Squalo Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 14476204

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		2,500,000		2,500,000

			2,500,000		2,500,000
CURRENT ASSETS
Stocks	5	260,000		260,000
Debtors	6	1,021		226
Cash at bank and in hand		1,470		287

		262,491		260,513
Creditors: Amounts Falling Due Within One Year	7	(491,841 )		(487,054 )

NET CURRENT ASSETS (LIABILITIES)			(229,350 )		(226,541 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,270,650		2,273,459

NET ASSETS			2,270,650		2,273,459

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			2,270,550		2,273,359

SHAREHOLDERS' FUNDS			2,270,650		2,273,459

Page 1

Page 2

Squalo Limited

Balance Sheet (continued)

As At 31 December 2024

For the year 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account.

On behalf of the board

Mr Michael Fisher

Director

29/09/2025

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

1. General Information

Squalo Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14476204 . The registered office is Gto House Floral Mile, Hare Hatch, Reading, Berkshire, RG10 9ES.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is not amortised.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are Project Squalo. It is not amortised.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 January 2024	4	2,499,996	2,500,000

As at 31 December 2024	4	2,499,996	2,500,000

Net Book Value
As at 31 December 2024	4	2,499,996	2,500,000

As at 1 January 2024	4	2,499,996	2,500,000

5. Stocks

	31 December 2024	31 December 2023
	£	£
Stock	260,000	260,000

6. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Other debtors	1,021	226

Page 3

Page 4

Squalo Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	2,708	267
Other creditors	489,133	486,787

	491,841	487,054

8. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	100	100