ACCOUNTS - Final Accounts

Registered number: 14355986 (England & Wales)

TROVATA LIMITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025


TROVATA LIMITED

COMPANY INFORMATION

Director	B P Turner


Registered number	14355986


Registered office	Birchin Court
	5th Floor
	19-25 Birchin Lane
	London
	United Kingdom
	EC3V 9DU


Independent auditor	ZEDRA Audit & Assurance (UK) Limited


TROVATA LIMITED

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 4


TROVATA LIMITED REGISTERED NUMBER:14355986

BALANCE SHEET

AS AT 31 DECEMBER 2025

		31 December 2025		31 December 2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	3	903		903
Bank and cash balances		4,489		3,090
		5,392		3,993
Creditors: amounts falling due within one year	4	(38,144)		(25,905)
Net current liabilities			(32,752)		(21,912)
Total assets less current liabilities			(32,752)		(21,912)

Net liabilities			(32,752)		(21,912)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(32,753)	(21,913)
	(32,752)	(21,912)

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 comprehensive income 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 by:

B P Turner

Director

Date: 30 April 2026

The notes on pages 2 to 4 form part of these financial statements.

Page 1


TROVATA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.Accounting policies

1.1

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.

1.2

Going concern

The Company is in a net liability position. The Company is reliant upon the continued support of the parent company, Trovata, Inc. in order to continue operating. As such, if this support was no longer available, the Company would not be able to continue as a going concern.
The Company has received written confirmation from its parent company that it will continue to provide support for a period of at least 12 months from the date of signing these financial statements. Furthermore, the director has assessed the ability of the parent company to provide the support based upon their forecasts and has concluded that the parent will have sufficient working capital to provide necessary support. For this reason, the director continues to adopt the going concern basis in preparing the financial statements.

1.3

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.

1.4

Debtors

Short-term debtors are measured at transaction price.

1.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

Page 2


TROVATA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.Accounting policies (continued)

1.6

Creditors

Short-term creditors are measured at the transaction price. Amounts owed to group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

2.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 1 May 2026 by Edward Wallis ACA (Senior Statutory Auditor) on behalf of ZEDRA Audit & Assurance (UK) Limited.

Debtors

					31 December 2025	31 December 2024
					£	£


Prepayments	903	903
	903	903

4.	Creditors: Amounts falling due within one year
		31 December 2025	31 December2024
		£	£

Amounts owed to group undertakings	32,144	19,905
Accruals and deferred income	6,000	6,000
	38,144	25,905

5.	Controlling party

Trovata Inc. is the parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is 312 South Cedros Avenue, Suite 312, Solana Beach, CA 92075, USA.

Page 3


TROVATA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6.	Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date thse financial statements were approved.

Page 4