Ascalia Ltd

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

Registered number: 11254169

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		355,981		653,562
Investments	6		2,315		2,315

			358,296		655,877
CURRENT ASSETS
Debtors	7	2,067		1,190
Cash at bank and in hand		98		234

		2,165		1,424
Creditors: Amounts Falling Due Within One Year	8	(1,250,710 )		(1,129,673 )

NET CURRENT ASSETS (LIABILITIES)			(1,248,545 )		(1,128,249 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(890,249 )		(472,372 )

NET LIABILITIES			(890,249 )		(472,372 )

CAPITAL AND RESERVES
Called up share capital	9		107		107
Share premium account			146,063		146,063
Other reserves			79,705		79,705
Profit and Loss Account			(1,116,124 )		(698,247 )

SHAREHOLDERS' FUNDS			(890,249)		(472,372)

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Ascalia Ltd

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 Marin Bek

Director

16/10/2026

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

1. General Information

Ascalia Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11254169 . The registered office is C/O Gpc Financial Management 423 Linen Hall, 162 - 168 Regent Street, London, W1B 5TE.

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.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Research and Development

Research and development expenditure is written off as incurred, except that development expenditure incurred on an individual project is capitalised as an intangible asset when the group can demonstrate the technical feasibility of completing the intangible asset so that it will be available for use or sale, its intention to complete and its ability to use or sell the asset, how the asset will generate future economic benefits, the availability of resources to complete the asset and the ability to measure reliably the expenditure during development. Following initial recognition of the development expenditure as an asset, the cost model is applied requiring the asset to be carried at cost less any accumulated amortisation and accumulated impairment losses. During the period of development the asset is tested for impairment annually.

Web Development costs are amortised to profit and loss account over its estimated economic life of 4 years. Amortisation commences 1 year after expenditure incurred and then amortised at a rate of 33.33%.

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

Straight Line 33%

2.5. 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 operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

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Ascalia Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 January 2025	1,609,338
Additions	76,829

As at 31 December 2025	1,686,167

Amortisation
As at 1 January 2025	955,776
Provided during the period	374,410

As at 31 December 2025	1,330,186

Net Book Value
As at 31 December 2025	355,981

As at 1 January 2025	653,562

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2025	363

As at 31 December 2025	363

Depreciation
As at 1 January 2025	363

As at 31 December 2025	363

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	-

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2025	2,315

As at 31 December 2025	2,315

Provision
As at 1 January 2025	-

As at 31 December 2025	-

...CONTINUED

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Ascalia Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	2,315

As at 1 January 2025	2,315

7. Debtors

	2025	2024
	£	£
Due within one year
VAT	1,974	1,097
Called up share capital not paid	93	93

	2,067	1,190

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	42,846	39,599
Other creditors	928,226	882,163
Accruals and deferred income	45,337	19,699
Amounts owed to subsidiaries	234,301	188,212

	1,250,710	1,129,673

9. Share Capital

	2025	2024
	£	£
Called Up Share Capital not Paid	93	93
Called Up Share Capital has been paid up	14	14

Amount of Allotted, Called Up Share Capital	107	107

10. Related Party Transactions

Subsidiary undertaking - Ascalia d.o.o. (Croatia)

Included in other creditors are the following:

Amount owed to Ascalia d.o.o. (Croatia) by the company at the start of year: £188,212. Amounts advanced to Ascalia Ltd in the year: £46,089. Amount owed to Ascalia d.o.o. (Croatia) from the company at the end of the year: £234,301.

11. Going Concern

The directors acknowledge that the reserves are negative. The directors are of the opinion that the company will trade out of this negative position and will discharge its debts in due course.

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