REGISTERED NUMBER: 12921709 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Tico Capital Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J M Harper

A A Harper

REGISTERED OFFICE:

Apartment 302

Acre House

72 Long Acre

London

WC2E 9JS

REGISTERED NUMBER:

12921709 (England and Wales)

AUDITORS:

Anderson Barrowcliff Limited

Statutory Auditors

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Tangible assets

4

2,014

2,099

Investments

5

5,471

-

7,485

2,099

CURRENT ASSETS

Debtors

6

71,332

78,429

Cash at bank

137,997

181,543

209,329

259,972

CREDITORS

Amounts falling due within one year

7

86,385

242,680

NET CURRENT ASSETS

122,944

17,292

TOTAL ASSETS LESS CURRENT LIABILITIES

130,429

19,391

CAPITAL AND RESERVES

Called up share capital

8

770,000

525,000

Retained earnings

(639,571

)

(505,609

)

SHAREHOLDERS' FUNDS

130,429

19,391

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2026 and were signed on its behalf by:

J M Harper - Director

1.	STATUTORY INFORMATION

Tico Capital Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. Given the known challenges faced by startup investment managers raising external assets leading towards a self-sustaining business, the directors have allocated sufficient resources to finance the Company. Based on the assessment of the directors, there is reasonable expectation that the Company has access to adequate financial resources to continue in operational existence for the foreseeable future. Therefore, the directors continue to apply the going concern basis.

Turnover

Turnover represents net fees earned on managed funds. Credit is taken for fees in the period to which the fee relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Investments

Investments are initially recognised at cost, being the fair value of the consideration given. Subsequently, where the fair value can be measured reliably, investments are measured at fair value through profit or loss.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors and creditors receivable/ payable

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 income statement in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

3,600

1,435

5,035

Additions

-

1,281

1,281

At 31 December 2025

3,600

2,716

6,316

DEPRECIATION

At 1 January 2025

2,100

836

2,936

Charge for year

900

466

1,366

At 31 December 2025

3,000

1,302

4,302

NET BOOK VALUE

At 31 December 2025

600

1,414

2,014

At 31 December 2024

1,500

599

2,099

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

5,471

At 31 December 2025

5,471

NET BOOK VALUE

At 31 December 2025

5,471

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,959

28,898

Other debtors

59,914

48,214

VAT

2,559

1,317

Prepayments

900

-

71,332

78,429

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,040

1,292

Other creditors

72,311

183,687

Directors' current accounts

9,184

54,901

Accrued expenses

2,850

2,800

86,385

242,680

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

770,000

Ordinary

£1

770,000

525,000

245,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Shawcross FCA (Senior Statutory Auditor)

for and on behalf of Anderson Barrowcliff Limited