CADENSYS LTD


Directors	KALCK, Jean-Baptiste
	NIKAJ, Marsel


Registered Address	128 City Road
	London
	EC1V 2NX


Registered Number	16171356 (England and Wales)

Balance Sheet as at
31 January 2026

	Notes	2026
		£	£
Fixed assets
Tangible assets	4		19,311
Investments	5		1,396,005
			1,415,316
Current assets
Debtors	6	253,753
Cash at bank and on hand		1,015,539
		1,269,292
Creditors amounts falling due within one year	7	(183,682)
Net current assets (liabilities)			1,085,610
Total assets less current liabilities			2,500,926
Net assets			2,500,926
Capital and reserves
Called up share capital			3
Share premium			3,918,962
Other reserves			195,677
Profit and loss account			(1,613,716)
Shareholders' funds			2,500,926

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 8 July 2026, and are signed on its behalf by:

KALCK, Jean-Baptiste
Director
Registered Company No. 16171356

CADENSYS LTD

Notes to the Financial Statements
for the period ended 31 January 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The financial statements have been prepared on a going concern basis. The directors consider this basis appropriate as the Company has sufficient cash available to continue to trade for at least 12 months from the date these financial statements are authorised for issue.

	Defined contribution pension plan
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

	Share-based payments
	The share-based payment has been accounted for as an equity-settled transaction in accordance with FRS 102 Section 26. The fair value of the options at the grant date is recognised as an expense over the vesting period, with a corresponding credit to equity.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	3

	Investments
	Fixed asset investments comprise short-term deposits, bonds and other liquid investments which are readily convertible to known amounts of cash. These investments are measured at fair value, with changes in fair value and interest being recognised in the profit and loss account as they arise. Where fair value cannot be measured reliably, such investments are carried at cost less any accumulated impairment losses. These investments are held for cash-management purposes and are expected to mature within twelve months of the balance sheet date.

Investments

Fixed asset investments comprise short-term deposits, bonds and other liquid investments which are readily convertible to known amounts of cash.

These investments are measured at fair value, with changes in fair value and interest being recognised in the profit and loss account as they arise. Where fair value cannot be measured reliably, such investments are carried at cost less any accumulated impairment losses.

These investments are held for cash-management purposes and are expected to mature within twelve months of the balance sheet date.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

2.	Average number of employees


		2026
	Average number of employees during the year	5

3.	Further information regarding the company's income
	These financial statements have been prepared for the period from the date of incorporation on 8 January 2025 to 31 January 2026. This represents the Company’s first set of financial statements since incorporation.

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
Additions	23,166	23,166
At 31 January 26	23,166	23,166
Depreciation and impairment
Charge for year	3,855	3,855
At 31 January 26	3,855	3,855
Net book value
At 31 January 26	19,311	19,311
At 07 January 25	-	-

5.	Fixed asset investments
	Fixed asset investments comprise short-term deposits, bonds and other liquid investments which are readily convertible to known amounts of cash. These investments are held at fair value. The Directors have reviewed the carrying value of the investments and confirm that there are no indicators of impairment as at the balance sheet date. Accordingly, no impairment charge has been recognised in the period. The historical cost of the investments is £1,361,829.

Fixed asset investments

Fixed asset investments comprise short-term deposits, bonds and other liquid investments which are readily convertible to known amounts of cash. These investments are held at fair value.

The Directors have reviewed the carrying value of the investments and confirm that there are no indicators of impairment as at the balance sheet date. Accordingly, no impairment charge has been recognised in the period. The historical cost of the investments is £1,361,829.

	Other investments¹	Total
	£	£
Cost or valuation
Additions	5,323,406	5,323,406
Revaluations	54,635	54,635
Disposals	(3,982,036)	(3,982,036)
At 31 January 26	1,396,005	1,396,005
Net book value
At 31 January 26	1,396,005	1,396,005

	Notes
	¹Other investments other than loans

6.	Debtors: amounts due within one year

		2026
		£
	Other debtors	250,154
	Prepayments and accrued income	3,599
	Total	253,753

7.	Creditors: amounts due within one year

		2026
		£
	Trade creditors / trade payables	4,512
	Bank borrowings and overdrafts	52,218
	Taxation and social security	108,569
	Other creditors	4,482
	Accrued liabilities and deferred income	13,901
	Total	183,682


	At the balance sheet date, the Company owed £593 to a Director and this amount is included within other creditors. This loan is unsecured, interest free and repayable on demand.

8.	Operating lease commitments
	At the balance sheet date, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £19,847 being due within one year.

9.	Further information regarding the company's financial position
	During the period, the company established an equity-settled share option scheme to incentivise key employees and consultants. Under the plan, 214,262 options were granted over 4 years with an exercise price of £0.000001. The fair value of the options have been valued at £6.726718 based on the March 2025 funding round. The value of the options that vested in the year was £195,677 and this was charged to the profit and loss account as an expense. 25,884 options were forfeited during the period and no options were exercised or expired during the period. The total carrying amount is £195,677 has been recognised in Other Reserves. The total number of shares options outstanding at the year end is 188,378.

Further information regarding the company's financial position

During the period, the company established an equity-settled share option scheme to incentivise key employees and consultants.

Under the plan, 214,262 options were granted over 4 years with an exercise price of £0.000001. The fair value of the options have been valued at £6.726718 based on the March 2025 funding round.  

The value of the options that vested in the year was £195,677 and this was charged to the profit and loss account as an expense. 25,884 options were forfeited during the period and no options were exercised or expired during the period. The total carrying amount is £195,677 has been recognised in
Other Reserves. 

The total number of shares options outstanding at the year end is 188,378.