Troviq UK Ltd


Directors	BOHILL, John
	PROCTOR, Jason William Horatio


Registered Address	7-9 Henrietta Street
	London
	WC2E 8PS


Registered Number	11276896 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Called up share capital not paid			-		12
Fixed assets
Tangible assets	3		513		2,387
Investments	4		82,804		52,017
			83,317		54,404
Current assets
Debtors		-		62,633
Cash at bank and on hand		35,968		52,355
		35,968		114,988
Creditors amounts falling due within one year	5	(101,551)		(110,227)
Net current assets (liabilities)			(65,583)		4,773
Total assets less current liabilities			17,734		59,177
Net assets			17,734		59,177
Capital and reserves
Called up share capital			25		25
Share premium			289,472		289,472
Other reserves			240,000		130,000
Profit and loss account			(511,763)		(360,320)
Shareholders' funds			17,734		59,177

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 26 September 2025, and are signed on its behalf by:

PROCTOR, Jason William Horatio
Director
Registered Company No. 11276896

Troviq UK Ltd

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	The Company has the support and access to financial resources of its ultimate UK parent. This ready access to financial resources, is sufficient for the Company to meet its obligations for a period of 12 months from the date of approval of the financial statements. Having considered these matters and after making appropriate enquiries, the Directors are satisfied that there are no material uncertainties to the Company’s ability to adopt the going concern basis of accounting and that the Company has adequate resources to continue to operate as a going concern for a period of 12 months from date of approval of the financial statements. For this reason, they consider it appropriate to continue to adopt the going concern basis in preparing the financial statements.

Going concern

The Company has the support and access to financial resources of its ultimate UK parent. This ready access to financial resources, is sufficient for the Company to meet its obligations for a period of 12 months from the date of approval of the financial statements.
Having considered these matters and after making appropriate enquiries, the Directors are satisfied that there are no material uncertainties to the Company’s ability to adopt the going concern basis of accounting and that the Company has adequate resources to continue to operate as a going concern for a period of 12 months from date of approval of the financial statements. For this reason, they consider it appropriate to continue to adopt the going concern basis in preparing the financial statements.

	Revenue from sale of goods
	Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services rendered, net of returns, discounts and rebates allowed by the company and value added taxes. Fees consist of management fees and upfront fees. Upfront fees are recognised by reference to the stage of completion at the end of the reporting period. Management fees are recognised on straight line basis over the specified period.

Revenue from sale of goods

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.
Fees consist of management fees and upfront fees. Upfront fees are recognised by reference to the stage of completion at the end of the reporting period. Management fees are recognised on straight line basis over the specified period.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	8		6

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 24	5,864	5,864
At 31 December 24	5,864	5,864
Depreciation and impairment
At 01 January 24	3,477	3,477
Charge for year	1,874	1,874
At 31 December 24	5,351	5,351
Net book value
At 31 December 24	513	513
At 31 December 23	2,387	2,387

4.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 January 24	52,017	52,017
Additions	24,050	24,050
Revaluations	6,737	6,737
At 31 December 24	82,804	82,804
Net book value
At 31 December 24	82,804	82,804
At 31 December 23	52,017	52,017

	Notes
	¹Other investments other than loans

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	1,634	2,910
Amounts owed to related parties	3,765	4,854
Taxation and social security	31,643	25,388
Other creditors	6,881	4,450
Accrued liabilities and deferred income	57,628	72,625
Total	101,551	110,227


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year