Company No: 15493844 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	31.03.2025
		£
Fixed assets
Intangible assets	3	783,441
Tangible assets	4	1,888
		785,329
Current assets
Debtors	5	150,362
Cash at bank and in hand		183,804
		334,166
Creditors: amounts falling due within one year	6	( 1,308,767)
Net current liabilities		(974,601)
Total assets less current liabilities		(189,272)
Net liabilities		( 189,272)
Capital and reserves
Called-up share capital	7, 8	10
Profit and loss account		( 189,282 )
Total shareholders' deficit		( 189,272)

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

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Konsentus Ltd (registered number: 15493844) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

M Woods Director

25 June 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Konsentus Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	10 years straight line
Development costs	5 years straight line
Other intangible assets	10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment

4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, 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 method.

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 Income and Retained Earnings.

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.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

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

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Employees

	Period from 16.02.2024 to 31.03.2025
	Number
Monthly average number of persons employed by the company during the period, including directors	16

3. Intangible assets

	Goodwill		Development costs		Other intangible assets		Total
	£		£		£		£
Cost
At 16 February 2024	0		0		0		0
Additions	0		644,926		0		644,926
Goodwill investment	25,000		0		0		25,000
Goodwill	1		0		0		1
Technology Assets	0		0		200,000		200,000
Business IP Rights	0		0		74,998		74,998
Business Contracts	0		0		1		1
At 31 March 2025	25,001		644,926		274,999		944,926
Accumulated amortisation
At 16 February 2024	0		0		0		0
Charge for the financial period	2,708		128,985		29,792		161,485
At 31 March 2025	2,708		128,985		29,792		161,485
Net book value
At 31 March 2025	22,293		515,941		245,207		783,441

4. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 16 February 2024	0		0
Additions	5,000		5,000
Disposals	( 2,772)		( 2,772)
At 31 March 2025	2,228		2,228
Accumulated depreciation
At 16 February 2024	0		0
Charge for the financial period	3,112		3,112
Disposals	( 2,772)		( 2,772)
At 31 March 2025	340		340
Net book value
At 31 March 2025	1,888		1,888

5. Debtors

	31.03.2025
	£
Trade debtors	128,219
Prepayments	16,547
VAT recoverable	5,586
Other debtors	10
	150,362

6. Creditors: amounts falling due within one year

	31.03.2025
	£
Trade creditors	122,413
Amounts owed to directors	25,000
Other loans	350,580
Accruals and deferred income	594,075
Other taxation and social security	85,648
Other creditors	131,051
	1,308,767

7. Called-up share capital

	31.03.2025
	£
Allotted, called-up and fully-paid
100,000 Ordinary A shares of £ 0.0001 each	10

On incorporation, the company issued 100,000 Ordinary A shares with a value of £0.0001 each.

8. Share based payments

In the year, Options were granted over 5,775 Ordinary 'C' shares of £0.0001. The options have an exercise price of £1.20 and are only to be exercised in the event of a sale or listing of the company.

The company has not recognised any expense in the account relating to equity-settled share based payment transactions. This was due to a the amount being deemed immaterial.