Assured Digital Group Limited

	Page
Statement of Financial Position	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—7

	Share Capital	Share Premium	Other reserves	Income Statement	Total
	£	£	£	£	£
As at 1 April 2023	9,156	1,246,263	3,541,893	(3,822,851 )	974,461
Loss for the year and total comprehensive income	-	-	-	(320,790 )	(320,790)

As at 31 March 2024 and 1 April 2024	9,156	1,246,263	3,541,893	(4,143,641 )	653,671


Loss for the year and total comprehensive income	-	-	-	(106,258 )	(106,258)

Reversal of other reserves	-	-	(3,541,893)	-	(3,541,893)
Transfer to/from Other Reserves	-	-	-	3,541,894	3,541,894

As at 31 March 2025	9,156	1,246,263	-	(708,005 )	547,414

Other reserves represent unrealised gains arising from the sale of 100% of shares in Assured Digital Group (Australia) Pty Ltd, as outlined in Notes 3 to the financial statements as well as the sale of 100% of shares in MDS Technologies on 9 April 2020.

The subsequent shares in Sovereign Cloud Holdings were sold on 18 Feb 2025 and any remaining other reserves transferred to the profit and loss account.

The profit and loss account represents accumulated profits and losses, less any distributions to shareholders.

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Assured Digital Group Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Assured Digital Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09677728 . The registered office is The Quorum, Bond Street South, Bristol, BS1 3AE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

The Company recognises turnover when the amount of income can be reliably measured; when it is probable that future economic beneﬁts will ﬂow to the entity; and when speciﬁc criteria have been met for each of the Company’s activities.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office & Computer Equipment

20% - 33%

Intangibles

Intangibles are stated at cost less any provision for impairment.

Investment in subsidiaries

Investments in subsidiaries and associates are stated at cost less any provision for impairment.

2.5. Financial Instruments

Classification

The company holds the following financial instruments:

Short term trade and other debtors and creditors;
Bank loans; and
Cash and bank balances.

All financial instruments are classified as basic.

Recognition and measurement

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

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Assured Digital Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Foreign Currencies

Items included in the ﬁnancial statements of the Company are measured using the currency of the primary economic environment in which the Company operates (‘the functional currency’). The ﬁnancial statements are presented in ‘Pounds Sterling’ (£), which is also the Company’s functional currency

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme.

A deﬁned contribution plan is a pension plan under which the Company pays ﬁxed contributions into a separate entity. The Company has no legal or constructive obligations to pay further contributions if the fund does not hold sufﬁcient assets to pay all employees the beneﬁts relating to employee service in the current and prior periods.

2.9. Consolidation

Assured Digital Group Limited is a small group and therefore not required to publish consolidated financial statements.

Hadston GDS Ltd and Assured Digital Genomics Ltd are all wholly owned subsidiaries of Assured Digital Group Ltd. Consolidated accounts have not been prepared on the basis that all of the subsidiaries are dormant and the total Group does not exceed the thresholds of a small group in accordance with the provisions of Section 405 of the Companies Act 2006.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: NIL)

4. Tangible Assets

	Office & Computer Equipment
	£
Cost
As at 1 April 2024	9,907

As at 31 March 2025	9,907

...CONTINUED

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Assured Digital Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	9,907

As at 31 March 2025	9,907

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

5. Investments

	Subsidiaries
	£
Cost
As at 1 April 2024	2,017,621
Disposals	(2,017,621 )

As at 31 March 2025	-

Provision
As at 1 April 2024	1,910,184
Reversal of past impairments	(1,910,184 )

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	107,437

Investment in subsidiaries

The Company has investments in the following companies:

Name of company	Investment	Country of incorporation	Nature of business	% voting rights and shares held
Hadston GDS Ltd	£2	UK	Dormant entity	100% ordinary shares
Assured Digital Genomics Ltd	£1	UK	Dormant entity	100% ordinary shares

At the start of the year, the Company held 693,400 shares in Sovereign Cloud Holdings Pty Ltd which were acquired on the 20th of December 2017 in consideration for the Company’s shares in Assured Digital Group (Australia) Pty Ltd. The cost value of these shares was AUS $4,160,400. These shares were subsequently sold on the 18th February 2025.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	3,845	67,658
Other debtors	28,904	5,768
VAT	3,221	-

	35,970	73,426
Due after more than one year
Long term loan as part of sale of subsidiary	462,724	462,724

	498,694	536,150

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Assured Digital Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	11,820	4,771
Other taxes and social security	36,714	35,598
VAT	-	305
Accruals and deferred income	1,938	1,858

	50,472	42,532

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	9,156	9,156

9. Related Party Transactions

The Company has taken advantage of the exemption conferred by FRS102 in not disclosing transactions with wholly owned group entities.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	5		-		107,437

			-		107,437
CURRENT ASSETS
Debtors	6	498,694		536,150
Cash at bank and in hand		99,192		52,616

		597,886		588,766
Creditors: Amounts Falling Due Within One Year	7	(50,472 )		(42,532 )

NET CURRENT ASSETS (LIABILITIES)			547,414		546,234

TOTAL ASSETS LESS CURRENT LIABILITIES			547,414		653,671

NET ASSETS			547,414		653,671

CAPITAL AND RESERVES
Called up share capital	8		9,156		9,156
Share premium account			1,246,263		1,246,263
Other reserves			-		3,541,893
Income Statement			(708,005 )		(4,143,641 )

SHAREHOLDERS' FUNDS			547,414		653,671