Company Registration No. 15396489 (England and Wales)
Conduct AI Ltd
Unaudited accounts
for the year ended 31 January 2026
Conduct AI Ltd
Unaudited accounts
Contents
Conduct AI Ltd
Company Information
for the year ended 31 January 2026
Directors
Jan Philipp Haas
Henry Iwase Thompson
Philipp Höfer
Peter Christoph Patrick Specht
Sahir Azam
Company Number
15396489 (England and Wales)
Registered Office
42 Berners Street
Floor 6
London
W1T 3ND
England
Accountants
Barnes & Scott
86-90 Paul Street
London
EC2A 4NE
Conduct AI Ltd
Statement of financial position
as at 31 January 2026
Intangible assets
50,123
-
Tangible assets
11,770
4,314
Debtors
1,172,420
1,654,508
Cash at bank and in hand
5,155,536
4,428,502
Creditors: amounts falling due within one year
(542,324)
(83,435)
Net current assets
5,785,632
5,999,575
Total assets less current liabilities
5,847,525
6,003,889
Creditors: amounts falling due after more than one year
(1,516,363)
(1,516,363)
Net assets
4,331,162
4,487,526
Called up share capital
424
424
Share premium
7,144,541
5,419,968
Capital contribution reserve
202,775
-
Profit and loss account
(3,016,578)
(932,866)
Shareholders' funds
4,331,162
4,487,526
For the year ending 31 January 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2026 and were signed on its behalf by
Jan Philipp Haas
Director
Company Registration No. 15396489
Conduct AI Ltd
Notes to the Accounts
for the year ended 31 January 2026
Conduct AI Ltd is a private company, limited by shares, registered in England and Wales, registration number 15396489. The registered office is 42 Berners Street, Floor 6, London, W1T 3ND, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Expenditure on research and development is written off in the year in which it is incurred.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Conduct AI Ltd
Notes to the Accounts
for the year ended 31 January 2026
The directors consider the going concern basis to be appropriate having paid due regard to the company's projected results during the twelve months from the date the financial statements are approved and anticipated cash flows, availability of financing facilities and mitigating actions that can be taken during the period.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The Company participates in an Enterprise Management Incentive (“EMI”) share option scheme for certain employees. Under the scheme, eligible employees of the Company have been granted options over shares in the Company. The options are subject to specified vesting conditions, with employees becoming entitled to exercise their options in accordance with the terms of the relevant option agreements.
The fair value of share options granted to employees of the Company is recognised as an employee expense over the applicable vesting period, with a corresponding credit recognised in equity, in accordance with Section 26 of FRS 102.
The Company has entered a debit of £202,775 through the profit and loss account, being the estimated fair value movement in share options to the period end date. Of this, £33,718 relates to the period ended 31 January 2025, and £169,057 relates to the period ended 31 January 2026.
As the prior period accounts did not report the share options, the number outstanding at the start of the current period has been restated as 1,522,150.
The number and weighted average exercise prices of the share options are as follows:
(i) outstanding at the beginning of the period: 1,522,150 options at a weighted average exercise price of £0.00001
(ii) granted during the period: 644,500 options at a weighted average exercise price of £0.00001;
(iii) forfeited during the period: 420,000 options at a weighted average exercise price of £0.00001;
(iv) exercised during the period: Nil:
(v) expired during the period: Nil;
(vi) outstanding at the end of the period: 1,746,650 options at a weighted average exercise price of £0.00001; and
(vii) exercisable at the end of the period: 379,452 options at a weighted average exercise price of £0.00001;
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Intangible fixed assets
Other
Conduct AI Ltd
Notes to the Accounts
for the year ended 31 January 2026
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2025
-
5,393
5,393
Additions
2,853
6,665
9,518
At 31 January 2026
2,853
12,058
14,911
At 1 February 2025
-
1,079
1,079
Charge for the year
428
1,634
2,062
At 31 January 2026
428
2,713
3,141
At 31 January 2026
2,425
9,345
11,770
At 31 January 2025
-
4,314
4,314
Amounts falling due within one year
Accrued income and prepayments
273,357
-
Other debtors
734,089
1,654,508
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Creditors: amounts falling due within one year
2026
2025
Trade creditors
314,415
21,291
Taxes and social security
71,099
59,576
Other creditors
5,467
2,568
8
Creditors: amounts falling due after more than one year
2026
2025
Other creditors
1,516,363
1,516,363
Conduct AI Ltd
Notes to the Accounts
for the year ended 31 January 2026
9
Operating lease commitments
2026
2025
At 31 January 2026 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
632,734
-
Later than one year and not later than five years
57,521
-
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Average number of employees
During the year the average number of employees was 14 (2025: 6).