Registration number: 12871907

Ainigma Holdings Ltd

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 7

Ainigma Holdings Ltd

Company Information

Directors

Craig John Scott Mr Robert Lee Berner III Mr Graham Jonathan Bruce Mr Fernando Jorge Rodrigues Antunes

Registered office

39 Dove Park Chorleywood Rickmansworth WD3 5NY

Accountants

Smith-Milne & Co. Limited Chartered Certified Accountants23 Church Street Rickmansworth Hertfordshire WD3 1DE

Ainigma Holdings Ltd

(Registration number: 12871907)
Abridged Balance Sheet as at 31 December 2024

	Note	2024 $	2023 $
Fixed assets
Intangible assets	4	7,999,303	9,332,520
Other financial assets	5	987,452	1,320,681
		8,986,755	10,653,201
Current assets
Debtors	6	783,030	622,820
Cash at bank and in hand		1,380	66,370
		784,410	689,190
Creditors: Amounts falling due within one year		(45,690)	(34,787)
Net current assets		738,720	654,403
Total assets less current liabilities		9,725,475	11,307,604
Creditors: Amounts falling due after more than one year		(2,003,284)	(1,888,489)
Accruals and deferred income		-	(2,903)
Net assets		7,722,191	9,416,212
Capital and reserves
Called up share capital	7	19,229,827	19,229,827
Retained earnings		(11,507,636)	(9,813,615)
Shareholders' funds		7,722,191	9,416,212

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

Ainigma Holdings Ltd

(Registration number: 12871907)
Abridged Balance Sheet as at 31 December 2024

......................................... Craig John Scott Director

......................................... Mr Graham Jonathan Bruce Director

Ainigma Holdings Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
39 Dove Park
Chorleywood
Rickmansworth
WD3 5NY

These financial statements were authorised for issue by the Board on 30 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

Ainigma Holdings Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

Ainigma Holdings Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Total $
Cost or valuation
At 1 January 2024	13,332,171
At 31 December 2024	13,332,171
Amortisation
At 1 January 2024	3,999,651
Amortisation charge	1,333,217
At 31 December 2024	5,332,868
Carrying amount
At 31 December 2024	7,999,303
At 31 December 2023	9,332,520

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment $	Total $
Non-current financial assets
Cost or valuation
At 1 January 2024	1,320,681	1,320,681
Disposals	(333,229)	(333,229)
At 31 December 2024	987,452	987,452
Impairment
Carrying amount
At 31 December 2024	987,452	987,452

6

Debtors

Debtors includes $782,374 (2023 - $620,305) due after more than one year.

Non-current trade and other receivables

7	Share capital

Allotted, called up and fully paid shares

Ainigma Holdings Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

	2024		2023
	No.	$	No.	$
Ordinary $1 shares of $1 each	19,229,827	19,229,827	19,229,827	19,229,827