Silverfin false false 31/12/2024 31/12/2024 01/01/2024 no description of principal activity Dr Craig Collins 27/08/2018 Dr Anthony Greer 27/01/2017 Bengt Magnussen 27/01/2017 Leona Wikman 27/01/2017 10586708 2024-12-31 10586708 bus:Director1 2024-12-31 10586708 bus:Director2 2024-12-31 10586708 bus:Director3 2024-12-31 10586708 bus:Director4 2024-12-31 10586708 2023-12-31 10586708 core:CurrentFinancialInstruments 2024-12-31 10586708 core:CurrentFinancialInstruments 2023-12-31 10586708 2024-01-01 2024-12-31 10586708 bus:Micro-entities 2024-01-01 2024-12-31 10586708 bus:FilletedAccounts 2024-01-01 2024-12-31 10586708 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10586708 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10586708 bus:Director1 2024-01-01 2024-12-31 10586708 bus:Director2 2024-01-01 2024-12-31 10586708 bus:Director3 2024-01-01 2024-12-31 10586708 bus:Director4 2024-01-01 2024-12-31 10586708 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 10586708 (England and Wales)

TALO ELEMENTS (HOLDINGS) LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

TALO ELEMENTS (HOLDINGS) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

TALO ELEMENTS (HOLDINGS) LTD

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
TALO ELEMENTS (HOLDINGS) LTD

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
DIRECTORS Dr Craig Collins
Dr Anthony Greer
Bengt Magnussen
Leona Wikman
REGISTERED OFFICE Room 1072
Building A8
Cody Technology Park
Ively Road
Farnborough
GU14 0LX
United Kingdom
COMPANY NUMBER 10586708 (England and Wales)
CHARTERED ACCOUNTANTS Johnston Carmichael LLP
7-11 Melville Street
Edinburgh
EH3 7PE
TALO ELEMENTS (HOLDINGS) LTD

BALANCE SHEET

AS AT 31 DECEMBER 2024
TALO ELEMENTS (HOLDINGS) LTD

BALANCE SHEET (continued)

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
2024 2023
£ £
Fixed assets 59,775 59,775
Current assets 1,363,746 772,362
Creditors: amounts falling due within one year ( 6,238) ( 4,090)
Net current assets 1,357,508 768,272
Total assets less current liabilities 1,417,283 828,047
Net assets 1,417,283 828,047
Capital and reserves 1,417,283 828,047

For the financial 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.

Directors' responsibilities:

The financial statements of Talo Elements (Holdings) Ltd (registered number: 10586708) were approved and authorised for issue by the Board of Directors on 20 June 2025 and were signed on its behalf by:

Dr Anthony Greer
Director
TALO ELEMENTS (HOLDINGS) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
TALO ELEMENTS (HOLDINGS) LTD

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

1. Company information

The Company is a private company limited by shares and is incorporated in the United Kingdom and registered in England and Wales (Company no. 10586708). The address of its registered office is Room 1072, Building A8, Cody Technology Park, Ively Road, Farnborough, GU14 0LX, United Kingdom.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the financial year, excluding directors - -

3. Guarantees and other financial commitments

Contingent liabilities
2024 2023
£ £
Total contingent liabilities 75,000 75,000

A financial consultant has provided services in relation to the ongoing fundraising round. The fee in relation to the services provided is contingent on the success of the fundraising round which has not yet concluded.

4. Share Based Payments

At the Balance Sheet date 945,000 options remained outstanding (2023 – 945,000). Of these, 907,000 are held by key management personnel. The remaining 38,000 were issued to a supplier of a subsidiary company and after the reporting period were transferred to the supplier company’s shareholder and family members. All options have an exercise price of £0.000001.