Longshot Systems Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—6

1. General Information

Longshot Systems Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09948363 . The registered office is Garden Level, 70 Gray's Inn Road, London, United Kingdom, WC1X 8NH.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Development costs 10 years straight line

2.5. 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:

Fixtures & Fittings	3 Years straight line
Computer Equipment	3 Years straight line

2.6. 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.

2.7. 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.

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.

...CONTINUED

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Longshot Systems Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 January 2026

2.7. Taxation - continued

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.

2.8. Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

2.9. Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

2.10. Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2025: 12)

4. Intangible Assets

	Total
	£
Cost
As at 1 February 2025	10,000

As at 31 January 2026	10,000

Amortisation
As at 1 February 2025	10,000

As at 31 January 2026	10,000

Net Book Value
As at 31 January 2026	-

As at 1 February 2025	-

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Longshot Systems Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 January 2026

5. Tangible Assets

	Total
	£
Cost
As at 1 February 2025	77,556
Additions	74,940
Disposals	(56,465 )

As at 31 January 2026	96,031

Depreciation
As at 1 February 2025	63,497
Provided during the period	22,740
Disposals	(56,465 )

As at 31 January 2026	29,772

Net Book Value
As at 31 January 2026	66,259

As at 1 February 2025	14,059

6. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

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Longshot Systems Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 January 2026

7. Related Party Transactions

Transactions with entities in which the entity itself has a participating interest

Thornbury Sports Trading Services Ltd

Consultancy services provided to fellow subsidiary by the company

-£81,332 (2025 - £170,614)

Longshot Systems Holding Ltd

Amount owed from Longshot Systems Holding Ltd to the company in current year; whereas amount owed to Longshot Systems Holding Ltd in prior year.

£330,811 (2025 - £70,189)

Thornbury Sports Trading Services Ltd

Amount owed to the company from Thornbury Sports Trading Services Ltd - Loan

£1,272,952 (2025 - £1,600,987)

Mercator Trading Inc

Amount owed from Mercator Trading Inc to the company.

£76,017 (2025 -£ nil)

Mercator Trading Inc

Consultancy services provided to fellow subsidiary by the company

£758,438 (2025 - £ nil)

Transactions with the entity's directors

Amount owed from the company to the directors

£1,010,000 (2025 - £760,000)

8. Ultimate Controlling Party

The company's ultimate controlling party is Longshot Systems Holdings Limited by virtue of his ownership of 100% of the issued share capital in the company.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		66,259		14,059

			66,259		14,059
CURRENT ASSETS
Debtors		3,057,576		2,203,050
Cash at bank and in hand		102,159		478,413

		3,159,735		2,681,463
Creditors: Amounts Falling Due Within One Year		(1,290,310 )		(1,101,504 )

NET CURRENT ASSETS (LIABILITIES)			1,869,425		1,579,959

TOTAL ASSETS LESS CURRENT LIABILITIES			1,935,684		1,594,018

PROVISIONS FOR LIABILITIES
Deferred Taxation			(16,565 )		-

NET ASSETS			1,919,119		1,594,018

CAPITAL AND RESERVES
Called up share capital	6		2		2
Profit and Loss Account			1,919,117		1,594,016

SHAREHOLDERS' FUNDS			1,919,119		1,594,018