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REGISTERED NUMBER: 06767545 (England and Wales)

| AXSIUM HUMAN CAPITAL SOLUTIONS LIMITED |

| REPORT OF THE DIRECTORS AND |

| AUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30TH JUNE 2025 |

AXSIUM HUMAN CAPITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06767545) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2025

Page |

| Company Information | 1 |

| Report of the Directors | 2 |

| Independent Auditors' Report | 4 |

| Statement of Income and Retained Earnings | 8 |

| Balance Sheet | 9 |

| Cash Flow Statement | 10 |

| Notes to the Financial Statements | 11 |

| AXSIUM HUMAN CAPITAL SOLUTIONS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30TH JUNE 2025

| DIRECTORS: | Mr D R Shaw

| Mr R Clements

| SECRETARY: | Mr R Clements

| REGISTERED OFFICE: | Second Floor

| 34 Lime Street

| London

| EC3M 7AT

| REGISTERED NUMBER: | 06767545 (England and Wales)

| AUDITORS: | Carston ETL

| Statutory Auditor

| Second Floor

| 34 Lime Street

| London

| EC3M 7AT

| BANKERS: | Barclays Bank PLC

| 50 Pall Mall

| London

| SW1A 1QA

AXSIUM HUMAN CAPITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06767545) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30TH JUNE 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of human resources consultancy.

REVIEW OF BUSINESS

The results for the year ended 30 June 2025 are shown on page 8. The company continued to trade in line with the expectations of the directors, and the directors believe that it is well placed to take advantage of any changes within its business sector.

DIVIDENDS

Dividend payable for the year ended 30 June 2025:- £750,000 (2024:- Nil).

DIRECTORS

The directors shown below have held office during the whole of the period from 1st July 2024 to the date of this report.

Mr D R Shaw

Mr R Clements

GOING CONCERN

The company's business activities, together with factors likely to affect its future development, performance and financial position are set out in this report. The company is profitable and does not carry any third party debt, as a consequence the directors believe that the company is well placed to manage its business risks successfully.

Having regard to the above, the directors believe it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

PRINCIPAL RISKS AND UNCERTAINTIES

The company uses various methods of working capital management. These include amounts due to and from Axsium Group Limited, a privately held company incorporated in Canada of which the company is a wholly-owned subsidiary, and also include trade debtors and creditors and smaller amounts due to third parties.

The existence of these methods exposes the company to a number of financial risks, the principal ones of which are liquidity risk and credit risk. There exists an exposure to currency risk as some trade debtor balances will be settled in currencies other than sterling, however the amount of these is minimal compared to the company's level of trading, hence it does not use derivative financial instruments to manage currency or interest rate costs and, as such, no hedge accounting is applied.

SMALL COMPANIES

The directors have taken advantage of the exemption available to small companies under section 414B of the Companies Act 2006 to not prepare a strategic report.

COMPANY'S POLICY ON THE PAYMENT OF CREDITORS

It is the company's policy to accept suppliers' standard terms of payment and abide by them. In the absence of terms proposed by suppliers it is the company's policy to settle outstanding liabilities as early as possible. The amount of trade creditors as at 30 June 2025 was equivalent to 4 days of trade purchases (2024 - 3 days).

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

AXSIUM HUMAN CAPITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06767545) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30TH JUNE 2025

STATEMENT OF DIRECTORS' RESPONSIBILITIES - continued

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO THE AUDITOR

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Carston ETL, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr R Clements - Director

16th October 2025

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF

AXSIUM HUMAN CAPITAL SOLUTIONS LIMITED

Opinion

We have audited the financial statements of Axsium Human Capital Solutions Limited (the 'company') for the year ended 30th June 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 30th June 2025 and of its profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Auditors' Report thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Report of the Directors has been prepared in accordance with applicable legal requirements.

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF

AXSIUM HUMAN CAPITAL SOLUTIONS LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit; or

- | the directors were not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on pages two and three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF

AXSIUM HUMAN CAPITAL SOLUTIONS LIMITED

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We design our procedures so as to obtain sufficient appropriate audit evidence that the financial statements are not materially misstated due to non-compliance with laws and regulations or due to fraud or error.

We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations - this responsibility lies with management with the oversight of the Directors.

Based on our understanding of the Company and industry, discussions with management and directors we identified financial reporting standards and Companies Act 2006 as having a direct effect on the amounts and disclosures in the financial statements.

As part of the engagement team discussion about how and where the Company's financial statements may be materially misstated due to fraud, we did not identify any areas with an increased risk of fraud.

