FALCON PURCHASING SERVICES LIMITED

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

FALCON PURCHASING SERVICES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 03307467 . The registered office is 5th Floor 36 Dover Street, London , England, W1S 4NH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in USD.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis. The directors believe the company will continue to operate and meet its obligations as they fall due for at least the next 12 months.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	over period of lease
Plant & Machinery	5 years straight line
Motor Vehicles	5 years straight line
Fixtures & Fittings	5 years straight line
Computer Equipment	5 years straight line

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.

...CONTINUED

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FALCON PURCHASING SERVICES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Computer Equipment	Total
	$	$	$	$
Cost
As at 1 January 2025	38,541	6,274	646	45,461

As at 31 December 2025	38,541	6,274	646	45,461

Depreciation
As at 1 January 2025	38,541	6,175	80	44,796
Provided during the period	-	32	215	247

As at 31 December 2025	38,541	6,207	295	45,043

Net Book Value
As at 31 December 2025	-	67	351	418

As at 1 January 2025	-	99	566	665

5. Debtors

	2025	2024
	$	$
Due within one year
Trade debtors	42,000	-
Prepayments and accrued income	11,002	1,259
VAT	15,136	5,731
Other taxes and social security	-	58,023

	68,138	65,013

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FALCON PURCHASING SERVICES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	$	$
Trade creditors	-	6,408
Other taxes and social security	55,058	-
Pension	1,153	1,055
Accruals and deferred income	11,794	8,500

	68,005	15,963

7. Share Capital

	2025	2024
	$	$
Allotted, Called up and fully paid	3,040,771	1,701,301

Additional notes regarding share capital

The company's total number of shares as at 31 December 2025 was £2,350,000 shares at £1 per share ($3,040,771).

8. Related Party Transactions

During the year the following related party transaction took place

Dogan Online Limited, related by similar shareholders Shared offices was $84,832.50 (2024 $50,248.87)

In 2025, the Company entered into advisory services agreements with related parties under which strategic and financial advisory services were provided. The agreements were conducted on an arm’s-length basis. The total fees charged to related parties during the year amounted to USD 280,500.

9. Audit Information

The auditor's report on the accounts of FALCON PURCHASING SERVICES LIMITED for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Paul Mattei (Senior Statutory Auditor) for and on behalf of Leaman Mattei Limited , Statutory Auditor.

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		2025		2024
	Notes	$	$	$	$
FIXED ASSETS
Tangible Assets	4		418		665

			418		665
CURRENT ASSETS
Debtors	5	68,138		65,013
Cash at bank and in hand		273,133		477,795

		341,271		542,808
Creditors: Amounts Falling Due Within One Year	6	(68,005 )		(15,963 )

NET CURRENT ASSETS (LIABILITIES)			273,266		526,845

TOTAL ASSETS LESS CURRENT LIABILITIES			273,684		527,510

NET ASSETS			273,684		527,510

CAPITAL AND RESERVES
Called up share capital	7		3,040,771		1,701,301
Profit and Loss Account			(2,767,087 )		(1,173,791 )

SHAREHOLDERS' FUNDS			273,684		527,510