Company No: 10652245 (England and Wales)

Contents

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

DIRECTORS	Mr A Clover
	Mr M Clover
	Mr H Sommer

REGISTERED OFFICE	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

COMPANY NUMBER

10652245 (England and Wales)

	Note	2025		2024
		£		£
Fixed assets
Investments	4	2,519,258		2,520,396
		2,519,258		2,520,396
Current assets
Cash at bank and in hand		9,167		11,310
		9,167		11,310
Creditors: amounts falling due within one year	5	( 2,649,055)		( 2,643,055)
Net current liabilities		(2,639,888)		(2,631,745)
Total assets less current liabilities		(120,630)		(111,349)
Net liabilities		( 120,630)		( 111,349)
Capital and reserves
Called-up share capital		1		1
Profit and loss account		( 120,631 )		( 111,350 )
Total shareholder's deficit		( 120,630)		( 111,349)

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

Directors' responsibilities:

• The member has 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 AH Clover Limited (registered number: 10652245) were approved and authorised for issue by the Board of Directors on 22 December 2025. They were signed on its behalf by:

Mr H Sommer 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

AH Clover 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 22 Chancery Lane, London, WC2A 1LS, 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 assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

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:

Plant and machinery etc.

4 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 Profit and Loss Account as described below.

Fixed asset investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Investments in associates, being entities over which the company has significant influence and that is neither a subsidiary nor a joint venture, are measured at cost less any accumulated impairment losses.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Ordinary share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

2. Employees

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

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2024	1,909		1,909
At 31 March 2025	1,909		1,909
Accumulated depreciation
At 01 April 2024	1,909		1,909
At 31 March 2025	1,909		1,909
Net book value
At 31 March 2025	0		0
At 31 March 2024	0		0

4. Fixed asset investments

	Listed investments		Investments in associates		Total
	£		£		£
Cost or valuation before impairment
At 01 April 2024	5,799		2,514,597		2,520,396
Movement in fair value	( 1,138)		0		( 1,138)
At 31 March 2025	4,661		2,514,597		2,519,258
Carrying value at 31 March 2025	4,661		2,514,597		2,519,258
Carrying value at 31 March 2024	5,799		2,514,597		2,520,396

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.03.2025	Ownership 31.03.2024
ONE.IO Group Limited	6th Floor Kings House, 9 - 10 Haymarket, London, England, SW1Y 4BP	Holding company	Ordinary	33.33%	33.33%

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to related parties (note 6)	97,710		97,710
Other creditors	2,551,345		2,545,345
	2,649,055		2,643,055

Other creditors include an amount due to Jandy (JH) Limited, a company under common control, of £2,541,145 (2024: £2,541,145). The amount is unsecured, interest free and repayable on demand.

6. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Director's current account	97,710		97,710

At the balance sheet date the amount owed to A Clover was £97,710 (2024 - £97,710). The amount is unsecured,
interest free and repayable on demand.