025 £
Trade debtors	10,988	-
Other debtors	-	75,250
	10,988	75,250

Included within other debtors is £nil (2025: £9,000) due from Exzession Limited, a company subject to common control. No interest is charged on this balance.

6	Current asset investments

	2026 £	2025 £
Other investments	120,000	-

Ontology Labs Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Taxation and social security	6,583	3,445
Accruals and deferred income	3,000	3,000
Other creditors	2,800	-
	12,383	6,445