Company Registration No. 15611533 (England and Wales)
Talos Risk Limited
Unaudited accounts
for the period from 3 April 2024 to 31 March 2025
Talos Risk Limited
Unaudited accounts
Contents
Talos Risk Limited
Company Information
for the period from 3 April 2024 to 31 March 2025
Directors
Jefferey Michael Doran
Aneesh Varma
Company Number
15611533 (England and Wales)
Registered Office
8 Devonshire Square
Argo X Talos
London
EC2M 4YJ
United Kingdom
Accountants
IP Tax Solutions Ltd
M-SParc
Menai Science Park
Gaerwen
Anglesey
LL60 6AG
Talos Risk Limited
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
70,635
Creditors: amounts falling due within one year
(77,048)
Net current assets
100,403
Total assets less current liabilities
112,162
Creditors: amounts falling due after more than one year
(946,827)
Profit and loss account
(834,666)
Shareholders' funds
(834,665)
For the period ending 31 March 2025 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2025 and were signed on its behalf by
Aneesh Varma
Director
Company Registration No. 15611533
Talos Risk Limited
Notes to the Accounts
for the period from 3 April 2024 to 31 March 2025
Talos Risk Limited is a private company, limited by shares, registered in England and Wales, registration number 15611533. The registered office and principal place of business is 8 Devonshire Square, Argo X Talos, London, EC2M 4YJ, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
These financial statements have been prepared on a going concern basis as the parent company has pledged its continuing support for a minimum of 12 months from the date of issuing these financial statements.
Talos Risk Limited
Notes to the Accounts
for the period from 3 April 2024 to 31 March 2025
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Tangible fixed assets
Computer equipment
Charge for the period
2,515
Amounts falling due within one year
Accrued income and prepayments
12,685
6
Creditors: amounts falling due within one year
2025
Taxes and social security
26,677
7
Creditors: amounts falling due after more than one year
2025
Amounts owed to group undertakings and other participating interests
946,827
Allotted, called up and fully paid:
1,000,000 Ordinary shares of £0.000001 each
1
Shares issued during the period:
1,000,000 Ordinary shares of £0.000001 each
1
Talos Risk Limited
Notes to the Accounts
for the period from 3 April 2024 to 31 March 2025
The company's immediate and ultimate parent undertaking is ApolloBot Inc., a US company incorporated in the State of Delaware.
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Average number of employees
During the period the average number of employees was 5.