REGISTERED NUMBER: 12504298 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Snow Squared Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr R E Allam

Dr A F Snow

Mr E B N Charvet

Mr C G Hoyer Millar

SECRETARY:

REGISTERED OFFICE:

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

REGISTERED NUMBER:

12504298 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

FIXED ASSETS

Tangible assets

4

987

1,360

CURRENT ASSETS

Debtors

5

95,256

7,153

Cash at bank

185,108

151,453

280,364

158,606

CREDITORS

Amounts falling due within one year

6

47,064

10,010

NET CURRENT ASSETS

233,300

148,596

TOTAL ASSETS LESS CURRENT LIABILITIES

234,287

149,956

PROVISIONS FOR LIABILITIES

188

258

NET ASSETS

234,099

149,698

CAPITAL AND RESERVES

Called up share capital

7

2

2

Share premium

8

1,217,950

892,293

Retained earnings

8

(983,853

)

(742,597

)

SHAREHOLDERS' FUNDS

234,099

149,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors and authorised for issue on 10 September 2026 and were signed on its behalf by:

Dr R E Allam - Director

1.	STATUTORY INFORMATION

Snow Squared 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.

Irrespective of this risk, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the next 12 months based on the expected continued support from the shareholders.

As such, having regard to the matters above, and after making reasonable enquiries, the directors have a reasonable expectation that the Company will have access to adequate resources to continue operations and to meet its liabilities, as and when they fall due for the next 12 months. For that reason, they continue to adopt the going concern basis in the preparation of the accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance basis

Computer equipment

-

33.33% on straight line basis

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

1,791

1,577

3,368

DEPRECIATION

At 1 April 2025

821

1,187

2,008

Charge for year

243

130

373

At 31 March 2026

1,064

1,317

2,381

NET BOOK VALUE

At 31 March 2026

727

260

987

At 31 March 2025

970

390

1,360

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

95,256

3,600

VAT

-

3,553

95,256

7,153

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

9,209

1,250

Social security and other taxes

-

1,297

Pensions Payable

1,514

1,714

VAT

14,167

-

Other creditors

18,440

-

Directors' loan accounts

2,537

2,463

Accrued expenses

1,197

3,286

47,064

10,010

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

166,272

Ordinary

0.00001

2

2

During the year the following share issues and allotments took place;

1) 11,868 Ordinary Shares of £0.00001 each were allotted as fully paid at a premium of £27.44 per share.

8.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 April 2025

(742,597

)

892,293

149,696

Deficit for the year

(241,256

)

(241,256

)

Cash share issue

-

325,657

325,657

At 31 March 2026

(983,853

)

1,217,950

234,097