Exotopic Limited

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

Registered number: 09238982

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		42,091		41,589

			42,091		41,589
CURRENT ASSETS
Debtors	5	510,897		692,638
Cash at bank and in hand		80,772		212,576

		591,669		905,214
Creditors: Amounts Falling Due Within One Year	6	(467,156 )		(424,979 )

NET CURRENT ASSETS (LIABILITIES)			124,513		480,235

TOTAL ASSETS LESS CURRENT LIABILITIES			166,604		521,824

PROVISIONS FOR LIABILITIES
Deferred Taxation			(10,523 )		(7,955 )

NET ASSETS			156,081		513,869

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			156,080		513,868

SHAREHOLDERS' FUNDS			156,081		513,869

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Exotopic Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 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

Mr Andrew Grey

Director

31/10/2026

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

1. General Information

Exotopic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09238982 . The registered office is 2nd Floor British Interplanetary Society, 27/29 South Lambeth Road, London, England, SW8 1SZ.

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 considered the reduction in retained earnings during the year, principally arising from the write-off of an intercompany balance of £254,728, and remain satisfied that the company has adequate resources to continue operating for the foreseeable future.

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 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.

2.4. 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:

Plant & Machinery	25% Straight Line
Computer Equipment	25% Straight Line

2.5. 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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Exotopic Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.5. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 17 (2025: 16)

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 February 2025	82,944
Additions	11,559

As at 31 January 2026	94,503

Depreciation
As at 1 February 2025	41,355
Provided during the period	11,057

As at 31 January 2026	52,412

Net Book Value
As at 31 January 2026	42,091

As at 1 February 2025	41,589

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	39,790	268,059
Other debtors	471,107	424,579

	510,897	692,638

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	167,074	38,886
Other creditors	262,443	275,256
Taxation and social security	37,639	110,837

	467,156	424,979

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Exotopic Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

8. Related Party Transactions

Included within other debtors are the following balances:

- £55,217 (2025: £122,252) due from Altarange Limited, a company under common ownership and directorship. In addition, Exotopic Limited paid for services totalling £49,805 to this company during the year, on an arm’s length basis. £122,252 of the intercompany loan balance was written off during the year as it was considered irrecoverable.

- £16,159 (2025: 3,031) owed to Discover Space UK Ltd, a company under common ownership and directorship.

- £1,669 was due from a foreign entity in New Zealand connected to the director.

- A balance of £122,252 owed by Exotopic Pty Ltd a foreign entity connected to the director was written off during the year as it was considered irrecoverable.

- The company received income of £4,446 from Nascent Semiconductor Limited during the year, a company under common ownership and directorship. These transactions were conducted on an arm’s length basis.

All balances are unsecured, interest-free, and repayable on demand.

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