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Company No: 11452803 (England and Wales)

# FRESNEL1823 LIMITED

### Unaudited Financial Statements
For the financial year ended 31 May 2026
Pages for filing with the registrar

FRESNEL1823 LIMITED

## Unaudited Financial Statements

For the financial year ended 31 May 2026

Contents

FRESNEL1823 LIMITED

## COMPANY INFORMATION

For the financial year ended 31 May 2026
FRESNEL1823 LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 May 2026

DIRECTORS | Nabil Ariss
| Anne Carrance Ariss

REGISTERED OFFICE | 22 Chancery Lane
| London
| WC2A 1LS
| United Kingdom

COMPANY NUMBER | 11452803 (England and Wales)

FRESNEL1823 LIMITED

## BALANCE SHEET

As at 31 May 2026
FRESNEL1823 LIMITED

## BALANCE SHEET (continued)

As at 31 May 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,793 |  | 209
Investments | 4 | 1,854,608 |  | 1,365,422
|  | 1,856,401 |  | 1,365,631
Current assets |  |  |  |
Debtors | 5 | 19 |  | 19
Cash at bank and in hand |  | 314,506 |  | 29,162
|  | 314,525 |  | 29,181
Creditors: amounts falling due within one year | 6 | ( 1,288,335) |  | ( 811,072)
Net current liabilities |  | (973,810) |  | (781,891)
Total assets less current liabilities |  | 882,591 |  | 583,740
Provision for liabilities | 7 | ( 94,802) |  | ( 21,608)
Net assets |  | 787,789 |  | 562,132
Capital and reserves |  |  |  |
Called-up share capital |  | 1,000 |  | 1,000
Profit and loss account |  | 786,789 |  | 561,132
Total shareholders' funds |  | 787,789 |  | 562,132

For the financial year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the financial year 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; 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 Profit and Loss Account has not been delivered.

The financial statements of Fresnel1823 Limited (registered number: 11452803) were approved and authorised for issue by the Board of Directors on 22 June 2026. They were signed on its behalf by:

Nabil Ariss Director |

FRESNEL1823 LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2026
FRESNEL1823 LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2026

##### 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

Fresnel1823 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 22 Chancery Lane, London, WC2A 1LS, 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 £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided at amounts expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost, 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 or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 3 - 5 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.
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.

##### 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 Profit and Loss Account 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.

##### 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.

##### 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

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 June 2025 | 4,747 |  | 4,747
Additions | 1,956 |  | 1,956
At 31 May 2026 | 6,703 |  | 6,703
Accumulated depreciation |  |  |
At 01 June 2025 | 4,538 |  | 4,538
Charge for the financial year | 372 |  | 372
At 31 May 2026 | 4,910 |  | 4,910
Net book value |  |  |
At 31 May 2026 | 1,793 |  | 1,793
At 31 May 2025 | 209 |  | 209

#### 4. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 June 2025 | 1,365,422 |  | 1,365,422
Additions | 1,011,972 |  | 1,011,972
Disposals | ( 825,487) |  | ( 825,487)
Movement in fair value | 302,701 |  | 302,701
At 31 May 2026 | 1,854,608 |  | 1,854,608
Carrying value at 31 May 2026 | 1,854,608 |  | 1,854,608
Carrying value at 31 May 2025 | 1,365,422 |  | 1,365,422

#### 5. Debtors

| 2026 |  | 2025
| £ |  | £
Corporation tax | 19 |  | 19

#### 6. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Shareholder loans (note 8) | 1,284,735 |  | 406,651
Other creditors | 3,600 |  | 404,421
| 1,288,335 |  | 811,072

#### 7. Deferred tax

| 2026 |  | 2025
| £ |  | £
At the beginning of financial year | ( 21,608) |  | ( 16,603)
Charged to the Profit and Loss Account | ( 73,194) |  | ( 5,005)
At the end of financial year | ( 94,802) |  | ( 21,608)

#### 8. Related party transactions

Transactions with owners holding a participating interest in the entity

| 2026 |  | 2025
| £ |  | £
Balance owed to the shareholders | 1,284,735 |  | 406,651

At the year end, the company owed the shareholders £1,284,735 (2025: 406,651). The loan is interest free and repayable on demand.

Transactions with the entity's directors

| 2026 |  | 2025
| £ |  | £
Balance owed to the company's directors | 0 |  | 401,071

At the year end, the company owed the directors £nil (2025: £401,071). The loan is interest free and repayable on demand.