Majoto Lab Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12585290

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		200		402

			200		402
CURRENT ASSETS
Debtors	5	1,696		7,781
Cash at bank and in hand		4,580		4,216

		6,276		11,997
Creditors: Amounts Falling Due Within One Year	6	(6,923 )		(9,091 )

NET CURRENT ASSETS (LIABILITIES)			(647 )		2,906

TOTAL ASSETS LESS CURRENT LIABILITIES			(447 )		3,308

Creditors: Amounts Falling Due After More Than One Year	7		(9,026 )		(10,521 )

NET LIABILITIES			(9,473 )		(7,213 )

CAPITAL AND RESERVES
Called up share capital	9		135		135
Share premium account			192,206		192,206
Profit and Loss Account			(201,814 )		(199,554 )

SHAREHOLDERS' FUNDS			(9,473)		(7,213)

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Majoto Lab Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Denis Potemkin

Director

22 September 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Majoto Lab Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12585290 . The registered office is 27 Old Gloucester Street, London, WC1N 3AX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. Therefore the financial statements have been prepared on a going concern basis which assumes the Company will continue in operational existence for the foreseeable future.

The Company is involved in research and development activities and is working towards achieving a sustainable revenue generating activity. The directors have considered the basis of the financial statements and are satisfied that a combination of business growth and further investment commitments will enable the Company to meet its liabilities as they fall due.

2.3. Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

3 years, straight line

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price including transaction costs.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.

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Majoto Lab Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the profit / loss before taxation.

2.8. Taxation

Tax is recognised in profit or loss except that a charge is attributable to an item of income and expense recognised as other comphrehensive income or to an item recognised directly in equity is also recognised in other comphrehensive 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.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2025	1,326

As at 31 December 2025	1,326

Depreciation
As at 1 January 2025	924
Provided during the period	202

As at 31 December 2025	1,126

Net Book Value
As at 31 December 2025	200

As at 1 January 2025	402

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,696	3,275
Corporation tax recoverable	-	4,038
Directors' loan accounts	-	468

	1,696	7,781

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Majoto Lab Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,776	3,847
Other loans	-	2,527
Other taxes and social security	24	18
VAT	3,079	941
Other creditors	66	8
Accruals and deferred income	-	1,750
Directors' loan accounts	978	-

	6,923	9,091

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other loans	9,026	10,521

8. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Other loans	-	2,527

	2025	2024
	£	£
Amounts falling due between one and five years:
Other loans	9,026	10,521

9. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
128,297 Ordinary Shares of £ 0.001 each	128	128
6,968 Growth shares of £ 0.001 each	7	7

	135	135

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