| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 May 2026 |
| for |
| Serendipity AI Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 May 2026 |
| for |
| Serendipity AI Limited |
| Serendipity AI Limited (Registered number: 10750630) |
| Contents of the Financial Statements |
| for the Year Ended 31 May 2026 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Serendipity AI Limited |
| Company Information |
| for the Year Ended 31 May 2026 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1st Floor |
| One Suffolk Way |
| Sevenoaks |
| Kent |
| TN13 1YL |
| Serendipity AI Limited (Registered number: 10750630) |
| Balance Sheet |
| 31 May 2026 |
| 2026 | 2025 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Share premium | 9 |
| Other reserve | 9 |
| Share based payments | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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 were approved by the Board of Directors and authorised for issue on |
| Serendipity AI Limited (Registered number: 10750630) |
| Notes to the Financial Statements |
| for the Year Ended 31 May 2026 |
| 1. | STATUTORY INFORMATION |
| Serendipity AI Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts are prepared on a going concern basis as in the opinion of the directors the company has sufficient finance available to it to meet its obligations as they fall due for the foreseeable future, that is at least 12 months from the date of approval of the accounts. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Significant judgements and estimates |
| In the application of the company's accounting policies the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The company does not make significant estimates and assumptions concerning the future. |
| Turnover |
| Revenue is recognised to the extent that it is probable economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured at fair value of the consideration received or receivable excluding discounts, rebates, value added tax and other sales taxes. |
| Revenue from a contract to provide services is recognised in the period in which the services are provided. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
| less any accumulated amortisation and any accumulated impairment losses. |
| Patents and licences are being amortised evenly over their estimated useful life of five years. |
| Website costs are being amortised evenly over their estimated useful life of five years. |
| Bitcoin holdings are revalued at each year end with movements being recognised as an unrealised gain/loss within reserves, until the point of sale. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Financial instruments |
| Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss. |
| Serendipity AI Limited (Registered number: 10750630) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2026 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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. |
| Share based payments |
| The company is recognising the fair value of options vested during the year in review. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Patents |
| and | Website |
| licences | costs | Bitcoin | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 June 2025 |
| Additions |
| Revaluations | ( |
) | ( |
) |
| At 31 May 2026 |
| AMORTISATION |
| At 1 June 2025 |
| Amortisation for year |
| At 31 May 2026 |
| NET BOOK VALUE |
| At 31 May 2026 |
| At 31 May 2025 |
| Serendipity AI Limited (Registered number: 10750630) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2026 |
| 4. | INTANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 31 May 2026 is represented by: |
| Patents |
| and | Website |
| licences | costs | Bitcoin | Totals |
| £ | £ | £ | £ |
| Valuation in 2026 | 5,596 | 6,675 | 166,110 | 178,381 |
| If Bitcoin had not been revalued they would have been included at the following historical cost: |
| 2026 | 2025 |
| £ | £ |
| Cost | 236,803 | - |
| Bitcoin was valued on an open market basis on 31 May 2026 by Kraken . |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and | Computer |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 June 2025 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 May 2026 |
| DEPRECIATION |
| At 1 June 2025 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 May 2026 |
| NET BOOK VALUE |
| At 31 May 2026 |
| At 31 May 2025 |
| 6. | DEBTORS |
| 2026 | 2025 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| Serendipity AI Limited (Registered number: 10750630) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2026 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2026 | 2025 |
| value: | £ | £ |
| Ordinary Shares | 0.000001 | 1 | 1 |
| 9. | RESERVES |
| Share |
| Retained | Share | Other | based |
| earnings | premium | reserve | payments | Totals |
| £ | £ | £ | £ | £ |
| At 1 June 2025 | 1,075,083 |
| Profit for the year |
| Share options exercised | - | - | - | (550 | ) | (550 | ) |
| Cyrptocurrency gains | - | - | (21,638 | ) | - | (21,638 | ) |
| At 31 May 2026 | 1,142,636 |
| 10. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| 11. | SHARE-BASED PAYMENT TRANSACTIONS |
| The company has an equity settled option scheme. |
| The options are granted over 4 years with exercise prices of £0.000001, £0.23, and £0.187. |
| The company had 179,863 options at the start of the year. |
| The company granted 25,000 (2025: 18,500) in the year. |
| 27,000 options lapsed in the year (2025: 7,357). |
| No options were exercised in the year (2025: 56,183). |
| No options expired during the year (2025: nil). |
| The Company has 129,173 (2025: 131,565) exercisable options at end of the period. |
| The options vest over a 4 year period and lapse after 10 years. |
| The fair value of the share options has been valued based on the Strike price of options when granted. |
| The value of the options vested in the period was £550 (2025: £8,084), this was charged to the profit and loss. |
| The total carrying amount is £29,710 (2025: £30,260). |