REGISTERED NUMBER: 13034143 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 December 2024

for

Arquant Management Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

6

Report of the Independent Auditors

9

Statement of Comprehensive Income

12

Balance Sheet

13

Statement of Changes in Equity

14

Cash Flow Statement

15

Notes to the Cash Flow Statement

16

Notes to the Financial Statements

17

DIRECTORS:

A Kartashov

A Semenyaka

REGISTERED OFFICE:

167-169 Great Portland Street

Fifth floor

London

United Kingdom

W1W 5PF

REGISTERED NUMBER:

13034143 (England and Wales)

AUDITORS:

Anstey Bond LLP

Statutory Auditors &

Chartered Accountants

1-2 Charterhouse Mews

London

EC1M 6BB

The directors present their strategic report for the year ended 31 December 2024.

Opening paragraph

Arquant Management Limited is a UK trading company registered in England and Wales.

The company seeks to outperform the relevant performance benchmark and deliver above average returns to its clients.

During 2024 the company continued building its business by investing into technology infrastructure and institutional building. It was the first full financial year of the company as an FCA-regulated investment management firm. Overall, the financial results of the year were below expectations due to significant headwinds in the financial markets. However, the business started to stabilise towards the end of the year with promising pipeline of business development opportunities.

In general, the management is continuously monitoring the Company and optimising where possible to improve its net result in the coming years.

REVIEW OF BUSINESS

Sustainability

The Company commitment to sustainability goes beyond just business, it's a responsibility we embrace wholeheartedly. We are dedicated to reducing our carbon footprint by implementing energy-efficient practices and exploring renewable energy sources. By integrating environmental, social, and governance considerations into our decision-making, we aim to lead by example in ethical business practices.

The Company recognises the importance of its environmental responsibilities, monitors its impact on the environment, and designs and implements policies to mitigate any adverse impact that might be caused by its activities. The Company is continuously seeking ways to produce in the most environmentally efficient manner possible.

Talent Development and Culture

Human Capital is one of the key pillars in the organisation. The Company will progress in the journey of upgrading the talent to the level that the execution of our strategy requires.

Our team is our greatest asset, and investing in their growth and well-being is paramount. We are rolling out comprehensive training programs to equip our employees with the skills needed to excel in an ever-changing landscape. Our commitment to fostering an environment where unique perspectives are valued and celebrated. Through these initiatives, we aim to cultivate a workplace culture that inspires innovation and fosters long-lasting professional relationships.

Joint Ventures and Partnerships

In line with our strategic vision, we are actively exploring potential joint ventures and partnerships that align with our growth objectives. These opportunities offer synergistic benefits, expanded market reach, and the chance to combine expertise for mutual success. While we proceed with careful consideration, we are excited about the potential transformative impact these moves could have on our company's trajectory.

Digital Transformation

Digital transformation remains a cornerstone of our operational evolution. By embracing automation and optimising workflows, we are positioned to enhance efficiency and accuracy across our processes. This not only translates to cost savings but also empowers our teams to focus on strategic initiatives that drive innovation and create value for our stakeholders.

Regulatory and Compliance Considerations

Adapting to changing regulations and compliance standards is an integral part of our commitment to ethical business practices. We are proactively investing in resources to ensure our operations remain in full compliance, safeguarding our reputation and mitigating potential risks. Through transparent communication and rigorous adherence to industry standards, we remain steadfast in our dedication to operating responsibly.

Financial Goals and Performance

As we navigate these exciting developments, our financial goals remain focused on sustainable growth and value creation. We are setting ambitious but achievable targets, and a strategic allocation of resources. Key performance indicators will be closely monitored to gauge the success of our initiatives and to ensure alignment with our overarching corporate objectives.

PRINCIPAL RISKS AND UNCERTAINTIES

In achieving its objectives, the Company faces risks and uncertainties, including those due macroeconomic conditions, global and regional financial market developments and internal factors. The specific market, operational and financial risks in the ordinary course of business will be further explained, including credit, currency and liquidity risks.

