Simeio Solutions Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

Simeio Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07381686 . The registered office is 35 New Broad Street, London, EC2M 1NH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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 rounded to the nearest pound.

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.

2.2. Going Concern Disclosure

These financial statements are prepared on the going concern basis. Directors have a reasonable expectation that the

company will continue in operational existence for the foreseeable future. However, the directors are aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern.

Due to the company’s negative reserves at the year end, it continues to be reliant on its parent company for funding.

The directors have assessed the financial position and cash flow forecast for the parent company and group. The directors believe that existing cash will be sufficient to fund operations through at least 12 months following the approval date of these financial statements, based upon the parent company's ability to support the company's operations with additional funds as required.

The accompanying financial statements have been prepared assuming the company will continue as a going concern, which contemplates the realisation of assets and the satisfaction of liabilities in the normal course of business.

2.3. Turnover

Revenue is measured based on the consideration specified in a contract with a customer and excludes amounts collected on behalf of third parties. The company recognises revenue when it transfers control of a product or service to a customer.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

The company recognises revenue from the following major sources: contracts with customers.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue is measured at the fair value of the consideration received or receivable and represents amount receivable for services rendered, net of discounts, returns and Value Added Taxes (VAT). The company recognises revenue when the amount of revenue can be reliably measured; when it is probable that future economic benefits will flow to the entity; and when specific criteria have been met for each of the company activities as described below:

Revenue from providing services is recognised in the accounting period in which the services are rendered.

Invoices are either raised in advance or once performance obligations have been completed.

Payment Terms are depending on the contract but typically 30 or 60 days.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are Software Development. It is amortised to the profit and loss account over its estimated economic life of 5 years.

2.5. Leasing and Hire Purchase Contracts

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

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Simeio Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditor, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.7. Foreign Currencies

Transactions in currencies other pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

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

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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Simeio Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 6)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	-
Additions	10,068

As at 31 December 2025	10,068

Amortisation
As at 1 January 2025	-
Provided during the period	679

As at 31 December 2025	679

Net Book Value
As at 31 December 2025	9,389

As at 1 January 2025	-

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	209,862	250,101
Prepayments and accrued income	170,914	168,464
Other debtors	3,039	-
Deferred tax current asset	144,139	284,000
Called up share capital not paid	1,000	1,000

	528,954	703,565
Due after more than one year
Amounts owed by group undertakings	1,411,105	687,147

	1,940,059	1,390,712

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	136,989	83,005
VAT	4,909	9,649
Other creditors	2,549	5,661
Deferred Income	208,224	1,238,839
Accruals	80,141	19,688

	432,812	1,356,842

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Amounts owed to group undertakings	1,974,082	927,380

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Simeio Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Share Capital

	2025	2024
	£	£
Called Up Share Capital not Paid	1,000	1,000

Amount of Allotted, Called Up Share Capital	1,000	1,000

9. Related Party Transactions

Simeio Netherlands is a branch of Simeio Solutions Limited and all the income and costs for the year relating to this branch have been included in these financial statements. As at the year end, the amount due from the branch was £15,288 (2024: £nil).

Simeio Solutions LLC provided IT services and management support to Simeio Solutions Limited in the year to a value of £643,367 (2024:£436,917). Simeio Solutions Limited provided IT services to Simeio Solutions LLC amounting to £21,826 (2024: £nil). The loan due to Simeio Solutions Ltd from Simeio Solutions LLC amounted to £638,931 (2024: £370,086). The debtor balance due from Simeio Solutions LLC to Simeio Solutions Limited as at 31 December 2025 was £64,305 (2024: £445,590) after adjusting for the loan balance and other relevant adjustments.

During the year, Simeio Solutions Private Limited, India, provided IT services to Simeio Solutions Limited totalling £700,764 (2024: £744,939). The creditor balance owed by Simeio Solutions Limited to Simeio Solutions Private Limited as at 31 December 2025 was £795,139 (2024: £321,720).

No additional loan was advanced by Simeio Solutions Limited to Simeio Solutions Canada during 2025 (2024: £240,135). In addition, Simeio Solutions Limited provided services totalling £70,543 to Simeio Solutions Canada during 2025. As a result, the total balance due from Simeio Solutions Canada as at 31 December 2025 was £310,678.

The creditor balance owed to Simeio Solutions Dubai decreased from £160,070 as at 31 December 2024 to £142,821 as at 31 December 2025.

10. Ultimate Controlling Party

The Parent Company is Simeio LLC a company registered USA. Address is 11720 Amber Park Dr, Suite 400, Alpharetta, GA 30009. The directors do not consider there to be one ultimate controlling party.

11. Audit Information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor’s report on the company’s financial statements for the year ended 31 December 2025 was unqualified.

The auditor’s report included a “Material Uncertainty related to Going Concern paragraph which draws attention to note 2.2 in the financial statements regarding the company’s ability to continue as a going concern.

The auditor’s opinion was not modified in respect of this matter.

The auditor's report was signed by Paul Francis (Senior Statutory Auditor) for and on behalf of Hill Osborne Audit Services Ltd , Statutory Auditor.

Hill Osborne Audit Services Ltd

2 Winchester Place

North Street

Poole

BH15 1NX

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		9,389		-

			9,389		-
CURRENT ASSETS
Debtors	5	1,940,059		1,390,712
Cash at bank and in hand		262,820		279,301

		2,202,879		1,670,013
Creditors: Amounts Falling Due Within One Year	6	(432,812 )		(1,356,842 )

NET CURRENT ASSETS (LIABILITIES)			1,770,067		313,171

TOTAL ASSETS LESS CURRENT LIABILITIES			1,779,456		313,171

Creditors: Amounts Falling Due After More Than One Year	7		(1,974,082 )		(927,380 )

NET LIABILITIES			(194,626 )		(614,209 )

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Profit and Loss Account			(195,626 )		(615,209 )

SHAREHOLDERS' FUNDS			(194,626)		(614,209)