Company No: 09360214 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	M A Accardi
	A A Amis
	M Bartolo (Appointed 16 February 2026)
	J P Cobb
	M Graziosi (Resigned 19 December 2025)
	D E Kleyn

Registered office	2nd Floor 168 Shoreditch High Street
	London
	E1 6RA
	United Kingdom

Company number

09360214 (England and Wales)

Accountant	Kreston Reeves LLP
	Suite 2
	Orchard House
	Orchard Street
	Canterbury
	Kent
	CT2 8AR

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Orthonika Limited for the financial year ended 31 December 2025 which comprise the Balance Sheet and the related notes 1 to 12 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

This report is made solely to the Board of Directors of Orthonika Limited, as a body, in accordance with the terms of our engagement letter dated 26 February 2026. Our work has been undertaken solely to prepare for your approval the financial statements of Orthonika Limited and state those matters that we have agreed to state to the Board of Directors of Orthonika Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Orthonika Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Orthonika Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Orthonika Limited. You consider that Orthonika Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Orthonika Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kreston Reeves LLP

Suite 2
Orchard House
Orchard Street
Canterbury
Kent
CT2 8AR

11 August 2026

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	10,000		0
Tangible assets	4	4,062		7,550
		14,062		7,550
Current assets
Debtors	5	244,582		94,826
Cash at bank and in hand		20,514		95,826
		265,096		190,652
Creditors: amounts falling due within one year	6	( 349,096)		( 29,534)
Net current (liabilities)/assets		(84,000)		161,118
Total assets less current liabilities		(69,938)		168,668
Net (liabilities)/assets		( 69,938)		168,668
Capital and reserves
Called-up share capital	7	2,374		2,360
Share premium account	11	2,976,872		2,926,781
Profit and loss account		( 3,049,184 )		( 2,760,473 )
Total shareholders' (deficit)/funds		( 69,938)		168,668

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Orthonika Limited (registered number: 09360214) were approved and authorised for issue by the Board of Directors on 10 August 2026. They were signed on its behalf by:

D E Kleyn Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Orthonika Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor 168 Shoreditch High Street, London, United Kingdom, E1 6RA.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest pound.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs

not amortised

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment

4 years straight line

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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 assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	7		7

3. Intangible assets

	Website costs		Total
	£		£
Cost
At 01 January 2025	0		0
Additions	10,000		10,000
At 31 December 2025	10,000		10,000
Accumulated amortisation
At 01 January 2025	0		0
At 31 December 2025	0		0
Net book value
At 31 December 2025	10,000		10,000
At 31 December 2024	0		0

4. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 January 2025	15,612		15,612
Additions	433		433
At 31 December 2025	16,045		16,045
Accumulated depreciation
At 01 January 2025	8,062		8,062
Charge for the financial year	3,921		3,921
At 31 December 2025	11,983		11,983
Net book value
At 31 December 2025	4,062		4,062
At 31 December 2024	7,550		7,550

5. Debtors

	2025		2024
	£		£
Prepayments and accrued income	74,452		30,307
VAT recoverable	13,551		6,827
Other debtors	156,579		57,692
	244,582		94,826

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	287,368		25,075
Amounts owed to directors	24,003		0
Accruals	35,917		3,025
Other taxation and social security	828		0
Other creditors	980		1,434
	349,096		29,534

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
237,405 Ordinary shares of £ 0.01 each (2024: 235,965 shares of £ 0.01 each)	2,374		2,360

1,440 Ordinary shares were issued during the year, with a nominal value of £0.01 each.

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
Within one year	30,215		0
Between one and five years	8,640		0
Total future minimum lease payments under non-cancellable operating leases	38,855		0

9. Related party transactions

During the year, the company entered into transactions with its directors. At the balance sheet date, the amount owing to the directors in respect of the director’s loan account was £24,003 (2024: £Nil).

The loan is unsecured, interest-free and has no fixed terms of repayment.

10. Events after the Balance Sheet date

After the reporting date, the company issued 6,779 Ordinary shares of £0.01 each for a total consideration of £248,228.

This transaction represents a non-adjusting event under FRS102 Section 32, as it relates to conditions arising after the period end and therefore has not been reflected in the financial statements for the year ended 31 December 2025.

11. Reserves

Share premium

The share premium reserve records the amount above nominal value received for the shares issued by the company. Share premium may only be utilised to write-off any expenses incurred or commissions paid on the issue of those shares, or to pay up new shares to be allotted to members as fully paid bonus shares.

Profit and loss account

The profit and loss reserve comprises all current and prior period retained profits and losses after deducting any distributions made to the Company's shareholders.

12. Ultimate controlling party

The directors consider there to be no ultimate controlling party.