Company No: 10562713 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	4,649		0
Tangible assets	4	105,121		119,646
		109,770		119,646
Current assets
Debtors	5	5,938		7,876
Cash at bank and in hand		10,908		9,706
		16,846		17,582
Creditors: amounts falling due within one year	6	( 33,286)		( 31,641)
Net current liabilities		(16,440)		(14,059)
Total assets less current liabilities		93,330		105,587
Creditors: amounts falling due after more than one year	7	( 4,460)		( 13,135)
Provision for liabilities		( 26,280)		( 22,733)
Net assets		62,590		69,719
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		62,490		69,619
Total shareholder's funds		62,590		69,719

For the financial 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Sturdy Storage Limited (registered number: 10562713) were approved and authorised for issue by the Director on 23 June 2026. They were signed on its behalf by:

Mr R S T Sturdy Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sturdy Storage Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Bean Hill Barn, Witham Friary, Frome, BA11 5HD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents the value of rent received during the year, net of Value Added Tax and trade discounts. Where turnover is invoiced in advance, this is deferred to the extent that the rental period has not elapsed at the period end. To the extent that rent due under contract has not been received, the amount is recognised as turnover and included in debtors.

Taxation

Current tax
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

not amortised

Other intangible assets

Intangible assets with no tangible form are separable and relate to major regularly traded crypto currencies. These are measured at a revalued amount being the fair value at the year end. Changes in market value above purchase price are recognised in other comprehensive income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery	5 - 12 years straight line
Office equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 January 2025	0		0
Additions	9,295		9,295
Disposals	( 570)		( 570)
At 31 December 2025	8,725		8,725
Accumulated amortisation
At 01 January 2025	0		0
Impairment losses	4,076		4,076
At 31 December 2025	4,076		4,076
Net book value
At 31 December 2025	4,649		4,649
At 31 December 2024	0		0

4. Tangible assets

	Plant and machinery		Office equipment		Total
	£		£		£
Cost
At 01 January 2025	163,622		5,512		169,134
Additions	1,800		0		1,800
At 31 December 2025	165,422		5,512		170,934
Accumulated depreciation
At 01 January 2025	46,002		3,486		49,488
Charge for the financial year	15,009		1,316		16,325
At 31 December 2025	61,011		4,802		65,813
Net book value
At 31 December 2025	104,411		710		105,121
At 31 December 2024	117,620		2,026		119,646

5. Debtors

	2025		2024
	£		£
Trade debtors	4,385		7,677
Prepayments	1,553		199
	5,938		7,876

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	897		1,762
Trade creditors	94		10,214
Accruals	3,413		1,925
Taxation and social security	20,178		9,964
Obligations under finance leases and hire purchase contracts	7,776		7,776
Other creditors	928		0
	33,286		31,641

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		899
Obligations under finance leases and hire purchase contracts	4,460		12,236
	4,460		13,135

There are no amounts on the bank loan above which any security has been given by the entity. The hire purchase contracts have security on the assets purchased by the entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares shares of £ 1.00 each	100		100