RECFINDR LTD


Director	M A Chirica


Registered Address	Arquen House
	4-6 Spicer Street
	St. Albans
	AL3 4PQ


Registered Number	14419156 (England and Wales)

Balance Sheet as at
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		746		-
			746		-
Current assets
Debtors	4	3,661		11,947
Cash at bank and on hand		127,535		1,078
		131,196		13,025
Creditors amounts falling due within one year	5	(2,307)		(28,680)
Net current assets (liabilities)			128,889		(15,655)
Total assets less current liabilities			129,635		(15,655)
Net assets			129,635		(15,655)
Capital and reserves
Called up share capital			1		1
Share premium			266,500		-
Other reserves			4,205		-
Profit and loss account			(141,071)		(15,656)
Shareholders' funds			129,635		(15,655)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 23 April 2026, and are signed on its behalf by:

M A Chirica
Director
Registered Company No. 14419156

RECFINDR LTD

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The financial statements have been prepared on a going concern basis. The directors consider this basis appropriate as the Company has sufficient cash available to continue to trade for at least 12 months from the date these financial statements are authorised for issue

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

	Share-based payments
	The share-based payment has been accounted for as an equity-settled transaction in accordance with FRS 102 Section 26. The fair value of the options at the grant date is recognised as an expense over the vesting period, with a corresponding credit to equity.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	4

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
Additions	833	833
At 31 October 25	833	833
Depreciation and impairment
Charge for year	87	87
At 31 October 25	87	87
Net book value
At 31 October 25	746	746
At 31 October 24	-	-

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	649	8,530
Prepayments and accrued income	3,012	3,417
Total	3,661	11,947

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,135	28,680
Taxation and social security	877	-
Other creditors	295	-
Total	2,307	28,680

6.	Related party transactions
	During the year, a loan of £9,000 (2024: £50,244) due from an entity under common control was formally waived and written off. The balance is no longer repayable and has been recognised as Other Operating Income for the year ended 31 October 2025. At the balance sheet date, the Company owed £295 to the Director and this amount is included within Other Creditors. The loan is unsecured, interest-free, and repayable on demand.

Related party transactions

During the year, a loan of £9,000 (2024: £50,244) due from an entity under common control was formally waived and written off. The balance is no longer repayable and has been recognised as Other Operating Income for the year ended 31 October 2025.

At the balance sheet date, the Company owed £295 to the Director and this amount is included within Other Creditors. The loan is unsecured, interest-free, and repayable on demand.

7.	Further information regarding the company's financial position
	Amounts of £28,000 directly attributable to the issue of equity instruments have been deducted from the share premium account in accordance with Section 22 of FRS 102. During the year, the Company established an equity-settled share option scheme to incentivise contractors providing services to the Company. Under the plan, 2,648,746 options were granted on 26 September 2025 with a vesting period of 36 months with an exercise price of £0.00000001. The fair value of the options has been valued at £0.015446 based on the January 2025 funding round. The value of the options that vested in the year was £4,205 and this was charged to the profit and loss account as an expense. The total carrying amount of £4,205 of the vested options has been recognised in Other Reserves. Options vest subject to the contractors continuously providing services to the company over the 36-month vesting period.

Further information regarding the company's financial position

Amounts of £28,000 directly attributable to the issue of equity instruments have been deducted from the share premium account in accordance with Section 22 of FRS 102.

During the year, the Company established an equity-settled share option scheme to incentivise contractors providing services to the Company. 

Under the plan, 2,648,746 options were granted on 26 September 2025 with a vesting period of 36 months with an exercise price of £0.00000001. The fair value of the options has been valued at £0.015446 based on the January 2025 funding round. 

The value of the options that vested in the year was £4,205 and this was charged to the profit and loss account as an expense. The total carrying amount of £4,205 of the vested options has been recognised in Other Reserves.

Options vest subject to the contractors continuously providing services to the company over the 36-month vesting period.