Martheart Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08523865

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1		1
Tangible Assets	5		1,941		3,000
Investments	6		90,877		10,052

			92,819		13,053
CURRENT ASSETS
Debtors	7	-		357,524
Cash at bank and in hand		1,749		24,884

		1,749		382,408
Creditors: Amounts Falling Due Within One Year	8	(245,441 )		(473,680 )

NET CURRENT ASSETS (LIABILITIES)			(243,692 )		(91,272 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(150,873 )		(78,219 )

Creditors: Amounts Falling Due After More Than One Year	9		-		(5,834 )

NET LIABILITIES			(150,873 )		(84,053 )

CAPITAL AND RESERVES
Called up share capital	10		5,004		5,004
Share premium account			872,085		872,085
Capital redemption reserve			5,000		5,000
Profit and Loss Account			(1,032,962 )		(966,142 )

SHAREHOLDERS' FUNDS			(150,873)		(84,053)

Page 1

Page 2

Martheart Limited

Balance Sheet (continued)

As At 31 December 2025

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 13 July 2026 and were signed on its behalf by:

Mr Stephane Henri Desire Eyraud

Director

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Martheart Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08523865 . The registered office is 4th Floor, Silverstream House, 45 Fitzroy Street, Fitzrovia, London, W1T 6EB.

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. 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.

2.3. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic lives, which range from 3 to 6 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

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:

Computer Equipment

33% Straightline

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.

3. Average Number of Employees

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

Page 3

Page 4

Martheart Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 January 2025	9,557,031

As at 31 December 2025	9,557,031

Amortisation
As at 1 January 2025	9,557,030

As at 31 December 2025	9,557,030

Net Book Value
As at 31 December 2025	1

As at 1 January 2025	1

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2025	3,177

As at 31 December 2025	3,177

Depreciation
As at 1 January 2025	177
Provided during the period	1,059

As at 31 December 2025	1,236

Net Book Value
As at 31 December 2025	1,941

As at 1 January 2025	3,000

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2025	12,433
Additions	90,864
Disposals	(10,024 )

As at 31 December 2025	93,273

Provision
As at 1 January 2025	2,381
Impairment losses	15

As at 31 December 2025	2,396

...CONTINUED

Page 4

Page 5

Martheart Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	90,877

As at 1 January 2025	10,052

7. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	-	357,524

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	333
Bank loans and overdrafts	-	10,001
Other taxes and social security	-	1,696
VAT	2,425	3,115
Accruals and deferred income	396	2,750
Director's loan account	242,620	455,785

	245,441	473,680

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	5,834

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	5,004	5,004

Page 5