Company No: 12744137 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	J M Coombes (Appointed 01 February 2025)
	L M Hawkins
	J P Latham (Resigned 09 January 2025)

REGISTERED OFFICE	Lorentz Botley Road
	Curbridge
	Southampton
	SO30 2HB
	United Kingdom

COMPANY NUMBER

12744137 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Salatin House
	19 Cedar Road
	Sutton
	SM2 5DA

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	415		1,142
		415		1,142
Current assets
Debtors
- due within one year	5	49,713		51,802
- due after more than one year	5	11,354		0
Cash at bank and in hand	6	46,435		16,589
		107,502		68,391
Creditors: amounts falling due within one year	7	( 172,848)		( 506,927)
Net current liabilities		(65,346)		(438,536)
Total assets less current liabilities		(64,931)		(437,394)
Net liabilities		( 64,931)		( 437,394)
Capital and reserves
Called-up share capital	8	150		125
Profit and loss account		( 65,081 )		( 437,519 )
Total shareholders' deficit		( 64,931)		( 437,394)

For the financial year ending 31 July 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 year 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 Profit and Loss Account has not been delivered.

The financial statements of Coalescent Limited (registered number: 12744137) were approved and authorised for issue by the Board of Directors on 07 November 2025. They were signed on its behalf by:

L M Hawkins Director

1. Accounting policies

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

General information and basis of accounting

Coalescent Limited (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 Lorentz Botley Road, Curbridge, Southampton, SO30 2HB, 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 a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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:

Plant and machinery etc.

4 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

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 Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account 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.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Critical accounting judgements and key sources of estimation uncertainty

There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		6

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 August 2024	3,383		3,383
At 31 July 2025	3,383		3,383
Accumulated depreciation
At 01 August 2024	2,241		2,241
Charge for the financial year	727		727
At 31 July 2025	2,968		2,968
Net book value
At 31 July 2025	415		415
At 31 July 2024	1,142		1,142

5. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Trade debtors	2		32
Prepayments	620		733
Corporation tax	48,403		48,194
Other taxation and social security	688		1,501
Other debtors	0		1,342
	49,713		51,802
Debtors: amounts falling due after more than one year
Corporation tax	11,354		0

6. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	46,435		16,589

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	33,647		13,221
Amounts owed to Group undertakings	0		409,705
Amounts owed to directors	50,002		0
Accruals and deferred income	79,017		84,001
Other creditors	10,182		0
	172,848		506,927

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
15,000 Ordinary A shares of shares of £ 0.01 each (2024: nil shares)	150		0
Nil Ordinary A Shares £1 each shares (2024: 105 shares of £ 1.00 each)	0		105
Nil Ordinary B Shares £1 each shares (2024: 5 shares of £ 1.00 each)	0		5
Nil Growth Share B £1 each ordinary shares (2024: 15 shares of £ 1.00 each)	0		15
	150		125