Bealearts Limited

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

Registered number: 07553339

		2026		2025
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	25,520		22,570
Investments	5	22,711		34
Cash at bank and in hand		20,680		4,869

		68,911		27,473
Creditors: Amounts Falling Due Within One Year	6	(30,176 )		(27,058 )

NET CURRENT ASSETS (LIABILITIES)			38,735		415

TOTAL ASSETS LESS CURRENT LIABILITIES			38,735		415

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		(5,669 )		-

NET ASSETS			33,066		415

CAPITAL AND RESERVES
Called up share capital	8		2		2
Revaluation reserve			17,008		-
Profit and Loss Account			16,056		413

SHAREHOLDERS' FUNDS			33,066		415

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Bealearts Limited

Balance Sheet (continued)

As At 31 March 2026

For the 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.

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

The director acknowledges his 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

D R Beale

Director

16 October 2026

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

1. General Information

Bealearts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07553339 . The registered office is Suite 9, Dalton House, 60 Windsor Avenue, London, SW19 2RR.

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 have been prepared under the historical costs convention as modified by the revaluation of certain assets

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. 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.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

...CONTINUED

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Bealearts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.4. Taxation - continued

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	14,520	12,045
Amounts recoverable on contracts	11,000	10,525

	25,520	22,570

5. Current Asset Investments

	2026	2025
	£	£
Other investments, held for sale	22,711	34

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Other creditors	2,071	1,394
Taxation and social security	28,105	25,664

	30,176	27,058

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Bealearts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	5,669	-

8. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
2 Ordinary Shares of £ 1.000 each	2	2

9. Transition to FRS 102

For the year ended 31 March 2026, the Company has prepared its financial statements in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, having previously applied FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime.

The directors have elected to prepare the financial statements under FRS 102 following consideration of the Company's financial reporting requirements and its holding of Bitcoin as an investment.

The transition has been accounted for in accordance with Section 35, Transition to this FRS, of FRS 102. The opening balances and comparative information have been adjusted where required by the transitional provisions of the standard.

The financial effects of the transition are disclosed in the reconciliations accompanying these financial statements, where applicable.

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