System7 Ventures Limited

System7 Ventures Limited
Contents Page
For the Period 06 August 2024 to 31 January 2026

Company Information	1
Director's Report	2
Income Statement	3
Statement of Financial Position	4
Statement of Changes in Equity	5
Notes to the Financial Statements	6

System7 Ventures Limited
Company Information
For the Period 06 August 2024 to 31 January 2026

Director	Nicolas Jon BAXTER
Registered Number	15881148
Registered Office	21 Arlington Street London England SW1A 1RN

1

System7 Ventures Limited
Director's Report
For the Period 06 August 2024 to 31 January 2026

Director's report and financial statements

The director presents his/her/their annual report and the financial statements for the year ended 31 January 2026.

Principal activities

Principal activity of the Company during the financial period was of the development of artificial intelligence technologies and the provision of related consulting services

Director

The director who served the company throughout the period was as follows:

Nicolas Jon BAXTER

Statement of director's responsibilities

The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the profit or loss of the Company for that period.

In preparing these financial statements, the director is required to :

select suitable accounting policies and then apply them consistently
make judgements and accounting estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Companys transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the Company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.

----------------------------------
Nicolas Jon BAXTER
Director

Date approved: 05 August 2026

2

System7 Ventures Limited
Income Statement
For the Period 06 August 2024 to 31 January 2026

	Notes	2026 £
Turnover		235,789
Cost of sales		(58,432)
Gross profit		177,357
Administrative expenses		(177,697)
Operating loss		(340)
Profit/(Loss) on ordinary activities before taxation		(340)
Tax on profit on ordinary activities		-
Profit/(Loss) for the financial period		(340)

3

System7 Ventures Limited
Statement of Financial Position
As at 31 January 2026

	Notes	2026 £
Current assets
Debtors	3	34,533
Cash at bank and in hand		57,246
		91,779
Creditors: amount falling due within one year	4	(19,639)
Net current assets		72,140

Total assets less current liabilities		72,140
Creditors: amount falling due after more than one year	5	(103,800)
Net assets		(31,660)

Capital and reserves
Called up share capital		100
Share Premium Account	6	19,951
Profit and loss account		(51,711)
Shareholders' funds		(31,660)

For the period ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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 financial statements were approved by the director on 05 August 2026 and were signed by:

-------------------------------
Nicolas Jon BAXTER
Director

4

System7 Ventures Limited
Statement of Changes in Equity
For the Period 06 August 2024 to 31 January 2026

	Equity share capital	Equity share premium	Revaluation reserve	Capital redemption reserve	Retained Earnings	Total
	£	£	£	£	£	£
At 06 August 2024						-
Profit/(Loss) for the period					(340)	(340)
Total comprehensive income for the period	-	-	-	-	(340)	(340)
Shares issued	100					100
Reduction of Share Capital					(51,371)	(51,371)
Share Premium - new issue		19,951				19,951
Total investments by and distributions to owners	100	19,951	-	-	(51,371)	(31,320)
At 31 January 2026	100	19,951			(51,711)	(31,660)

5

System7 Ventures Limited
Notes to the Financial Statements
For the Period 06 August 2024 to 31 January 2026

General Information

System7 Ventures Limited is a private company, limited by shares, registered in , registration number 15881148, registration address 21 Arlington Street, London, England, SW1A 1RN.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

2.	Average number of employees Average number of employees during the period was 1.

3.

Debtors: amounts falling due within one year

	2026 £
Trade Debtors	27,450
PAYE & Social Security	7,083
	34,533

4.

Creditors: amount falling due within one year

	2026 £
NIC Payable	7,944
Student Loan Deductions Payable	1,652
Accrued Expenses	6,000
Other Creditors	(1)
VAT	4,044
	19,639

5.

Creditors: amount falling due after more than one year

	2026 £
Intercompany Loan	103,800
	103,800

6.

Share Premium Account

	2026 £
Equity Share Premium - New Issue	19,951
	19,951

7.

Profit and Loss Account

		Current £
Current Year Earnings		(340)
Reduction of Share Capital		(51,371)
Closing Balance		(51,711)

Included within the movement presented as "Reduction of share capital" is a distribution of £51,371 to the former shareholders. Although the payment was made following completion of the acquisition, it has been recognised as a direct movement in retained earnings in accordance with the agreed accounting treatment.

6

Registered Number: 15881148

SYSTEM7 VENTURES LIMITED

Unaudited Financial Statements

Period of accounts Start date: 06 August 2024 End date: 31 January 2026