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Registered number: 13191902 AURORA LABS LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 30 JUNE 2025
AURORA LABS LTD REGISTERED NUMBER: 13191902 BALANCE SHEET AS AT 30 JUNE 2025
|  | Ended 30 June |  | 29 February
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | - |  | 87,364
Tangible assets |  |  | - |  | 35,737
|  |  | - |  | 123,101
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | - |  | 35,407 |
Cash at bank and in hand | 7 | 2 |  | 69,316 |
|  | 2 |  | 104,723 |
Creditors: amounts falling due within one year | 8 | - |  | (3,233,418) |
Net current assets/(liabilities) |  |  | 2 |  | (3,128,695)
Total assets less current liabilities |  |  | 2 |  | (3,005,594)
Net assets/(liabilities) |  |  | 2 |  | (3,005,594)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2 |  | 2
Profit and loss account |  |  | - |  | (3,005,596)
|  |  | 2 |  | (3,005,594)
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 Period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 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 statement of comprehensive income 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 9 September 2025. Page 1
AURORA LABS LTD REGISTERED NUMBER: 13191902 BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2025
S M Werner | D Perez Hernandez
Director | Director
The notes on pages 3 to 7 form part of these financial statements. Page 2
AURORA LABS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2025
1. | General information
Aurora Labs Ltd is a private Company limited by shares and incorporated in England and Wales on 10th February 2021. The registered office is 21 Gloucester Place, London, United Kingdom, W1U 8HR. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The company has taken advantage of the disclosure exemptions available under Section 1A of FRS 102, including exemptions from the presentation of a statement of cash flows and certain financial instrument disclosures. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably. Page 3
AURORA LABS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.3 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Intangible assets consisting of digital assests held for investment are determined to have an indefinite useful economic life. These assets are therefore not amortised but reviewed and tested for impairment on regular basis. FRS 102 states that all intangible assets are deemed to have a finite life. Therefore to apply indefinite life requires a true and fair override of FRS 102. Indefinite life best reflects the substance of Digital assets. .
| 2.4 | 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. 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% |
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.
| 2.5 | 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.
| 2.6 | 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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Page 4
AURORA LABS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.7 | 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.
3. | Employees
| The average monthly number of employees, including the directors, during the Period was as follows:
|  |  | Period Ended 30 June | 29 February
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Average number of employees | 2 | 6
4. | Intangible assets
|  | Digital Assets
|  | £
| At 1 March 2024 | 87,364
| Disposals | (87,364)
| At 30 June 2025 | -
| Net book value |
| At 30 June 2025 | -
| At 29 February 2024 | 87,364
Page 5
AURORA LABS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2025
5. | Tangible fixed assets
|  | Computer equipment
|  | £
| At 1 March 2024 | 35,737
| Disposals | (35,737)
| At 30 June 2025 | -
| Net book value |
| At 30 June 2025 | -
| At 29 February 2024 | 35,737
6. | Debtors
|  |  |  |  | Period Ended 30 June | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | - | 5,431
| VAT repayable | - | 29,976
|  | - | 35,407
7. | Cash and cash equivalents
|  |  |  |  | Period Ended 30 June | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 2 | 69,316
|  | 2 | 69,316
Page 6
AURORA LABS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2025
8. | Creditors: Amounts falling due within one year
|  |  |  |  | Period Ended 30 June | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | - | 2,437
| Amounts owed to group undertakings | - | 3,195,469
| Other taxation and social security | - | 28,011
| Other creditors | - | 7,501
|  | - | 3,233,418
9. | Share capital
|  |  |  |  | Period Ended 30 June | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 2 (2024 - 2) Ordinary shares shares of £1.00 each | 2.00 | 2.00
10. | Exceptional income
Exceptional items of £3,621,116 relates to the write-back of a loan from the parent company.
Page 7