Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors' report period ended 31 December 2024

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

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 October 2025

And signed on behalf of the board by:
Name: Benedict James Ward Griffiths
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2024

Balance sheet

As at 31 December 2024

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Income is included in the financial statements on an accruals basis.

  Other accounting policies

  Expenses Expenditure is included in the financial statements on an accruals basis. Investment Investments comprise holdings in unquoted equity instruments which are measured at fair value. Investments are measured initially at cost. Subsequent to initial recognition, investments are stated at fair value. Fair value is determined by reference to the investee’s net asset value (“NAV”) per the latest available financial statements, adjusted for any known subscriptions, redemptions, distributions or other material events between the investee’s reporting date and the Company’s reporting date. Investments are derecognised when they have been disposed of. The difference between the net disposal proceeds and the carrying amount of the asset is recognised in the statement of profit or loss in the period of derecognition. Financial instruments Basic financial assets including debtors, loans receivable and cash and cash equivalents are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest rate method. (i) Financial assets The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments. At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the statement of profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the statement of profit or loss. Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. (i) Financial assets (continued) (ii) Financial liabilities Basic financial liabilities, including trade and other payables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables 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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Foreign currency Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the year end date. Transactions denominated in foreign currencies are translated at the rate of exchange ruling at the date of the transaction. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of profit or loss. The functional and presentation currency used in the preparation of these financial statements is the United States Dollar ("USD"). In arriving at the functional currency the Directors have considered the primary economic environments of the Company and in doing so, has considered the currency in which the original capital was raised, any dividends are to be made, the currency in which the underlying investments and funds they manage are exposed and the main currencies of cash flows of the Company. Cash and cash equivalents Cash and cash equivalents in the statement of financial position comprises cash at bank with original maturities of 90 days or less.

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 2. Employees

  	2024	16 months to 31 December 2023
  Average number of employees during the period	0	0