Registration number: 10651231

Albora Technologies Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Albora Technologies Ltd

Company Information

Directors

Mr Anselm Adams Mr Steven Andrew Cliffe Mr David Hugh Clayton

Registered office

Room 2B10 South Bank Technopark 90 London Road London England SE1 6LN

Accountants

F & F Business Strategies Ltd Chartered CertifiedRoom 2B01 South Bank Technopark 90 London Road London SE1 6LN

Albora Technologies Ltd

(Registration number: 10651231)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	-	6,603
Tangible assets	5	898	5,228
Other financial assets	6	1,602,744	1,699,125
		1,603,642	1,710,956
Current assets
Debtors	7	97,832	37,778
Cash at bank and in hand		27,453	149,734
		125,285	187,512
Creditors: Amounts falling due within one year	8	(104,956)	(17,799)
Net current assets		20,329	169,713
Total assets less current liabilities		1,623,971	1,880,669
Creditors: Amounts falling due after more than one year	8	(194,068)	(147,005)
Net assets		1,429,903	1,733,664
Capital and reserves
Called up share capital	9	3	3
Share premium reserve		3,250,815	3,250,815
Capital redemption reserve		1,388,309	1,308,914
Retained earnings		(3,209,224)	(2,826,068)
Shareholders' funds		1,429,903	1,733,664

For the financial year ending 31 March 2026 the company was entitled to exemption from audit 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; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 September 2026 and signed on its behalf by:
 

Albora Technologies Ltd

(Registration number: 10651231)
Balance Sheet as at 31 March 2026

......................................... Mr Anselm Adams Director

Albora Technologies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Room 2B10
South Bank Technopark
90 London Road
London
SE1 6LN
England

These financial statements were authorised for issue by the Board on 24 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the assets received or receivable. Grants are classified as relating either to revenue or assets,

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Albora Technologies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	4 years straight line
Furniture and fittings	4 years straight line

Intangible assets

Separately acquired trademarks, patent and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Patent	5 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Albora Technologies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Share based payments

The company operates an equity-settled, share-based compensation plan, under which the entity receives services from employees as consideration for equity instruments (options) of the entity. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The estimated fair value of the option granted is calculated using the Black Scholes option pricing model. The total amount expensed is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.

The proceeds received net of any directly attributable transaction costs are credited to share capital (nominal value) and share premium when the options are exercised.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2025 - 4).

Albora Technologies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Intangible assets

	Trademarks, patents and licenses  £	Total £
Cost or valuation
At 1 April 2025	49,309	49,309
At 31 March 2026	49,309	49,309
Amortisation
At 1 April 2025	42,706	42,706
Amortisation charge	6,603	6,603
At 31 March 2026	49,309	49,309
Carrying amount
At 31 March 2026	-	-
At 31 March 2025	6,603	6,603

5	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 April 2025	43,579	97,540	141,119
Additions	-	1,346	1,346
At 31 March 2026	43,579	98,886	142,465
Depreciation
At 1 April 2025	39,277	96,614	135,891
Charge for the year	4,302	1,374	5,676
At 31 March 2026	43,579	97,988	141,567
Carrying amount
At 31 March 2026	-	898	898
At 31 March 2025	4,302	926	5,228

Albora Technologies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2025	1,602,744	1,602,744
At 31 March 2026	1,602,744	1,602,744
Impairment
Carrying amount
At 31 March 2026	1,602,744	1,602,744

7

Debtors

Current	2026 £	2025 £
Trade debtors	46,995	-
Prepayments	970	970
Other debtors	49,867	36,808
	97,832	37,778

8

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	11,538	2,400
Taxation and social security	8,276	2,203
Accruals and deferred income	-	215
Other creditors	85,142	12,981
	104,956	17,799

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	10	194,068	147,005

Albora Technologies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary Shares of £0.00 each	32,721,734	3	32,721,734	3
Preferred Shares of £0.00 each	815,410	-	815,410	-
	33,537,144	3	33,537,144	3

10	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Other borrowings	194,068	147,005