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COMPANY REGISTRATION NUMBER: 08959344

Atelier Technology Limited

Filleted Unaudited Financial Statements

31 March 2026

Atelier Technology Limited

Financial Statements

Year ended 31 March 2026

Contents | Page

Officers and professional advisers | 1

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements | 2

Statement of financial position | 3

Notes to the financial statements | 5

Atelier Technology Limited

Officers and Professional Advisers

The board of directors | D Hill
| N Ramiah
| J C Tosh

Company secretary | D Hill

Registered office | 727-729 High Road
| London
| N12 0BP

Accountants | Complete Accounting Solutions
| Chartered Certified Accountants
| 727-729 High Road
| London
| N12 0BP

Atelier Technology Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Atelier Technology Limited

Year ended 31 March 2026
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2026, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP

Atelier Technology Limited

Statement of Financial Position

31 March 2026

| 2026 | 2025
Note | £ | £

Fixed assets

Intangible assets | 6 | 108 | 32
Tangible assets | 7 | 8,414 | 12,759
Investments | 8 | 760 | 785
| ------- | --------
| 9,282 | 13,576

Current assets

Debtors | 9 | 657,735 | 657,930
Cash at bank and in hand | 467,694 | 337,715
| ------------ | ---------
| 1,125,429 | 995,645

Creditors: amounts falling due within one year | 10 | 421,705 | 1,317,234
| ------------ | ------------
Net current assets/(liabilities) | 703,724 | ( 321,589)
| --------- | ---------
Total assets less current liabilities | 713,006 | ( 308,013)

Creditors: amounts falling due after more than one year | 11 | 503,794 | 477,671
| --------- | ---------
Net assets/(liabilities) | 209,212 | ( 785,684)
| --------- | ---------

Capital and reserves

Called up share capital | 565 | 565
Share premium account | 6,945,259 | 6,945,259
Share option reserve | 1,087,395 | 1,006,300
Profit and loss account | ( 7,824,007) | ( 8,737,808)
| ------------ | ------------
Shareholders funds/(deficit) | 209,212 | ( 785,684)
| ------------ | ------------

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 March 2026 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 .

Atelier Technology Limited

Statement of Financial Position (continued)

31 March 2026
These financial statements were approved by the board of directors and authorised for issue on 23 April 2026 , and are signed on behalf of the board by:

D Hill
Director

Company registration number: 08959344

Atelier Technology Limited

Notes to the Financial Statements

Year ended 31 March 2026
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.
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. The financial statements are prepared in sterling, which is the functional currency of the entity .
Going concern
In our opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which we believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular we believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred 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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
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.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses .
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Other intangible assets | - | 10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:

| Furniture and Equipment | - | 25% straight line

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
Share-based payments
Equity-settled share-based payment transactions are measured at fair value at the date of grant. The fair value is expensed on a straight-line basis over the vesting period, with a corresponding increase in equity. This is based upon the company's estimate of the shares or share options that will eventually vest which takes into account all vesting conditions and non-market performance conditions, with adjustments being made where new information indicates the number of shares or share options expected to vest differs from previous estimates. Fair value is determined using an appropriate pricing model. All market conditions and non-vesting conditions are taken into account when estimating the fair value of the shares or share options. As long as all other vesting conditions are satisfied, no adjustment is made irrespective of whether market or non-vesting conditions are met. Where the terms of an equity-settled transaction are modified, an expense is recognised as if the terms had not been modified. In addition, an expense is recognised for any increase in the fair value of the transaction, as measured at the date of modification. Where an equity-settled transaction is cancelled or settled, it is treated as if it had vested on the date of cancellation or settlement, and any expense not yet recognised in profit or loss is expensed immediately. Cash-settled share-based payment transactions are measured at the fair value of the liability. Until the liability is settled, the fair value of the liability is re-measured at each reporting date and at the date of settlement, with any changes in fair value recognised in profit or loss for the period.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 15 (2025: 17 ).
5. Tax on profit/(loss)
Major components of tax income

| 2026 | 2025
| £ | £

Current tax:

