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COMPANY REGISTRATION NUMBER: 08245873

NEUCHATEL LTD

Unaudited Financial Statements

31 December 2025

NEUCHATEL LTD

Financial Statements

Year ended 31 December 2025

Contents | Page

Director's report | 1

Income statement | 2

Statement of financial position | 3

Statement of changes in equity | 4

Notes to the financial statements | 5

NEUCHATEL LTD

Director's Report

Year ended 31 December 2025
The director presents his report and the unaudited financial statements of the company for the year ended 31 December 2025 .
Principal activities
The principal activities of the company during the year were the electronic application developer and the electronic web services provider.
Director
The director who served the company during the year was as follows:

Mr. Karan Khemani |

Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 26 May 2026 and signed on behalf of the board by:

Mr. Karan Khemani |
Director |

NEUCHATEL LTD

Income Statement

Year ended 31 December 2025

| 2025 | 2024
Note | € | €
Turnover | ( 5,626) | –

| ------- | ----
Gross loss | ( 5,626) | –

Administrative expenses | 111,559 | ( 8,815)
| --------- | -------
Operating profit/(loss) | 105,933 | ( 8,815)

Other interest receivable and similar income | 308 | 1
Interest payable and similar expenses | – | ( 34)
| --------- | -------
Profit/(loss) before taxation | 106,241 | ( 8,848)

Tax on profit/(loss) | – | –
| --------- | -------
Profit/(loss) for the financial year | 106,241 | ( 8,848)
| --------- | -------

All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.

NEUCHATEL LTD

Statement of Financial Position

31 December 2025

| 2025 | 2024
Note | € | € | €

Current assets

Debtors | 5 | – |  | 41,226
Cash at bank and in hand | – |  | 41,992
| ---- |  | --------
| – |  | 83,218

Creditors: amounts falling due within one year | 6 | – |  | 170,100
| ---- |  | ---------
Net current liabilities |  | – | 86,882
|  | ---- | --------
Total assets less current liabilities |  | – | ( 86,882)
|  | ---- | --------

Capital and reserves

Called up share capital |  | 1,247 | 1,247
Profit and loss account |  | ( 1,247) | ( 88,129)
|  | ------- | --------
Shareholders deficit |  | – | ( 86,882)
|  | ------- | --------

These financial statements have been prepared 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'.
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 26 May 2026 , and are signed on behalf of the board by:

Mr. Karan Khemani |
Director |

Company registration number: 08245873

NEUCHATEL LTD

Statement of Changes in Equity

Year ended 31 December 2025

| Called up share capital | Profit and loss account | Total
| € | € | €
At 1 January 2024 | 1,247 | ( 79,281) | ( 78,034)
Loss for the year |  | ( 8,848) | ( 8,848)
| ------- | -------- | --------
Total comprehensive income for the year | – | ( 8,848) | ( 8,848)
At 31 December 2024 | 1,247 | ( 88,129) | ( 86,882)
Profit for the year |  | 106,241 | 106,241
| ------- | --------- | ---------
Total comprehensive income for the year | – | 106,241 | 106,241
Dividends paid and payable | – | ( 19,359) | ( 19,359)
| ---- | -------- | --------
Total investments by and distributions to owners | – | ( 19,359) | ( 19,359)
| ------- | -------- | --------
At 31 December 2025 | 1,247 | ( 1,247) | –
| ------- | -------- | --------

NEUCHATEL LTD

Notes to the Financial Statements

Year ended 31 December 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 St Georges House, 6th floor, 15 Hanover Square, London, W1S 1HS, 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 and investment properties measured at fair value through profit or loss. The financial statements are prepared in euro, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:

| Computer Hardware | - | 20% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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.
4. Tangible assets

| Plant and machinery | Total
| € | €
Cost |  |
At 1 January 2025 and 31 December 2025 | 1,418 | 1,418
| ------- | -------
Depreciation |  |
At 1 January 2025 and 31 December 2025 | 1,418 | 1,418
| ------- | -------
Carrying amount |  |
At 31 December 2025 | – | –
| ------- | -------
At 31 December 2024 | – | –
| ------- | -------

5. Debtors

| 2025 | 2024
| € | €
Trade debtors | – | 13,023
Other debtors | – | 28,203
| ---- | --------
| – | 41,226
| ---- | --------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| € | €
Trade creditors | – | 7,926
Shareholder - Bugscore HLDG Limited | – | 159,798
Other creditors | – | 2,376
| ---- | ---------
| – | 170,100
| ---- | ---------

7. Related party transactions
The company was under the control of Bugscore HLDG Limited throughout the current and previous year. Bugscore HLDG Limited is the sole shareholder.