1 July 2022 false Taxfiler 2023.9 13466461business:PrivateLimitedCompanyLtd2022-07-012022-12-31 134664612022-06-30 134664612022-07-012022-12-31 13466461business:AuditExempt-NoAccountantsReport2022-07-012022-12-31 13466461business:FilletedAccounts2022-07-012022-12-31 134664612022-12-31 13466461business:Director12022-07-012022-12-31 13466461business:Director22022-07-012022-12-31 13466461business:Director32022-07-012022-12-31 13466461business:RegisteredOffice2022-07-012022-12-31 134664612022-06-30 13466461core:WithinOneYear2022-12-31 13466461core:WithinOneYear2022-06-30 13466461core:AfterOneYear2022-12-31 13466461core:AfterOneYear2022-06-30 13466461core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 13466461core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 13466461core:SharePremiumcore:PreviouslyStatedAmount2022-12-31 13466461core:SharePremiumcore:PreviouslyStatedAmount2022-06-30 13466461core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 13466461core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 13466461core:PreviouslyStatedAmount2022-12-31 13466461core:PreviouslyStatedAmount2022-06-30 13466461business:SmallEntities2022-07-012022-12-31 13466461countries:EnglandWales2022-07-012022-12-31 13466461core:ComputerEquipment2022-07-012022-12-31 13466461core:IntangibleAssetsOtherThanGoodwill2022-06-30 13466461core:IntangibleAssetsOtherThanGoodwill2022-07-012022-12-31 13466461core:IntangibleAssetsOtherThanGoodwill2022-12-31 13466461core:ComputerEquipment2022-06-30 13466461core:ComputerEquipment2022-12-31 13466461core:AfterOneYear2022-07-012022-12-31 134664612021-06-202022-06-30 iso4217:GBP xbrli:pure
Company Registration No. 13466461 (England and Wales)
Fiat Republic Ltd Unaudited accounts for the period from 1 July 2022 to 31 December 2022
Fiat Republic Ltd Unaudited accounts Contents
Page
- 2 -
Fiat Republic Ltd Company Information for the period from 1 July 2022 to 31 December 2022
Directors
Adam L Bialy Sophie Guibaud-Lapoujade Olga Shikhantsova
Company Number
13466461 (England and Wales)
Registered Office
60 Cannon Street London EC4N 6NP England
Accountants
Abacus Jack Ltd New Century House Crowther Road Washington Tyne and Wear NE38 0QA
- 3 -
Fiat Republic Ltd Statement of financial position as at 31 December 2022
31/12/2022 
30/06/2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
22,325 
11,925 
Tangible assets
13,631 
11,443 
35,956 
23,368 
Current assets
Debtors
1,933,890 
892,975 
Cash at bank and in hand
1,700,076 
2,031,779 
3,633,966 
2,924,754 
Creditors: amounts falling due within one year
(455,780)
(110,809)
Net current assets
3,178,186 
2,813,945 
Total assets less current liabilities
3,214,142 
2,837,313 
Creditors: amounts falling due after more than one year
(2,171,850)
(1,182,500)
Net assets
1,042,292 
1,654,813 
Capital and reserves
Called up share capital
2,194 
2,194 
Share premium
2,618,406 
2,618,406 
Profit and loss account
(1,578,308)
(965,787)
Shareholders' funds
1,042,292 
1,654,813 
For the period ending 31 December 2022 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 30 September 2023 and were signed on its behalf by
Adam L Bialy Director Company Registration No. 13466461
- 4 -
Fiat Republic Ltd Notes to the Accounts for the period from 1 July 2022 to 31 December 2022
1
Statutory information
Fiat Republic Ltd is a private company, limited by shares, registered in England and Wales, registration number 13466461. The registered office is 60 Cannon Street, London, EC4N 6NP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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 period, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2022
15,900 
Additions
15,000 
At 31 December 2022
30,900 
Amortisation
At 1 July 2022
3,975 
Charge for the period
4,600 
At 31 December 2022
8,575 
Net book value
At 31 December 2022
22,325 
At 30 June 2022
11,925 
- 5 -
Fiat Republic Ltd Notes to the Accounts for the period from 1 July 2022 to 31 December 2022
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2022
15,975 
Additions
7,092 
At 31 December 2022
23,067 
Depreciation
At 1 July 2022
4,532 
Charge for the period
4,904 
At 31 December 2022
9,436 
Net book value
At 31 December 2022
13,631 
At 30 June 2022
11,443 
6
Debtors
31/12/2022 
30/06/2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
23,832 
Accrued income and prepayments
6,431 
24,902 
Other debtors
1,320,737 
262,919 
1,327,168 
311,653 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
606,722 
581,322 
Amounts due from group undertakings relate to the purchase of a subsidiary company
8
Creditors: amounts falling due within one year
31/12/2022 
30/06/2022 
£ 
£ 
VAT
12,325 
- 
Trade creditors
416,539 
77,422 
Taxes and social security
17,677 
33,387 
Other creditors
4,889 
- 
Accruals
4,350 
- 
455,780 
110,809 
9
Creditors: amounts falling due after more than one year
31/12/2022 
30/06/2022 
£ 
£ 
Other creditors
2,171,850 
1,182,500 
Other creditors comprises of - Convertable Loan Notes in the sum of £1,365,900 - Advance Subscription Agreement / SAFE - £805,950
- 6 -
Fiat Republic Ltd Notes to the Accounts for the period from 1 July 2022 to 31 December 2022
10
Average number of employees
During the period the average number of employees was 11 (30/06/2022: 10).
- 7 -