REGISTERED NUMBER: 05083080 (England and Wales)

ORIGEN ADVISORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

I C Davis

REGISTERED OFFICE:

Apartment 7 Westlegate

Norwich

NR1 3LJ

REGISTERED NUMBER:

05083080 (England and Wales)

ACCOUNTANTS:

Jones Hunt & Keelings

Chartered Certified Accountants and

Chartered Tax Advisers

Broad House

1 The Broadway

Old Hatfield

Hertfordshire

AL9 5BG

BANKERS:

HSBC UK

18 London Street

Norwich

NR2 1LG

FIXED ASSETS

Tangible assets

4

1,448

388

Investments

5

45,494

26,316

46,942

26,704

CURRENT ASSETS

Debtors

6

197

13

Cash in hand

214,425

76,332

214,622

76,345

CREDITORS

Amounts falling due within one year

7

30,979

2,997

NET CURRENT ASSETS

183,643

73,348

TOTAL ASSETS LESS CURRENT LIABILITIES

230,585

100,052

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

230,485

99,952

SHAREHOLDERS' FUNDS

230,585

100,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2026 and were signed by:

I C Davis - Director

1.	STATUTORY INFORMATION

Origen Advisors 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 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment 33 1/3%

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.

Pension costs

Employer contributions to the Company's defined contribution pension scheme are charged to the Profit and Loss Account for the year in which they are payable to the scheme.

Investments

Investments held for long-term investment purposes are classified as fixed assets and are initially recognised at cost.

Physical gold and silver bullion held for long-term investment purposes is included within fixed asset investments and is stated at market value at the reporting date, based on valuations provided by the bullion dealer with whom the assets are held. Changes in market value are recognised in the Income Statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 July 2025

20,924

Additions

2,082

At 30 June 2026

23,006

DEPRECIATION

At 1 July 2025

20,536

Charge for year

1,022

At 30 June 2026

21,558

NET BOOK VALUE

At 30 June 2026

1,448

At 30 June 2025

388

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 July 2025

26,316

Additions

61,376

Disposals

(26,316

)

Revaluations

(15,882

)

At 30 June 2026

45,494

NET BOOK VALUE

At 30 June 2026

45,494

At 30 June 2025

26,316

Cost or valuation at 30 June 2026 is represented by:

Other

investments

£

Valuation in 2026

(15,882

)

Cost

61,376

45,494

At 1 July 2025, the Company held two unlisted 1% shares in Carbonero Maritime Company ("Carbonero"), a Marshall Islands shipping company. The shares had been acquired during the year ended 30 June 2025 from the director and his spouse at their original cost of US$17,000 per share (£26,316 in total).

At the time of acquisition, it was anticipated that Carbonero would continue to operate its vessel for a further five to ten years before its eventual sale or scrapping. During the year, Carbonero's management recommended the sale of the vessel and the subsequent liquidation of the company, which was approved by the requisite majority of shareholders.

Prior to liquidation, the Company received dividends of £7,411 (2025: £4,434) from Carbonero's operating profits. In January 2026, the Company received an initial liquidation distribution of US$170,000 (£126,545). The resulting gain over the original cost of the investment of £100,229 (2025: £nil) has been recognised in the Income Statement for the year.

Bullion

During the year, the Company acquired gold and silver bullion for long-term investment purposes at a total cost of £61,376 (2025: £nil). The bullion is held in secure vaults with a London bullion dealer. At 30 June 2026, the bullion was valued at £45,494 (2025: £nil), based on the dealer's year-end valuation. The resulting decrease in value of £15,882 has been recognised in the Income Statement.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Prepayments and accrued income

197

13

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

-

537

Tax

27,761

-

Directors' current accounts

1,218

660

Accrued expenses

2,000

1,800

30,979

2,997

8.	RELATED PARTY DISCLOSURES

At 30 June 2026, the Company owed the director £1,218 (2025: £660) in respect of advances made to the Company for working capital purposes. The balance is repayable on demand.

No other material related party transactions occurred during the year.

9.	PENSION SCHEME

The Company has a defined contribution pension arrangement for the director, originally established with Skandia Life and now administered by ReAssure Life Limited. No contributions have been made by the Company to the arrangement since the year ended 30 June 2013.

10.	DIRECTOR'S INTERESTS

In accordance with section 413 of the Companies Act 2006, the director who held office during the year had the following interests in the shares of the company and in related undertakings:

Interest in the shares of the Company - The director owns 75% of the shares of the company.