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Registration number: 04403813

Presso Limited
Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 March 2025

Presso Limited

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 9

Presso Limited

Company Information

Director | Mr P C Hunt

Registered office | 2 Scala Street London W1T 2HN

Accountants | Stratford Accounting Limited 57a Henley Street Stratford upon Avon Warwickshire CV37 6PT

Presso Limited

(Registration number: 04403813)
Abridged Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 69,509 | 57,399
Tangible assets | 5 | 31,931 | 46,532
Investments | 6 | 8 | 8
|  | 101,448 | 103,939
Current assets |  |  |
Stocks | 7 | 50,339 | 62,596
Debtors |  | 137,174 | 37,914
Cash at bank and in hand |  | 215,639 | 113,885
|  | 403,152 | 214,395
Prepayments and accrued income |  | 23,650 | 84,215
Creditors: Amounts falling due within one year |  | (92,208) | (18,716)
Net current assets |  | 334,594 | 279,894
Total assets less current liabilities |  | 436,042 | 383,833
Provisions for liabilities |  | (64,135) | (64,135)
Accruals and deferred income |  | (31,830) | (14,728)
Net assets |  | 340,077 | 304,970
Capital and reserves |  |  |
Called up share capital | 8 | 755 | 755
Share premium reserve |  | 5,895 | 5,895
Capital redemption reserve |  | 370 | 370
Retained earnings |  | 333,057 | 297,950
Shareholders' funds |  | 340,077 | 304,970

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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.

Presso Limited

(Registration number: 04403813)
Abridged Balance Sheet as at 31 March 2025

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 director on 9 October 2025

......................................... Mr P C Hunt Director

Presso Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1 | General information

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

The address of its registered office is:
2 Scala Street
London
W1T 2HN

These financial statements were authorised for issue by the director on 9 October 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales and services/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Presso Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% reducing balance
Furniture, fittings and equipment | 25% reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Intangible assets

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
Separately acquired trademarks and licences are shown at historical cost.

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
Patents and licences | over 5 years
Trademarks | nil

Presso Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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 group will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

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.

Presso Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2024 - 6).

Presso Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

4 | Intangible assets

| Total £
Cost or valuation
At 1 April 2024 | 73,972
Additions acquired separately | 16,112
At 31 March 2025 | 90,084
Amortisation
At 1 April 2024 | 16,573
Amortisation charge | 4,002
At 31 March 2025 | 20,575
Carrying amount
At 31 March 2025 | 69,509
At 31 March 2024 | 57,399

5 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Total £
Cost or valuation
At 1 April 2024 | 7,199 | 132,719 | 139,918
Additions | 201 | - | 201
Disposals | - | (49,318) | (49,318)
At 31 March 2025 | 7,400 | 83,401 | 90,801
Depreciation
At 1 April 2024 | 4,352 | 89,034 | 93,386
Charge for the year | 762 | 9,881 | 10,643
Eliminated on disposal | - | (45,159) | (45,159)
At 31 March 2025 | 5,114 | 53,756 | 58,870
Carrying amount
At 31 March 2025 | 2,286 | 29,645 | 31,931
At 31 March 2024 | 2,847 | 43,685 | 46,532

Presso Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

6 | Investments

| Total £
Cost or valuation
At 1 April 2024 | 8
Provision
Carrying amount
At 31 March 2025 | 8
At 31 March 2024 | 8

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Presso Inc | 701 S. Carson St Suite 200, Carson City, NV, 89701 United States of America | Ordinary | 100% | 100%

7 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 50,339 | 62,596

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 755 | 755 | 755 | 755