REGISTERED NUMBER: 07307801 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Martello Risk Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Fithen

A Yearsley

J C Murray

REGISTERED OFFICE:

Rye Island

Hollands Lane

Henfield

BN5 9QY

REGISTERED NUMBER:

07307801 (England and Wales)

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

58

86

58

86

CURRENT ASSETS

Debtors

6

42,613

46,057

CREDITORS

Amounts falling due within one year

7

101,268

108,056

NET CURRENT LIABILITIES

(58,655

)

(61,999

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(58,597

)

(61,913

)

CREDITORS

Amounts falling due after more than one year

8

116,556

118,057

NET LIABILITIES

(175,153

)

(179,970

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(175,253

)

(180,070

)

SHAREHOLDERS' FUNDS

(175,153

)

(179,970

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2026 and were signed on its behalf by:

A Yearsley - Director

1.	STATUTORY INFORMATION

Martello Risk 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The accounts have been prepared on the going concern basis, the acceptability of which is dependent on the continuing support of the directors and creditors.

Turnover

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover is measured at the fair value of consideration received or receivable and represents the amounts receivable for the service, net of discounts and VAT. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value to date, based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance, the amounts are recorded as deferred income and included as part of the creditor due within one year

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of 3 years.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is

provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of

each asset on a straight line basis over its expected useful life, as follows:

Plant and machinery

-33% on reducing balance

Computer Equipment

-33% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset,after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimates can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present

obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 November 2024

and 31 October 2025

5,920

AMORTISATION

At 1 November 2024

and 31 October 2025

5,920

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 November 2024

and 31 October 2025

568

5,284

5,852

DEPRECIATION

At 1 November 2024

482

5,284

5,766

Charge for year

28

-

28

At 31 October 2025

510

5,284

5,794

NET BOOK VALUE

At 31 October 2025

58

-

58

At 31 October 2024

86

-

86

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

2,100

12

Other debtors

40,513

46,045

42,613

46,057

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

19,057

18,204

Trade creditors

441

3,306

Taxation and social security

6,331

9,173

Other creditors

75,439

77,373

101,268

108,056

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Other creditors

116,556

118,057

Other creditors more than one year relates to the investment held by a connected company of Martello Risk Limited.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st October 2025, the company owed the directors £12,913 (2024: £12,473).

11.	RELATED PARTY DISCLOSURES

Transactions with related parties during the year and balances outstanding at the year end were as follows:

Related Party

Transaction type

Transaction in the year ended

Balance receivable/ (payable) to related party at 31.10.25

Balance receivable/ (payable) to related party at 31.10.24

£

£

£

(1) Related party 1

Loan

£2,514 (2024: £2,514)

(£48,438)

(£45,925)

Investment

Nil (2024: Nil)

(£100,000)

(£100,000)

(2) Related party 2

Consultant Fees

£0 (2024: £0)

Nil

Nil

(1) Related party 1 is the parent company of Martello Risk Limited.

(2) Related party 2 are family members of a director.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Berwicks Limited.

The ultimate controlling party is J C Murray.