REGISTERED NUMBER: 06646895 (England and Wales)

NUMECENT HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr R L Hargreaves

A S Hitomi

S J Maynard

K L Ng

SECRETARY:

Endeavour Ventures Limited

REGISTERED OFFICE:

41 Devonshire Street

London

W1G 7AJ

REGISTERED NUMBER:

06646895 (England and Wales)

ACCOUNTANTS:

UHY BPR Heaton

Chartered Accountants

Glenewes House

Gate Way Drive

Leeds

West Yorkshire

LS19 7XY

FIXED ASSETS

Intangible assets

4

4,750

5,750

Investments

5

974,176

974,176

978,926

979,926

CURRENT ASSETS

Debtors

6

20,248,628

19,088,512

Cash at bank

18,117

10,308

20,266,745

19,098,820

CREDITORS

Amounts falling due within one year

7

42,500

23,689

NET CURRENT ASSETS

20,224,245

19,075,131

TOTAL ASSETS LESS CURRENT LIABILITIES

21,203,171

20,055,057

CAPITAL AND RESERVES

Called up share capital

9,406,405

9,386,405

Share premium

25,659,570

25,659,570

Retained earnings

(13,862,804

)

(14,990,918

)

SHAREHOLDERS' FUNDS

21,203,171

20,055,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 18 August 2025 and were signed on its behalf by:

A S Hitomi - Director

1.	STATUTORY INFORMATION

Numecent Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Numecent Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

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.

Intangible fixed assets

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

Intellectual property

- 5% on cost

Goodwill

- 5% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit and loss.

Basic financial instruments

Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Accounting for share based compensation

The Company has a share based compensation plan for its employees and outside directors and accounts for share based compensation arrangements using a fair value method. The Company determines the fair value of option grants using the Black-Scholes Model and expense is recorded over the vesting period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

20,000

2,000

22,000

AMORTISATION

At 1 January 2024

14,250

2,000

16,250

Charge for year

1,000

-

1,000

At 31 December 2024

15,250

2,000

17,250

NET BOOK VALUE

At 31 December 2024

4,750

-

4,750

At 31 December 2023

5,750

-

5,750

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

974,176

NET BOOK VALUE

At 31 December 2024

974,176

At 31 December 2023

974,176

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

19,043,703

19,088,512

Other debtors

1,204,925

-

20,248,628

19,088,512

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

2,999

2,999

Taxation and social security

-

275

Other creditors

39,501

20,415

42,500

23,689

8.	RELATED PARTY DISCLOSURES

A total of £56,309 (2023: £57,781) was paid to directors of the company for consultancy services during the year.