Aviel Technologies Limited

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

Registered number: 16040894

		2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		819

			819
CURRENT ASSETS
Debtors	5	24,886
Cash at bank and in hand		318,401

		343,287
Creditors: Amounts Falling Due Within One Year	6	(29,409 )

NET CURRENT ASSETS (LIABILITIES)			313,878

TOTAL ASSETS LESS CURRENT LIABILITIES			314,697

NET ASSETS			314,697

CAPITAL AND RESERVES
Called up share capital	7		6
Share premium account			612,403
Other reserves			123,058
Profit and Loss Account			(420,770 )

SHAREHOLDERS' FUNDS			314,697

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Aviel Technologies Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit 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 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.

On behalf of the board

Mr Joseph Tallett

Director

23 July 2026

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

1. General Information

Aviel Technologies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 16040894 . The registered office is 128 City Road, London, EC1V 2NX.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2. Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3. 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

3 years, straight line

2.4. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price including transaction costs.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.

2.5. Taxation

Tax is recognised in profit or loss except that a charge is attributable to an item of income and expense recognised as other comphrehensive income or to an item recognised directly in equity is also recognised in other comphrehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.6. 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.

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Aviel Technologies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.7. Share Based Payments

The company operates an equity-settled, share-based compensation plan, under which the entity received services from employees as consideration for equity instruments (options) of the entity. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The estimated fair value of the option granted is calculated using the Black Scholes option pricing model. The total amount expensed is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.

The proceeds received net of any directly attributable transaction costs are credited to share capital (nominal value) and share premium when the options are exercised.

2.8. 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 shall be 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 useful economic lives.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 25 October 2024	-
Additions	936

As at 31 October 2025	936

Depreciation
As at 25 October 2024	-
Provided during the period	117

As at 31 October 2025	117

Net Book Value
As at 31 October 2025	819

As at 25 October 2024	-

5. Debtors

	2025
	£
Due within one year
Trade debtors	6,000
Prepayments and accrued income	2,342
Corporation tax recoverable assets	13,217
VAT	3,327

	24,886

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Aviel Technologies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

6. Creditors: Amounts Falling Due Within One Year

	2025
	£
Trade creditors	5,820
Other taxes and social security	11,617
Other creditors	2,036
Accruals and deferred income	3,520
Directors' loan accounts	6,416

	29,409

7. Share Capital

	2025
Allotted, called up and fully paid	£
458,000 Ordinary Shares of £ 0.00001 each	5
92,591 Ordinary A shares of £ 0.00001 each	1

	6


Shares issued during the period:	£
458,000 Ordinary Shares of £ 0.00001 each	5
92,591 Ordinary A shares of £ 0.00001 each	1

	6

On Incorporation, 25th October 2024, 458 Ordinary shares of £0.01 were allotted and fully paid at a price of £0.01 per share.

On 11th March 2025 the shares were subdivided from 458 shares of £0.01 each to 45,800 shares of £0.0001 each. On 19th March 2025 there was a further subdivision of the shares from 45,800 shares of £0.0001 each to 458,000 shares of £0.00001 each.

Within April 2025 the following shares were issued:

- 1,930 A Ordinary shares of £0.00001 each at a fully paid price of £6.61 per share

- 35,845 A Ordinary shares of £0.00001 each at a fully paid price of £6.61 per share

- 10,246 A Ordinary shares of £0.00001 each at a fully paid price of £6.61 per share

- 3,781 A Ordinary shares of £0.00001 each at a fully paid price of £6.61 per share

- 3,025 A Ordinary shares of £0.00001 each at a fully paid price of £6.61 per share

On 23rd June 2025, 37,764 A Ordinary shares of £0.00001 each were allotted and fully paid at a price of £6.62 per share.

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