ACCOUNTS - Final Accounts

Registered number: 14287639

CLIMATE ALIGNED COMPANY LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2025

CLIMATE ALIGNED COMPANY LTD

REGISTERED NUMBER: 14287639

BALANCE SHEET

AS AT 31 AUGUST 2025

		As restated
	2025	2024
Note	£	£

FIXED ASSETS
Tangible assets	4		4,898		10,249
			4,898		10,249
CURRENT ASSETS
Debtors: amounts falling due within one year	5	112,605		143,372
Cash at bank and in hand		200,850		821,647
		313,455		965,019
Creditors: amounts falling due within one year	6	(17,685)		(31,817)
NET CURRENT ASSETS			295,770		933,202
TOTAL ASSETS LESS CURRENT LIABILITIES			300,668		943,451

NET ASSETS			300,668		943,451

CAPITAL AND RESERVES
Called up share capital	7	121	121
Share premium account	8	1,447,962	1,447,962
Other reserves	8	500,015	500,015
Profit and loss account	8	(1,647,430)	(1,004,647)
		300,668	943,451

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CLIMATE ALIGNED COMPANY LTD

REGISTERED NUMBER: 14287639

BALANCE SHEET (CONTINUED)

AS AT 31 AUGUST 2025

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 year 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 profit and loss account 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 by:

A Tukiainen

Director

Date: 11 December 2025

The notes on pages 3 to 8 form part of these financial statements.

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CLIMATE ALIGNED COMPANY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	GENERAL INFORMATION

Climate Aligned Company Ltd is a private company, limited by shares, registered in England and Wales. The Company's registered number and registered office address is 86-90 Paul Street, London, EC2A 4NE.

All figures have been rounded to the nearest whole pound (£).

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

GOING CONCERN

The financial statements have been prepared on the going concern basis. The Company has incurred further losses during the year. However, the directors have agreed to support the Company with funding as and when required. On this basis, the directors are therefore of the opinion that they should continue to adopt the going concern basis in preparing the annual financial statements.

2.3

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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CLIMATE ALIGNED COMPANY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.4

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

2.5

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.6

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

2.7

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.8

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

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CLIMATE ALIGNED COMPANY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.9

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.10

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

3 years

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.

2.11

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.

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CLIMATE ALIGNED COMPANY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.12

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.

2.13

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.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 9 (2024 - 7).

4.	TANGIBLE FIXED ASSETS

		Computer equipment
		£
	COST OR VALUATION
	At 1 September 2024	15,626
	Additions	1,662
	Disposals	(3,957)
	At 31 August 2025	13,331
	DEPRECIATION
	At 1 September 2024	5,377
	Charge for the year on owned assets	5,571
	Disposals	(2,515)
	At 31 August 2025	8,433
	NET BOOK VALUE
	At 31 August 2025	4,898
	At 31 August 2024	10,249

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CLIMATE ALIGNED COMPANY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

DEBTORS

					2025	2024
					£	£


Trade debtors	743	-
Other debtors	107,751	122,049
Prepayments and accrued income	4,111	21,323
	112,605	143,372

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Trade creditors	3,341	18,078
Other taxation and social security	538	-
Other creditors	-	2,239
Accruals and deferred income	13,806	11,500
	17,685	31,817

7.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

929,688 (2024 - 930,000) Ordinary shares of £0.0001 each	93	93
283,325 (2024 - 280,000) Preference shares of £0.0001 each	28	28

	121	121

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CLIMATE ALIGNED COMPANY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

RESERVES

Share premium account

The share premium account represents the excess of consideration received for shares issued over their nominal value, less any directly attributable costs of issue such as legal and professional fees.

Other reserves

Other reserves include amounts received under advance subscription agreements. These funds represent consideration received from investors for future allotment of shares under legally binding agreements. The amounts are classified as equity because they are non-refundable and will be applied to the issue of shares in accordance with the terms of the agreements. No interest is payable on these amounts.

Profit and loss account

The profit and loss account comprises accumulated profits and losses of the Company, net of any dividends paid.

9.	PRIOR YEAR ADJUSTMENT

During the year, the Company reviewed the classification of amounts received under advance subscription agreements. In the prior year, these amounts were presented within non-current liabilities. Following a review of the terms of the agreements, management concluded that these amounts should be classified as equity, as the funds are non-refundable and will be applied to the issue of shares under legally binding agreements.

As a result, the comparative figures have been restated to reclassify £500,015 from non-current liabilities to other reserves within equity. This adjustment has no impact on profit or loss or net assets.

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