Company registration number 07875945 (England and Wales)
ALYCIDON CAPITAL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
ALYCIDON CAPITAL LIMITED
CONTENTS
PAGE
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 10
ALYCIDON CAPITAL LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
FIXED ASSETS
Tangible assets
5
1,293
434
Investments
6
6,974,841
6,974,841
6,976,134
6,975,275
CURRENT ASSETS
Debtors
8
88,788
2,826
Cash at bank and in hand
724,548
675,028
813,336
677,854
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
9
(74,553)
(640,910)
Net current assets
738,783
36,944
TOTAL ASSETS LESS CURRENT LIABILITIES
7,714,917
7,012,219
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
10
(20,304)
(26,017)
NET ASSETS
7,694,613
6,986,202
CAPITAL AND RESERVES
Called up share capital
11
100,000
100,000
Profit and loss reserves
7,594,613
6,886,202
TOTAL EQUITY
7,694,613
6,986,202

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

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

The financial statements were approved by the board of directors and authorised for issue on 19 March 2026 and are signed on its behalf by:
Mr R G Tompsett
DIRECTOR
COMPANY REGISTRATION NO. 07875945
ALYCIDON CAPITAL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
BALANCE AT 1 JANUARY 2024
100,000
4,593,318
4,693,318
YEAR ENDED 31 DECEMBER 2024:
Profit and total comprehensive income
-
2,292,884
2,292,884
BALANCE AT 31 DECEMBER 2024
100,000
6,886,202
6,986,202
YEAR ENDED 31 DECEMBER 2025:
Profit and total comprehensive income
-
958,411
958,411
Dividends
-
(250,000)
(250,000)
BALANCE AT 31 DECEMBER 2025
100,000
7,594,613
7,694,613
ALYCIDON CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
ACCOUNTING POLICIES
COMPANY INFORMATION

Alycidon Capital Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19 Highfield Road, Edgbaston, Birmingham, B15 3BH.

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. T he principal accounting policies adopted are set out below.

1.2
REVENUE

Turnover represents net invoiced sales of services, excluding value added tax.

1.3
INTANGIBLE FIXED ASSETS OTHER THAN GOODWILL

Intangible assets acquired separately from a business are recognised at cost, any profits or losses arising from the disposals of fixed asset investments are recognised as part of the result from ordinary activities. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date if the fair value can be measured reliably.

Amortisation 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:

Website development
20% on cost
1.4
TANGIBLE FIXED ASSETS

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, 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:

Plant and machinery
20% on cost
Fixtures and fittings
20% on cost
Computer equipment
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
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.

ALYCIDON CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
ACCOUNTING POLICIES
(Continued)
- 4 -

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
IMPAIRMENT OF FIXED ASSETS

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
CASH AND CASH EQUIVALENTS

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

ALYCIDON CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
ACCOUNTING POLICIES
(Continued)
- 5 -

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.9
EQUITY INSTRUMENTS

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
EMPLOYEE BENEFITS

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.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

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.

1.11
RETIREMENT BENEFITS

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
LEASES
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

ALYCIDON CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
ACCOUNTING POLICIES
(Continued)
- 6 -
1.13
FOREIGN EXCHANGE

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
EMPLOYEES

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

2025
2024
Number
Number
Total
2
2
4
INTANGIBLE FIXED ASSETS
Website development
£
COST
At 1 January 2025 and 31 December 2025
17,000
AMORTISATION AND IMPAIRMENT
At 1 January 2025 and 31 December 2025
17,000
CARRYING AMOUNT
At 31 December 2025
-
0
At 31 December 2024
-
0
ALYCIDON CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
5
TANGIBLE FIXED ASSETS
Plant and machinery
Fixtures and fittings
Computer equipment
Total
£
£
£
£
COST
At 1 January 2025
55,318
691
9,482
65,491
Additions
-
0
-
0
1,166
1,166
At 31 December 2025
55,318
691
10,648
66,657
DEPRECIATION AND IMPAIRMENT
At 1 January 2025
55,318
269
9,471
65,058
Depreciation charged in the year
-
0
230
76
306
At 31 December 2025
55,318
499
9,547
65,364
CARRYING AMOUNT
At 31 December 2025
-
0
192
1,101
1,293
At 31 December 2024
-
0
423
11
434
6
FIXED ASSET INVESTMENTS
2025
2024
£
£
Investments in subsidiary undertakings
6,974,841
6,974,841

