REGISTERED NUMBER: 11166706 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ATHARUS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L Somanathan

J Sundaralingam

A S Somanathan

A P Somanathan

S A Somanathan

REGISTERED OFFICE:

102 Burdon Lane

Cheam

Sutton

SM2 7DA

REGISTERED NUMBER:

11166706 (England and Wales)

SENIOR STATUTORY AUDITOR:

Lee Daley FCA FCCA

AUDITORS:

THP Limited

Chartered Accountants

and Statutory Auditors

Unit 4 Mulgrave Chambers

26-28 Mulgrave Road

Sutton

Surrey

SM2 6LE

FIXED ASSETS

Tangible assets

4

6,817

6,169

CURRENT ASSETS

Debtors

5

36,388

-

Investments

6

892,381

1,132,892

Cash at bank

6

106

928,775

1,132,998

CREDITORS

Amounts falling due within one year

7

1,123,539

910,479

NET CURRENT (LIABILITIES)/ASSETS

(194,764

)

222,519

TOTAL ASSETS LESS CURRENT LIABILITIES

(187,947

)

228,688

PROVISIONS FOR LIABILITIES

9

1,704

1,542

NET (LIABILITIES)/ASSETS

(189,651

)

227,146

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(190,651

)

226,146

(189,651

)

227,146

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 Board of Directors and authorised for issue on 4 September 2026 and were signed on its behalf by:

L Somanathan - Director

1.	STATUTORY INFORMATION

Atharus Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The Directors have considered the application of the going concern basis of accounting and have assessed the expected future financial performance of the entity from the date of this report to 30 September 2027.. The Directors believe that the financial support provided by its stakeholders will enable the Company to continue its operations and settle its obligations in the normal course of business.

The Company continues to meet its day to day working capital requirements through operating cash flows and finances via the various support being currently provided to it as indicated above.

Having considered all the relevant facts the directors consider it is appropriate to prepare the financial statements on a going concern basis.

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

-

Straight line over 3 years

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS102 in respect of financial instruments.

(i) Financial assets

Basic financial assets are initially recognised at transaction value and are subsequently carried at this value less any provision for impairment.

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price.

Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to and unrelated third party without imposing additional restrictions.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2025

8,159

Additions

5,053

At 31 December 2025

13,212

DEPRECIATION

At 1 January 2025

1,990

Charge for year

4,405

At 31 December 2025

6,395

NET BOOK VALUE

At 31 December 2025

6,817

At 31 December 2024

6,169

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2,282

-

Corporation tax recoverable

34,106

-

36,388

-

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Financial instrument

892,381

1,132,892

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Corporation tax

-

34,106

Social security and other taxes

-

2,090

Directors' current accounts

1,119,339

870,283

Accrued expenses

4,200

4,000

1,123,539

910,479

8.	FINANCIAL INSTRUMENTS

2024

2023

£

£

Financial assets measured at fair value through profit and loss

Financial instrument

1,132,892

623,205

The fair value of financial instruments has been established using the closing equity quoted price for those assets held within a portfolio at the reporting date.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

1,704

1,542

Deferred

tax

£

Balance at 1 January 2025

1,542

Provided during year

162

Balance at 31 December 2025

1,704

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lee Daley FCA FCCA (Senior Statutory Auditor)

for and on behalf of THP Limited

11.	RELATED PARTY DISCLOSURES

At the year end certain of the directors' were owed £1,119,339 (2024 : £870,283) by the company. The loans are interest free and carry no fixed terms of repayment.

12.	ULTIMATE CONTROLLING PARTY

L Somanathan has control though his shareholding and by controlling the day-to-day operations of the company.