New Net Technologies Ltd

	Page
Company Information	1
Statement of Financial Position	2—3
Notes to the Financial Statements	4—9

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Statement of Financial Position

As At 31 January 2026

Statement of Financial Position

Registered number: 05601327

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		34,167

			-		34,167
CURRENT ASSETS
Debtors	6	5,421,673		5,194,428
Cash at bank and in hand		19,194		57,923

		5,440,867		5,252,351
Creditors: Amounts Falling Due Within One Year	7	(65,094 )		(256,559 )

NET CURRENT ASSETS (LIABILITIES)			5,375,773		4,995,792

TOTAL ASSETS LESS CURRENT LIABILITIES			5,375,773		5,029,959

NET ASSETS			5,375,773		5,029,959

CAPITAL AND RESERVES
Called up share capital	8		170		170
Share premium account			169,916		169,916
Capital redemption reserve			14		14
Income Statement			5,205,673		4,859,859

SHAREHOLDERS' FUNDS			5,375,773		5,029,959

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New Net Technologies Ltd

Statement of Financial Position (continued)

As At 31 January 2026

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 Income Statement.

On behalf of the board

N Dahm

Director

23/10/2026

The notes on pages 4 to 9 form part of these financial statements.

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New Net Technologies Ltd

Notes to the Financial Statements

For The Year Ended 31 January 2026

Notes to the Financial Statements

1. General Information

New Net Technologies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05601327 . The registered office is 5 New Street Square, London, EC4A 3TW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2. Going Concern Disclosure

The directors intend to wind down the company and therefore do not consider it appropriate to adopt the going concern basis of accounting. Accordingly, the financial statements have been prepared on a basis other than 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.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Research and Development

Research expenditure is written off in the period in which it is incurred.

Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met:

...CONTINUED

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New Net Technologies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.4. Research and Development - continued

It is technically feasible to complete the intangible asset so that it will be available for use or sale;
There is the intention to complete the intangible asset and use or sell it;
There is the ability to use or sell the intangible asset;
The use or sale of the intangible asset will generate probable future economic benefits;
There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and
The expenditure attributable to the intangible asset during its development can be measured reliably.

Expenditure that does not meet the above criteria is expensed as incurred.

2.5. 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:

Plant & Machinery	33% straight line
Fixtures & Fittings	33% straight line

2.6. Financial Instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost. Where investments in nonconvertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss.

All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment.

Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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New Net Technologies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. 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.

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

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement 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: 20)

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New Net Technologies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 February 2025	2,389,077

As at 31 January 2026	2,389,077

Amortisation
As at 1 February 2025	2,354,910
Provided during the period	34,167

As at 31 January 2026	2,389,077

Net Book Value
As at 31 January 2026	-

As at 1 February 2025	34,167

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 February 2025	24,066	1,885	25,951

As at 31 January 2026	24,066	1,885	25,951

Depreciation
As at 1 February 2025	24,066	1,885	25,951

As at 31 January 2026	24,066	1,885	25,951

Net Book Value
As at 31 January 2026	-	-	-

As at 1 February 2025	-	-	-

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New Net Technologies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	13,032	54,204
Amounts owed by group undertakings	5,325,046	5,138,119
Other debtors	83,595	2,105

	5,421,673	5,194,428

The directors have assessed the recoverability of amounts due from group undertakings and are satisfied that the balance is recoverable in full.

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	2,645	9,125
Other creditors	62,449	188,941
Taxation and social security	-	58,493

	65,094	256,559

8. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
170 Ordinary Shares of £ 1.00 each	170	170

9. Pension Commitments

The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £Nil (2025: £5,683) were due to the fund. They are included in Other Creditors.

10. Related Party Transactions

The directors have considered that there have been no material related party transactions that the Company has entered into that have not been concluded under normal market conditions.

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New Net Technologies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

11. Ultimate Parent Undertaking and Controlling Party

The Company is a wholly owned subsidiary of Netwrix (UK) Limited, a company incorporated in the United Kingdom whose principal place of business is 5 New Street Square, London, EC4A 3TW.

Netwrix Corporation is the parent undertaking of the smallest and largest group for which consolidated financial statements are prepared and of which the company is a member.

The registered office of Netwrix Corporation is Corporation Trust Center, 1209 Orange St., Wilmington DE19801.

12. Audit Information

The auditor's report on the accounts of New Net Technologies Ltd for the year ended 31 January 2026 was unqualified.

The auditor's report was signed by Khushil Gokani (Senior Statutory Auditor) for and on behalf of SAS Audit Limited , Statutory Auditor.

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Directors	G Summers
	N Dahm
	R Richart

Secretary	Taylor Wessing Secretaries Limited

Company Number	05601327

Registered Office	5 New Street Square
	London
	EC4A 3TW

Accountants	Sterling Accounting Solutions Ltd
	Chartered Accountants
	SAS House
	Chipperfield Road
	Kings Langley
	Hertfordshire
	WD4 9JB