Avantgarde Finance Ltd

	Page
Company Information	1
Directors' Report	2
Accountant's Report	3
Profit and Loss Account	4
Statement of Comprehensive Income	5
Balance Sheet	6—7
Notes to the Financial Statements	8—11

Page 1

Page 2

Company No. 11703938

Directors' Report For The Year Ended 31 December 2024

Directors' Report

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors

The directors who held office during the year were as follows:

Ms Mona El Isa

Mr Dylan Grice

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

On behalf of the board

Ms Mona El Isa

Director

23rd May 2025

Page 2

Page 3

Avantgarde Finance Ltd

Accountant's Report

For The Year Ended 31 December 2024

Accountant's Report

In accordance with the engagement letter dated 10 April 2024, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 December 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

23rd May 2025

Nephos Accountants Limited

Formal House

60 St. Georges Place

Cheltenham

GL50 3PN

Page 3

Page 4

Avantgarde Finance Ltd

Profit and Loss Account

For The Year Ended 31 December 2024

Profit and Loss Account

		2024	2023
	Notes	£	£
TURNOVER		1,514,938	656,190
Cost of sales		(39,284 )	(895,359 )

GROSS PROFIT/(LOSS)		1,475,654	(239,169 )

Administrative expenses		(756,019 )	(1,526,289 )

OPERATING PROFIT/(LOSS)		719,635	(1,765,458 )
Other interest receivable and similar income		40,295	31,304

PROFIT/(LOSS) BEFORE TAXATION		759,930	(1,734,154 )
Tax on Profit/(loss)		(15,115 )	140,046

PROFIT/(LOSS) AFTER TAXATION BEING PROFIT/(LOSS) FOR THE FINANCIAL YEAR		744,815	(1,594,108 )

The notes on pages 8 to 11 form part of these financial statements.

Page 4

Page 5

Avantgarde Finance Ltd

Statement of Comprehensive Income

For The Year Ended 31 December 2024

Statement of Comprehensive Income

	2024	2023
	£	£
PROFIT FOR THE FINANCIAL YEAR	744,815	(1,594,108 )
OTHER COMPREHENSIVE INCOME:
Gain on revaluation of other assets	297,332	517,788
Tax credit/(expense) on components of other comprehensive income	55,031	(122,675 )

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	1,097,178	(1,198,995 )

Page 5

Page 6

Avantgarde Finance Ltd

Balance Sheet

As At 31 December 2024

Balance Sheet

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		714,602		304,984
Tangible Assets	5		487		-
Investments	6		557,926		78,547

			1,273,015		383,531
CURRENT ASSETS
Debtors	7	1,967,649		1,164,367
Cash at bank and in hand		599,341		1,158,694

		2,566,990		2,323,061
Creditors: Amounts Falling Due Within One Year	8	(93,534 )		(57,324 )

NET CURRENT ASSETS (LIABILITIES)			2,473,456		2,265,737

TOTAL ASSETS LESS CURRENT LIABILITIES			3,746,471		2,649,268

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(74,417 )		(129,448 )

NET ASSETS			3,672,054		2,519,820

CAPITAL AND RESERVES
Called up share capital	10		2		2
Share premium account			4,931,931		4,931,931
Other reserves			704,007		648,950
Profit and Loss Account			(1,963,886 )		(3,061,063 )

SHAREHOLDERS' FUNDS			3,672,054		2,519,820

Page 6

Page 7

Avantgarde Finance Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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 in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Ms Mona El Isa

Director

23rd May 2025

The notes on pages 8 to 11 form part of these financial statements.

Page 7

Page 8

Avantgarde Finance Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Avantgarde Finance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11703938 . The registered office is 12 new fetter lane, London, EC4A 1JP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets represent digital assets held by the company at the year end. Digital assets are recognised in accordance with the requirements of FRS102.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33%

2.5. 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.

...CONTINUED

Page 8

Page 9

Avantgarde Finance Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Taxation - continued

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.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.7. Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 3)

4. Intangible Assets

	Other
	£
Cost or Valuation
As at 1 January 2024	304,984
Additions	887,416
Revaluations	79,039
Disposals	(556,837 )

As at 31 December 2024	714,602

Net Book Value
As at 31 December 2024	714,602

As at 1 January 2024	304,984

Page 9

Page 10

Avantgarde Finance Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	-
Additions	547

As at 31 December 2024	547

Depreciation
As at 1 January 2024	-
Provided during the period	60

As at 31 December 2024	60

Net Book Value
As at 31 December 2024	487

As at 1 January 2024	-

6. Investments

	Unlisted
	£
Cost
As at 1 January 2024	78,547
Additions	394,718
Revaluations	84,661

As at 31 December 2024	557,926

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	557,926

As at 1 January 2024	78,547

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,598	8,954
Other debtors	1,966,051	1,155,413

	1,967,649	1,164,367

Page 10

Page 11

Avantgarde Finance Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	13,507	44,728
Other loans	80,027	-
Other creditors	-	12,596

	93,534	57,324

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	74,417	129,448

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

Page 11