Company No: 13714418 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	31.12.2025		30.11.2024
		£		£
Fixed assets
Intangible assets	3	468,107		276,780
		468,107		276,780
Current assets
Debtors	4	37,148		46,120
Cash at bank and in hand		182,487		196,458
		219,635		242,578
Creditors: amounts falling due within one year	5	( 66,196)		( 51,092)
Net current assets		153,439		191,486
Total assets less current liabilities		621,546		468,266
Net assets		621,546		468,266
Capital and reserves
Called-up share capital	6	270		241
Share premium account		984,845		679,913
Capital redemption reserve		9		9
Profit and loss account		( 363,578 )		( 211,897 )
Total shareholders' funds		621,546		468,266

For the financial period 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 period 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 Profit and Loss Account has not been delivered.

The financial statements of Talamo Limited (registered number: 13714418) were approved and authorised for issue by the Board of Directors on 03 August 2026. They were signed on its behalf by:

James Guy Wace Director

1. Accounting policies

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

General information and basis of accounting

Talamo 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 3 Buckland House, William Prance Road, Plymouth, PL6 5WR, United Kingdom. The business address of the Company is 1010 Fladgate House, 4 Circus Road West, Battersea Power Station, London, SW11 8EX.

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 £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The reporting period length for the prior period was been extended to 13 months at the decision of the directors. Therefore, the 2024 comparative amounts presented in the financial statements (excluding the related notes) are not entirely comparable.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

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 Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Development costs are not amortised until the project is complete and brought into use. 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:

Development costs

10 years straight line

Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. This period is between three and five years. Provision is made for any impairment. Amortisation is not applied until the project is complete and brought into use.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	Period from 01.12.2024 to 31.12.2025		Year ended 30.11.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	4		3

3. Intangible assets

	Development costs		Total
	£		£
Cost
At 01 December 2024	295,453		295,453
Additions	223,334		223,334
At 31 December 2025	518,787		518,787
Accumulated amortisation
At 01 December 2024	18,673		18,673
Charge for the financial period	32,007		32,007
At 31 December 2025	50,680		50,680
Net book value
At 31 December 2025	468,107		468,107
At 30 November 2024	276,780		276,780

4. Debtors

	31.12.2025		30.11.2024
	£		£
Trade debtors	33,629		2,205
VAT recoverable	3,513		43,903
Other debtors	6		12
	37,148		46,120

5. Creditors: amounts falling due within one year

	31.12.2025		30.11.2024
	£		£
Trade creditors	16,380		464
Amounts owed to directors	36,665		38,465
Accruals	3,340		3,300
Taxation and social security	9,290		6,297
Other creditors	521		2,566
	66,196		51,092

6. Called-up share capital

	31.12.2025		30.11.2024
	£		£
Allotted, called-up and fully-paid
26,999 Ordinary A shares of £ 0.01 each (30.11.2024: 22,285 shares of £ 0.01 each)	269.99		222.85
Nil Ordinary B shares (30.11.2024: 1 share of £ 0.01 )	0		0.01
Nil Ordinary C shares (30.11.2024: 1,785 shares of £ 0.01 each)	0		17.85
	269.99		240.71

During the year, the Company undertook a redesignation of shares, whereby all B ordinary shares and C ordinary shares were redesignated as A ordinary shares. The redesignation did not result in any change to the total number of shares in issue or the total nominal value of the Company’s issued share capital.

7. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	31.12.2025		30.11.2024
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	0		452

8. Related party transactions

Transactions with the entity's directors

	31.12.2025		30.11.2024
	£		£
Amounts owed to directors	36,665		38,465