| NUMONT LTD |
| for the period from 1 July 2024 to 31 March 2025 |
|
|
| Accountants' report to the director of |
NUMONT LTD |
|
|
| You consider that the company is exempt from an audit for the period ended 31 March 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial period and of its profit or loss for the financial period. |
| In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
| We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
|
| Abell Limited |
| Chartered Accountants |
|
| 128 Cannon Workshops |
| Cannon Drive |
| Canary Wharf |
| London E14 4AS |
|
| 4 November 2025 |
|
| NUMONT LTD |
| Registered number: |
10274622 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Research investment |
3 |
|
|
4,795,519 |
|
|
2,455,519 |
| Tangible assets |
4 |
|
|
40,527 |
|
|
48,075 |
| Investments |
5 |
|
|
10,000 |
|
|
10,000 |
|
|
|
|
4,846,046 |
|
|
2,513,594 |
|
| Current assets |
| Debtors |
6 |
|
50,765 |
|
|
50,765 |
| Cash at bank and in hand |
|
|
16,973,895 |
|
|
20,383,893 |
|
|
|
17,024,660 |
|
|
20,434,658 |
|
| Creditors: amounts falling due within one year |
7 |
|
(922,307) |
|
|
(611,807) |
|
| Net current assets |
|
|
|
16,102,353 |
|
|
19,822,851 |
|
| Total assets less current liabilities |
|
|
|
20,948,399 |
|
|
22,336,445 |
|
| Creditors: amounts falling due after more than one year |
8 |
|
|
(1,647,220) |
|
|
(1,935,220) |
|
|
|
| Net assets |
|
|
|
19,301,179 |
|
|
20,401,225 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Capital Reserves |
9 |
|
|
20,348,871 |
|
|
20,348,871 |
| Profit and loss account |
|
|
|
(1,048,692) |
|
|
51,354 |
|
| Shareholders' funds |
|
|
|
19,301,179 |
|
|
20,401,225 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Alex Wilkinson |
| Director |
| Approved by the board on 4 November 2025 |
|
| NUMONT LTD |
| Notes to the Accounts |
| for the period from 1 July 2024 to 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Research fixed assets |
|
Research & Development expenditure is capitalized, and then written off once the product is brought into use. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, once brought into use, as follows: |
|
|
Freehold buildings |
over 50 years |
|
Leasehold land and buildings |
over the lease term |
|
0 |
|
|
over 5 years (once completed) |
|
Equipment/Software |
over 5 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Research & Development Expenditure Capitalized |
£ |
|
|
|
Cost |
|
At 1 July 2024 |
2,455,519 |
|
Additions |
2,340,000 |
|
At 31 March 2025 |
4,795,519 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 31 March 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
4,795,519 |
|
At 30 June 2024 |
2,455,519 |
|
|
|
|
|
|
|
|
|
|
The company is researching to provide solutions in blockchain and payment solutions. At the forefront of innovation, the company seeks to integrate artificial intelligence (AI) into the assessment of credit files / mitigation of fraud. The company has already redefined credit assessment, ensuring intelligent analysis of credit data across multiple sources. This will not only enhance the quality of credit decisions but also eliminate fraud by real-time continuous validation of data supplied on cases. In turn this creates a secure payment environment. This pioneering role sets the company apart as an innovator and market-leader enhancing the crypto environment in UK and Europe.
The expenditure will be written off in equal annual instalments over its estimated economic life of 5 years once the projects are completed. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Software & Equipment |
| £ |
|
Cost |
|
At 1 July 2024 |
74,406 |
|
Additions |
2,584 |
|
At 31 March 2025 |
76,990 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2024 |
26,331 |
|
Charge for the period |
10,132 |
|
At 31 March 2025 |
36,463 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
40,527 |
|
At 30 June 2024 |
48,075 |
|
|
| 5 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 July 2024 |
10,000 |
|
|
At 31 March 2025 |
10,000 |
|
|
|
|
|
|
|
|
|
|
The company owns 100% of the share capital of:- |
|
Numont Fintech Limited (no.12717260) |
|
Numont Technology Solutions Ltd (no.13402841) |
|
|
| 6 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
50,765 |
|
50,765 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
759,995 |
|
459,995 |
|
Other taxes and social security costs |
(915) |
|
(915) |
|
Other creditors |
163,227 |
|
152,727 |
|
|
|
|
|
|
922,307 |
|
611,807 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
47,220 |
|
35,220 |
|
Deferred creditors |
1,600,000 |
|
1,900,000 |
|
|
|
|
|
|
1,647,220 |
|
1,935,220 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Capital Reserves |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 July 2024 |
20,348,871 |
|
20,348,871 |
|
|
At 31 March 2025 |
20,348,871 |
|
20,348,871 |
|
|
|
|
|
|
|
|
|
|
The company holds its reserves in both fiat and cryptoassets, namely GBP, EUR, BTC, NUTR, ETH, and XRP. These assets are held at the market value. |
|
| 10 |
Other information |
|
|
NUMONT LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
128 Cannon Workshops |
|
Cannon Drive |
|
Canary Wharf |
|
London E14 4AS |