REGISTERED NUMBER: 10267904 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

Crypto Quantique Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr S Mossayebi

Parkwalk Advisors Ltd

Mr R A Clyde

Mr P Lipman

Mr L E Rajah

REGISTERED OFFICE:

The Print Rooms

Units 304-5, 164-180 Union Street

London

SE1 0LH

REGISTERED NUMBER:

10267904 (England and Wales)

ACCOUNTANTS:

Sterling Partners Limited

Chartered Accountants

Chartered Tax Advisors

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

FIXED ASSETS

Intangible assets

4

369,996

366,860

Tangible assets

5

51,978

77,574

421,974

444,434

CURRENT ASSETS

Debtors

6

117,931

149,145

Cash at bank

882,634

3,001,365

1,000,565

3,150,510

CREDITORS

Amounts falling due within one year

7

(173,668

)

(294,861

)

NET CURRENT ASSETS

826,897

2,855,649

TOTAL ASSETS LESS CURRENT LIABILITIES

1,248,871

3,300,083

CREDITORS

Amounts falling due after more than one year

8

-

(20,874

)

PROVISIONS FOR LIABILITIES

9

(12,995

)

(19,393

)

NET ASSETS

1,235,876

3,259,816

CAPITAL AND RESERVES

Called up share capital

348

330

Share premium

19,257,144

19,257,144

Retained earnings

(18,021,616

)

(15,997,658

)

1,235,876

3,259,816

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by:

Dr S Mossayebi - Director

1.	STATUTORY INFORMATION

Crypto Quantique 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on cost

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 August 2024

463,712

Additions

51,926

At 31 July 2025

515,638

AMORTISATION

At 1 August 2024

96,852

Charge for year

48,790

At 31 July 2025

145,642

NET BOOK VALUE

At 31 July 2025

369,996

At 31 July 2024

366,860

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 August 2024

54,103

26,098

333,301

413,502

Additions

-

992

3,830

4,822

Disposals

-

-

(5,581

)

(5,581

)

At 31 July 2025

54,103

27,090

331,550

412,743

DEPRECIATION

At 1 August 2024

28,168

18,758

289,002

335,928

Charge for year

6,484

1,667

18,096

26,247

Eliminated on disposal

-

-

(1,410

)

(1,410

)

At 31 July 2025

34,652

20,425

305,688

360,765

NET BOOK VALUE

At 31 July 2025

19,451

6,665

25,862

51,978

At 31 July 2024

25,935

7,340

44,299

77,574

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

VAT

28,642

54,164

Prepayments

73,251

78,943

101,893

133,107

Amounts falling due after more than one year:

Rental deposit

16,038

16,038

Aggregate amounts

117,931

149,145

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

99,461

182,384

Social security and other taxes

45,333

72,975

Pension fund

11,056

18,828

Accrued expenses

17,818

20,674

173,668

294,861

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Directors' loan accounts

-

20,874

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

12,995

19,393

Deferred

tax

£

Balance at 1 August 2024

19,393

Accelerated capital

(6,398

)

allowances

Balance at 31 July 2025

12,995

10.	OTHER FINANCIAL COMMITMENTS

There are outstanding financial commitments in relation to the rent of the office as at 31st July 2025 totalling £170,263 (2024: £71,750).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024:

2025

2024

£

£

Dr S Mossayebi

Balance outstanding at start of year

20,874

20,874

Amounts repaid

(20,874

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

20,874