ILIAD LTD


Directors	D M DEANE
	T LOUREIRO


Registered Address	86-90 Paul Street
	London
	EC2A 4NE


Registered Number	15551859 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025
		£	£
Current assets
Debtors	4	162,012
Cash at bank and on hand		327,619
		489,631
Creditors amounts falling due within one year	5	(14,252)
Net current assets (liabilities)			475,379
Total assets less current liabilities			475,379
Net assets			475,379
Capital and reserves
Called up share capital			105
Share premium			243,994
Other reserves			314,658
Profit and loss account			(83,378)
Shareholders' funds			475,379

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 9 December 2025, and are signed on its behalf by:

D M DEANE
Director
Registered Company No. 15551859

ILIAD LTD

Notes to the Financial Statements
for the period ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The financial statements have been prepared on a going concern basis. The directors consider this basis appropriate as the Company has sufficient cash available to continue to trade for at least 12 months from the date these financial statements are authorised for issue.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

2.	Average number of employees


		2025
	Average number of employees during the year	1

3.	Further information regarding the company's income
	These financial statements have been prepared for the period from the date of incorporation on 9 March 2024 to 31 March 2025. This represents the Company’s first set of financial statements since incorporation.

4.	Debtors: amounts due within one year

		2025
		£
	Other debtors	31,512
	Prepayments and accrued income	130,500
	Total	162,012

5.	Creditors: amounts due within one year

		2025
		£
	Trade creditors / trade payables	7,114
	Taxation and social security	2,406
	Other creditors	4,732
	Total	14,252

6.	Share capital
	Allotted, called up and fully paid 2025 £ 1,001,912 Ordinary of £0.001 100 49,107 Ordinary A of £0.001 5 On 9 March 2025, upon incorporation of the Company 1,000 Ordinary shares were issued with a nominal value of £0.10 per share. On the 14 March 2025 a sub division resolution was made, updating the Ordinary shares in issue to 1,000,000 with a nominal value of £0.0001 per share. On 31 March 2025 the company issued 1,912 Ordinary shares with a nominal value of £0.0001 at £4.90 per share and issued 49,107 Ordinary A shares with a nominal value of £0.0001 each at £4.90 per share.

Share capital

Allotted, called up and fully paid
                                                          2025
                                                             £          
1,001,912 Ordinary of £0.001           100
49,107 Ordinary A of £0.001               5

On 9 March 2025, upon incorporation of the Company 1,000 Ordinary shares were issued with a nominal value of £0.10 per share. 

On the 14 March 2025 a sub division resolution was made, updating the Ordinary shares in issue to 1,000,000 with a nominal value of £0.0001 per share.

On 31 March 2025 the company issued 1,912 Ordinary shares with a nominal value of £0.0001 at £4.90 per share and issued 49,107 Ordinary A shares with a nominal value of £0.0001 each at £4.90 per share.

7.	Further information regarding the company's financial position
	Included in other reserves are Advanced Subscription Agreements ('ASA's') totalling £314,658. All of the ASA's were converted into equity post the period end on 2 April 2025. Of the total ASA's £184,158 was received in cash during the period and £130,500 related to services provided to the Company in exchange for ASAs. As these services were provided to the Company post the period end, the expense has been prepaid as at the period ended 31 March 2025 and is included within prepayments.

Further information regarding the company's financial position

Included in other reserves are Advanced Subscription Agreements ('ASA's') totalling £314,658. All of the ASA's were converted into equity post the period end on 2 April 2025.

Of the total ASA's £184,158 was received in cash during the period and £130,500 related to services provided to the Company in exchange for ASAs. As these services were provided to the Company post the period end, the expense has been prepaid as at the period ended 31 March 2025 and is included within prepayments.