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REGISTERED NUMBER: 13433651 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

CLIMATE AI LIMITED

PREVIOUSLY KNOWN AS
QUANTUM INTELL LIMITED

CLIMATE AI LIMITED (REGISTERED NUMBER: 13433651)
PREVIOUSLY KNOWN AS QUANTUM INTELL LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

CLIMATE AI LIMITED
PREVIOUSLY KNOWN AS QUANTUM INTELL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: S R Watts





REGISTERED OFFICE: 2 Oakfield Road
Clifton
Bristol
BS8 2AL





REGISTERED NUMBER: 13433651 (England and Wales)





ACCOUNTANTS: PJE Chartered Accountants
2 Oakfield Road
Clifton
Bristol
BS8 2AL

CLIMATE AI LIMITED (REGISTERED NUMBER: 13433651)
PREVIOUSLY KNOWN AS QUANTUM INTELL LIMITED

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
CURRENT ASSETS
Debtors 4 151 337
Cash at bank 2,994 10,517
3,145 10,854
CREDITORS
Amounts falling due within one year 5 96,258 50,059
NET CURRENT LIABILITIES (93,113 ) (39,205 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(93,113

)

(39,205

)

CAPITAL AND RESERVES
Called up share capital 6 100 50,000
Retained earnings (93,213 ) (89,205 )
SHAREHOLDERS' FUNDS (93,113 ) (39,205 )

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

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

CLIMATE AI LIMITED (REGISTERED NUMBER: 13433651)
PREVIOUSLY KNOWN AS QUANTUM INTELL LIMITED

BALANCE SHEET - continued
31 AUGUST 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 director and authorised for issue on 29 August 2025 and were signed by:





S R Watts - Director


CLIMATE AI LIMITED (REGISTERED NUMBER: 13433651)
PREVIOUSLY KNOWN AS QUANTUM INTELL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Climate AI Limited (formerly Quantum Intell Limited) is a limited company, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

On 21 August 2023, the directors passed a special resolution to re-register from a Public Limited Company to a Private Limited Company by the name of Quantum Intell Limited.

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.

The director considers the use of going concern basis of accounting appropriate. The company has a negative balance sheet value for the year ended 31st August 2024 of £52,913 and a loss of £13,708. The company is in early stages of development and the director has agreed to support the company to ensure it has adequate financial resources to continue in operational existence for the foreseeable future.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

CLIMATE AI LIMITED (REGISTERED NUMBER: 13433651)
PREVIOUSLY KNOWN AS QUANTUM INTELL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
VAT 151 182
Prepayments - 155
151 337

The Directors have not recognised a deferred tax asset within the accounts, which arises from the trading losses, as it is uncertain whether these will be relievable against future profits.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Amounts owed to group undertakings 42,545 -
Directors' current accounts 52,313 34,659
Accrued expenses 1,400 15,400
96,258 50,059

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
10,000 Ordinary £0.01 100 50,000

On 31 August 2024, the company passed a special resolution to reduce its share capital. The nominal value of the share capital was reduced from £50,000, consisting of 5,000,000 shares with a nominal value of £0.01 each, to £100, consisting of 10,000 shares with a nominal value of £0.01 each.

As a result of this reduction, £49,900 has been transferred to distributable reserves, increasing the company’s retained earnings and making the amount available for distribution.

The ordinary shares have full voting rights and full entitlement to profit and capital distributions.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CLIMATE AI LIMITED
PREVIOUSLY KNOWN AS QUANTUM INTELL LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Climate AI Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Climate AI Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Climate AI Limited and state those matters that we have agreed to state to the director of Climate AI Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Climate AI Limited and its director for our work or for this report.

It is your duty to ensure that Climate AI Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Climate AI Limited. You consider that Climate AI Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Climate AI Limited. 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 statutory financial statements.






PJE Chartered Accountants
2 Oakfield Road
Clifton
Bristol
BS8 2AL


29 August 2025