Navigating risks is an integral part of a director's responsibilities. Directors must actively assess and manage risks that could impact the company's financial health, reputation, and overall viability. This involves identifying potential risks, developing strategies to mitigate them, and monitoring their effectiveness. Directors should encourage a risk-aware culture within the organisation, where risk management is integrated into strategic planning and day-to-day operations. By prioritising risk management, directors contribute to the company's resilience and ability to weather unforeseen challenges.

Insofar as relevant, the Company will cover insurance for several common risks, which will allow for the financial consequences of calamities as much as possible. At management level, the most important risks are assessed that may affect the realisation of our strategic objectives. We assess the degree of risks and weigh against our own efficiency in containing the risks or mitigating them completely.

Long-term Success

Directors play a crucial role in shaping the destiny of their organisations by prioritising long-term success over short-term gains. A strategic approach that goes beyond immediate profitability, which directors assess the potential consequences of decisions on the company's growth trajectory, market positioning, and sustainability. By aligning actions with a forward-looking vision, directors not only ensure the company's stability but also its ability to adapt and thrive in a rapidly changing business landscape.

Stakeholder Interests

Recognising that a company's success is interwoven with the interests of various stakeholders, directors weigh these interests carefully. They must consider the expectations of shareholders seeking returns on investment, employees seeking fulfilling careers, customers expecting value, and communities seeking positive contributions. Effective directors seek to harmonise these often diverse interests to achieve outcomes that are equitable, fostering a sense of trust and loyalty among stakeholders.

Ethical Considerations

Ethics form the moral compass that guides directors in their decision-making. Upholding ethical considerations entails more than just compliance with laws and regulations; it means adhering to a higher standard of integrity and accountability. Directors must evaluate potential actions through an ethical lens, assessing whether their choices are aligned with the company's values and principles. By demonstrating ethical leadership, directors not only set a positive example but also build a reputation of trustworthiness and credibility for the organisation.

Good Faith

Directors are entrusted with the responsibility to act in good faith, demonstrating diligence and honesty in their decision-making. This involves diligently seeking information, asking probing questions, and engaging in robust discussions. Good faith decision-making requires directors to set aside personal biases and opinions, focusing on what is in the best interest of the company and its stakeholders. By adhering to the principle of good faith, directors instil confidence that their decisions are well-considered and driven by a genuine commitment to the organisation's success.

Duty of Care

Directors owe a duty of care to the company, which encompasses their obligation to make informed decisions based on a thorough understanding of the company's operations, finances, and industry dynamics. This involves staying informed about market trends, regulatory changes, and emerging risks that could impact the company's performance. Directors must also actively engage with management, asking critical questions and seeking clarifications to ensure that they have a comprehensive grasp of the issues at hand. By fulfilling their duty of care, directors contribute to well-informed, prudent decision-making that safeguards the company's interests.

SECTION 172(1) STATEMENT

The directors believe they have acted in the way most likely to promote the success of the Company for the benefit of its members as a whole, as required by s172 of the Companies Act 2006.

The requirements of s172 are for the directors to:

- consider the likely consequences of any decision in the long term;

- act fairly between the members of the company;

- maintain a reputation for high standards of business conduct;

- consider the interests of the company's employees;

- foster the company's relationships with suppliers, customers and others; and

- consider the impact of the company's operations on the community and the environment.

KEY PERFORMANCE INDICATORS

The year 2024 ended with an ordinary operating profit £102 (2022/2023: Loss - £90,455).

As at the end of 2024 the balance sheet total amounted to £349,724 (2022/2023: £119,622). The strength of the balance sheet is sufficient to provide the required solvency ratings.

The Company's solvency, liquidity as well as its funding is continuously monitored, considering all available future related information. No events have been identified nor were conditions found which may indicate significant risks regarding the Company's financial position.

