REGISTERED NUMBER: 02844824 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

ARGUS VICKERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms F Dorsey

Ms S Dorsey Wagoner

Ms S Baldry

Mr J M Eade

SECRETARY:

Ms S Dorsey Wagoner

REGISTERED OFFICE:

8 City Road

London

EC1Y 2AA

REGISTERED NUMBER:

02844824 (England and Wales)

SENIOR STATUTORY AUDITOR:

Gary J Cansick

AUDITORS:

Gary J Cansick & Co

Chartered Accountants & Statutory Auditors

Janelle House

Janelle House

6 Hartham Lane

Hertford

Hertfordshire

SG14 1QN

FIXED ASSETS

Tangible assets

4

50,233

1,192

CURRENT ASSETS

Debtors

5

134,577

196,525

Cash at bank and in hand

66,887

72,517

201,464

269,042

CREDITORS

Amounts falling due within one year

6

540,518

399,227

NET CURRENT LIABILITIES

(339,054

)

(130,185

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(288,821

)

(128,993

)

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

(289,821

)

(129,993

)

SHAREHOLDERS' FUNDS

(288,821

)

(128,993

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 3 February 2026 and were signed on its behalf by:

Ms S Baldry - Director

Ms F Dorsey - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Although some uncertainty must exist regarding going concern due to recent losses, the directors feel that there is no material uncertainty due to the following reasons;

- earlier years demonstration of profits, and the forecasted return to this position;

- the existence of a solid, high quality and long-established client base,

- the company's forecasted return to profitability in the short term.

Creditors contain deferred income of £118,363, which will never be repaid assuming the contracts are fulfilled, and there is no reason to suggest this will not be the case. The deferred income, along with the sum due to the parent, which has pledged its ongoing support, accounts for 97% of the deficit.

The position at the balance sheet date suggests that the company remains reliant on the continued support of it's holding company, The Argus Research Group Inc., and this support remains secure. Management believe that the future performance of the company will see it become self sufficient in the short to medium term.

On the basis of these points it is appropriate that the financial statements are drawn up on a going concern basis.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty

During the year material accounting judgements were made surrounding deferred income. This was based on revenue recognition compared to when the revenue had been invoiced.

Staff holiday is accrued using judgement based on the employees current rates of pay on a daily basis.

Other judgment included accruals and prepayments with regard to general expenditure.

Turnover

Turnover represents services, recognised once they have been provided, excluding any value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold improvements

-

in accordance with the property

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities.

Financial Assets

Basic financial assets, including trade and other debtors, prepayments, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial Liabilities

Basic financial liabilities, including trade and other creditors, accruals, and amounts due to related companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Deferred income

Income received for annual subscription services is credited to the profit and loss account when earned. That portion of the income received in advance is credited to the balance sheet and treated as deferred income.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Short

Fixtures

leasehold

and

Computer

improvements

fittings

equipment

Totals

£

£

£

£

COST

At 1 November 2024

12,789

5,664

47,708

66,161

Additions

-

-

66,156

66,156

At 31 October 2025

12,789

5,664

113,864

132,317

DEPRECIATION

At 1 November 2024

12,789

5,265

46,915

64,969

Charge for year

-

101

17,014

17,115

At 31 October 2025

12,789

5,366

63,929

82,084

NET BOOK VALUE

At 31 October 2025

-

298

49,935

50,233

At 31 October 2024

-

399

793

1,192

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

45,860

93,771

Other debtors

88,717

102,754

134,577

196,525

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade creditors

102,029

59,238

Amounts owed to group undertakings

162,095

85,623

Taxation and social security

101,897

100,970

Other creditors

174,497

153,396

540,518

399,227

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.10.25

31.10.24

£

£

Between one and five years

127,450

206,430

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

1,000

Ordinary Shares

£1

1,000

1,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gary J Cansick (Senior Statutory Auditor)

for and on behalf of Gary J Cansick & Co

10.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The Argus Research Group Inc, a company incorporated in the United States of America, by virtue of its ownership of 100% of the issued ordinary share capital.

The Argus Research Group Inc. Registered office; 61 Broadway, 19th Floor, New York, NY 10006, United States.