Contents of the Financial Statements

for the Period Ended 31 December 2022

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

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Directors

The directors shown below have held office during the period of
7 January 2022 to 12 July 2022

Eduardo Maranhao
Malcolm Bulbeck

The directors shown below have held office during the period of
12 July 2022 to 31 December 2022

Richard Patrick Tyrrell
Christopher Bergsland

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
19 December 2023

And signed on behalf of the board by:
Name: Richard Patrick Tyrrell
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2022

	2022
	£
Turnover:	13,928,657
Gross profit(or loss):	13,928,657
Administrative expenses:	( 13,317,461 )
Other operating income:	50,213
Operating profit(or loss):	661,409
Interest receivable and similar income:	117,244
Profit(or loss) before tax:	778,653
Tax:	( 147,944 )
Profit(or loss) for the financial year:	630,709

Balance sheet

As at 31 December 2022

	Notes	2022
		£
Fixed assets
Intangible assets:	3	121,472
Investments:	4	756,749
Total fixed assets:		878,221
Current assets
Debtors:	5	504,943
Cash at bank and in hand:		6,418,257
Total current assets:		6,923,200
Creditors: amounts falling due within one year:	6	( 6,260,876 )
Net current assets (liabilities):		662,324
Total assets less current liabilities:		1,540,545
Total net assets (liabilities):		1,540,545
Capital and reserves
Called up share capital:		1
Other reserves:		756,749
Profit and loss account:		783,795
Total Shareholders' funds:		1,540,545

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2022 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 2022

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.Revenue from a contract to provide services is recognised in the period in which the services are provided.

  Intangible fixed assets amortisation policy

  Intangible fixed assets relates to software under development which is stated at cost. All costs incurred during the development of intangible fixed assets, including purchase cost, and technical costs, are capitalized. Capitalization ceases and amortisation commences when the software is available for its intended use.

  Other accounting policies

  Basis of PreparationGoing ConcernInvestment in subsOperating Leases lesseeImpairment of assetsDebtorsCash at bank and in handFinancial instrumentsCreditorsForeign currency translationShare-based compensation

Notes to the Financial Statements

for the Period Ended 31 December 2022

• 2. Employees

  	2022
  Average number of employees during the period	11