Our audit procedures included:

- completing a risk-assessment process during our planning for this audit that specifically considered the risk of fraud;

- enquiry of management about the Company's policies, procedures and related controls regarding compliance with laws and regulations and if there are any known instances of non-compliance;

- examining supporting documents for all material balances, transactions and disclosures;

- enquiry of management, about litigation and claims and inspection of relevant correspondence;

- analytical procedures to identify any unusual or unexpected relationships;

- specific audit testing on and review of areas that could be subject to management override of controls and potential bias, most notably around the key judgments and estimates, including the carrying value of accruals, provisions, investments, recoverability of trade debtors and revenue recognition;

- considering management override of controls outside of the normal operating cycles including testing the appropriateness of journal entries recorded in the general ledger and other adjustments made in the preparation of the financial statements including evaluating the business rationale of significant transactions, outside the normal course of business.

Owing to the inherent limitations of an audit, there is an unavoidable risk that some material misstatements of the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

The potential effects of inherent limitations are particularly significant in the case of misstatement resulting from fraud because fraud may involve sophisticated and carefully organised schemes designed to conceal it, including deliberate failure to record transactions, collusion or intentional misrepresentations being made to us.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF

AXSIUM HUMAN CAPITAL SOLUTIONS LIMITED

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Steven Davies FCA (Senior Statutory Auditor)

for and on behalf of Carston ETL

Statutory Auditor

Second Floor

34 Lime Street

London

EC3M 7AT

16th October 2025

AXSIUM HUMAN CAPITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06767545) |

STATEMENT OF INCOME AND

RETAINED EARNINGS

FOR THE YEAR ENDED 30TH JUNE 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 4 | 2,971,306 |  | 2,532,500 |  |

Cost of sales | 1,451,786 |  | 1,438,068 |  |

GROSS PROFIT | 1,519,520 |  | 1,094,432 |  |

Administrative expenses | 1,056,619 |  | 981,098 |  |

462,901 |  | 113,334 |  |

Other operating income | 6,238 |  | - |  |

OPERATING PROFIT | 7 | 469,139 |  | 113,334 |  |

Interest receivable and similar income | 101 |  | - |  |

469,240 |  | 113,334 |  |

Interest payable and similar expenses | 8 | 5,662 |  | 281 |  |

PROFIT BEFORE TAXATION | 463,578 |  | 113,053 |  |

Tax on profit | 9 | 120,579 |  | 16,192 |  |

PROFIT FOR THE FINANCIAL YEAR | 342,999 |  | 96,861 |  |

Retained earnings at beginning of year | 1,547,144 |  | 1,450,283 |  |

Dividends | 10 | (750,000 | ) | - |  |

RETAINED EARNINGS AT END OF YEAR | 1,140,143 |  | 1,547,144 |  |

AXSIUM HUMAN CAPITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06767545) |

BALANCE SHEET

30TH JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 11 | 18,719 |  | 10,498 |  |

CURRENT ASSETS

Debtors | 12 | 1,363,454 |  | 1,894,114 |  |

Cash at bank | 736,129 |  | 233,671 |  |

2,099,583 |  | 2,127,785 |  |

CREDITORS

Amounts falling due within one year | 13 | 973,379 |  | 590,774 |  |

NET CURRENT ASSETS | 1,126,204 |  | 1,537,011 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,144,923 |  | 1,547,509 |  |

PROVISIONS FOR LIABILITIES | 15 | 4,680 |  | 265 |  |

NET ASSETS | 1,140,243 |  | 1,547,244 |  |

CAPITAL AND RESERVES

Called up share capital | 16 | 100 |  | 100 |  |

Retained earnings | 17 | 1,140,143 |  | 1,547,144 |  |

SHAREHOLDERS' FUNDS | 1,140,243 |  | 1,547,244 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 16th October 2025 and were signed on its behalf by:

Mr D R Shaw - Director

AXSIUM HUMAN CAPITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06767545) |

CASH FLOW STATEMENT

FOR THE YEAR ENDED 30TH JUNE 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 21 | 1,312,989 |  | (106,999 | ) |

Interest paid | (5,662 | ) | (281 | ) |

Tax paid | (37,811 | ) | (36,997 | ) |

Net cash from operating activities | 1,269,516 |  | (144,277 | ) |

Cash flows from investing activities

Purchase of tangible fixed assets | (17,159 | ) | (3,525 | ) |

Interest received | 101 |  | - |  |

Net cash from investing activities | (17,058 | ) | (3,525 | ) |

Cash flows from financing activities

Equity dividends paid | (750,000 | ) | - |  |

Net cash from financing activities | (750,000 | ) | - |  |

Increase/(decrease) in cash and cash equivalents | 502,458 |  | (147,802 | ) |

Cash and cash equivalents at beginning of year | 22 | 233,671 |  | 381,473 |  |

Cash and cash equivalents at end of year | 22 | 736,129 |  | 233,671 |  |

AXSIUM HUMAN CAPITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06767545) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2025

1. | COMPANY INFORMATION

| Axsium Human Capital Solutions Limited is a company incorporated in England & Wales under the Companies Act. The address of the registered office is given on page 1 and the nature of the company's operations and its principal activities are set out in the report of the directors. The financial statements have been prepared in accordance with FRS 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland.

