Thalamos Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10814088

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		157,133		20,652

			157,133		20,652
CURRENT ASSETS
Debtors	5	459,297		65,042
Cash at bank and in hand		969,827		2,166,891

		1,429,124		2,231,933
Creditors: Amounts Falling Due Within One Year	6	(1,753,693 )		(1,238,402 )

NET CURRENT ASSETS (LIABILITIES)			(324,569 )		993,531

TOTAL ASSETS LESS CURRENT LIABILITIES			(167,436 )		1,014,183

Creditors: Amounts Falling Due After More Than One Year	7		(549,572 )		(1,205,512 )

NET LIABILITIES			(717,008 )		(191,329 )

CAPITAL AND RESERVES
Called up share capital	8		267		267
Share premium account			2,519,439		2,519,439
Profit and Loss Account			(3,236,714 )		(2,711,035 )

SHAREHOLDERS' FUNDS			(717,008)		(191,329)

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Thalamos Limited

Balance Sheet (continued)

As At 30 June 2025

For the year ending 30 June 2025 the company was entitled to exemption from audit 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 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 Arden Tomison

Director

06/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Thalamos Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10814088 . The registered office is Arch 31 Old Union Yard, Union Street, London, SE1 0LR.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Over five years
Computer Equipment	Over three years

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.5. Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax credit or tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.Income tax expense represents the sum of the tax currently payable and deferred tax.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.7. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

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Thalamos Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 21 (2024: 9)

4. Tangible Assets

	Land & Property
	Leasehold	Computer Equipment	Total
	£	£	£
Cost
As at 1 July 2024	-	34,842	34,842
Additions	143,171	29,380	172,551

As at 30 June 2025	143,171	64,222	207,393

Depreciation
As at 1 July 2024	-	14,190	14,190
Provided during the period	22,257	13,813	36,070

As at 30 June 2025	22,257	28,003	50,260

Net Book Value
As at 30 June 2025	120,914	36,219	157,133

As at 1 July 2024	-	20,652	20,652

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	34,033	5,160
Other debtors	425,264	59,882

	459,297	65,042

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	65,335	36,838
Bank loans and overdrafts	4,617	5,011
Other creditors	1,544,246	1,160,100
Taxation and social security	139,495	36,453

	1,753,693	1,238,402

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	17,687	21,605
Other creditors	531,885	1,183,907

	549,572	1,205,512

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Thalamos Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	267	267

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