Contents of the Financial Statements

for the Period Ended 30 June 2025

Directors' report period ended 30 June 2025

The directors present their report with the financial statements of the company for the period ended 30 June 2025

Directors

The directors shown below have held office during the whole of the period from
1 July 2024 to 30 June 2025

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 December 2025

And signed on behalf of the board by:
Name: B Smith
Status: Director

Profit And Loss Account

for the Period Ended 30 June 2025

Balance sheet

As at 30 June 2025

The notes form part of these financial statements

Balance sheet statements

For the year ending 30 June 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 30 June 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  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 at the fair value of the consideration received or receivable. Revenue is recognised in profit or loss to the prorate part of the services rendered to the client during the reporting date. Revenue comprises fund administration and company secretarial services and is recognised with regards to IFRS 15 - Revenue from contracts with customers.

  Tangible fixed assets depreciation policy

  All property, plant and equipment (PPE) is stated at historical cost less depreciation. Cost of an item of PPE includes both its purchase price and any directly attributable costs that were required for the asset to be prepared and made available for operational use. Depreciation, based on a component approach, is calculated using the straight-line method to allocate the cost over the assets estimated useful live

  Other accounting policies

  Principal accounting policies The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the Company's financial statements: Basis of preparation The financial statements of the Company have been prepared in accordance with International Financial Reporting Standards (IFRS) and interpretations issued by the IFRS Interpretations Committee (IFRSIC) applicable to companies reporting under IFRS. The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed in note 3. Going concern The Directors have assessed the Company’s financial position and performance, including its cash flow forecasts and funding arrangements, and are satisfied that the Company has adequate resources to continue in operational existence for the foreseeable future. In forming this view, the Directors considered the Company’s trading outlook, access to committed credit facilities, and its ability to manage expenditure and working capital effectively. The assessment covers a period of at least 12 months from the date of approval of the financial statements. Based on this review, the Directors consider the adoption of the going concern basis in preparing the financial statements to be appropriate. No material uncertainties have been identified that would cast significant doubt on the Company’s ability to continue as a going concern. Changes in accounting policy and disclosures Standards adopted by the Group The IFRSIC has published a new Interpretation IFRIC 23 ‘Uncertainty over Income Tax Treatments’, specifying how entities should reflect uncertainty in accounting for income taxes. IAS 12 ‘Income Taxes’ specifies how to account for current and deferred tax but not how to reflect the effects of uncertainty. IFRIC 23 addresses this previous lack of guidance. IFRIC 23 addresses uncertainty over how tax treatments should affect the accounting for income taxes. IFRIC had observed that there was diversity in practice for various issues on the recognition and measurement of a tax liability or asset in circumstances where there is uncertainty in the application of the tax law in concern. The Company has considered IFRIC 23 and believes this will have no material impact on the Company's tax position in future years. IFRS 9 - Financial Instruments IFRS 9 was published in July 2014 and replaced guidance in IAS 39 'Financial Instruments': Recognition and Measurement. IFRS 9 includes revised guidance on classification and measurement of financial instruments, including an expected credit loss model for calculating impairment on financial assets. The Company implemented IFRS on incorporation. IFRS 9 does not have a material impact on the financial statements for Future expected losses. IFRS 9 contains three principal classification categories for financial assets: measured at amortised cost, Fair value through other comprehensive income (“FVOCI”) and Fair value through profit and loss (“FVTPL”). The classification of financial assets under IFRS 9 is generally based on the business model in which a financial asset is managed and its contractual cash flow characteristics. IFRS 9 eliminates the previous IAS 39 categories of held to maturity, loans and receivables and available for sale. IFRS 9 largely retains the existing requirements in IAS 39 for the classification and measurement of financial liabilities. The adoption of IFRS 9 has not had a significant effect on the Company's accounting policies related to financial liabilities. For the year ended 30 June 2025, there are no trade debtor provisions made in the financial statements. IFRS 15 - Revenue from contracts with customers Revenue recognition has been dealt with in IAS 18 'Revenue' and IAS 11 'Construction Contracts', neither were written taking into account the many complexities that now arise in contracts. IFRS 15 is the new standard on revenue recognition that is intended to deal specifically with revenue from contracts with customers. The core principle of IFRS 15 is that an entity recognises revenue on the transfer of goods or services to customer, which is when the customer is ultimately able to benefit from the goods or service provided. Management has assessed the effect of applying the new standard to the Company and have concluded that the impact on reporting is not material and mainly related to fixed fee services provided to customers. IFRS 16 - Leases IFRS 16 replaces IAS 17 ‘Leases’, IFRIC 4 ‘Determining whether an Arrangement contains a Lease’, SIC-15 ‘Operating Leases Incentives’ and SIC-27 ‘Evaluating the Substance of Transactions Involving the Legal Form of a Lease’. IFRS 16 sets out the principles for the recognition, measurement, presentation and disclosure of leases and requires lessees to account for all leases under a single on-balance sheet model similar to the accounting for finance leases under IAS 17. From a lessee perspective, at the commencement date of a lease, a lessee will recognise a liability to make lease payments (‘lease liability’) and an asset representing the right to use the underlying asset during the lease term (‘right-of-use asset’). Lessees will be required to separately recognise the interest expense on the lease liability and the depreciation expense on the right-of-use asset. Lessees will also be required to remeasure the lease liability upon the occurrence of certain events (such as a change in the lease term or lease payments, unless there is a substantial modification to the substance of the contract). The amount of the remeasurement of the lease liability is recognised as an adjustment to the right-of-use asset. Foreign Currency Translation (a) Functional and presentation currency Items included in the financial statements of the Company are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The financial statements are presented in Pound Sterling (GBP or £), which is also the Company's presentation currency. (b) Transactions and balances Foreign currency transactions are translated into the functional currency using the exchange rate prevailing at the dates of the transactions or valuation where items are re-measured. Foreign exchange gains or losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income, except when deferred in other income as qualifying cash flow hedges. All other foreign exchange gains and losses are presented in the statement of comprehensive income within 'Other expenses'. Property, plant and equipment All property, plant and equipment (PPE) is stated at historical cost less depreciation. Cost of an item of PPE includes both its purchase price and any directly attributable costs that were required for the asset to be prepared and made available for operational use. Depreciation, based on a component approach, is calculated using the straight-line method to allocate the cost over the assets estimated useful lives. Trade and other receivables Trade and other receivables are amounts due from customers for services performed in the ordinary course of business. If collection is expected in one year or less (or in the normal operating cycle of business if longer), they are classified as current assets. If not, they are presented as non-current assets. Receivables are recognised initially at fair value and subsequently stated at amortised cost. At each reporting date, the Company shall measure the loss allowance on debt assets carried at amortised cost at an amount equal to the lifetime expected credit losses if the credit risk has increased significantly since initial recognition. If at the reporting date, the credit risk has not increased significantly since initial recognition, the Company shall measure the loss allowance at an amount equal to 12 month expected credit losses. The expected credit losses are estimated using a provision matrix based on the Company's historical credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current as well as the forecast direction of conditions at the reporting date, including time value of money where appropriate. The measurement of expected credit losses is a function of the probability of default, loss given default (i.e. the magnitude of the loss if there is a default) and exposure at the default. The assessment of the probability of default and loss given default is based on historical data adjusted by forward looking information. Cash and cash equivalents Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts, if any. In the balance sheet, bank overdrafts are shown within borrowings in current liabilities, if any. Share capital Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds Segmental reporting Operating segments are reported in a manner consistent with the internal reporting provided to the Board of Directors. The Board of Directors, who are responsible for allocating resources and assessing performance of the operating segments, have been identified as the steering committee that makes strategic decisions. The Directors are of the opinion that the Company is engaged in a single segment of business and therefore no segmental reporting is required. Creditors Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method. Borrowings Interest bearing loans and receivables are recognised initially at fair value, net of transaction cost incurred. They are subsequently stated at amortised cost; any difference between proceeds (net of transaction cost) and the redemption value is recognised as other costs in the statement of comprehensive income over the period of the borrowings using the effective interest method. Provisions Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the statement of financial position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle a present obligation, its carrying amount is the present value of those cash flows. When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably. Contingent liabilities A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence of one or more uncertain future events. It can also be a present obligation that is not recognised because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in the rare cases where there is a liability that cannot be recognised because it cannot be measured reliably. The Company does not recognise a contingent liability but discloses its existence in the notes to the financial statements. Pension costs Pension contributions due by the Company in respect of its defined contribution scheme on behalf of employees are charged to the statement of comprehensive income in the year in which such contributions are payable. Taxation The Company is liable to pay Corporation tax levied at a rate of 25% on its profits. As there are no profits there is no charge included in these financial statements. Revenue recognition 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 at the fair value of the consideration received or receivable. Revenue is recognised in profit or loss to the prorate part of the services rendered to the client during the reporting date. Revenue comprises fund administration and company secretarial services and is recognised with regards to IFRS 15 - Revenue from contracts with customers. Client money The Company did not hold client monies during the accounting period or to the date of signing the financial statements. Scheme Property under management The Company did not hold any scheme property under management during the accounting period or to the date of signing the financial statements.

Notes to the Financial Statements

for the Period Ended 30 June 2025

• 2. Employees

  	2025	14 months to 30 June 2024
  Average number of employees during the period	5	3