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Registered number: 15844326 TOTSSY ROBOTICS LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD FROM 17 JULY 2024 TO 31 DECEMBER 2025
TOTSSY ROBOTICS LTD REGISTERED NUMBER: 15844326 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | Period ending 31/12/2025
Note |  | £
Fixed assets |  |  |
Intangible assets | 4 |  | 996,580
Tangible assets | 5 |  | 18,319
|  |  | 1,014,899
Current assets |  |  |
Stocks | 6 | 235,452 |
Debtors: amounts falling due within one year | 7 | 50,492 |
Cash at bank and in hand |  | 13,127 |
|  | 299,071 |
Creditors: amounts falling due within one year | 8 | (2,284,672) |
Net current (liabilities)/assets |  |  | (1,985,601)
Total assets less current liabilities |  |  | (970,702)
Net (liabilities)/assets |  |  | (970,702)
Capital and reserves |  |  |
Called up share capital | 9 |  | 100
Profit and loss account |  |  | (970,802)
|  |  | (970,702)
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TOTSSY ROBOTICS LTD REGISTERED NUMBER: 15844326 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2025 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 April 2026.
Kamil Karam
Director
The notes on pages 3 to 7 form part of these financial statements. Page 2
TOTSSY ROBOTICS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025
1. | General information
Totssy Robotics Ltd is a private company limited by share capital, incorporated under the UK Companies Act 2006. The address of the Company's registered office is Regina House, 124 Finchley Road, London, NW3 5JS. The company was incorporated on 17 July 2024. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
| 2.2 | Going concern
The director has a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
| 2.4 | Revenue
Turnover represents revenue recognised by the Company from business and domestic software development, information technology consultancy activities, and promotional and marketing services. Page 3
TOTSSY ROBOTICS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.7 | Intangible assets
Intangible assets comprise internally developed software and technical know-how arising from the development of an intelligent machine designed to enhance order fulfilment processes in the retail market segment and to generate proprietary knowledge for the design and construction of future machines. Development expenditure is capitalised only when the criteria for recognition are met, including the technical feasibility of completing the asset, the intention and ability to complete and use the asset, and the expectation that future economic benefits will flow to the Company. Expenditure that does not meet these criteria is recognised in profit or loss as incurred. Capitalised intangible assets are stated at cost less accumulated amortisation and any accumulated impairment losses. Amortisation is charged on a straight-line basis over the asset’s estimated useful economic life, which reflects the period over which the Company expects to derive economic benefit from the technology and software. The resulting intellectual property, including software code and embedded technical knowledge, remains the property of the Company and is expected to support the development of future machines and ongoing commercial activities.
| 2.8 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Computer equipment | - | 20% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 4
TOTSSY ROBOTICS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.9 | Stocks and work in progress
Work in progress represent costs incured on hardware development projects. Cost compromises directly attributable materials labour and other costs incurred in bringing work to the present stage of completion.
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.11 | Debtors
Short term debtors are measured at transaction price, less any impairment.
| 2.12 | Creditors
Short term creditors are measured at the transaction price.
| 2.13 | Borrowings
Borrowings are recognised initially at the transaction price and subsequently measured at amortised cost.
3. | Employees
| The average monthly number of employees, including directors, during the Period was 1.
4. | Intangible assets
|  | Computer software
|  | £
| Cost |
| Additions - internal | 996,580
| At 31 December 2025 | 996,580
| Net book value |
| At 31 December 2025 | 996,580
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TOTSSY ROBOTICS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025
5. | Tangible fixed assets
|  | Computer equipment
|  | £
| Cost or valuation |
| Additions | 20,538
| At 31 December 2025 | 20,538
| Depreciation |
| Charge for the Period on owned assets | 2,219
| At 31 December 2025 | 2,219
| Net book value |
| At 31 December 2025 | 18,319
6. | Stocks
|  |  |  |  | 2025
|  |  |  |  | £
| Work in progress (goods to be sold) | 235,452
|  | 235,452
7. | Debtors
|  |  |  |  | 2025
|  |  |  |  | £
| Other debtors | 50,492
|  | 50,492
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TOTSSY ROBOTICS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025
|  |  |  |  | £
| Trade creditors | 47,725
| Amounts owed to associates | 132,861
| Other creditors | 2,102,086
| Accruals and deferred income | 2,000
|  | 2,284,672
| As at the reporting date, the Company had outstanding loans from non related parties totalling £2,099,663. These loans carry varying interest rates, are unsecured, and are repayable on demand.
9. | Share capital
|  |  |  |  | 2025
|  |  |  |  | £
|  | Allotted, called up and fully paid |
|  | 10,000 Ordinary shares of £0.01 each | 100
On 17 July 2024, the company alloted 10,000 ordinary shares of £0.01 each for cash at par.
10. | Related party transactions
| At the balance sheet date, the company owed £2,423 to the director. The balance is included in other creditors. The loan has been provided interest free and is repayable on demand. At the reporting date, the company owed £85,161 to a related party under common directorship. The loan is interest-free, unsecured, and repayable on demand. At the reporting date, the company also owed £47,700 to a related party under common directorship. This loan bears interest at a rate of 6.72%, is unsecured, and is repayable on demand.
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