ACCOUNTS - Final Accounts

Registered number: 15528853

CIRQUL8 LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

CIRQUL8 LIMITED

COMPANY INFORMATION

Director	Luis Maximiliano Koberg


Registered number	15528853


Registered office	80 Portand Place
	London
	England
	W1B 1NT

CIRQUL8 LIMITED

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 5

CIRQUL8 LIMITED

REGISTERED NUMBER: 15528853

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	4		123,300		88,740
Current assets
Debtors	5	154,046		-
Cash at bank and in hand		2,260		-
Creditors: amounts falling due within one year		(1,180,027)		(455,190)
Net current liabilities			(1,023,721)		(455,190)
Net liabilities			(900,421)		(366,450)

Capital and reserves
Allotted, called up and unpaid share capital	6	1,000	1,000
Profit and loss account		(901,421)	(367,450)
Equity shareholders' deficit		(900,421)	(366,450)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of Comprehensive Income in accordance with provisions applicable to companies subject to the small companies' regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 September 2026.

Luis Maximiliano Koberg

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

CIRQUL8 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Cirqul8 Limited (registered number: 15528853), having its registered office at 80 Portland Place, London, England, W1B 1NT, is a private limited company incorporated in England and Wales.

The Company was incorporated on 28 February 2024, the first period of accounts (the comparative period) commenced on this date and ended on 31 December 2024.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Statement of cash flows

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to produce a Statement of Cash Flows on the grounds that it is a small

company.

2.3

Going concern

The financial statements have been prepared on the going concern basis, not withstanding net liabilities of £900,421 (2024: £366,450) which the directors believe to be appropriate for the following reasons:

∙The company is dependent on funds provided to it by a familiar party.

∙The lender has indicated that for at least 12 months from the date of approval of these financial statements and for the forseeable future, it will make available such funds as are needed by the company.

∙The director considers that this will enable the company to continue in operational existence for the forseeable future by meeting its liabilities as they fall due.

2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

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CIRQUL8 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, not exceeding 10 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.7

Taxation

Tax is recognised in the Statement of Comprehensive Income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.

2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.11

Creditors

Short-term creditors are measured at the transaction price.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 3

CIRQUL8 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Intangible assets

		Development expenditure
		£
	Cost
	At 1 January 2025	88,740
	Additions	34,560
	At 31 December 2025	123,300

	Net book value
	At 31 December 2025	123,300
	At 31 December 2024	88,740

The intangible assets are capitalised costs incurred for the development of a proprietary platform for the Company’s future trading activity.

The assets will not be amortised until development is complete and the platform is ready for use.

Debtors

					2025	2024
					£	£

Due within one year
Other receivables	23,000	-
Other debtors	45,046	-
Called up share capital not paid	1,000	-
Prepayments and accrued income	85,000	-
	154,046	-

6.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100,000 (2024 - 100,000) Ordinary shares of £0.01 each	1,000	1,000

Page 4

CIRQUL8 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

7.	Transition to FRS 102

The company has voluntarily transitioned from FRS 105 to FRS 102.

The transition has been made in advance of Company commencing trade to aid transparency and simplify the reporting process.

The transition has had no impact on the accounting policies though the wording has been updated to increase clarity.

There is no impact on the figures within the primary statements or the notes to the accounts.

8.	Controlling party

The Company's ultimate controlling party is Luis Maximiliano Koberg as at 31 December 2024 and 31 December 2025, by virtue of his sole shareholding.

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