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Company No: 13722013 (England and Wales)

# KEYROCK UK LIMITED

### Annual Report and Financial Statements
For the financial year ended 30 June 2025

KEYROCK UK LIMITED

## Annual Report and Financial Statements

For the financial year ended 30 June 2025

Contents

KEYROCK UK LIMITED

## COMPANY INFORMATION

For the financial year ended 30 June 2025
KEYROCK UK LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 30 June 2025

DIRECTORS | K P M De Patoul
| B P Howell

REGISTERED OFFICE | 35 Ballards Lane
| London
| N3 1XW
| United Kingdom

COMPANY NUMBER | 13722013 (England and Wales)

AUDITOR | HT Digital Ltd
| Statutory Auditor
| 101 New Cavendish Street
| London
| W1W 6XH
| United Kingdom

KEYROCK UK LIMITED

## DIRECTORS' REPORT

For the financial year ended 30 June 2025
KEYROCK UK LIMITED

## DIRECTORS' REPORT (continued)

For the financial year ended 30 June 2025

The directors present their annual report and the audited financial statements of the company for the financial year ended 30 June 2025.

PRINCIPAL ACTIVITIES

The principal activity of the Company during the financial period was provision of consultancy services.

DIRECTORS

The directors, who served during the financial year and to the date of this report except as noted, were as follows:

K P M De Patoul |
B P Howell |

AUDITOR

Each of the persons who is a director at the date of approval of this report confirms that:
* So far as the director is aware, there is no relevant audit information of which the company's auditor is unaware; and
* The director has taken all the steps that he/she ought to have taken as a director in order to make himself/herself aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This confirmation is given and should be interpreted in accordance with the provisions of s418 of the Companies Act 2006.

A resolution to reappoint HT Digital Ltd will be proposed at the forthcoming Annual General Meeting.

This Directors' Report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption provided by section 415A of the Companies Act 2006.

Approved by the Board of Directors and signed on its behalf by:

K P M De Patoul Director |  | B P Howell Director

30 March 2026

KEYROCK UK LIMITED

## DIRECTORS' RESPONSIBILITIES STATEMENT

For the financial year ended 30 June 2025
KEYROCK UK LIMITED

## DIRECTORS' RESPONSIBILITIES STATEMENT (continued)

For the financial year ended 30 June 2025

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 1A “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that financial period.

In preparing these financial statements, the directors are required to:
* Select suitable accounting policies and then apply them consistently;
* Make judgements and accounting estimates that are reasonable and prudent;
* State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
* Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

## INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KEYROCK UK LIMITED

## INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KEYROCK UK LIMITED (continued)

Opinion
We have audited the financial statements of KEYROCK UK LIMITED (the ‘Company’) for the year ended 30 June 2025, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 Section 1A ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
•give a true and fair view of the state of the Company’s affairs as at 30 June 2025 and of its result 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.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other matters
The financial statements for the period from 1 December 2023 to 30 June 2024, forming the corresponding figures of the financial statements for the year ended 30 June 2024, are unaudited.

Other information
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
•the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
•the Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
•adequate accounting records have not been kept by the Company, or returns adequate for our audit have not been received from branches not visited by us; or
•the Company financial statements are not in agreement with the accounting records and returns; or
•certain disclosures of directors' remuneration specified by law are not made; or
•we have not received all the information and explanations we require for our audit; or
•the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.

Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement set out on page 4, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud.
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
•Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
•Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the Company's internal control.
•Obtain an understanding of the legal and regulatory framework applicable to the Company and the industry in which it operates. We determined that the following laws and regulations were most significant: FRS 102 and the Companies Act 2006.
•Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
•Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditors' Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditors' Report. However, future events or conditions may cause the Company to cease to continue as a going concern.
•Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor’s Report.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Nicholas Newman (Senior Statutory Auditor)
For and on behalf of HT Digital Ltd
Chartered Accountants & Statutory Auditors

101 New Cavendish Street
London
W1W 6XH
United Kingdom

30 March 2026

KEYROCK UK LIMITED

## STATEMENT OF COMPREHENSIVE INCOME

For the financial year ended 30 June 2025
KEYROCK UK LIMITED

## STATEMENT OF COMPREHENSIVE INCOME (continued)

For the financial year ended 30 June 2025

| Note | Year ended 30.06.2025 |  | Period from 01.12.2023 to 30.06.2024
|  | £ |  | £
|  |  |  | Restated - note 2
Turnover |  | 2,598,289 |  | 843,859
Administrative expenses | 5 | ( 2,402,728) |  | ( 803,109)
Operating profit |  | 195,561 |  | 40,750
Interest receivable and similar income |  | 17,038 |  | 8,988
Profit before taxation |  | 212,599 |  | 49,738
Tax on profit |  | ( 54,707) |  | ( 11,741)
Profit for the financial year/period |  | 157,892 |  | 37,997
Other comprehensive income |  | 0 |  | 0
Total comprehensive income for the financial year/period |  | 157,892 |  | 37,997

See notes to financial statements.

