Company registration number 11472121 (England and Wales)
MONUMO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
Affinia
19th Floor
1 Westfield Avenue
London
E20 1HZ
MONUMO LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 11
MONUMO LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Intangible assets
4
-
0
881
Tangible assets
5
170,387
263,389
Investments
6
8
-
0
170,395
264,270
Current assets
Debtors
7
1,024,817
1,072,312
Cash at bank and in hand
3,026,944
2,677,482
4,051,761
3,749,794
Creditors: amounts falling due within one year
8
(193,590)
(321,946)
Net current assets
3,858,171
3,427,848
Total assets less current liabilities
4,028,566
3,692,118
Creditors: amounts falling due after more than one year
9
(6,059,038)
(3,145,038)
Net (liabilities)/assets
(2,030,472)
547,080
Capital and reserves
Called up share capital
10
16
16
Share premium account
10,655,246
10,654,654
Profit and loss reserves
(12,685,734)
(10,107,590)
Total equity
(2,030,472)
547,080
MONUMO LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 9 June 2026 and are signed on its behalf by:
Mr M J Frost
Director
Company registration number 11472121 (England and Wales)
MONUMO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Monumo Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1, Sovereign Court 1, University Of Warwick Science Park, Sir William Lyons Road, Coventry, CV4 7EZ.

1.1
Basis of preparation

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. 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
Going concern

The directors have prepared a financial forecast, which includes assumptions in relation to revenue, operating expense and equity funding, based on which, the judgement of the directors is that Monumo Limited can continue funding its operations for at least 12 months from the date that these statements were approved. The company has, therefore, prepared these accounts as a going concern.true

1.3
Revenue

Revenue comprises sales of services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

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.

1.4
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

MONUMO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents & licences
4 Years straight line
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
10 Years straight line
Plant and equipment
4 Years straight line
Office equipment
3 Years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.7
Fixed asset investments

Interests in subsidiaries, associates 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.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.8
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

MONUMO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.9
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10
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 balance sheet 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 debtors 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.

MONUMO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.11
Compound instruments

The component parts of compound instruments issued by the company are classified separately as financial liabilities and equity in accordance with the substance of the contractual arrangement. At the date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for a similar non-convertible instrument. This amount is recorded as a liability on an amortised cost basis using the effective interest method until extinguished upon conversion or at the instrument's maturity date. The equity component is determined by deducting the amount of the liability component from the fair value of the compound instrument as a whole. This is recognised and included in equity net of income tax effects and is not subsequently remeasured.

1.12
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.13
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

MONUMO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 7 -
1.14
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.15
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.16
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.17
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
33
29
MONUMO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
4
Intangible fixed assets
Patents & licences
£
Cost
At 1 January 2025 and 31 December 2025
7,046
Amortisation and impairment
At 1 January 2025
6,165
Amortisation charged for the year
881
At 31 December 2025
7,046
Carrying amount
At 31 December 2025
-
0
At 31 December 2024
881
5
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Office equipment
Total
£
£
£
£
Cost
At 1 January 2025
18,156
88,779
312,758
419,693
Additions
-
0
7,860
17,937
25,797
At 31 December 2025
18,156
96,639
330,695
445,490
Depreciation and impairment
At 1 January 2025
2,875
31,370
122,059
156,304
Depreciation charged in the year
1,816
23,098
93,885
118,799
At 31 December 2025
4,691
54,468
215,944
275,103
Carrying amount
At 31 December 2025
13,465
42,171
114,751
170,387
At 31 December 2024
15,281
57,409
190,699
263,389
6
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
8
-
0
MONUMO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
6
Fixed asset investments
(Continued)
- 9 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2025
-
Additions
8
At 31 December 2025
8
Carrying amount
At 31 December 2025
8
At 31 December 2024
-
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
62,124
Unpaid share capital
-
0
121
Corporation tax recoverable
612,935
560,628
Amounts owed by group undertakings
1,768
-
0
Other debtors
76,970
90,129
Prepayments and accrued income
333,144
359,310
1,024,817
1,072,312
8
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
73,238
221,825
Taxation and social security
101,279
88,139
Accruals and deferred income
19,073
11,982
193,590
321,946
9
Creditors: amounts falling due after more than one year
2025
2024
As restated
£
£
Convertible loans
6,059,038
3,145,038
MONUMO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 10 -
10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 0.0001p each
6,347,801
6,293,383
6
6
2025
2024
2025
2024
Preference share capital
Number
Number
£
£
Issued and fully paid
Preference shares of 0.0001p each
10,389,434
10,389,434
10
10
Preference shares classified as equity
10
10
Total equity share capital
16
16

On 12 April 2025, 26,918 Ordinary shares of £0.000001 each were issued at a premium of £0.01 per share.

