ACCOUNTS - Final Accounts preparation

Registered number: SC718917

Metahelios Limited

Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2025

Metahelios Limited

Registered number: SC718917

Balance Sheet

As at 31 March 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	4		16,039		-
Tangible assets	5		4,178		6,099
			20,217		6,099
Current assets
Stocks		21,100		21,100
Debtors: amounts falling due within one year	6	45,964		62,257
Cash at bank and in hand	7	407,495		4,184
		474,559		87,541
Creditors: amounts falling due within one year	8	(427,952)		(167,672)
Net current assets/(liabilities)			46,607		(80,131)
Total assets less current liabilities			66,824		(74,032)
Creditors: amounts falling due after more than one year	9		(290,000)		-
Provisions for liabilities
Deferred tax	10	(1,525)		(1,040)
			(1,525)		(1,040)
Net liabilities			(224,701)		(75,072)

Capital and reserves
Called up share capital	11	2	2
Profit and loss account		(224,703)	(75,074)
		(224,701)	(75,072)

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Metahelios Limited

Registered number: SC718917

Balance Sheet (continued)

As at 31 March 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 statement of income and retained earnings 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 on 23 December 2025.

Dr Charles Michael Xavier Altuzarra

Director

The notes on pages 3 to 10 form part of these financial statements.

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Metahelios Limited

Notes to the Financial Statements

For the Year Ended 31 March 2025

1.	General information

Metahelios Limited is a private company limited by shares incorporated in Scotland within the United Kingdom. The registration number and address of the registered office are given in the Company Information section of these financial statements.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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 Directors have reviewed the appropriateness of the going concern assumption and consider that the Company has sufficient resources and cashflow to continue as a trading entity for the foreseeable future.

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Metahelios Limited

Notes to the Financial Statements

For the Year Ended 31 March 2025

2.Accounting policies (continued)

2.3

Revenue

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

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue 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 revenue 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.

2.4

Government grants

Grants are accounted for under the performance model as permitted by FRS 102. Grants are recognised in income when the performance-related conditions attached to the grant have been met.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related performance obligations are satisfied.

2.5

Interest income

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

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Metahelios Limited

Notes to the Financial Statements

For the Year Ended 31 March 2025

2.Accounting policies (continued)

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.8

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.

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Metahelios Limited

Notes to the Financial Statements

For the Year Ended 31 March 2025

2.Accounting policies (continued)

2.8

Tangible fixed assets (continued)

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:

Plant and machinery	-	20%
Office equipment	-	10%
Computer equipment	-	33%

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.

2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.10

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.

2.11

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.

2.12

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.

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Metahelios Limited

Notes to the Financial Statements

For the Year Ended 31 March 2025

2.Accounting policies (continued)

2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Employees

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Employees	2	3

4.	Intangible assets

		Patents
		£
	Cost
	Additions	16,883
	At 31 March 2025	16,883
	Amortisation
	Charge for the year on owned assets	844
	At 31 March 2025	844
	Net book value
	At 31 March 2025	16,039
	At 31 March 2024	-

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Metahelios Limited

Notes to the Financial Statements

For the Year Ended 31 March 2025

5.	Tangible fixed assets

	Plant and machinery	Office equipment	Computer equipment	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	5,559	1,467	2,641	9,667
At 31 March 2025	5,559	1,467	2,641	9,667
Depreciation
At 1 April 2024	1,297	292	1,979	3,568
Charge for the year on owned assets	1,112	147	662	1,921
At 31 March 2025	2,409	439	2,641	5,489
Net book value
At 31 March 2025	3,150	1,028	-	4,178
At 31 March 2024	4,262	1,175	662	6,099

Debtors

					2025	2024
					£	£


Trade debtors	-	22,027
Other debtors	34,688	32,734
Prepayments and accrued income	11,276	7,496
	45,964	62,257

7.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	407,495	4,184
	407,495	4,184

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Metahelios Limited

Notes to the Financial Statements

For the Year Ended 31 March 2025

8.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Trade creditors	-	56,124
Other taxation and social security	10,155	-
Other creditors	401,398	99,648
Accruals and deferred income	16,399	11,900
	427,952	167,672

9.	Creditors: amounts falling due after more than one year
		2025	2024
		£	£

Convertible loan notes	290,000	-
	290,000	-

Convertible loan notes are unsecured and interest free. The notes may be redeemed at the maturity date in June 2027 or an earlier conversion event.

10.	Deferred taxation

		2025
		£

	At beginning of year	(1,040)
	Charged to profit or loss	(485)
	At end of year	(1,525)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

Accelerated capital allowances	(1,040)	(1,040)
Tax losses carried forward	(485)	-
	(1,525)	(1,040)

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Metahelios Limited

Notes to the Financial Statements

For the Year Ended 31 March 2025

11.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

2 (2024 - 2) Ordinary shares of £1.00 each	2	2

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