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Contents

Balance Sheet	3
Statement of Compliance	4
Notes to the Financial Statements	5–8

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Balance Sheet

As at 31 December 2025

	2025 £	2024 £
Fixed assets
Investments	86,992	91,203
	86,992	91,203
Current assets	8,433,286	7,113,097
Creditors: amounts falling due within one year	(2,344,287)	(2,225,186)
Net current assets (liabilities)	6,088,999	4,887,911
Total assets less current liabilities	6,175,991	4,979,114
Total net assets (liabilities)	6,175,991	4,979,114
Capital and reserves
Called up share capital	60	60
Profit and loss account	6,175,931	4,979,054
	6,175,991	4,979,114

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Balance Sheet Continued

For the period ended 31 December 2025 the company was entitled to exemption 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 accounts for the year in question in accordance with section 476 of the Companies Act 2006.
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The accounts were approved by the Board of Directors and authorised for issue on 28 August 2026.

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Notes to the Financial Statements

For the period 1 January 2025 to 31 December 2025

1. Accounting Policies

Turnover

Turnover is recognised when goods are delivered or services are provided.

Taxation

Corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Debtors

Debtors are recognised at the settlement amount due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments.

Creditors

Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event.

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Notes to the Financial Statements (continued)

2. Basis of Preparation

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' and the Companies Act 2006.

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Notes to the Financial Statements (continued)

3. Employee Information

The average number of employees during the period was: 3

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Notes to the Financial Statements (continued)

4. ACCOUNTING POLICIES & BASIS OF ACCOUNTING :

The financial statements ahave been prepared on the historical cost basis.

The company has taken advantage of thr exemption under FRS 1 not to prepare a cash flow forecast in the

grounds that it is a small company.

Turnover represents net invoiced sales of goods and services excluding VAT.

Depreciation is provided after taking account of any grants receivable at the following annual rates in

order to write off each asset over its useful life .

Fixture,Fittings and Equipment (if any)

25%

FOREIGN CURRENCY TRANSLATION

Transactions in foreign currencies are recorded at the rate of exchange ruling at the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated into GBP at the closing rate at the balance

sheet date. Exchange differences arising on translation are recognised in the profit or loss account in the period in which

they arise. For the year ended 31 December 2024:

Income and expenses in foreign currencies were translated using an average exchange rate of £1 = $1.3156.

Assets and liabilities in foreign currencies were translated using the closing rate at 31 December 2024 of £1 = $1.3126.

Non-monetary items measured at historical cost in a foreign currency are translated using the exchange rate at the date

of the transaction.

TURNOVER:

The turnover and profit before taxation is attributable to the principal activity of the company