MOVEMENTS IN FIXED ASSET INVESTMENTS
Shares in subsidiary undertakings
£
COST OR VALUATION
At 1 January 2025 & 31 December 2025
6,974,841
CARRYING AMOUNT
At 31 December 2025
6,974,841
At 31 December 2024
6,974,841
ALYCIDON CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
7
SUBSIDIARIES

These financial statements are separate company financial statements for Alycidon Capital Limited.

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

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Advanced Interactive Materials Science Limited
England
Ordinary
80.35
Cox Wokingham Plastics Limited
England
Ordinary
100.00
Process Systems International Limited
England
Ordinary
100.00
Sagittite Limited
England
Ordinary
100.00
8
DEBTORS
2025
2024
AMOUNTS FALLING DUE WITHIN ONE YEAR:
£
£
Amounts owed by group undertakings
86,511
-
0
Other debtors
2,277
2,826
88,788
2,826
9
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Notes
£
£
Loans and overdrafts
4,932
526,900
Trade creditors
10,703
9,358
Other taxation and social security
45,624
62,161
Other creditors
13,294
42,491
74,553
640,910
10
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
2024
Notes
£
£
Loans and overdrafts
20,304
26,017
11
CALLED UP SHARE CAPITAL
2025
2024
2025
2024
ORDINARY SHARE CAPITAL
Number
Number
£
£
ISSUED AND FULLY PAID
Ordinary of £1 each
100,000
100,000
100,000
100,000

The Ordinary share of £1 each have attached to them full voting, dividend and capital distribution (including on winding up) rights, they do not confer any rights of redemption.

ALYCIDON CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
12
AUDIT REPORT INFORMATION

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

OPINION

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 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.

Senior Statutory Auditor:
Neal Aston FCA FCCA
Statutory Auditor:
JW Hinks LLP
Date of audit report:
19 March 2026
13
RELATED PARTY TRANSACTIONS
TRANSACTIONS WITH RELATED PARTIES

During the year the company entered into the following transactions with related parties:

The following amounts were outstanding at the reporting end date:

2025
2024
AMOUNTS DUE TO RELATED PARTIES
£
£
Entities with control, joint control or significant influence over the company
-
0
422,100

The following amounts were outstanding at the reporting end date:

Alycidon Technologies Limited

A company in which Mr D C Eales has an interest, and is also a director.

There were loan notes o utstanding to Alycidon Technologies Limited amounting to £Nil (202 4: £422,100) at the balance sheet date.

Interest is being accrued on the loan at a rate of £Nil (202 4: 8%). The current amount accrued is £Nil (202 4: £Nil).

Advanced Interactive Materials Science Limited

A company in which Alycidon Capital Limited hold an 80.35% shareholding.

During the year Alycidon Capital Limited, loaned Advanced Interactive Materials Science Limited £79,700 (202 4: £40,540) and they repaid £3,000 (202 4: £40,540). There was a balance of £69,167 (202 4: £Nil) which remained outstanding from Advanced Interactive Materials Science Limited at the balance sheet date.

Guarantees

Alycidon Capital Limited acts as guarantor in respect of premises leased and occupied by Advanced Interactive Materials Science Limited, and in respect of outstanding loans of Cox Wokingham Plastics Limited.

ALYCIDON CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 10 -
14
PARENT COMPANY

The company is controlled jointly by Mr R G Tompsett and D C Eales.

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