Company No: 09339658 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

J Levstek

REGISTERED OFFICE	2 Leman Street
	London
	E1W 9US
	United Kingdom

COMPANY NUMBER

09339658 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Kings House
	101-135 Kings Road
	Brentwood
	Essex
	CM14 4DR
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	2,314		2,792
Investments	4	433,851		433,851
		436,165		436,643
Current assets
Debtors	5	825,926		523,420
Cash at bank and in hand		78,271		241,860
		904,197		765,280
Creditors: amounts falling due within one year	6	( 323,172)		( 292,707)
Net current assets		581,025		472,573
Total assets less current liabilities		1,017,190		909,216
Net assets		1,017,190		909,216
Capital and reserves
Called-up share capital		466		466
Share premium account		397,502		397,502
Revaluation reserve		3,009		3,487
Capital redemption reserve		39		39
Profit and loss account		616,174		507,722
Total shareholders' funds		1,017,190		909,216

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.

Director's 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 director acknowledges 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 Adaptive Startup Limited (registered number: 09339658) were approved and authorised for issue by the Director on 01 June 2026. They were signed on its behalf by:

J Levstek 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

Adaptive Startup 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 2 Leman Street, London, E1W 9US, United Kingdom.

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 £.

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 Profit and Loss Account 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.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Intangible assets

Intangible Assets including cryptocurrencies are initially measured at cost and subsequent revaluations going through the statement of other comprehensive income. Cryptocurrencies are not amortised due to their indefinite useful economic life.

Other intangible assets

not amortised

Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the director is 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.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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 estimate 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. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 January 2025	2,792		2,792
Revaluations	( 478)		( 478)
At 31 December 2025	2,314		2,314
Accumulated amortisation
At 01 January 2025	0		0
At 31 December 2025	0		0
Net book value
At 31 December 2025	2,314		2,314
At 31 December 2024	2,792		2,792

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2025	433,851		433,851
At 31 December 2025	433,851		433,851
Carrying value at 31 December 2025	433,851		433,851
Carrying value at 31 December 2024	433,851		433,851

5. Debtors

	2025		2024
	£		£
Trade debtors	432,669		164,361
Corporation tax	86,539		77,995
Other debtors	306,718		281,064
	825,926		523,420

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	105,230		152,577
Taxation and social security	113,637		107,737
Other creditors	104,305		32,393
	323,172		292,707

7. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Amounts Advanced	45,167		54,887
Amounts Repaid	(19,849)		(62,020)

At the year end balance owing to the company was £241,854. (2024 - £216,537). Interest is charged on loans at the official rate set by HMRC. The loan to the directors are repayable on demand.