Registered number
06420717
Agua Via Limited
Filleted Accounts
31 December 2025

Agua Via Limited
Registered number: | 06420717
Balance Sheet
as at 31 December 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Intangible assets | 4 |  |  | 1,415,609 |  |  | 1,415,609
Investments | 5 |  |  | 741 |  |  | 741
|  |  |  | 1,416,350 |  |  | 1,416,350
Current assets
Debtors | 6 |  | 678,624 |  |  | 724,937
Cash at bank and in hand |  |  | 15,646 |  |  | 9,272
|  |  | 694,270 |  |  | 734,209
Creditors: amounts falling due within one year | 7 |  | (294,004) |  |  | (261,784)
Net current assets |  |  |  | 400,266 |  |  | 472,425
Net assets |  |  |  | 1,816,616 |  |  | 1,888,775
Capital and reserves
Called up share capital |  |  |  | 1,318 |  |  | 1,318
Share premium |  |  |  | 3,647,219 |  |  | 3,647,219
Share option reserve |  |  |  | 665,863 |  |  | 578,221
Profit and loss account |  |  |  | (2,497,784) |  |  | (2,337,983)
Shareholders' funds |  |  |  | 1,816,616 |  |  | 1,888,775
The directors are 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 directors acknowledge their 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.
J D Pelczer
Director
Approved by the board on 7 April 2026

Agua Via Limited
Notes to the Accounts
for the year ended 31 December 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).
| Intangible fixed assets
| Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Amortisation of intangible fixed assets commences when they start to generate revenue and will be based on a deemed useful life of ten years.
| Investments
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
| 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.
| 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.
| Share-based payments
| The value of share options granted to members of the company's share option scheme is recognised as an expense incurred over the applicable vesting period. The cost attributed is calculated by reference to the number of share options expected to actually vest, the fair value of each option when granted and the vesting period. The cost is recognised in the applicable financial year and credited to the share option reserve.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 10 |  | 10
3 | Share-based payment arrangements
| On 29 December 2020 a Share Option scheme was created for the incentivization of an “Eligible Employee” defined as any person who is an employee or a director of the company (or its subsidiaries) or for an “Eligible Person” who provides services to the company (or its subsidiaries). The rules of the scheme provide for two types of share option, Type A and Type B. Type A Options are those that on the date they are granted qualify as an “EMI Option” for the purposes of Schedule 5 (Enterprise Management Incentives) of the Income Tax (Earnings and Pensions) Act 2003. Type B Options do not qualify as an “EMI Option”. Subject to the Option Holder ceasing to be an employee or officer of a member of the Group or ceasing to provide services to a member of the Group, in each case otherwise than as a Good Leaver as defined by the scheme rules, Options may be exercised on or after the third anniversary of the Options being granted or at an earlier date on receipt of written notice to allow an Option to be exercised at any time or during any period specified by the Board. All unexercised Options lapse on the tenth anniversary of the date on which they were granted. The exercise price for all Options is £100 per share.
| Share options | 2025 |  | 2024
£ | £
| At 1 January | 7,350 |  | 7,350
| Granted in the year | 1,350 |  | -
| Lapsed during the year | - |  | -
| At 31 December | 8,700 |  | 7,350
| Share-based payment expense | 87,642 |  | 54,161
4 | Intangible fixed assets | £
| Research & Development expenditure
| Cost
| At 1 January 2025 | 1,415,609
| At 31 December 2025 | 1,415,609
| Amortisation
| At 31 December 2025 | -
| Net book value
| At 31 December 2025 | 1,415,609
| At 31 December 2024 | 1,415,609
5 | Investments
Investments in
subsidiary
undertakings
£
| Cost
| At 1 January 2025 | 741
| At 31 December 2025 | 741
6 | Debtors | 2025 |  | 2024
£ | £
| Amounts owed by group undertakings and undertakings in which the company has a participating interest |  | 620,614 |  | 662,028
| Other debtors | 58,010 |  | 62,909
|  |  |  |  |  | 678,624 |  | 724,937
7 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | - |  | 48
| Other creditors | 294,004 |  | 261,736
|  |  |  |  |  | 294,004 |  | 261,784
8 | Contingent liabilities
| During the year ended December 31, 2016 the Board of Agua Via Ltd entered into an agreement with one of the company’s consultants to allot 757 ordinary shares in the company to be issued at par, payable by the consultant and a one time incentive payment of $75,000 where the agreement is contingent upon both the successful signing of a Water Supply Agreement and a successful closing of project financing leading to specified project revenues for the company. There is a contingent liability for the company in respect of the requirement to make a charge in the Profit & Loss Account in respect of the share premium attributable to those shares at the time they are to be issued. Since the value of the shares on that occasion is unknown at the present time no provision can be made in respect of this contingent charge. No provision in respect of these contingent proposals has been made in the accounts.
| One Agua Via Ltd director has a deferred salary of £2,000 per month from December 2021 to March 2023 that is only payable upon the company obtaining investment funds of $500,000 at which time the balance due, £32,000 as at 31 December 2025, will become payable.
9 | Related party transactions
| Transactions with Subsidiaries
| During the year the company transferred funds to, and paid for services on behalf of, its subsidiary Agua Via (North America) Inc., amounting to $277 which equated to further advances of £206 (2024: £5,463). The loan is repayable in US Dollars. Following restatement at the exchange rate applicable on 31 December 2025 the balance owed by the subsidiary at 31 December 2025 was £216,047 equivalent to $290,973 (2024: £231,859 equivalent to $290,696) which is included in debtors (note 6) and is interest free.
| During the year the company transferred funds to, and paid for services on behalf of, Agua Via ST Water Inc, a subsidiary of Agua Via (North America) Inc., amounting to US$5,205 which equated to advances of £3,887 (2024: £8,760). The loan is repayable in US Dollars. Following restatement at the exchange rate applicable on 31 December 2025 the balance owed by the subsidiary at 31 December 2025 was £404,567 equivalent to $544,535 (2024: £430,170 equivalent to $539,330) which is included in debtors (note 6) and is interest free.
| Transactions with Directors & Shareholders | 2025 |  | 2024
£ | £
| Loan from Director and shareholder |  | 123,557 |  | 105,557
| (Included in Other creditors, Note 7)
| The loan is interest free and repayable on demand.
| The company incurred fees for accountancy and consulting services, on an arm's length basis, from a firm in which a director and shareholder of the company is a partner. Under an agreement between the company and the firm settlement of the fees was deferred on an interest free basis until such time as the company, in the opinion of the Board, has sufficient working capital. The total amount provided for in respect of services to date is £120,825 (2024: £110,000) included in Other creditors (Note 7).
| The company has previously incurred fees for business development services, on an arm's length basis, from a company which is a shareholder and in which a director of Agua Via Limited has an interest. Under an agreement with the provider settlement of the fees was deferred on an interest free basis until such time as the company, in the opinion of the Board, has sufficient working capital. The amount provided for in respect of services provided to date is £40,000 (2024: £40,000) included in Other creditors (Note 7).
| The company has advanced interest free loans to an entity to which four directors and shareholders of the company are related. The balance outstanding at 31 December 2025 was £57,915 equivalent of $78,000 (2024: £62,213 equivalent of $78,000) included in Other debtors (Note 6).
| The company has agreed to reimburse Landara Ltd, a company in which a director of Agua Via Limited has an interest, for travel expenses incurred by Landara Ltd on behalf of Agua Via Limited. Under an agreement with Landara Ltd settlement of the fees was deferred on an interest free basis until such time as the company, in the opinion of the Board, has sufficient working capital. The amount provided for in respect of these expenses is £9,623 (2024: £6,180) included in Other creditors (Note 7).
10 | Controlling party
| The Company is controlled by the Directors by virtue of their shareholdings.
11 | Other information
| Agua Via Limited is a private company limited by shares and incorporated in England. Its registered office is:
| Paddock Cottage
| Sandy Lane, Milford
| Godalming
| Surrey
| GU8 5BL

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