REGISTERED NUMBER: 10085815 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2025 TO 28 FEBRUARY 2026

FOR

LICENTIS TECHNICAL

Page

Company Information

1

Statement of Income and Retained Earnings

2

Balance Sheet

3

Notes to the Financial Statements

5

Chartered Accountants' Report

8

DIRECTOR:

H Stevens

REGISTERED OFFICE:

Ip3 Offices

Yanworth

Cheltenham

Gloucestershire

GL54 3LQ

REGISTERED NUMBER:

10085815 (England and Wales)

ACCOUNTANTS:

G C Accountancy Limited

43 Merstow Green

Evesham

Worcestershire

WR11 4BB

TURNOVER

-

-

Cost of sales

(1

)

(1

)

GROSS PROFIT

1

1

Administrative expenses

91,847

126,029

(91,846

)

(126,028

)

Other operating income

4

3,463

5,127

OPERATING LOSS and

LOSS BEFORE TAXATION

(88,383

)

(120,901

)

Tax on loss

(8,110

)

(15,460

)

LOSS FOR THE FINANCIAL PERIOD

(80,273

)

(105,441

)

Retained earnings at beginning of period

(5,090,966

)

(4,985,525

)

RETAINED EARNINGS AT END OF PERIOD

(5,171,239

)

(5,090,966

)

FIXED ASSETS

Intangible assets

6

1,778,167

1,778,167

Tangible assets

7

-

-

1,778,167

1,778,167

CURRENT ASSETS

Debtors

8

24,336

16,287

Cash at bank and in hand

6,319

483

30,655

16,770

CREDITORS

Amounts falling due within one year

9

468,247

374,089

NET CURRENT LIABILITIES

(437,592

)

(357,319

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,340,575

1,420,848

CREDITORS

Amounts falling due after more than one year

10

1,452,900

1,452,900

NET LIABILITIES

(112,325

)

(32,052

)

CAPITAL AND RESERVES

Called up share capital

802,043

802,043

Share premium

4,256,871

4,256,871

Retained earnings

(5,171,239

)

(5,090,966

)

(112,325

)

(32,052

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 director and authorised for issue on 19 May 2026 and were signed by:

H Stevens - Director

1.	DIRECTOR'S FEES

All Director's fees within these accounts are accrued and not actually paid.

2.	STATUTORY INFORMATION

Licentis Technical is a private company , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	OTHER OPERATING INCOME

PERIOD

1.7.25

TO

YEAR ENDED

28.2.26

30.6.25

£

£

Government grants

3,463

5,127

5.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2025 - 2 ) .

6.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 July 2025

and 28 February 2026

1,778,167

NET BOOK VALUE

At 28 February 2026

1,778,167

At 30 June 2025

1,778,167

7.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2025

and 28 February 2026

34,875

875

3,915

39,665

DEPRECIATION

At 1 July 2025

and 28 February 2026

34,875

875

3,915

39,665

NET BOOK VALUE

At 28 February 2026

-

-

-

-

At 30 June 2025

-

-

-

-

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

23,570

14,610

VAT

116

1,027

Deposit Paid

650

650

24,336

16,287

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

50,469

55,818

Social security and other taxes

635

582

Pension creditor

192

186

Credit Card

471

227

Directors' current accounts

414,480

316,276

Accrued expenses

2,000

1,000

468,247

374,089

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Non interest bearing

promissory note

1,452,900

1,452,900

1,452,900

1,452,900

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Licentis Technical for the period ended 28 February 2026 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Licentis Technical in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Licentis Technical and state those matters that we have agreed to state to the director of Licentis Technical in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Licentis Technical and its director for our work or for this report.

It is your duty to ensure that Licentis Technical has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Licentis Technical. You consider that Licentis Technical is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Licentis Technical. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

G C Accountancy Limited

43 Merstow Green

Evesham

Worcestershire

WR11 4BB

19 May 2026