Company registration number 13243801 (England and Wales)
TIVOLLI HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
TIVOLLI HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
TIVOLLI HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
164,544
221,000
Tangible assets
4
29,106
36,383
Investments
5
90
90
193,740
257,473
Current assets
Debtors
7
662,600
622,600
Cash at bank and in hand
952,040
703,510
1,614,640
1,326,110
Creditors: amounts falling due within one year
8
(779,294)
(635,812)
Net current assets
835,346
690,298
Total assets less current liabilities
1,029,086
947,771
Provisions for liabilities
(31,894)
(45,000)
Net assets
997,192
902,771
Capital and reserves
Called up share capital
9
70
70
Revaluation reserve
78,544
135,000
Capital redemption reserve
20
20
Profit and loss reserves
918,558
767,681
Total equity
997,192
902,771
TIVOLLI HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
2025
2024
Notes
£
£
£
£
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 March 2026 and are signed on its behalf by:
Mr J Marsland
Director
Company registration number 13243801 (England and Wales)
TIVOLLI HOLDINGS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
Share capital
Revaluation reserve
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 January 2024
90
-
0
-
0
1,688,340
1,688,430
Year ended 31 December 2024:
Profit
-
-
-
423,589
423,589
Other comprehensive income:
Tax relating to other comprehensive income
-
(45,000)
-
45,000
-
Total comprehensive income
-
(45,000)
-
468,589
423,589
Dividends
-
-
-
(293,000)
(293,000)
Redemption of shares
9
(20)
-
20
(916,248)
(916,248)
Transfers
-
180,000
-
(180,000)
-
Balance at 31 December 2024
70
135,000
20
767,681
902,771
Year ended 31 December 2025:
Profit and total comprehensive income
-
-
-
259,421
259,421
Dividends
-
-
-
(165,000)
(165,000)
Transfers
-
(56,456)
-
56,456
-
Balance at 31 December 2025
70
78,544
20
918,558
997,192
TIVOLLI HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
1
Accounting policies
Company information

Tivolli Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 20-22 Wenlock Road, London, N1 7GU.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Intangible fixed assets other than goodwill

Intangible assets represents investments in cryptocurrency, initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.3
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
20% straight line
1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
Financial 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.

TIVOLLI HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Intangible fixed assets
Crypto currency
£
Cost
At 1 January 2025
221,000
Revaluation
(56,456)
At 31 December 2025
164,544
Amortisation and impairment
At 1 January 2025 and 31 December 2025
-
0
Carrying amount
At 31 December 2025
164,544
At 31 December 2024
221,000
TIVOLLI HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
4
Tangible fixed assets
Motor vehicles
£
Cost
At 1 January 2025 and 31 December 2025
36,383
Depreciation and impairment
At 1 January 2025
-
0
Depreciation charged in the year
7,277
At 31 December 2025
7,277
Carrying amount
At 31 December 2025
29,106
At 31 December 2024
36,383
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
90
90
6
Subsidiaries

Details of the company's subsidiaries at 31 December 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Tivolli Limited
England
Trading
Ordinary
100.00
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
662,600
622,600
8
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
778,228
635,786
Corporation tax
1,066
26
779,294
635,812
TIVOLLI HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
5
5
5
5
Ordinary B of £1 each
10
10
10
10
Ordinary C of £1 each
10
10
10
10
Ordinary D of £1 each
10
10
10
10
Ordinary E of £1 each
10
10
10
10
Ordinary F of £1 each
5
5
5
5
Ordinary G of £1 each
5
5
5
5
Ordinary H of £1 each
5
5
5
5
Ordinary I of £1 each
5
5
5
5
Ordinary J of £1 each
5
5
5
5
70
70
70
70
10
Directors' transactions

Dividends totalling £76,000 (2024 - £76,000) were paid in the year in respect of shares held by the company's directors.

11
Related party transactions

A loan exists of £778,228 (202 4 : £635,786) due to its subsidiary, this amount remains outstanding and is included in creditors: amounts falling due within one year.

A loan exists of £ £622,600 (202 4 : £622,600) due from Culture Quarter Limited, a company which is partially owned by the directors. T his amount is included in debtors: amounts falling due within one year.

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