KEYROCK UK LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 30 June 2025
KEYROCK UK LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2025

| Note | 30.06.2025 |  | 30.06.2024
|  | £ |  | £
|  |  |  | Restated - note 2
Fixed assets |  |  |  |
Tangible assets | 6 | 2,032 |  | 2,074
Investments | 7 | 404 |  | 404
|  | 2,436 |  | 2,478
Current assets |  |  |  |
Debtors | 8 | 648,060 |  | 200,358
Cash at bank and in hand | 9 | 25,898 |  | 0
|  | 673,958 |  | 200,358
Creditors: amounts falling due within one year | 10 | ( 455,328) |  | ( 139,662)
Net current assets |  | 218,630 |  | 60,696
Total assets less current liabilities |  | 221,066 |  | 63,174
Net assets |  | 221,066 |  | 63,174
Capital and reserves |  |  |  |
Called-up share capital | 11 | 1 |  | 1
Profit and loss account |  | 221,065 |  | 63,173
Total shareholder's funds |  | 221,066 |  | 63,174

See notes to financial statements.

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

The financial statements of Keyrock UK Limited (registered number: 13722013) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

K P M De Patoul Director |  | B P Howell Director

30 March 2026

KEYROCK UK LIMITED

## STATEMENT OF CHANGES IN EQUITY

For the financial year ended 30 June 2025
KEYROCK UK LIMITED

## STATEMENT OF CHANGES IN EQUITY (continued)

For the financial year ended 30 June 2025

| Called-up share capital |  | Profit and loss account |  | Total
| £ |  | £ |  | £
At 01 December 2023 | 1 |  | 25,176 |  | 25,177
Profit for the financial period | 0 |  | 37,997 |  | 37,997
Total comprehensive income | 0 |  | 37,997 |  | 37,997
At 30 June 2024 (as restated) | 1 |  | 63,173 |  | 63,174
At 01 July 2024 (as previously stated) | 1 |  | 61,646 |  | 61,647
Prior year adjustment (note 2) | 0 |  | 1,527 |  | 1,527
At 01 July 2024 (as restated) | 1 |  | 63,173 |  | 63,174
Profit for the financial year | 0 |  | 157,892 |  | 157,892
Total comprehensive income | 0 |  | 157,892 |  | 157,892
At 30 June 2025 | 1 |  | 221,065 |  | 221,066

See notes to financial statements.

KEYROCK UK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
KEYROCK UK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

##### General information and basis of accounting

Keyrock UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Financial Reporting Standard 102 section 1A (FRS 102 1A) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net assets of £221,066. The company is supported through loans from the Parent Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Reporting period length

On 4 November 2024, the Company changed its accounting reference date to 30 June in order to align with the reporting period of other companies within the Group. As a result, the previous financial statements cover the seven-month period from 1 December 2023 to 30 June 2024. Accordingly, the comparative amounts presented in the financial statements and related notes are not fully comparable.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
* the amount of revenue can be measured reliably;
* it is probable that the Company will receive the consideration due under the contract;
* the stage of completion of the contract at the end of the reporting period can be measured reliably; and
* the costs incurred and the costs to complete the contract can be measured reliably.

##### Employee benefits

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included in other creditors in the Statement of Financial Position.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

##### 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 creditors: amounts falling due within one year.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities.

Financial assets
Basic financial assets are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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 are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and 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.

