REGISTERED NUMBER: 03726638 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

THORP TECHNOLOGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R W Thorp

REGISTERED OFFICE:

29 Cecil Road

Acton

London

W3 0DB

REGISTERED NUMBER:

03726638 (England and Wales)

ACCOUNTANTS:

mgr SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Tangible assets

4

7,511

9,135

Investments

5

109,261

101,045

116,772

110,180

CURRENT ASSETS

Debtors

6

10,867

8,280

Cash at bank

13,255

12,327

24,122

20,607

CREDITORS

Amounts falling due within one year

7

(55,887

)

(28,320

)

NET CURRENT LIABILITIES

(31,765

)

(7,713

)

TOTAL ASSETS LESS CURRENT LIABILITIES

85,007

102,467

PROVISIONS FOR LIABILITIES

8

(3,146

)

(2,284

)

NET ASSETS

81,861

100,183

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

81,859

100,181

SHAREHOLDERS' FUNDS

81,861

100,183

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 director acknowledges his 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 director and authorised for issue on 17 August 2026 and were signed by:

Mr R W Thorp - Director

1.	STATUTORY INFORMATION

Thorp Technology Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents net invoiced services, excluding value added tax.

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

Computer equipment

-

25% on reducing balance

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.

Fixed asset investments

Fixed asset investments are valued at fair value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2025

33,040

47,990

81,030

Additions

-

798

798

At 31 March 2026

33,040

48,788

81,828

DEPRECIATION

At 1 April 2025

32,348

39,547

71,895

Charge for year

173

2,249

2,422

At 31 March 2026

32,521

41,796

74,317

NET BOOK VALUE

At 31 March 2026

519

6,992

7,511

At 31 March 2025

692

8,443

9,135

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST OR VALUATION

At 1 April 2025

101,045

Revaluations

8,216

At 31 March 2026

109,261

NET BOOK VALUE

At 31 March 2026

109,261

At 31 March 2025

101,045

Cost or valuation at 31 March 2026 is represented by:

Unlisted

investments

£

Valuation in 2017

(715

)

Valuation in 2018

(1,697

)

Valuation in 2019

1,604

Valuation in 2020

10,064

Valuation in 2021

(2,185

)

Valuation in 2022

7,462

Valuation in 2023

16,779

Valuation in 2024

(6,490

)

Valuation in 2025

43,655

Valuation in 2026

(8,216

)

Cost

49,000

109,261

Fixed asset investments are in gold bullion valued at fair value. Gold bullion is measured at fair value at the balance sheet date with gains and losses recognised in profit or loss.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

10,800

7,920

Other debtors

67

360

10,867

8,280

Included in other debtor is directors loan account and no interest has been charged.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Taxation and social security

55,807

28,070

Other creditors

80

250

55,887

28,320

8.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

Accelerated capital allowances

3,146

2,284

Deferred

tax

£

Balance at 1 April 2025

2,284

Provided during year

862

Balance at 31 March 2026

3,146

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

2

2

10.	PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of employees and directors. Amounts charged to the income statement were £336 (2025: £284) for the year. There were outstanding employer contributions of £80 (2025: £157) at the balance sheet date.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

Mr R W Thorp

Balance outstanding at start of year

(93

)

(416

)

Amounts advanced

5,160

3,338

Amounts repaid

(5,000

)

(3,015

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

67

(93

)