REGISTERED NUMBER: 13632178 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TAO VENTURES LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Director:

Mr J. Sy, Jr

Secretary:

Vistra Cosec Limited

Registered office:

Suite 1, 7th Floor

50 Broadway

London

SW1H 0BL

Registered number:

13632178 (England and Wales)

Auditors:

Fuller & Roper Limited

Chartered Accountants and Statutory Auditors

12 Old Mills Industrial Estate

Paulton

BS39 7SU

FIXED ASSETS

Investments

4

1,900,238

2,200,237

CURRENT ASSETS

Cash in hand

100

100

CREDITORS

Amounts falling due within one year

5

(2,289,860

)

(2,273,898

)

NET CURRENT LIABILITIES

(2,289,760

)

(2,273,798

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(389,522

)

(73,561

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

(389,622

)

(73,661

)

SHAREHOLDERS' FUNDS

(389,522

)

(73,561

)

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 19 August 2025 and were signed by:

Mr J. Sy, Jr - Director

1.	STATUTORY INFORMATION

Tao Ventures 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.

The company’s functional and presentational currency is US Dollars (USD) and the financial statements have been rounded to the nearest dollar ($).

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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Foreign currencies

Assets and liabilities in foreign currencies are translated into dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into dollars at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments

Other Investments are stated at cost less provision for any impairment in value. Impairments are reviewed annually and charged to the profit and loss account if required.

Going concern

At the balance sheet date the company had net current liabilities. The director considers it appropriate to prepare the financial statements using the going concern basis as the parent company will continue to provide support to ensure that the company can to continue to meet its obligations.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares

Particulars

2024

2023

$

$

Cost

1,900,238

1,900,238

Total

1,900,238

1,900,238

Loans

Particulars

2024

2023

$

$

Cost

300,000

300,000

Less: Impairment

(300,000

)

-

Total

-

300,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

$

$

Amounts owed to participating interests

2,274,269

2,262,252

Taxation and social security

1,595

-

Other creditors

13,996

11,646

2,289,860

2,273,898

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2024

2023

value:

$

$

100

Ordinary

$1

100

100

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Simon Roper (Senior Statutory Auditor)

Fuller & Roper Limited Fuller & Roper Limited

8.	ULTIMATE PARENT COMPANY

The immediate and ultimate controlling party is Tao Corporation which is incorporated in the Philippines with the registered address of Tao Corporate Centre, 90 PE Antonio Street, Brgy, Ugong, Pasig City, 1604.