#### 2. Prior year adjustment

While preparing the accounts for the period ended 30 June 2024, a bonus payable to staff should have been accrued of £30,537 and a management charge of £32,064 should have been charged to the parent company Keyrock SA.

|  | As previously reported |  | Adjustment |  | As restated
Year ended 30 June 2024 |  | £ |  | £ |  | £
Turnover per the Statement of comprehensive income |  | (811,795) |  | (32,064) |  | (843,859)
Administrative expenses per the Statement of comprehensive income |  | 772,572 |  | 30,537 |  | 803,109
Retained earnings at the end of financial year/period per the Statement of comprehensive income |  | (61,646) |  | (1,527) |  | (63,173)
Debtors per the Statement of Financial Position |  | 168,414 |  | 31,944 |  | 200,358
Creditors: amounts falling due within one year per the Statement of Financial Position |  | (109,245) |  | (30,417) |  | (139,662)
Profit and loss account per the Statement of Financial Position |  | (61,646) |  | (1,527) |  | (63,173)

#### 3. Employees

| Year ended 30.06.2025 |  | Period from 01.12.2023 to 30.06.2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 13 |  | 9

#### 4. Tax on profit

| Year ended 30.06.2025 |  | Period from 01.12.2023 to 30.06.2024
| £ |  | £
Current tax on profit |  |  |
UK corporation tax | 54,707 |  | 11,741
Total current tax | 54,707 |  | 11,741
Total tax on profit | 54,707 |  | 11,741

Tax reconciliation

The tax assessed for the year is higher than (2024: lower than) the standard rate of corporation tax in the UK:

| Year ended 30.06.2025 |  | Period from 01.12.2023 to 30.06.2024
| £ |  | £
Profit before taxation | 212,599 |  | 49,738
Tax on profit at standard UK corporation tax rate of 25% (2024: 25%) | 53,150 |  | 12,435
Effects of: |  |  |
Expenses not deductible for tax purposes | 702 |  | 200
Adjustments in respect of prior years | 382 |  | ( 382)
Pension contributions adjustment | 882 |  | (512)
Capital allowances | (409) |  | 0
Total tax charge for year/period | 54,707 |  | 11,741

#### 5. Administrative Expenses

Administrative expenses comprise the following:

| Year ended 30.06.2025 |  | Period from 01.12.2023 to 30.06.2024
| £ |  | £
Staff costs | (2,195,011) |  | (683,946)
Rent, rates and premises costs | (148,841) |  | (52,572)
Professional fees | (44,365) |  | (64,024)
IT, software and subscriptions | (2,417) |  | 0
Travel and entertainment | (6,891) |  | (1,025)
Depreciation and amortisation | (1,676) |  | (802)
Other administrative expenses | (3,527) |  | (740)
| (2,402,728) |  | (803,109)

#### 6. Tangible assets

| Computer equipment |  | Total
| £ |  | £
Cost |  |  |
At 01 July 2024 | 4,127 |  | 4,127
Additions | 1,634 |  | 1,634
At 30 June 2025 | 5,761 |  | 5,761
Accumulated depreciation |  |  |
At 01 July 2024 | 2,053 |  | 2,053
Charge for the financial year | 1,676 |  | 1,676
At 30 June 2025 | 3,729 |  | 3,729
Net book value |  |  |
At 30 June 2025 | 2,032 |  | 2,032
At 30 June 2024 | 2,074 |  | 2,074

#### 7. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 July 2024 | 404 |  | 404
At 30 June 2025 | 404 |  | 404
Carrying value at 30 June 2025 | 404 |  | 404
Carrying value at 30 June 2024 | 404 |  | 404

#### 8. Debtors

| 30.06.2025 |  | 30.06.2024
| £ |  | £
Amounts owed by group undertakings | 569,760 |  | 184,734
Prepayments | 0 |  | 900
Other debtors | 78,300 |  | 14,724
| 648,060 |  | 200,358

#### 9. Cash and cash equivalents

| 30.06.2025 |  | 30.06.2024
| £ |  | £
Cash at bank and in hand | 25,898 |  | 0

#### 10. Creditors: amounts falling due within one year

| 30.06.2025 |  | 30.06.2024
| £ |  | £
Trade creditors | 7,940 |  | 1,004
Amounts owed to group undertakings | 604 |  | 404
Accruals | 378,679 |  | 40,737
Taxation and social security | 54,707 |  | 50,401
Other creditors | 13,398 |  | 47,116
| 455,328 |  | 139,662

#### 11. Called-up share capital

| 30.06.2025 |  | 30.06.2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 Ordinary share of £ 1.00 | 1 |  | 1

#### 12. Related party transactions

Included within amounts owed to group undertakings is £569,760 due from (2024: £184,734) the parent company. Interest was charged on the loan of £17,038 (2024: £8,986). The balance is unsecured, interest bearing and has no fixed repayment terms.

#### 13. Ultimate controlling party

Parent Company:

Keyrock SA
Avenue Louise 480 1050 Ixelles, Brussels Belgium

The Company is part of the Keyrock Group. The immediate and ultimate parent company is Keyrock SA, incorporated in Belgium .