REGISTERED NUMBER: 07521761 (England and Wales)

Monad Software Ltd

Unaudited Financial Statements

for the Year Ended 30th March 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Directors:

B J Curthoys

A Curthoys

Secretary:

B J Curthoys

Registered office:

62 Church Street

Berwick-Upon-Tweed

Northumberland

TD15 1DU

Registered number:

07521761 (England and Wales)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Intangible assets

4

500,000

500,000

Tangible assets

5

789

1,417

500,789

501,417

Current assets

Debtors

6

15,672

8,825

Cash at bank

20,504

6,832

36,176

15,657

Creditors

Amounts falling due within one year

7

22,531

17,458

Net current assets/(liabilities)

13,645

(1,801

)

Total assets less current liabilities

514,434

499,616

Provisions for liabilities

150

269

Net assets

514,284

499,347

Capital and reserves

Called up share capital

100

100

Revaluation reserve

8

466,134

466,134

Retained earnings

48,050

33,113

Shareholders' funds

514,284

499,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st October 2026 and were signed on its behalf by:

B J Curthoys - Director

1.	Statutory information

Monad Software Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

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

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

Intangible assets

Intangible assets arising from the development of ticketing software are measured at fair value less any subsequent accumulated amortisation and any subsequent accumulated impairment losses, with changes being recorded through the Revaluation Reserve.

It is the intention of the Directors not to capitalise future development costs but to treat development salaries as expenses recognised on the Profit and Loss account. The continued development expenses serve to maintain the software and keep it up to date, so there is no need to amortise the value of the intangible asset.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Office equipment

-

25% on reducing balance

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

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, shareholders loans and directors' loans.

Shareholders loans, directors' loans (being repayable on demand), trade debtors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the statement of income and retained earnings in the period in which they are incurred.

Going concern

The directors have considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was 2 (2025 - 2 ) .

4.	Intangible fixed assets

Development

costs

£

Cost

At 31st March 2025

and 30th March 2026

500,000

Net book value

At 30th March 2026

500,000

At 30th March 2025

500,000

5.	Tangible fixed assets

Office

equipment

£

Cost

At 31st March 2025

and 30th March 2026

5,002

Depreciation

At 31st March 2025

3,585

Charge for year

628

At 30th March 2026

4,213

Net book value

At 30th March 2026

789

At 30th March 2025

1,417

6.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

5,882

575

Amounts recoverable on contract

7,418

5,729

Other debtors

2,372

2,521

15,672

8,825

7.

Creditors: amounts falling due within one year

2026

2025

£

£

Trade creditors

513

288

Taxation and social security

9,532

4,685

Other creditors

12,486

12,485

22,531

17,458

8.

Reserves

Revaluation

reserve

£

At 31st March 2025

and 30th March 2026

466,134

9.	Directors' advances, credits and guarantees

The following advances and credits to director subsisted during the year ended 30 March 2024 and 30 March 2025:

2025

2024

£

£

Director 1

Balance outstanding at start of year

2,522

-

Amounts advanced

2,550

2,522

Amounts repaid

(2,700

)

-

Balance outstanding at end of year

2,372

2,522

This loan is unsecured, interest free and repayable on demand.

10.	Post balance sheet events

Since the year end, on 20 October 2026, a final dividend for the year ending 30 March 2026 of £42 per share has been declared.