Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 31 December 2024

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
22 September 2025

And signed on behalf of the board by:
Name: Paul O'Neill
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2024

Balance sheet

As at 31 December 2024

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Intangible fixed assets amortisation policy

  Intangible assets comprises of intellectual property that is held for its investment potential, it is included in the balance sheet at cost. Consideration will be given for annual impairment reviews and carried out if deemed appropriate and economically viable.

  Other accounting policies

  Income and expenditure - Income and expenses are recognised in these financial statements on an accruals basis. Going concern - The directors have considered the financial position of the company and since it receives financial support from the ultimate beneficial owner to continue in operational existence for the foreseeable future it is considered appropriate to present these financial statements on a going concern basis. Foreign Currencies - The financial statements have been prepared in Sterling, the reporting currency of the Company. Assets and liabilities in other currencies are translated into Sterling at the rate of exchange ruling at the balance sheet date whilst transactions in other currencies are translated into Sterling at the rate of exchange ruling at the date of the transaction. Gains or losses on currency exchange are recognised in the profit and loss account. Taxation - In response to The Income Tax (Substance Requirements) (Guernsey) (Amendment) Ordinance, 2018 ("the ordinance"), the Directors have reviewed the Company’s affairs in accordance with the prescribed requirements of Economic Substance and found that for the period ended 31 December 2024 the Company was inside scope of the Ordinance having held intellectual property. The company is subject to UK income tax at a rate of 19% on the tax-adjusted income, and UK capital gains tax at a rate of 19% on the tax-adjusted gains arising on disposal of, UK-situs property.

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 2. Employees

  	18 months to 31 December 2024	13 months to 30 June 2023
  Average number of employees during the period	0	0