Calidore Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Calidore Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15278162 . The registered office is 52 Catherine Grove, London, SE10 8FS.

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 recognised to the extent that it is probable that the economic benefit will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Where payments are received from customers in advance of the services being provided, these payments are accounted for as deferred income and included within creditors.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.5. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to 10 years on a straight line basis over their expected useful economic lives.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.6. Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible 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.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

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.

All equity instruments regardless of significance, and other financial assets that are individually significant, 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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Calidore Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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 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.

2.9. 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.

2.10. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11. Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required ot be recognised as part of the cost of stock or fixed assets.

The costs of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably commited ot terminate the employment of an employee or to provide termination benefits.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

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Calidore Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Intangible Assets

	Goodwill	Development Costs	Total
	£	£	£
Cost
As at 1 April 2025	280,000	67,407	347,407
Additions	-	58,433	58,433

As at 31 March 2026	280,000	125,840	405,840

Amortisation
As at 1 April 2025	35,000	4,998	39,998
Provided during the period	28,000	6,512	34,512

As at 31 March 2026	63,000	11,510	74,510

Net Book Value
As at 31 March 2026	217,000	114,330	331,330

As at 1 April 2025	245,000	62,409	307,409

5. Debtors

	31 March 2026	31 March 2025
	£	£
Due within one year
Trade debtors	53,397	58,828
Prepayments and accrued income	21,966	16,459
Other debtors	1	1

	75,364	75,288

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

6. Creditors: Amounts Falling Due Within One Year

	31 March 2026	31 March 2025
	£	£
Trade creditors	12,493	34,981
Other taxes and social security	28,604	28,926
Other creditors	41,756	79,169
Accruals and deferred income	75,430	85,434
Amounts due to group companies	93,000	135,147

	251,283	363,657

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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Calidore Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Share Capital

	31 March 2026	31 March 2025
	£	£
Allotted, Called up and fully paid	1	1

8. Related Party Transactions

The company has taken advantage of exemption, under the terms of the 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 in the group.

At the reporting date, the company had the following outstanding balances with group related company's:

Human Computer Interaction (York) Limited : £93,000

This amount is disclosed under Amounts due to group companies.

During the year, the company undertook a review of historic intercompany loan balances as part of a wider restructuring and simplification of the Group’s accounting records. Following this review, certain intercompany loan balances with related group companies were written off.

The companies involved are under common control. The write-offs have been recognised in the financial statements in the year and were undertaken to simplify the Group’s accounting records and remove historic balances that were no longer expected to be settled. The write offs are recognised within the statement of profit or loss under Exceptional items.

9. Parent Undertaking and Controlling Party

The ultimate parent company was Stronger Business Partners Holdings 1 Ltd, a company registered in the United Kingdom.

Stronger Business Partners Holdings 1 Ltd is a subsidiary of Stronger Business Partners Ltd, a company incorporated in the United Kingdom.

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		31 March 2026		31 March 2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		331,330		307,409

			331,330		307,409
CURRENT ASSETS
Debtors	5	75,364		75,288
Cash at bank and in hand		19,519		8,373

		94,883		83,661
Creditors: Amounts Falling Due Within One Year	6	(251,283 )		(363,657 )

NET CURRENT ASSETS (LIABILITIES)			(156,400 )		(279,996 )

TOTAL ASSETS LESS CURRENT LIABILITIES			174,930		27,413

NET ASSETS			174,930		27,413

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			174,929		27,412

SHAREHOLDERS' FUNDS			174,930		27,413