Silverfin false 31/03/2023 31/03/2023 01/04/2022 The principal activity of the Company during the financial year was creation and development of technology to protect businesses against the threats of ransomware. Mr Peter Jaco 23/02/2021 Mr Andrew McGoff 31/03/2021 Dr Peter Mclaren 11/01/2021 SC685619 2023-03-31 SC685619 bus:Director1 2023-03-31 SC685619 bus:Director2 2023-03-31 SC685619 bus:Director3 2023-03-31 SC685619 2022-03-31 SC685619 core:CurrentFinancialInstruments 2023-03-31 SC685619 core:CurrentFinancialInstruments 2022-03-31 SC685619 core:Non-currentFinancialInstruments 2023-03-31 SC685619 core:Non-currentFinancialInstruments 2022-03-31 SC685619 2022-04-01 2023-03-31 SC685619 bus:Micro-entities 2022-04-01 2023-03-31 SC685619 bus:FullAccounts 2022-04-01 2023-03-31 SC685619 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC685619 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC685619 bus:Director1 2022-04-01 2023-03-31 SC685619 bus:Director2 2022-04-01 2023-03-31 SC685619 bus:Director3 2022-04-01 2023-03-31 SC685619 2021-01-11 2022-03-31 iso4217:GBP xbrli:pure

Company No: SC685619 (Scotland)

MEMCRYPT LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH THE REGISTRAR

MEMCRYPT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023

Contents

MEMCRYPT LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
MEMCRYPT LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
DIRECTORS Mr Peter Jaco
Mr Andrew McGoff
Dr Peter Mclaren
REGISTERED OFFICE 7 To 11 Melville Street
Edinburgh
EH3 7PE
Scotland
United Kingdom
COMPANY NUMBER SC685619 (Scotland)
CHARTERED ACCOUNTANTS Johnston Carmichael LLP
7-11 Melville Street
Edinburgh
EH3 7PE
MEMCRYPT LIMITED

BALANCE SHEET

AS AT 31 MARCH 2023
MEMCRYPT LIMITED

BALANCE SHEET (continued)

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
31.03.2023 31.03.2022
£ £
Current assets 55,286 231,479
Creditors: amounts falling due within one year ( 21,125) ( 37,880)
Net current assets 34,161 193,599
Total assets less current liabilities 34,161 193,599
Creditors: amounts falling due after more than one year ( 400,000) ( 400,000)
Net liabilities ( 365,839) ( 206,401)
Capital and reserves ( 365,839) ( 206,401)

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Memcrypt Limited (registered number: SC685619) were approved and authorised for issue by the Board of Directors on 02 October 2023 and were signed on its behalf by:

Mr Peter Jaco
Director
MEMCRYPT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
MEMCRYPT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023

1. Company information

The Company is a private company limited by shares and is incorporated in the United Kingdom and registered in Scotland (Company no. SC685619). The address of its registered office is 7 To 11 Melville Street, Edinburgh, EH3 7PE, Scotland, United Kingdom.

2. Employees

Year ended
31.03.2023
Period from
11.01.2021 to
31.03.2022
Number Number
Monthly average number of persons employed by the Company during the financial year, including directors 3 3

3. Directors’ benefits: advances, credit and guarantees

Advances

An advance for Directors Loan Account was made to the directors on 31 March 2023 for £775. The directors loan is interest free , repayable on demand and unsecured.

4. Going Concern

Going Concern

The company continued to make a significant loss which was in line with the company's plan to invest in the technology and wider the platform to create a scalable platform for future growth.

The directors continually assess the funding needs of the company. At the point of approving the financial statements, the directors are confident they will be able to ensure that the company has sufficient funds for a 12 month period after the signing of the accounts based on their activity in considering various funding routes. Therefore conclude that it is appropriate to prepare the financial statements on a going concern basis.