Outlook

In 2025, we will continue to focus on identifying the required capabilities for the different segments and different regions in order to find the best strategy for each market and region, also taking the current and future developments into account.

Going concern

An assessment of the Company's ability to continue as a going concern was executed, taking into account all available information about the future, which is at least, but not limited to, twelve months from the end of the reporting period. No events have been identified nor conditions were found which may cast significant doubt upon the company's ability to continue as a going concern. The financial statements have been prepared on the basis of going concern.

We would like to thank all our people for their input and dedication and our customers, shareholders, partners and suppliers for their trust.

ON BEHALF OF THE BOARD:

A Semenyaka - Director

25 September 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of portfolio management services.

DIVIDENDS

No dividends will be distributed for the period ended 31st December 2024.

RESEARCH AND DEVELOPMENT

Looking ahead, our R&D roadmap remains ambitious and forward-thinking. We are excited to continue investing in emerging technologies, testing new markets, and collaborating with industry partners to constantly improve performance of our investment strategy and increase its capacity. By maintaining a proactive stance and continuously evaluating our R&D portfolio, we are poised to identify opportunities that will shape our industry's landscape.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

A Kartashov

A Semenyaka

FINANCIAL INSTRUMENTS AND RISK MANAGEMENT

Entity-Specific Risk

In our continuous pursuit of excellence, we acknowledge the importance of addressing entity-specific risks that may impact our operations. These risks, inherent to asset management industry and our organisation, require diligent management. Our commitment to effective governance, strategic decision-making, and operational efficiency remains unwavering. Through a comprehensive risk assessment framework, we aim to identify, mitigate, and monitor entity-specific risks, ensuring that our business remains resilient and adaptive in the face of internal challenges.

Operational Risk

Companies in our sector fail not just because of market or credit risks, but by various combinations of: malfunctioning internal processes, technology failure, undesirable staff behaviours such as fraud, compliance issues and financial difficulties, such as deficient liquidity management processes. As investment firm engaged in algorithmic trading we bear specific risks of software malfunctioning, sending erroneous orders, lack of skilled staff to manage the trading system, cyber attacks.

As regulated investment management firm, we are dedicated to managing operational risk prudently. Our rigorous risk management procedures allow us to effectively manage the counterparty, technology, investment, and financial risks and keep our operational risk exposure within the established tolerance thresholds.

Currency Risk

The firm significantly exposes to currency risk where our revenue are originated in USD, and our costs are denominated in GBP. To manage the risk we constantly monitor spot and forward exchange rates, and properly hedge against the currency risk.

Credit Risk

As stewards of responsible corporate practices, we are dedicated to managing credit risk prudently. Our rigorous credit assessment procedures allow us to extend credit only to trustworthy counterparties whose financial capabilities align with their obligations. By emphasising transparency and risk-mitigation mechanisms, such as diversification, we safeguard our financial stability. This approach ensures that we maintain a healthy balance between risk and reward, minimising the potential impact of defaulting borrowers on our financial performance.

Liquidity Risk

In the pursuit of sustainable growth, we recognise the significance of maintaining robust liquidity. Our commitment to managing liquidity risk entails prudent cash flow management, optimising working capital, and establishing contingency plans. This ensures our ability to meet short-term financial commitments even in the face of unexpected challenges. By conducting regular cash flow projections and having the shareholders support, we build a safety net that enables us to navigate potential disruptions without compromising our operational efficiency.

Cash Flow Risk

Our dedication to prudent financial management extends to addressing cash flow risk, a critical element of our strategic vision. By conducting comprehensive financial planning and scenario analysis, we identify potential gaps in cash flow and develop proactive strategies to bridge them. Through diversification of revenue streams, optimising cost structures, and aligning our expenditure with our strategic objectives, we minimise the impact of unforeseen changes on our ability to generate sufficient cash to meet obligations and fuel growth.

POLITICAL DONATIONS AND EXPENDITURE

There were no political donations or expenses.

