NUSTOM (UK) LIMITED

	Page
Statement of Financial Position	1
Statement of Changes in Equity	2
Notes to the Financial Statements	3—4

Registered number: 15475675

		31 December 2024
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		22,255
Investments	5		8,587,066

			8,609,321
CURRENT ASSETS
Debtors	6	99,279
Cash at bank and in hand		323,663

		422,942
Creditors: Amounts Falling Due Within One Year	7	(9,411,290 )

NET CURRENT ASSETS (LIABILITIES)			(8,988,348 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(379,027 )

NET LIABILITIES			(379,027 )

Income Statement			(379,027 )

SHAREHOLDERS' FUNDS			(379,027)

For the period 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Jonas Werner Templestein

Director

02/09/2025

The notes on pages 3 to 4 form part of these financial statements.

	Share Capital	Income Statement	Total
	£	£	£
As at 9 February 2024	-	-	-
Loss for the period and total comprehensive income	-	(379,027 )	(379,027)

Arising on shares issued during the period	-	-	-

As at 31 December 2024	-	(379,027 )	(379,027)

1. General Information

NUSTOM (UK) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 15475675 . The registered office is 9th Floor 107 Cheapside, London, EC2V 6DN.The director has selected to prepare these finacial statements, which represents the company’s first set of accounts, for a 10 months 22 days period beginning from the date of incorporation of the company on 09 February 2024.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. 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

Over 3 years

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Investments

Listed investments are measured at fair value through profit or loss. Fair value is based on quoted market prices. Foreign currency investments are translated using the closing exchange rate at the reporting date. Gains and losses are recognised in profit or loss.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 3

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 9 February 2024	-
Additions	24,934

As at 31 December 2024	24,934

...CONTINUED

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NUSTOM (UK) LIMITED

Notes to the Financial Statements (continued)

For the Period 9 February 2024 to 31 December 2024

Depreciation
As at 9 February 2024	-
Provided during the period	2,679

As at 31 December 2024	2,679

Net Book Value
As at 31 December 2024	22,255

As at 9 February 2024	-

5. Investments

	Listed
	£
Cost
As at 9 February 2024	-
Additions	8,587,066

As at 31 December 2024	8,587,066

Provision
As at 9 February 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	8,587,066

As at 9 February 2024	-

Above investments are measured at fair value through profit or loss. The increase in fair value during the year of £58,553 has been recognised within other gains in the profit and loss account.

6. Debtors

	31 December 2024
	£
Due within one year
Other debtors	99,279

7. Creditors: Amounts Falling Due Within One Year

	31 December 2024
	£
Trade creditors	3,703
Amounts owed to participating interests	9,405,387
Other creditors	2,200

	9,411,290

8. Related Party Transactions

At the balance sheet date, the company owed £9,405,387 to its parent company, Nustom Inc. The amount is unsecured, interest-free, and repayable on demand. No guarantees have been given or received in respect of this balance

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