Company No: 12268467 (England and Wales)

Contents

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

DIRECTOR

Dr Mark Robert James

REGISTERED OFFICE	Beech Tree House
	Aldwark
	York
	YO61 1UB
	United Kingdom

COMPANY NUMBER

12268467 (England and Wales)

ACCOUNTANT	YorSolution Ltd
	Wellington House
	Aviator Court
	York
	YO30 4UZ
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	0		2,868
		0		2,868
Current assets
Debtors	4	2,105		808
Cash at bank and in hand	5	513		2,768
		2,618		3,576
Creditors: amounts falling due within one year	6	( 934)		( 1,036)
Net current assets		1,684		2,540
Total assets less current liabilities		1,684		5,408
Net assets		1,684		5,408
Capital and reserves
Called-up share capital	7	10		10
Profit and loss account		1,674		5,398
Total shareholders' funds		1,684		5,408

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 Borius Research Ltd (registered number: 12268467) were approved and authorised for issue by the Director on 04 December 2025. They were signed on its behalf by:

Dr Mark Robert James 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

Borius Research 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 Beech Tree House, Aldwark, York, YO61 1UB, 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

In 2025 the directors made the decision that the Company would cease trading. The transfer was finalised in October 2025. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.

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 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:

Computer equipment

3 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 Balance Sheet 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.

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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 November 2024	5,892		5,892
Disposals	( 5,892)		( 5,892)
At 31 October 2025	0		0
Accumulated depreciation
At 01 November 2024	3,024		3,024
Charge for the financial year	1,858		1,858
Disposals	( 4,882)		( 4,882)
At 31 October 2025	0		0
Net book value
At 31 October 2025	0		0
At 31 October 2024	2,868		2,868

4. Debtors

	2025		2024
	£		£
Trade debtors	1,904		808
Corporation tax	201		0
	2,105		808

5. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	513		2,768

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Taxation and social security	0		841
Other creditors	934		195
	934		1,036

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
8 Ordinary shares of £ 1.00 each	8		8
2 Ordinary A shares of £ 1.00 each	2		2
	10		10