1 January 2021 false No description of principal activity Taxfiler 2022.8.3 11495990business:PrivateLimitedCompanyLtd2021-01-012021-12-31 114959902020-12-31 114959902021-01-012021-12-31 11495990business:AuditExemptWithAccountantsReport2021-01-012021-12-31 11495990business:FullAccounts2021-01-012021-12-31 114959902021-12-31 11495990business:Director12021-01-012021-12-31 11495990business:Director22021-01-012021-12-31 11495990business:Director32021-01-012021-12-31 11495990business:RegisteredOffice2021-01-012021-12-31 114959902020-12-31 11495990core:WithinOneYear2021-12-31 11495990core:WithinOneYear2020-12-31 11495990core:AfterOneYear2021-12-31 11495990core:AfterOneYear2020-12-31 11495990core:ShareCapital2021-12-31 11495990core:ShareCapital2020-12-31 11495990core:SharePremium2021-12-31 11495990core:SharePremium2020-12-31 11495990core:RetainedEarningsAccumulatedLosses2021-12-31 11495990core:RetainedEarningsAccumulatedLosses2020-12-31 11495990business:SmallEntities2021-01-012021-12-31 11495990countries:EnglandWales2021-01-012021-12-31 11495990core:AdditionsToInvestments2021-12-31 114959902020-01-012020-12-31 iso4217:GBP xbrli:pure
Company Registration No. 11495990 (England and Wales)
APPLICA.AI LTD Unaudited accounts for the year ended 31 December 2021
APPLICA.AI LTD Unaudited accounts Contents
Page
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APPLICA.AI LTD Company Information for the year ended 31 December 2021
Directors
Adam Dancewicz Martin Jasinski Piotr Surma
Company Number
11495990 (England and Wales)
Registered Office
Niddry Lodge 51 Holland Street London W8 7JB
Accountants
Salvares JBS Ltd Niddry Lodge 51 Holland Street London London W8 7JB
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APPLICA.AI LTD Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Investments
3,789,445 
2,067,239 
Current assets
Debtors
5,297 
1,706 
Cash at bank and in hand
444,864 
804,270 
450,161 
805,976 
Creditors: amounts falling due within one year
(1,328)
(1,410)
Net current assets
448,833 
804,566 
Total assets less current liabilities
4,238,278 
2,871,805 
Creditors: amounts falling due after more than one year
(1,375,110)
- 
Net assets
2,863,168 
2,871,805 
Capital and reserves
Called up share capital
299 
299 
Share premium
3,010,573 
3,010,573 
Profit and loss account
(147,704)
(139,067)
Shareholders' funds
2,863,168 
2,871,805 
For the year ending 31 December 2021 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2022 and were signed on its behalf by
Piotr Surma Director Company Registration No. 11495990
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APPLICA.AI LTD Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
APPLICA.AI LTD is a private company, limited by shares, registered in England and Wales, registration number 11495990. The registered office is Niddry Lodge, 51 Holland Street, London, W8 7JB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities and the Companies Act 2006.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments
Investments in subsidiaries are measured at cost less impairment. Investments in shares are included at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in the fair value are included in the profit and loss account.
Small Groups
APPLICA.AI Ltd is a parent company of: - Applica sp. z o.o., a company registered in Poland. APPLICA.AI LTD holds 100% shares in equity of Applica Sp. z o.o. as of 31st December 2021 and - Applica.ai, Inc., a company formed on 2nd January, 2020 and registered in the state of Delaware, USA. APPLICA.AI LTD holds 100% shares in equity of Applica.ai, Inc. as of 31st December 2021 Together they form a small group of companies as of 31st December 2021.
4
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 January 2021
1,028,592 
1,038,647 
2,067,239 
Additions
- 
1,722,206 
1,722,206 
Valuation at 31 December 2021
1,028,592 
2,760,853 
3,789,445 
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APPLICA.AI LTD Notes to the Accounts for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
12 
12 
Accrued income and prepayments
5,285 
1,694 
5,297 
1,706 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Amounts owed to group undertakings and other participating interests
1,328 
1,410 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Other creditors
1,375,110 
- 
8
Transactions with related parties
APPLICA.AI LTD is the parent and the ultimate controlling party to two subsidiaries: Applica sp. z o.o., a Polish company and Applica.ai, Inc, an American company. As at 31/12/2021: - the value of investment in shares of Applica sp. z o.o. was 1,028,592.31 GBP - the value of investment in shares Applica.ai, Inc was 0.75 GBP - the value of loans to Applica sp. z o.o. and interest accrued was 601047.50 GBP - the value of loans to Applica.ai, Inc and interest accrued was 2,159,804.28 GBP
9
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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