2. | STATUTORY INFORMATION

| Axsium Human Capital Solutions Limited 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.

| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

3. | ACCOUNTING POLICIES

| General information and basis of accounting

| 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The financial statements are presented in Pound Sterling (£) rounded to the nearest £. Pound Sterling is the functional currency of the company because that is the currency of the primary economic environment in which the company operates.

| Significant judgements and estimates

| The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of the assets and liabilities within the next financial year are addressed below.

| (a) Useful economic lives of assets

| The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on future investments, economic utilisation and the physical condition of the assets.

| (b) Impairment of debtors

| The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

| Turnover

| Turnover represents net sales of services, excluding value added tax. Services provided but which had not been billed at the balance sheet date have been recognised as revenue. Revenue recognition in this manner is based on the assessment of the fair value of the services provided at the balance sheet date where there exists an agreed right to receive consideration for work undertaken.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc. - 25% on cost

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

AXSIUM HUMAN CAPITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06767545) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH JUNE 2025

3. | ACCOUNTING POLICIES - continued

| 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

| The functional currency is sterling. 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the company.

| An analysis of turnover by geographical market is given below:

| 2025 |  | 2024

£ | £ |

| United Kingdom | 1,753,626 |  | 1,092,077 |  |

| Europe | 765,511 |  | 1,267,643 |  |

| Asia | 3,564 |  | 26,445 |  |

| North America | 448,605 |  | 146,335 |  |

2,971,306 |  | 2,532,500 |  |

5. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 1,188,923 |  | 1,122,496 |  |

| Social security costs | 157,089 |  | 140,322 |  |

| Other pension costs | 126,574 |  | 125,430 |  |

1,472,586 |  | 1,388,248 |  |

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Administrative | 2 |  | 2 |  |

| Consultants | 14 |  | 13 |  |

16 |  | 15 |  |

6. | DIRECTORS' EMOLUMENTS

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | - |  | - |  |

AXSIUM HUMAN CAPITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06767545) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH JUNE 2025

7. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 8,793 |  | 9,505 |  |

| Loss on disposal of fixed assets | 145 |  | - |  |

| Audit fee | 4,000 |  | 15,290 |  |

| Foreign exchange differences | 5,717 |  | (211 | ) |

8. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank interest | 7 |  | - |  |

| Interest on overdue tax | 5,655 |  | 281 |  |

5,662 |  | 281 |  |

9. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 116,164 |  | 30,038 |  |

| Over/under provision in prior years | - |  | (10,787 | ) |

| Total current tax | 116,164 |  | 19,251 |  |

| Deferred tax:

| Timing differences | 4,415 |  | (1,403 | ) |

| Prior year timing differences | - |  | (1,656 | ) |

| Total deferred tax | 4,415 |  | (3,059 | ) |

| Tax on profit | 120,579 |  | 16,192 |  |

AXSIUM HUMAN CAPITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06767545) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH JUNE 2025

9. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 463,578 |  | 113,053 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 115,895 |  | 28,263 |  |

| Effects of:

| Expenses not deductible for tax purposes | 4,559 |  | 348 |  |

| Capital allowances in excess of depreciation | (4,290 | ) | - |  |

| Adjustments to tax charge in respect of previous periods | - |  | (10,787 | ) |

| Items not adjusted for | - |  | 24 |  |

| Deferred tax movement | 4,415 |  | (1,656 | ) |

| Total tax charge | 120,579 |  | 16,192 |  |

10. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Final | 750,000 |  | - |  |

11. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1st July 2024 | 44,143 |  |

| Additions | 17,159 |  |

| Disposals | (1,398 | ) |

| At 30th June 2025 | 59,904 |  |

| DEPRECIATION

| At 1st July 2024 | 33,645 |  |

| Charge for year | 8,793 |  |

| Eliminated on disposal | (1,253 | ) |

| At 30th June 2025 | 41,185 |  |

| NET BOOK VALUE

| At 30th June 2025 | 18,719 |  |

| At 30th June 2024 | 10,498 |  |

12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 722,902 |  | 523,356 |  |

| Amounts owed by group undertakings | 632,694 |  | 1,349,251 |  |

| Prepayments and accrued income | 7,858 |  | 21,507 |  |

1,363,454 |  | 1,894,114 |  |

AXSIUM HUMAN CAPITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06767545) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH JUNE 2025

