IRIS Accounts Production v25.4.0.155 11759911 Board of Directors 1.1.25 31.12.25 31.12.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 11759911 2024-12-31 11759911 2025-12-31 11759911 2025-01-01 2025-12-31 11759911 2023-12-31 11759911 2024-01-01 2024-12-31 11759911 2024-12-31 11759911 ns15:EnglandWales 2025-01-01 2025-12-31 11759911 ns14:PoundSterling 2025-01-01 2025-12-31 11759911 ns10:Director1 2025-01-01 2025-12-31 11759911 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 11759911 ns10:SmallEntities 2025-01-01 2025-12-31 11759911 ns10:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 11759911 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 11759911 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 11759911 ns10:FullAccounts 2025-01-01 2025-12-31 11759911 1 2025-01-01 2025-12-31 11759911 ns5:CurrentFinancialInstruments 2025-12-31 11759911 ns5:CurrentFinancialInstruments 2024-12-31 11759911 ns5:Non-currentFinancialInstruments 2025-12-31 11759911 ns5:Non-currentFinancialInstruments 2024-12-31 11759911 ns5:ShareCapital 2025-12-31 11759911 ns5:ShareCapital 2024-12-31 11759911 ns5:SharePremium 2025-12-31 11759911 ns5:SharePremium 2024-12-31 11759911 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 11759911 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 11759911 ns10:RegisteredOffice 2025-01-01 2025-12-31 11759911 ns5:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 11759911 ns5:IntangibleAssetsOtherThanGoodwill 2024-12-31 11759911 ns5:IntangibleAssetsOtherThanGoodwill 2025-12-31 11759911 ns5:IntangibleAssetsOtherThanGoodwill 2024-12-31 11759911 ns5:PlantMachinery 2024-12-31 11759911 ns5:PlantMachinery 2025-01-01 2025-12-31 11759911 ns5:PlantMachinery 2025-12-31 11759911 ns5:PlantMachinery 2024-12-31 11759911 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 11759911 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31

REGISTERED NUMBER: 11759911 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

BLOCKAPT LIMITED

| BLOCKAPT LIMITED (Registered number: 11759911) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Balance Sheet | 1 |

| Notes to the Financial Statements | 3 |

| BLOCKAPT LIMITED (Registered number: 11759911) |

Balance Sheet

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | - |  | 4,586 |  |

- |  | 4,586 |  |

CURRENT ASSETS

Debtors | 6 | 116,948 |  | 38,284 |  |

Cash at bank | 51,905 |  | 227,438 |  |

168,853 |  | 265,722 |  |

CREDITORS

Amounts falling due within one year | 7 | 126,084 |  | (64,359 | ) |

NET CURRENT ASSETS | 42,769 |  | 330,081 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 42,769 |  | 334,667 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 275,000 |  | 275,000 |  |

NET (LIABILITIES)/ASSETS | (232,231 | ) | 59,667 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 2,635 |  | 2,313 |  |

Share premium | 4,014,050 |  | 3,554,370 |  |

Retained earnings | (4,248,916 | ) | (3,497,016 | ) |

(232,231 | ) | 59,667 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

| BLOCKAPT LIMITED (Registered number: 11759911) |

Balance Sheet - continued

31 December 2025

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 Board of Directors and authorised for issue on 12 March 2026 and were signed on its behalf by:

S A W Hudson - Director

| BLOCKAPT LIMITED (Registered number: 11759911) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| BLOCKAPT LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 11759911

| Registered office: | 27 Old Gloucester Street

| London

| WC1N 3AX

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.

| 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 rendering of services.

| Turnover is recognised by reference to the point at which services have been provided.

| Intangible assets

| Intangible assets acquired separately from a business combination are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

| Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful life currently recognised as 5 years.

| Tangible fixed assets

| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets on straight line basis for 3 years.

| Valuation of financial instruments policy

| All of the financial instruments of the company are basic and the company has elected to apply the

| provisions of Section 11 "Basic Financial Instruments of FRS 10" to all its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes

| party to the contractual provisions of the instruments.

| Debtors and creditors with no stated interest rate and receivable or payable within one year are

| recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

| BLOCKAPT LIMITED (Registered number: 11759911) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Research and development

| Research expenditure is written off against profits in the year in which it is incurred. Identifiable

| development expenditure is capitalised to the extent that the technical, commercial and financial

| feasibility can be demonstrated.

| Foreign currencies

| 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.

| Employee benefits policy

| The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

| Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

| Going concern

| The directors have considered the trading performance of the company during the year, and have

| considered the business plans for the forthcoming year indicating continuing losses whilst the business develops fully. The directors have noted the funds from the issue of shares was raised in February 2026 and are reassured that the future funding requirements of the company can continued to be met with the support of its shareholders.

| Accordingly, based upon the available information, the directors consider it appropriate to prepare the financial statements on a going concern basis.

| Share based payments

| Equity-settled share-based payments are measured at fair value at the date of grant by reference to a recent share transaction in the company. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 8 ) .

| BLOCKAPT LIMITED (Registered number: 11759911) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 175,000 |  |

| AMORTISATION

| At 1 January 2025

| and 31 December 2025 | 175,000 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  |

| At 31 December 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 39,855 |  |

| DEPRECIATION

| At 1 January 2025 | 35,269 |  |

| Charge for year | 4,586 |  |

| At 31 December 2025 | 39,855 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  |

| At 31 December 2024 | 4,586 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | - |  | 18,600 |  |

| Other debtors | 116,948 |  | 19,684 |  |

116,948 |  | 38,284 |  |

| BLOCKAPT LIMITED (Registered number: 11759911) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 6,118 |  | 30,163 |  |

| Taxation and social security | 448 |  | (155,421 | ) |

| Other creditors | 119,518 |  | 60,899 |  |

126,084 |  | (64,359 | ) |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Other creditors | 275,000 |  | 275,000 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Other loans more 5yrs instal | 25,000 |  | 25,000 |  |

9. | CALLED UP SHARE CAPITAL

|  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Ordinary Share Capital |  |

| Issued and fully paid |  |

| Ordinary Shares |  | 2,152 |  | 1,830 |  |

| Preference Shares |  | 483 |  | 483 |  |

| Share Premium |  | 4,014,050 |  | 3,554,370 |  |

|  | 4,016,685 |  | 3,556,682 |  |

| During the year 1,061,701 new Ordinary A shares and 550,000 Growth shares of £0.0002 each were issued totalling £212.34 and £110 respectively with a total premium of £459,680.

| These shares were fully paid.

| BLOCKAPT LIMITED (Registered number: 11759911) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

10. | SHARE-BASED PAYMENT TRANSACTIONS

| The company has an approved EMI option scheme. Under the scheme, options may be exercised over growth shares in the company. The growth shares convert at exit into ordinary shares on a one for one basis, after a hurdle rate of £0.80 per ordinary share. The hurdle rate is applicable to all EMI options.

| As at 31 December 2025, there were 652,333 share options in existence.

| Type of options |  | No of shares |  | Exercise price (£) |  |

| EMI options category -1 |  | 25,000 |  | 0.0002 |  |

| EMI options category -2 |  | 158,000 |  | 0.1600 |  |

| EMI options category -3 |  | 469,333 |  | 0.1700 |  |

| Total |  | 652,333 |  |