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COMPANY REGISTRATION NUMBER: 11282881

Appital Limited

Filleted Unaudited Financial Statements

31 December 2025

Appital Limited

Financial Statements

Year ended 31 December 2025

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

Appital Limited

Statement of Financial Position

31 December 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 5 | 6,748 | 6,680

Current assets

Debtors | 6 | 454,566 | 523,161
Cash at bank and in hand | 956,447 | 2,654,395
| ------------ | ------------
| 1,411,013 | 3,177,556

Creditors: amounts falling due within one year | 7 | 844,454 | 242,826
| ------------ | ------------
Net current assets | 566,559 | 2,934,730
| --------- | ------------
Total assets less current liabilities | 573,307 | 2,941,410

Creditors: amounts falling due after more than one year | 8 | 4,110,846 | 3,619,074
| ------------ | ------------
Net liabilities | ( 3,537,539) | ( 677,664)
| ------------ | ------------

Capital and reserves

Called up share capital | 37 | 37
Share premium account | 5,898,426 | 5,898,426
Convertible loan note | 854,115 | 854,115
Profit and loss account | ( 10,290,117) | ( 7,430,242)
| ------------- | ------------
Shareholders deficit | ( 3,537,539) | ( 677,664)
| ------------- | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The 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 Act with respect to accounting records and the preparation of financial statements .

Appital Limited

Statement of Financial Position (continued)

31 December 2025
These financial statements were approved by the board of directors and authorised for issue on 8 April 2026 , and are signed on behalf of the board by:

Mr M Badyra | Mr S M Carty
Director | Director

Company registration number: 11282881

Appital Limited

Notes to the Financial Statements

Year ended 31 December 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Salisbury House Ug 272-273, 29 Finsbury Circus, London, EC2M 5SQ, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
These accounts have been prepared on a going concern basis. The directors are satisfied that the company will continue to meet its current obligations for at least the next 12 months. At the time of signing, the company had taken significant steps to complete another funding round in order to acquire the funds to support the company for the next 12 months, with reasonable certainty this would be completed in the first half of 2026.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. For the rendering of services, revenue is recognised when the services are transferred. When the outcome of a transaction can be estimated reliably, revenue is recognised based on the stage of completion of the transaction at the end of the reporting period. If the outcome of the transaction involving the rendering of services cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings | - | 20% straight line
| Computer equipment | - | 33% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 15 (2024: 17 ).
5. Tangible assets

| Fixtures and fittings | Computer Equipment | Total
| £ | £ | £
Cost |  |  |
At 1 January 2025 | – | 38,447 | 38,447
Additions | 2,345 | 2,200 | 4,545
| ------- | -------- | --------
At 31 December 2025 | 2,345 | 40,647 | 42,992
| ------- | -------- | --------
Depreciation |  |  |
At 1 January 2025 | – | 31,767 | 31,767
Charge for the year | 352 | 4,125 | 4,477
| ------- | -------- | --------
At 31 December 2025 | 352 | 35,892 | 36,244
| ------- | -------- | --------
Carrying amount |  |  |
At 31 December 2025 | 1,993 | 4,755 | 6,748
| ------- | -------- | --------
At 31 December 2024 | – | 6,680 | 6,680
| ------- | -------- | --------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | – | 142,297
Other debtors | 454,566 | 380,864
| --------- | ---------
| 454,566 | 523,161
| --------- | ---------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 10,413 | 11,487
Trade creditors | 17,376 | 13,184
Social security and other taxes | 72,967 | 65,840
Other creditors | 743,698 | 152,315
| --------- | ---------
| 844,454 | 242,826
| --------- | ---------

8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 4,110,846 | 3,619,074
| ------------ | ------------

Bank loans and overdrafts includes the debt element of convertible loan notes issued by the company. The equity element of these convertible loan notes is presented within other reserves.
9. Directors' advances, credits and guarantees
At the year end, a Director owed the company £9,036 (2024: £9,036). During the year, no advances or prepayments were made by the Director. No interest was charged on the loan.