ACCOUNTS - Final Accounts

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Registered number: 15223786

KODIAQ TECHNOLOGIES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2025

KODIAQ TECHNOLOGIES LIMITED

REGISTERED NUMBER: 15223786

BALANCE SHEET

AS AT 31 DECEMBER 2025

	31 December	As restated 31 October
	2025	2024
Note	£	£

FIXED ASSETS
Intangible assets	4		57,803		-
Tangible assets	5		52,612		-
			110,415		-
CURRENT ASSETS
Debtors: amounts falling due within one year	6	19,754		12
Cash at bank and in hand		517,567		-
		537,321		12
Creditors: amounts falling due within one year	7	(300,889)		-
NET CURRENT ASSETS			236,432		12

NET ASSETS			346,847		12

CAPITAL AND RESERVES
Called up share capital	8	14	12
Share premium account		751,684	-
Capital redemption reserve		2	-
Profit and loss account		(404,853)	-
		346,847	12

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

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KODIAQ TECHNOLOGIES LIMITED

REGISTERED NUMBER: 15223786

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Dr D Fyfe

Director

Date: 20 May 2026

The notes on pages 3 to 8 form part of these financial statements.

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KODIAQ TECHNOLOGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

1.	GENERAL INFORMATION

Kodiaq Technologies Limited is a private company limited by shares and incoporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA.

2.ACCOUNTING POLICIES

2.1

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and 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.

The following principal accounting policies have been applied:

2.2

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 except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.3

RESEARCH AND DEVELOPMENT

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

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KODIAQ TECHNOLOGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.6

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.7

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Plant and machinery	-	33%	Straight-line
				Computer equipment	-	20%	Straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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KODIAQ TECHNOLOGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.8

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

EMPLOYEES

The average monthly number of employees, excluding unpaid directors, during the period was 1 (2024 - 0).

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KODIAQ TECHNOLOGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

4.	INTANGIBLE ASSETS

		Patents
		£
	COST
	Additions	61,140
	At 31 December 2025	61,140
	AMORTISATION
	Charge for the period on owned assets	3,337
	At 31 December 2025	3,337
	NET BOOK VALUE
	At 31 December 2025	57,803
	At 31 October 2024	-

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KODIAQ TECHNOLOGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

5.	TANGIBLE FIXED ASSETS

	Plant and machinery	Computer equipment	Total
	£	£	£
COST OR VALUATION
Additions	46,141	8,722	54,863
At 31 December 2025	46,141	8,722	54,863
DEPRECIATION
Charge for the period on owned assets	1,968	283	2,251
At 31 December 2025	1,968	283	2,251
NET BOOK VALUE
At 31 December 2025	44,173	8,439	52,612
At 31 October 2024	-	-	-

DEBTORS

					31 December	31 October
					2025	2024
					£	£


Other debtors	18,427	-
Called up share capital not paid	10	12
Prepayments and accrued income	1,317	-
	19,754	12

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KODIAQ TECHNOLOGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

Trade creditors	40,142	-
Other taxation and social security	216	-
Other creditors	59,857	-
Accruals and deferred income	200,674	-
	300,889	-

ALLOTTED, CALLED UP AND FULLY PAID

143,816 (2024 - Nil) Ordinary shares of £0.0001 each	14	-

ALLOTTED, CALLED UP AND PARTLY PAID

Nil (2024 - 120,000) Ordinary shares of £0.0001 each	-	12

On 16 June 2025 the Company converted 18,000 ordinary shares of £0.0001 each into deferred shares of £0.0001 each. These were cancelled on 29 July 2025.

On 22 July 2025 the Company issued 11,725 ordinary shares of £0.0001 each at par.

On 1 August 2025 the Company issued 6,063 ordinary shares of £0.0001 each for £150,000.

On 25 September 2025 the Company issued 2,728 ordinary shares of £0.0001 each for non cash consideration of £80,940.

On 3 October 2025 the Company issued 8,422 ordinary shares of £0.0001 each for £249,882.

On 6 November 2025 the Company issued 12,878 ordinary shares of £0.0001 each for £381,779.

9.	PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,212 (2024 - £0). Contributions totalling £3,231 (2024 - £0) were payable to the fund at the balance sheet date and are included in creditors.

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