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COMPANY REGISTRATION NUMBER: 04508381

Migrate Technology Limited

Filleted Unaudited Financial Statements

For the year ended

31 August 2025

Migrate Technology Limited

Statement of Financial Position

31 August 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 6 |  | 362 |  | 1,778
Investments | 7 |  | 139,941 |  | 387,349
|  | --------- |  | ---------
|  | 140,303 |  | 389,127

Current assets

Stocks | 134,629 |  | 133,321 |
Debtors | 8 | 133,482 |  | 199,128 |
Investments | 9 | 1,495,216 |  | 970,622 |
Cash at bank and in hand | 412,970 |  | 545,003 |
| ------------ |  | ------------ |
| 2,176,297 |  | 1,848,074 |

Creditors: amounts falling due within one year | 10 | 175,061 |  | 210,120 |
| ------------ |  | ------------ |
Net current assets |  | 2,001,236 |  | 1,637,954
|  | ------------ |  | ------------
Total assets less current liabilities |  | 2,141,539 |  | 2,027,081

Provisions

Taxation including deferred tax |  | 28,594 |  | 12,554
|  | ------------ |  | ------------
Net assets |  | 2,112,945 |  | 2,014,527
|  | ------------ |  | ------------

Capital and reserves

Called up share capital |  | 90 |  | 90
Capital redemption reserve |  | 10 |  | 10
Profit and loss account |  | 2,112,845 |  | 2,014,427
|  | ------------ |  | ------------
Shareholders funds |  | 2,112,945 |  | 2,014,527
|  | ------------ |  | ------------

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 income and retained earnings has not been delivered.
For the year ending 31 August 2025 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 .

Migrate Technology Limited

Statement of Financial Position (continued)

31 August 2025
These financial statements were approved by the board of directors and authorised for issue on 13 May 2026 , and are signed on behalf of the board by:

J W Fox |
Director |

Company registration number: 04508381

Migrate Technology Limited

Notes to the Financial Statements

Year ended 31 August 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ground Floor, 3 Wellbrook Court, Girton, Cambridge, CB3 0NA, United Kingdom.
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, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from FRS 105 to FRS 102 as at 1 September 2023. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 12.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated 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:

| Development costs | - | 33% 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:

| Motor vehicles | - | 33% straight line
| Equipment | - | 33% straight line

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Intangible assets

| Development costs
| £
Cost |
At 1 September 2024 and 31 August 2025 | 13,508
| --------
Amortisation |
At 1 September 2024 and 31 August 2025 | 13,508
| --------
Carrying amount |
At 31 August 2025 | –
| --------
At 31 August 2024 | –
| --------

6. Tangible assets

| Motor vehicles | Equipment | Total
| £ | £ | £
Cost |  |  |
At 1 September 2024 | 63,990 | 27,265 | 91,255
Additions | – | 437 | 437
Disposals | – | ( 485) | ( 485)
| -------- | -------- | --------
At 31 August 2025 | 63,990 | 27,217 | 91,207
| -------- | -------- | --------
Depreciation |  |  |
At 1 September 2024 | 63,990 | 25,487 | 89,477
Charge for the year | – | 1,854 | 1,854
Disposals | – | ( 486) | ( 486)
| -------- | -------- | --------
At 31 August 2025 | 63,990 | 26,855 | 90,845
| -------- | -------- | --------
Carrying amount |  |  |
At 31 August 2025 | – | 362 | 362
| -------- | -------- | --------
At 31 August 2024 | – | 1,778 | 1,778
| -------- | -------- | --------

7. Investments

| Other investments other than loans | Cash deposits (maturity > 12 months) | Total
| £ | £ | £
Cost |  |  |
At 1 September 2024 | 127,341 | 292,411 | 419,752
Revaluations | 45,003 | – | 45,003
Other movements | – | ( 292,411) | ( 292,411)
| --------- | --------- | ---------
At 31 August 2025 | 172,344 | – | 172,344
| --------- | --------- | ---------
Impairment |  |  |
At 1 September 2024 and 31 August 2025 | 32,403 | – | 32,403
| --------- | --------- | ---------

Carrying amount |  |  |
At 31 August 2025 | 139,941 | – | 139,941
| --------- | --------- | ---------
At 31 August 2024 | 94,938 | 292,411 | 387,349
| --------- | --------- | ---------

8. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 9,950 | 54,527
Other debtors | 123,532 | 144,601
| --------- | ---------
| 133,482 | 199,128
| --------- | ---------

9. Investments

| 2025 | 2024
| £ | £
Other investments - Funding Circle | – | 1
Other investments - Lendy | 765 | 1,457
Other investments - Interactive Broker (shares & bonds) | 1,242,871 | 489,740
Short-term deposits | 251,580 | 479,424
| ------------ | ---------
| 1,495,216 | 970,622
| ------------ | ---------

10. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 99 | 12,256
Social security and other taxes | 141,762 | 141,707
Other creditors | 33,200 | 56,157
| --------- | ---------
| 175,061 | 210,120
| --------- | ---------

11. Directors' advances, credits and guarantees
During the year the company made advances to and received repayments from the directors. Interest has been charged at a fixed 2% rate, agreed in 2022 on any overdrawn balances, there are no repayment terms. A director

|  | 2025 | 2024
|  | £ | £
| Advances | 878 | 1,149
| Repayments | 7,223 | 1,312
| Balance due to the company at the year end | 25,607 | 31,952

A director

|  | 2025 | 2024
|  | £ | £
| Advances | 1,010 | 1,275
| Repayments | 3,051 | 13,221
| Balance due to the company at the year end | 35,598 | 37,639

12. Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 September 2023.
Reconciliation of equity

| 1 September 2023 | 31 August 2024
| As previously stated | Effect of transition | FRS 102 (as restated) | As previously stated | Effect of transition | FRS 102 (as restated)
| £ | £ | £ | £ | £ | £
Fixed assets | 580,102 | – | 580,102 | 343,269 | 45,858 | 389,127
Current assets | 1,258,394 | 4,096 | 1,262,490 | 1,830,266 | 17,808 | 1,848,074
Creditors: amounts falling due within one year | ( 137,011) | – | ( 137,011) | ( 210,120) | – | ( 210,120)
| ------------ | ------- | ------------ | ------------ | -------- | ------------
Net current assets | 1,121,383 | 4,096 | 1,125,479 | 1,620,146 | 17,808 | 1,637,954
| ------------ | ------- | ------------ | ------------ | -------- | ------------
Total assets less current liabilities | 1,701,485 | 4,096 | 1,705,581 | 1,963,415 | 63,666 | 2,027,081

Provisions | – | – | – | – | ( 12,554) | ( 12,554)
| ------------ | ------- | ------------ | ------------ | -------- | ------------
Net assets | 1,701,485 | 4,096 | 1,705,581 | 1,963,415 | 51,112 | 2,014,527
| ------------ | ------- | ------------ | ------------ | -------- | ------------

| ------------ | ------- | ------------ | ------------ | -------- | ------------
Capital and reserves | 1,701,485 | 4,096 | 1,705,581 | 1,963,415 | 51,112 | 2,014,527
| ------------ | ------- | ------------ | ------------ | -------- | ------------