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REGISTERED NUMBER: 10267904 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Crypto Quantique Limited

Crypto Quantique Limited (Registered number: 10267904)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crypto Quantique Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Dr P Camilleri
Dr S Mossayebi
Parkwalk Advisors Ltd
Mr R A Clyde
Mr P Lipman
Mr L Rajah





REGISTERED OFFICE: The Print Rooms
Units 304-5, 164-180 Union Street
London
SE1 0LH





REGISTERED NUMBER: 10267904 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Crypto Quantique Limited (Registered number: 10267904)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 366,860 232,166
Tangible assets 5 77,574 97,817
444,434 329,983

CURRENT ASSETS
Debtors 6 149,145 134,889
Cash at bank 3,001,365 700,227
3,150,510 835,116
CREDITORS
Amounts falling due within one year 7 (294,861 ) (264,502 )
NET CURRENT ASSETS 2,855,649 570,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,300,083

900,597

CREDITORS
Amounts falling due after more than one
year

8

(20,874

)

(20,874

)

PROVISIONS FOR LIABILITIES 9 (19,393 ) (18,585 )
NET ASSETS 3,259,816 861,138

CAPITAL AND RESERVES
Called up share capital 330 219
Share premium 19,257,144 13,257,253
Retained earnings (15,997,658 ) (12,396,334 )
3,259,816 861,138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

Crypto Quantique Limited (Registered number: 10267904)

Balance Sheet - continued
31 July 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:





Dr S Mossayebi - Director


Crypto Quantique Limited (Registered number: 10267904)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Crypto Quantique Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Crypto Quantique Limited (Registered number: 10267904)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023 290,647
Additions 173,065
At 31 July 2024 463,712
AMORTISATION
At 1 August 2023 58,481
Charge for year 38,371
At 31 July 2024 96,852
NET BOOK VALUE
At 31 July 2024 366,860
At 31 July 2023 232,166

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 54,103 26,098 322,615 402,816
Additions - - 10,686 10,686
At 31 July 2024 54,103 26,098 333,301 413,502
DEPRECIATION
At 1 August 2023 19,523 16,923 268,553 304,999
Charge for year 8,645 1,835 20,449 30,929
At 31 July 2024 28,168 18,758 289,002 335,928
NET BOOK VALUE
At 31 July 2024 25,935 7,340 44,299 77,574
At 31 July 2023 34,580 9,175 54,062 97,817

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
VAT 54,164 57,113
Prepayments 78,943 61,738
133,107 118,851

Crypto Quantique Limited (Registered number: 10267904)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Rental deposit 16,038 16,038

Aggregate amounts 149,145 134,889

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 182,384 103,642
Social security and other taxes 72,975 72,683
Pension Fund 18,828 31,548
Accrued expenses 20,674 56,629
294,861 264,502

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Directors' loan accounts 20,874 20,874

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 19,393 18,585

Deferred
tax
£   
Balance at 1 August 2023 18,585
Provided during year 808
Accelerated capital
allowances
Balance at 31 July 2024 19,393

10. OTHER FINANCIAL COMMITMENTS

There are outstanding financial commitments in relation to the rent of the office as at 31st July 2024 totalling £71,750.

Crypto Quantique Limited (Registered number: 10267904)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Dr S Mossayebi
Balance outstanding at start of year 20,874 20,874
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,874 20,874