On 06 August 2025, 27,500 Ordinary shares of £0.000001 each were issued at a premium of £0.01 per share.

Ordinary shares rank pari passu for voting and distribution.

Preference shares carry full rights in the company with respect to voting and dividends.

11
Related party transactions

At the balance sheet date there was a balance due from Monumo Inc, a subsidiary of Monumo Limited, of £1,768 (2024: £Nil). This balance is interest free and repayable on demand.

12
Securities

On 10 August 2022 a charge was issued to the benefit of Lloyds Bank PLC, which contains a fixed charge and a negative pledge.

13
Prior period adjustment
Reconciliation of changes in equity
1 January
31 December
2024
2024
£
£
Adjustments to prior year
Restatement of convertible loan notes from equity to debt
-
(3,145,038)
Equity as previously reported
4,154,446
3,692,118
Equity as adjusted
4,154,446
547,080
Analysis of the effect upon equity
Other reserves
-
(3,145,038)
MONUMO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
13
Prior period adjustment
(Continued)
- 11 -
Reconciliation of changes in loss for the previous financial period
2024
£
Total adjustments
-
Loss as previously reported
(3,607,994)
Loss as adjusted
(3,607,994)
Notes to reconciliation

In the prior year the SAFE instrument was classified within equity. Following a reassessment of the contractual terms under FRS 102, management concluded that the instrument should have been classified as a financial liability. Accordingly, the comparative figures have been restated.

2025-12-31 2025-01-01 false false false 09 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr S C W Blake Mr M J Frost Mr I A Murphy Mr S J Randle Mr J Rzepecki Mr D Vergine Mrs E Tanghal 11472121 2025-01-01 2025-12-31 11472121 2025-12-31 11472121 2024-12-31 11472121 core:PatentsTrademarksLicencesConcessionsSimilar 2025-12-31 11472121 core:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 11472121 core:PlantMachinery core:LongLeaseholdAssets 2025-12-31 11472121 core:PlantMachinery 2025-12-31 11472121 core:ComputerEquipment 2025-12-31 11472121 core:LandBuildings 2024-12-31 11472121 core:PlantMachinery 2024-12-31 11472121 core:ComputerEquipment 2024-12-31 11472121 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 11472121 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 11472121 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 11472121 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 11472121 core:ShareCapital 2025-12-31 11472121 core:ShareCapital 2024-12-31 11472121 core:SharePremium 2025-12-31 11472121 core:SharePremium 2024-12-31 11472121 core:RetainedEarningsAccumulatedLosses 2025-12-31 11472121 core:RetainedEarningsAccumulatedLosses 2024-12-31 11472121 core:ShareCapitalOrdinaryShareClass1 2025-12-31 11472121 core:ShareCapitalOrdinaryShareClass1 2024-12-31 11472121 core:ShareCapitalPreferenceShareClass1 2025-12-31 11472121 core:ShareCapitalPreferenceShareClass1 2024-12-31 11472121 bus:Director2 2025-01-01 2025-12-31 11472121 core:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 11472121 core:PatentsTrademarksLicencesConcessionsSimilar 2025-01-01 2025-12-31 11472121 core:LandBuildings core:LongLeaseholdAssets 2025-01-01 2025-12-31 11472121 core:PlantMachinery 2025-01-01 2025-12-31 11472121 core:ComputerEquipment 2025-01-01 2025-12-31 11472121 2024-01-01 2024-12-31 11472121 core:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 11472121 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-12-31 11472121 core:PlantMachinery 2024-12-31 11472121 core:ComputerEquipment 2024-12-31 11472121 2024-12-31 11472121 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-12-31 11472121 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 11472121 core:CurrentFinancialInstruments 2025-12-31 11472121 core:CurrentFinancialInstruments 2024-12-31 11472121 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 11472121 bus:PreferenceShareClass1 2025-01-01 2025-12-31 11472121 bus:OrdinaryShareClass1 2025-12-31 11472121 bus:OrdinaryShareClass1 2024-12-31 11472121 bus:PreferenceShareClass1 2025-12-31 11472121 bus:PreferenceShareClass1 2024-12-31 11472121 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 11472121 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 11472121 bus:FRS102 2025-01-01 2025-12-31 11472121 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 11472121 bus:Director1 2025-01-01 2025-12-31 11472121 bus:Director3 2025-01-01 2025-12-31 11472121 bus:Director4 2025-01-01 2025-12-31 11472121 bus:Director5 2025-01-01 2025-12-31 11472121 bus:Director6 2025-01-01 2025-12-31 11472121 bus:Director7 2025-01-01 2025-12-31 11472121 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP