Contents of the Financial Statements

for the Period Ended 31 December 2021

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2021

The directors present their report with the financial statements of the company for the period ended 31 December 2021

Directors

The directors shown below have held office during the whole of the period from
1 January 2021 to 31 December 2021

M J Norris
M Wayne
C A Jochnick
C Feilding Mellen
A M C Charteris

The director shown below has held office during the period of
12 April 2021 to 31 December 2021

A George

The director shown below has held office during the whole of the period from
1 January 2021 to 31 December 2021

S J Wooding

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 September 2022

And signed on behalf of the board by:
Name: C Feilding Mellen
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2021

	2021	16 months to 31 December 2020
	£	£
Administrative expenses:	( 10,980,880 )	( 3,424,098 )
Other operating income:	1,902,281	670,643
Operating profit(or loss):	(9,078,599)	(2,753,455)
Interest receivable and similar income:	19,537
Interest payable and similar charges:	( 2,444 )
Profit(or loss) before tax:	(9,061,506)	(2,753,455)
Profit(or loss) for the financial year:	(9,061,506)	(2,753,455)

Balance sheet

As at 31 December 2021

	Notes	2021	16 months to 31 December 2020
		£	£
Fixed assets
Tangible assets:	3	12,341	0
Total fixed assets:		12,341	0
Current assets
Debtors:	4	4,233,810	3,753,598
Cash at bank and in hand:		18,725,922	12,026,557
Investments:	5	44,371,237
Total current assets:		67,330,969	15,780,155
Creditors: amounts falling due within one year:	6	( 2,789,238 )	( 700,615 )
Net current assets (liabilities):		64,541,731	15,079,540
Total assets less current liabilities:		64,554,072	15,079,540
Total net assets (liabilities):		64,554,072	15,079,540
Capital and reserves
Called up share capital:		6,737	4,704
Share premium account:		75,595,342	17,750,485
Other reserves:		(2,444)
Profit and loss account:		(11,045,563 )	(2,675,649 )
Total Shareholders' funds:		64,554,072	15,079,540

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2021

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Tangible fixed assets depreciation policy

  Property, plant and equipment is stated at cost less accumulated depreciation and impairment costs, if any.Consistent with IAS 16, cost comprises the aggregate amount paid, and the fair value of any other considerationgiven to acquire the asset and includes costs directly attributable to making the asset capable of operating asintended. An item of property and equipment is derecognized upon disposal or when no future economic benefitsare expected from its use or disposal. Any gain or loss arising on derecognition of the asset is included in thestatement of operations and comprehensive loss when the asset is derecognised.Property and equipment are recorded at cost and depreciated using the straight-line method over the estimateduseful lives of the respective assets

Notes to the Financial Statements

for the Period Ended 31 December 2021

• 2. Employees

  	2021	16 months to 31 December 2020
  Average number of employees during the period	14	4