REGISTERED NUMBER: 13806025 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Mutt Data AI Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

Mr C L Ellis

REGISTERED OFFICE:

1-2 Charterhouse Mews

London

EC1M 6BB

REGISTERED NUMBER:

13806025 (England and Wales)

ACCOUNTANTS:

ansteybond

1-2 Charterhouse Mews

London

EC1M 6BB

FIXED ASSETS

Investments

4

270,152

201

CURRENT ASSETS

Debtors

5

41,197

10,000

Cash at bank

9,789

10,299

50,986

20,299

CREDITORS

Amounts falling due within one year

6

(5,041

)

(32,925

)

NET CURRENT ASSETS/(LIABILITIES)

45,945

(12,626

)

TOTAL ASSETS LESS CURRENT LIABILITIES

316,097

(12,425

)

CAPITAL AND RESERVES

Called up share capital

57,599

10,000

Share premium

215,951

-

Treasury shares

6,401

-

Retained earnings

36,146

(22,425

)

316,097

(12,425

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 December 2025 and were signed by:

Mr C L Ellis - Director

1.	STATUTORY INFORMATION

Mutt Data AI Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements are prepared in sterling, which is the presentational currency of the company. Monetary amounts in there financial statements are rounded to the nearest £.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Cash and cash equivalents

Cash and cash equivalents include cash at bank and in hand and highly liquid interest-bearing securities with maturities of three months or less. Cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowing in liabilities on the balance sheet.

Trade and other debtors

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or that constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment.

Trade and other creditors

Trade and other creditors are initially recognised as fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Investments in subsidiaries

Investments in subsidiaries are valued at cost less provision for impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

201

Additions

269,951

At 31 December 2024

270,152

NET BOOK VALUE

At 31 December 2024

270,152

At 31 December 2023

201

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Cost

270,152

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Vuriltek S.A.

Registered office: Uruguay

Nature of business: Technology service activities

%

Class of shares:

holding

Ordinary

100.00

2024

2023

£

£

Aggregate capital and reserves

1,481,246

718,525

Profit for the year

892,531

191,371

Mutt Data SAS

Registered office: AV. SANTA FE 1752 PB, CABA

Nature of business: IT consultants

%

Class of shares:

holding

Ordinary

98.00

2024

£

Aggregate capital and reserves

278,956

Profit for the year

171,769

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

41,197

-

Other debtors

-

10,000

41,197

10,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

-

30,405

Other creditors

5,041

2,520

5,041

32,925

7.	RELATED PARTY DISCLOSURES

During the period the subsidiary company, Vuriltek S.A., paid for invoices in relation to the company amounting to £14,536 (2023: £10,020). As at the period end, a balance of £41,197 (2023: £30,405Cr) was owed from the subsidiary company.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties, by virtue of their shareholdings, are Juan Mateo De Monasterio, Pedro Ferrari, Pablo Andres Lorenzatto, Juan Martin Pampliega.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mutt Data AI Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Mutt Data AI Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mutt Data AI Ltd and state those matters that we have agreed to state to the director of Mutt Data AI Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mutt Data AI Ltd and its director for our work or for this report.

It is your duty to ensure that Mutt Data AI Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mutt Data AI Ltd. You consider that Mutt Data AI Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mutt Data AI Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

ansteybond

1-2 Charterhouse Mews

London

EC1M 6BB

24 December 2025