13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 13,913 |  | 9,336 |  |

| Corporation tax | 108,391 |  | 30,038 |  |

| PAYE and NIC taxes | 41,040 |  | 29,296 |  |

| VAT | 114,629 |  | 45,806 |  |

| Other creditors | 11,810 |  | 15,618 |  |

| Accruals and deferred income | 683,596 |  | 460,680 |  |

973,379 |  | 590,774 |  |

14. | FINANCIAL INSTRUMENTS

| The carrying value of the company's financial assets and liabilities are summarised below: |

| Financial Assets |  |

|  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Measured at undiscounted amounts receivable |  |

| Trade debtors (note 11) |  | 722,902 |  | 523,356 |  |

| Cash at bank |  | 736,129 |  | 233,671 |  |

| Amounts owed from group undertakings (note 11) |  | 632,694 |  | 1,349,251 |  |

|  | 2,091,725 |  | 2,106,278 |  |

| Financial Liabilities |  |

|  | 2025 |  | 2024 |  |

|  | £ |  | £ |  |

| Measured at undiscounted amounts payable |  |

| Trade creditors (note 12) |  | 13,913 |  | 9,336 |  |

| Other creditors (note 12) |  | 126,439 |  | 61,425 |  |

| Accruals (note 12) |  | 181,363 |  | 139,891 |  |

|  | 321,715 |  | 210,651 |  |

15. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 4,680 |  | 265 |  |

| Deferred |

| tax |

£ |

| Balance at 1st July 2024 | 265 |  |

| Charge to Statement of Comprehensive Income during year | 4,415 |  |

| Balance at 30th June 2025 | 4,680 |  |

| The provisions for liabilities is wholly a deferred tax liability recognised in respect of timing differences arising from capital allowances claimed in excess of depreciation.

AXSIUM HUMAN CAPITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06767545) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH JUNE 2025

16. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1 | Ordinary | £100 | 100 |  | 100 |  |

17. | RESERVES

| Retained

| earnings

£ |

| At 1st July 2024 | 1,547,144 |  |

| Profit for the year | 342,999 |  |

| Dividends | (750,000 | ) |

| At 30th June 2025 | 1,140,143 |  |

| Retained earnings include all profits and losses of current and prior periods, less any dividends paid to shareholders.

18. | PENSION COMMITMENTS

| The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the entity to the fund and amounted to £128,645 (2024 - £125,430). Contributions totalling £11,539 (2024 - £9,436) were payable to the fund at the balance sheet date and are included in creditors.

19. | ULTIMATE PARENT COMPANY AND CONTROLLING PARTY

| The largest group in which the results of the Company are consolidated is that headed by Axsium Group Limited incorporated in Canada. Copies of the consolidated financial statements Axsium Group Limited are available from:

| 10 Four Seasons Place, Suite 1000

| Etobicoke

| ON M9B 6H7

| Canada

20. | RELATED PARTY DISCLOSURES

| Included in debtors at the balance sheet date is a loan balance of £632,694 (2024 - £1,349,251) due to the company by Axsium Group Limited, the current parent company of Axsium Human Capital Solutions Limited, an entity incorporated in Canada.

| During the year the company received consultancy services for consideration totalling £754,471 (2024 - £710,618 from Axsium Group Limited and provided consultancy services to Axsium Group Limited totalling £84,885 (2024 - £121,585).

| Dividend payable to Axsium Group Limited for the year ended 30 June 2025:- £750,000 (2024: Nil).

AXSIUM HUMAN CAPITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06767545) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH JUNE 2025

21. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 463,578 |  | 113,053 |  |

| Depreciation charges | 8,793 |  | 9,505 |  |

| Loss on disposal of fixed assets | 145 |  | - |  |

| Finance costs | 5,662 |  | 281 |  |

| Finance income | (101 | ) | - |  |

478,077 |  | 122,839 |  |

| Decrease/(increase) in trade and other debtors | 530,660 |  | (314,634 | ) |

| Increase in trade and other creditors | 304,252 |  | 84,796 |  |

| Cash generated from operations | 1,312,989 |  | (106,999 | ) |

22. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 30th June 2025

| 30/6/25 |  | 1/7/24

£ | £ |

| Cash and cash equivalents | 736,129 |  | 233,671 |  |

| Year ended 30th June 2024

| 30/6/24 |  | 1/7/23

£ | £ |

| Cash and cash equivalents | 233,671 |  | 381,473 |  |

23. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1/7/24 | Cash flow | At 30/6/25

£ | £ | £ |

| Net cash |

| Cash at bank | 233,671 |  | 502,458 |  | 736,129 |  |

233,671 |  | 502,458 |  | 736,129 |  |

| Total | 233,671 |  | 502,458 |  | 736,129 |  |