Rubicon IT Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Rubicon IT Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04947573 . The registered office is 10 Campbell Court, Bramley, Tadley, Hampshire, RG26 5EG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Significant judgements and estimations

The preparation of financial statements in accordance with FRS 102 requires management to make judgements, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. These estimates and underlying assumptions are reviewed on an ongoing basis. Actual results may differ from these estimates.

The key areas where management has applied significant judgement or estimation are as follows:

Stock

Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes directly attributable costs of acquisition or development. The directors review stock values at each reporting date to ensure that the carrying value does not exceed the recoverable amount. This review requires judgement in estimating the expected selling price and the costs required to complete and realise the asset.

Prepayments

Prepayments represent expenditure incurred before the balance sheet date that relates to future accounting periods. The directors apply judgement in determining the appropriate allocation of costs between accounting periods and in assessing whether the future economic benefit associated with such expenditure is likely to be realised.

Accruals

Accruals represent liabilities for goods or services received but not yet invoiced at the reporting date. The directors estimate the value of these obligations based on available information, including contractual terms, historical cost patterns, and discussions with suppliers. These estimates may be adjusted when the final invoices are received.

Current Investment Assets

Current investment assets are measured at fair value or estimated realisable value where market prices are not readily available. Where active market data is not available, the directors use judgement in determining the appropriate valuation based on available financial information, recent transactions, or other relevant market indicators. Changes in valuation assumptions may impact the carrying value of these assets.

2.4. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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Rubicon IT Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.5. 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:

Fixtures & Fittings	25% straight line
Computer Equipment	33% straight line

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.7. 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.

2.8. 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.

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.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.10. Current investment assets

Current investment assets comprise holdings of cryptoassets held for investment purposes. These assets are initially recognised at cost and subsequently measured at fair value at each reporting date.

Fair value is determined by reference to the market value of the cryptoassets as quoted on the digital asset trading platform or portfolio application used by the company at the balance sheet date.

Any gains or losses arising from changes in fair value are recognised in the profit and loss account in the period in which they arise.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 17 (2024: 17)

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Rubicon IT Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 November 2024	38,893	51,467	90,360
Additions	130	1,181	1,311

As at 31 October 2025	39,023	52,648	91,671

Depreciation
As at 1 November 2024	38,893	46,880	85,773
Provided during the period	130	4,911	5,041

As at 31 October 2025	39,023	51,791	90,814

Net Book Value
As at 31 October 2025	-	857	857

As at 1 November 2024	-	4,587	4,587

5. Stocks

	2025	2024
	£	£
Stock	3,349	3,349

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	86,945	117,619
Other debtors	17,729	15,544

	104,674	133,163

7. Current Asset Investments

	2025	2024
	£	£
Unlisted investments	329,943	204,328

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	45,016	78,331
Other creditors	74,934	74,039
Taxation and social security	149,931	97,680

	269,881	250,050

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Rubicon IT Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	900	900

10. Reserves

	Fair Value Reserve
	£
Movements in fair value reserve	149,943

As at 31 October 2025	149,943

11. Ultimate Controlling Party

The company has a number of shareholders and, based on the shareholding structure and voting rights, the directors consider that there is no single ultimate controlling party. No individual shareholder, or group of shareholders acting together, has the ability to exercise control over the company.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		857		4,587

			857		4,587
CURRENT ASSETS
Stocks	5	3,349		3,349
Debtors	6	104,674		133,163
Investments	7	329,943		204,328
Cash at bank and in hand		374,677		311,423

		812,643		652,263
Creditors: Amounts Falling Due Within One Year	8	(269,881 )		(250,050 )

NET CURRENT ASSETS (LIABILITIES)			542,762		402,213

TOTAL ASSETS LESS CURRENT LIABILITIES			543,619		406,800

NET ASSETS			543,619		406,800

CAPITAL AND RESERVES
Called up share capital	9		900		900
Fair value reserve	10		149,943		49,328
Profit and Loss Account			392,776		356,572

SHAREHOLDERS' FUNDS			543,619		406,800

Mr Paul Martin Director	Mr Jeremy Lambert Director
16 July 2026