UK current tax income | ( 72,533) | ( 149,749)
| -------- | ---------
Tax on profit/(loss) | ( 72,533) | ( 149,749)
| -------- | ---------

The 2025 tax charge of £149,749 represented a R&D tax credits claim lees an overaccrual for 2024 which was accrued for. For the year to 31 March 2026, there is a tax charge of £72,533. This is made up of £178,509 R&D credit received for 2025 and the corresponding overaccrual released from 2025 of £201,154 along with a R&D credit of £95,128 accrued for 2026 .
6. Intangible assets

| Other intangible assets
| £
Cost |
At 1 April 2025 | 3,448
Additions | –
Additions from internal developments | 88
| -------
At 31 March 2026 | 3,536
| -------
Amortisation |
At 1 April 2025 | 3,416
Charge for the year | 12
| -------
At 31 March 2026 | 3,428
| -------
Carrying amount |
At 31 March 2026 | 108
| -------
At 31 March 2025 | 32
| -------

7. Tangible assets

| Fixtures and fittings
| £
Cost |
At 1 April 2025 | 115,391
Additions | 1,403
Disposals | ( 1,620)
| ---------
At 31 March 2026 | 115,174
| ---------
Depreciation |
At 1 April 2025 | 102,632
Charge for the year | 4,128
| ---------
At 31 March 2026 | 106,760
| ---------
Carrying amount |
At 31 March 2026 | 8,414
| ---------
At 31 March 2025 | 12,759
| ---------

8. Investments

| Shares in group undertakings
| £
Cost |
At 1 April 2025 | 785
Disposals | ( 11)
Revaluations | ( 14)
| ----
At 31 March 2026 | 760
| ----
Impairment |
At 1 April 2025 and 31 March 2026 | –
| ----

Carrying amount |
At 31 March 2026 | 760
| ----
At 31 March 2025 | 785
| ----

The above amount represents a 100% investment in Loupe US Corp., an entity incorporated in The United State of America.
9. Debtors

| 2026 | 2025
| £ | £
Trade debtors | 336,987 | 438,819
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 189,783 | –
Other debtors | 130,965 | 219,111
| --------- | ---------
| 657,735 | 657,930
| --------- | ---------

10. Creditors: amounts falling due within one year

| 2026 | 2025
| £ | £
Trade creditors | – | 101,404
Social security and other taxes | – | 25,335
Other creditors | 421,705 | 1,190,495
| --------- | ------------
| 421,705 | 1,317,234
| --------- | ------------

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

| 2026 | 2025
| £ | £
Other creditors | 503,794 | 477,671
| --------- | ---------

12. Share-based payments
Certain employees and suppliers of the company have been granted options over the shares in the company under an EMI and Non-EMI scheme. The options granted are at a fair value determined by the directors. These options are exercisable at various percentages over a period of years ranging from 2 to 5 years. None (2025 : none) of the options vested were exercised in the year ended 31 March 2026. An expense equivalent to the fair value of the share options granted is recognised evenly over the vesting period with a corresponding amount being recognised in the share option reserve.
Details of the number and weighted average exercise prices (WAEP) of share options during the year are as follows:

| 2026 | 2025
| No. | WAEP | No. | WAEP
Outstanding at 1 April 2025 | 10,349 | 135.87 | 10,441 | 135.87
Granted during the year | 572 | 135.87 | 112 | 135.87
Expired during the year | ( 387) | 135.87 | ( 204) | 135.87
| -------- | -------- | -------- | --------
Outstanding at 31 March 2026 | 10,534 | 135.87 | 10,349 | 135.87
| -------- | -------- | -------- | --------

Exercisable at 31 March 2026 | 10,534 | 135.87 | 10,349 | 135.87
| -------- | -------- | -------- | --------

The total expense recognised in profit or loss for the year is as follows:

| 2026 | 2025
| £ | £
Equity-settled share-based payments | 81,095 | 92,134
| -------- | --------

13. Related party transactions
At the year end, T Piotrowski, a shareholder was owed £250,000 (2025 : £250,000) and D Hill , director, was owed £97,664 (2025 : £75,567) by the company. These amounts are non-interest bearing.