REGISTERED NUMBER: 13214805 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ALBERTINE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Nyrola

REGISTERED OFFICE:

10 John Street

London

WC1N 2EB

REGISTERED NUMBER:

13214805 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Investments

4

2,699,581

2,555,672

CURRENT ASSETS

Debtors

5

2,827,008

1,622,575

Cash at bank

58,267

21,709

2,885,275

1,644,284

CREDITORS

Amounts falling due within one year

6

1,502,241

1,338,650

NET CURRENT ASSETS

1,383,034

305,634

TOTAL ASSETS LESS CURRENT LIABILITIES

4,082,615

2,861,306

CAPITAL AND RESERVES

Called up share capital

7

352

286

Share premium

8

4,496,538

3,242,399

Retained earnings

8

(414,275

)

(381,379

)

SHAREHOLDERS' FUNDS

4,082,615

2,861,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 21 September 2026 and were signed by:

J Nyrola - Director

1.	STATUTORY INFORMATION

Albertine 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.

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.

The financial statements have been prepared on the going concern basis after consideration by the directors as to the appropriateness of this basis. At the balance sheet date, the company has significant net assets. The directors have reviewed forecasts and have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least 12 months and 1 day from the signing of the financial statements.

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.

Financial instruments

Basic Financial Instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any other Financial Instruments as covered by Section 12 of FRS 102.

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.

Investment in subsidiaries

Investments in subsidiary undertakings are recognised at cost and are subsequently recognised at cost less impairment.

Share-based payment transactions

Equity-settled transactions are awards of shares, or options over shares, that are provided to employees and contractors in exchange for the rendering of services.

The cost of equity-settled transactions is measured at fair value on grant date. Fair value is independently determined using the Black-Scholes option pricing model that takes into account the exercise price, the term of the options, the impact of dilution, the share price at grant date and expected price volatility of the underlying share, the expected dividend yield and the risk free interest rate for the term of the option, together with non-vesting conditions that do not determine whether the Company receives the services that entitle the employees to receive payment. No account is taken of any other vesting conditions.

The cost of equity-settled transactions is recognised as an expense with a corresponding increase in equity over the vesting period. The cumulative charge to profit or loss is calculated based on the grant date fair value of the award, the best estimate of the number of awards that are likely to vest and the expired portion of the vesting period. The amount recognised in profit or loss for the period is the cumulative amount calculated at each reporting date less amounts already recognised in previous periods.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

2,555,672

Additions

143,909

At 31 December 2025

2,699,581

NET BOOK VALUE

At 31 December 2025

2,699,581

At 31 December 2024

2,555,672

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed by group undertakings

2,824,824

1,621,210

Other debtors

2,184

1,365

2,827,008

1,622,575

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

3,000

-

Other creditors & accruals

1,499,241

1,338,650

1,502,241

1,338,650

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

351,935

Ordinary

£0.00

1

352

286

66,110 Ordinary shares of £0.001 each were allotted as fully paid at a premium of 18.97 per share during the year.

8.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2025

(381,379

)

3,242,399

2,861,020

Deficit for the year

(32,896

)

(32,896

)

Cash share issue

-

1,254,139

1,254,139

At 31 December 2025

(414,275

)

4,496,538

4,082,263

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

10.	SHARE-BASED PAYMENT TRANSACTIONS

Albertine Ltd operates an equity-settled share option scheme under which share options are granted to employees and contractors of the group.

Options under the plan are generally exercisable when vested and subject to such terms, conditions, and restrictions as determined by the Board of Directors and set forth in the related option agreements. The options expire 10 years after the date of grant or earlier in the event of termination of employment.

The fair value of the equity instruments granted is measured at the grant date using the Black-Scholes option pricing model. The key assumptions used in the valuation include expected volatility, risk-free interest rate, expected dividend yield, and the expected life of the options, as set out in Note 2.

The following table summarises the equity settled share options with employees in the group and contractors in the period:

Item

Number

Weighted average exercise price (£

)

Outstanding at the beginning of the year

30,147

0.001

Granted during the year

54,165

0.001

Forfeited during the year

(3,338

)

0.001

Exercised during the year

(26,218

)

0.001

Expired during the year

-

-

Outstanding at the end of the year

54,756

0.001

Exercisable at the end of the year

34,572

0.001

No share based payment expense was recognised during the period (2024: nil).