STREAMLINED ENERGY AND CARBON REPORTING

Although we are exempt from reporting detailed energy and carbon information under SECR, we remain devoted to environmental sustainability. We acknowledge that climate change poses a significant challenge to the global community and are determined to contribute to mitigating its effects.

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Anstey Bond LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

A Semenyaka - Director

25 September 2025

Opinion

We have audited the financial statements of Arquant Management Limited (the 'company') for the year ended 31 December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page eight, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example forgery or intentional misrepresentations, or through collusion.

We focused on laws and regulations which could give rise to material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above, and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relation to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Colin Ellis FCCA CF (Senior Statutory Auditor)

for and on behalf of Anstey Bond LLP

Statutory Auditors &

Chartered Accountants

1-2 Charterhouse Mews

London

EC1M 6BB

29 September 2025

TURNOVER

3

303,708

66,451

Cost of sales

(126,754

)

(26,198

)

GROSS PROFIT

176,954

40,253

Administrative expenses

(176,713

)

(130,789

)

OPERATING PROFIT/(LOSS)

5

241

(90,536

)

Interest receivable and similar income

559

81

800

(90,455

)

Interest payable and similar expenses

6

(698

)

-

PROFIT/(LOSS) BEFORE TAXATION

102

(90,455

)

Tax on profit/(loss)

7

-

-

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

102

(90,455

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

102

(90,455

)

FIXED ASSETS

Intangible assets

8

13,945

630

CURRENT ASSETS

Debtors

9

254,165

27,959

Cash at bank

100,422

101,218

354,587

129,177

CREDITORS

Amounts falling due within one year

10

(18,808

)

(10,185

)

NET CURRENT ASSETS

335,779

118,992

TOTAL ASSETS LESS CURRENT LIABILITIES

349,724

119,622

CAPITAL AND RESERVES

Called up share capital

11

500,000

270,000

Retained earnings

12

(150,276

)

(150,378

)

SHAREHOLDERS' FUNDS

349,724

119,622

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

A Semenyaka - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 December 2022

160,000

(59,923

)

100,077

Changes in equity

Issue of share capital

110,000

-

110,000

Total comprehensive income

-

(90,455

)

(90,455

)

Balance at 31 December 2023

270,000

(150,378

)

119,622

Changes in equity

Issue of share capital

230,000

-

230,000

Total comprehensive income

-

102

102

Balance at 31 December 2024

500,000

(150,276

)

349,724

Cash flows from operating activities

Cash generated from operations

1

(196,959

)

(94,958

)

Interest paid

(698

)

-

Net cash from operating activities

(197,657

)

(94,958

)

Cash flows from investing activities

Purchase of intangible fixed assets

(33,698

)

-

Sale of intangible fixed assets

-

282

Interest received

559

81

Net cash from investing activities

(33,139

)

363

Cash flows from financing activities

Share issue

230,000

110,000

Net cash from financing activities

230,000

110,000

(Decrease)/increase in cash and cash equivalents

(796

)

15,405

Cash and cash equivalents at beginning of year

2

101,218

85,813

Cash and cash equivalents at end of year

2

100,422

101,218

1.	RECONCILIATION OF PROFIT/(LOSS) BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

Period

1.12.22

Year Ended

to

31.12.24

31.12.23

£

£

Profit/(loss) before taxation

102

(90,455

)

Depreciation charges

20,383

45

Finance costs

698

-

Finance income

(559

)

(81

)

20,624

(90,491

)

Increase in trade and other debtors

(226,206

)

(10,632

)

Increase in trade and other creditors

8,623

6,165

Cash generated from operations

(196,959

)

(94,958

)

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

100,422

101,218

Period ended 31 December 2023

31.12.23

1.12.22

£

£

Cash and cash equivalents

101,218

85,813

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank

101,218

(796

)

100,422

101,218

(796

)

100,422

Total

101,218

(796

)

100,422

1.	STATUTORY INFORMATION

Arquant Management 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared on the going concern basis. The shareholders have expressed willingness to continue to provide financial support for the next 12 months as from the date of approval of the financial statements in order for the company to meet its current liabilities as they fall due.

