Company registration number 07527346 (England and Wales)
CARTER DAVIS UK LIMITED
Unaudited financial statements
For the year ended 28 February 2026
Pages for filing with registrar
CARTER DAVIS UK LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 6
CARTER DAVIS UK LIMITED
STATEMENT OF FINANCIAL POSITION
As at 28 February 2026
- 1 -
2026
2025
Notes
£
£
£
£
Non-current assets
Intangible assets
3
1,928
-
0
Investments
4
129,686
158,277
131,614
158,277
Current assets
Trade and other receivables
5
46,892
21,375
Cash and cash equivalents
52,375
1,550
99,267
22,925
Current liabilities
6
(9,340)
(78,983)
Net current assets/(liabilities)
89,927
(56,058)
Net assets
221,541
102,219
Equity
Called up share capital
7
20,000
20,000
Share premium account
15,124
15,124
Retained earnings
186,417
67,095
Total equity
221,541
102,219

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on
2 June 2026
02 June 2026
and are signed on its behalf by:
P Want
Director
Company Registration No. 07527346
CARTER DAVIS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 28 February 2026
- 2 -
1
Accounting policies
Company information

Carter Davis UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Connect House, 133-137 Alexandra Road, Wimbledon, London, SW19 7JY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include intangible assets at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Revenue

Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Intangible fixed assets other than goodwill

Bitcoin is recognised as an intangible asset, as it is an identifiable non-monetary asset without physical substance, and is not held for sale in the ordinary course of business. It is initially recognised at cost, which includes the purchase price along with any transaction’s fees.

The company has adopted the revaluation model, as there is an active market. Hence, the Bitcoin is subsequently revalued at each reporting date to its fair value (based upon the price from the Bitcoin exchange at the reporting end date) less any accumulated impairment losses.

Changes in fair value are recognised in the other comprehensive income statement and accumulated in equity (revaluation reserve), unless a revaluation decrease exceeds the accumulated revaluation gains in equity (revaluation reserve), in which case the decrease is recognised in the income statement.

1.4
Non-current investments

Interests in subsidiaries, associates, participating interests and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

CARTER DAVIS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 28 February 2026
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.7
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons employed by the company during the year was 0 (2025 - 0).

CARTER DAVIS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 28 February 2026
- 4 -
3
Intangible fixed assets
Bitcoin
£
Cost
At 1 March 2025
-
0
Additions
2,000
Revaluation
(72)
At 28 February 2026
1,928
Amortisation and impairment
At 1 March 2025 and 28 February 2026
-
0
Carrying amount
At 28 February 2026
1,928
At 28 February 2025
-
0
4
Fixed asset investments
2026
2025
£
£
Shares in group undertakings and participating interests
112,018
158,277
Loans
17,668
-
0
129,686
158,277

The shares are included in the accounts at cost. In the directors opinion, there has been no impairment.

CARTER DAVIS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 28 February 2026
4
Fixed asset investments
(Continued)
- 5 -
Movements in non-current investments
Shares in group undertakings and participating interests
Loans
Total
£
£
£
Cost or valuation
At 1 March 2025
158,277
-
158,277
Additions
-
17,596
17,596
Exchange movement
-
72
72
Disposals
(46,259)
-
(46,259)
At 28 February 2026
112,018
17,668
129,686
Carrying amount
At 28 February 2026
112,018
17,668
129,686
At 28 February 2025
158,277
-
0
158,277
5
Trade and other receivables
2026
2025
Amounts falling due within one year:
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
6,433
6,064
Other receivables
40,459
15,311
46,892
21,375
6
Current liabilities
2026
2025
£
£
Trade payables
300
3,020
Corporation tax
-
0
906
Other payables
9,040
75,057
9,340
78,983
CARTER DAVIS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 28 February 2026
- 6 -
7
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
5,000
5,000
5,000
5,000
Ordinary B shares of £1 each
5,000
5,000
5,000
5,000
Ordinary C shares of £1 each
5,000
5,000
5,000
5,000
Ordinary D shares of £1 each
5,000
5,000
5,000
5,000
20,000
20,000
20,000
20,000

The company has ordinary A, B, C and D shares. Each class of share has voting rights, rights to a dividend and rights to full participation in a winding up.

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