ACCOUNTS - Final Accounts

Registered number: 12512878

SEXTANT ADVISERS LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

SEXTANT ADVISERS LTD

Company Information

Directors	Paulina McGroarty
	Alexander Kroogman


Registered number	12512878


Registered office	71-75 Shelton Street
	London
	England
	WC2H 9JQ

SEXTANT ADVISERS LTD

Registered number: 12512878

Balance sheet

As at 31 March 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		2,665		1,168
			2,665		1,168
Current assets
Debtors: amounts falling due within one year	5	284,998		173,170
Cash at bank and in hand		22,432		38,370
		307,430		211,540
Creditors: amounts falling due within one year	6	(218,719)		(134,757)
Net current assets			88,711		76,783
Total assets less current liabilities			91,376		77,951

Net assets			91,376		77,951

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		91,375	77,950
		91,376	77,951

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SEXTANT ADVISERS LTD

Registered number: 12512878

Balance sheet (continued)

As at 31 March 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 October 2025.

Paulina McGroarty

Director

The notes on pages 3 to 7 form part of these financial statements.

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SEXTANT ADVISERS LTD

Notes to the financial statements

For the Year Ended 31 March 2025

1.	General information

Sextant Advisers Limited is a private company limited by share capital, incorporated in the United Kingdom and registered in England and Wales, registration number 12512878. The address of the registered office is 71-75, Shelton Street, London, England, WC2H 9JQ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover represents fees receivable for administrative support services provided during the year. Turnover is recognised when the services have been provided and is measured at a mark-up on costs in line with the Intra Group Management Agreement.

2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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SEXTANT ADVISERS LTD

Notes to the financial statements

For the Year Ended 31 March 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

25%

Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

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SEXTANT ADVISERS LTD

Notes to the financial statements

For the Year Ended 31 March 2025

2.Accounting policies (continued)

2.9

Financial instruments (continued)

Impairment of financial assets

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 profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

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SEXTANT ADVISERS LTD

Notes to the financial statements

For the Year Ended 31 March 2025

2.Accounting policies (continued)

2.9

Financial instruments (continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 2).

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 April 2024	4,437
	Additions	2,143
	At 31 March 2025	6,580
	Depreciation
	At 1 April 2024	3,269
	Charge for the year on owned assets	646
	At 31 March 2025	3,915
	Net book value
	At 31 March 2025	2,665
	At 31 March 2024	1,168

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SEXTANT ADVISERS LTD

Notes to the financial statements

For the Year Ended 31 March 2025

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	269,941	158,108
Other debtors	3,624	3,344
Prepayments and accrued income	11,433	11,718
	284,998	173,170

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	-	6,160
Corporation tax	4,521	7,929
Other taxes and social security	8,965	38,986
Other creditors	196,694	75,732
Accruals and deferred income	8,539	5,950
	218,719	134,757

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) Ordinary share of £1.00	1	1

Related party transactions

The company operated a loan account with its parent company Pathfinder Global Limited during the period. The company received funds of £265,000 (2024: £325,000) and recharged expenses of £376,833 (2024: £312,204) during the period. At the period end Pathfinder Global Limited owed £269,941 (2024: £158,108).
The company operated a loan account with the Directors during the period. At the end of the period the total amount the company owed to the Directors was £196,694 (2024: £73,357). This amount is interest free and repayable on demand.

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