Presentational Currency

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest £.

Critical accounting judgements and key sources of estimation uncertainty

In applying the principles and policies for drawing up the financial statements, the directors of the Company make different estimates and judgments that may be essential to the amounts disclosed in the financial statements. These estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. If it is necessary in order to provide the transparency required under FRS 102 and the Companies Act 2006, the nature of these estimates and judgments, including related assumptions, is disclosed in the notes to the relevant financial statement item.

Turnover

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

Revenue recognition

When the outcome of a transaction involving the rendering of services can be estimated reliably, revenue associated with the transaction shall be recognised by reference to the stage of completion of the transaction at the end of the reporting period.

Intangible assets

Computer software will be amortised evenly over its estimated useful life of five years following being brought into use.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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, and using monthly spot rate averages. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors

Trade and other debtors are recognised initially at fair value. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method, less any impairment losses.

Trade and other creditors

Trade and other creditors payables are recognised initially at fair value. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method.

Cash and cash equivalents

Cash and cash equivalents are included in the balance sheet at cost. These balances are comprised of cash within bank, cash within hand and short term deposits with a maturity of three months or less.

Going concern

The financial statements have been prepared on the going concern basis. The Directors have produced financial projections for the company for the next twelve months and beyond. These projections take into account a sufficient level of working capital in order for the Company to cover its cost base.

3.

TURNOVER

The turnover and profit (2023 - loss) before taxation are attributable to the one principal activity of the company.

4.	EMPLOYEES AND DIRECTORS

Period

1.12.22

Year Ended

to

31.12.24

31.12.23

£

£

Wages and salaries

75,140

73,068

Social security costs

1,603

-

Other pension costs

1,313

875

78,056

73,943

The average number of employees during the year was as follows:

Period

1.12.22

Year Ended

to

31.12.24

31.12.23

Directors

2

2

Employees

1

1

3

3

Period

1.12.22

Year Ended

to

31.12.24

31.12.23

£

£

Directors' remuneration

25,139

27,235

5.	OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging:

Period

1.12.22

Year Ended

to

31.12.24

31.12.23

£

£

Computer software amortisation

20,383

183

Auditors' remuneration

6,000

6,000

Foreign exchange differences

1,504

674

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1.12.22

Year Ended

to

31.12.24

31.12.23

£

£

Bank interest

698

-

7.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 31 December 2024 nor for the period ended 31 December 2023.

8.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

914

Additions

33,698

At 31 December 2024

34,612

AMORTISATION

At 1 January 2024

284

Amortisation for year

20,383

At 31 December 2024

20,667

NET BOOK VALUE

At 31 December 2024

13,945

At 31 December 2023

630

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

1,703

Other debtors

57,413

21,170

Prepayments and accrued income

196,752

5,086

254,165

27,959

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

165

165

Accruals and deferred income

12,643

4,020

Accrued expenses

6,000

6,000

18,808

10,185

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

270,000

Ordinary

£1

270,000

270,000

230,000

Ordinary

£1

230,000

-

500,000

270,000

12.

RESERVES

Retained

earnings

£

At 1 January 2024

(150,378

)

Profit for the year

102

At 31 December 2024

(150,276

)

13.	RELATED PARTY DISCLOSURES

Key management personnel of the entity or its parent (in the aggregate)

31.12.24

31.12.23

£

£

Purchases

52,308

21,428

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties, by virtue of their shareholdings, are Mrs Svetlana Semenyaka, and Mr Andrey Kartashov, as they both own 50% of the voting shares of the company directly or through another company.

15.	FCA RISK DISCLOSURES

As required by the Financial Conduct Authority under Articles 431-455 of the Capital Requirements Regulation ("CRR"), the Pillar 3 risk disclosures are available on the Company's website at http://www.arquant.co.uk/