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REGISTERED NUMBER: 12680475 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

MYRIAD QUANT LTD

MYRIAD QUANT LTD (REGISTERED NUMBER: 12680475)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


MYRIAD QUANT LTD

COMPANY INFORMATION
For The Year Ended 30 June 2023







DIRECTOR: H D Thomas





REGISTERED OFFICE: 7a Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT





REGISTERED NUMBER: 12680475 (England and Wales)

MYRIAD QUANT LTD (REGISTERED NUMBER: 12680475)

ABRIDGED BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,224 3,320

CURRENT ASSETS
Stocks 1,733,346 1,772,824
Cash at bank 132,426 122,288
1,865,772 1,895,112
CREDITORS
Amounts falling due within one year 268,425 215,418
NET CURRENT ASSETS 1,597,347 1,679,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,600,571

1,683,014

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,600,570 1,683,013
SHAREHOLDERS' FUNDS 1,600,571 1,683,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 10 October 2023 and were signed by:





H D Thomas - Director


MYRIAD QUANT LTD (REGISTERED NUMBER: 12680475)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023


1. STATUTORY INFORMATION

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

Turnover
Turnover represents profits on cryptocurrency arbitrage opportunities, excluding value added tax, sold during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Fixtures and fittings-25% on cost
Computer equipment-33.33% on cost
Plant and Machinery- 20% on Reducing balance

Inventory
Stock is comprised of a portfolio of cryptocurrencies including Bitcoin and Ethereum. Cryptocurrencies are stated at the lower of cost and estimated selling price, less costs to sell. Cost includes all costs of purchase.

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.

Current tax assets and liabilities are not discounted and are 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

MYRIAD QUANT LTD (REGISTERED NUMBER: 12680475)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 4,644
Additions 5,233
Disposals (3,649 )
At 30 June 2023 6,228
DEPRECIATION
At 1 July 2022 1,324
Charge for year 2,362
Eliminated on disposal (682 )
At 30 June 2023 3,004
NET BOOK VALUE
At 30 June 2023 3,224
At 30 June 2022 3,320