2022-05-312023-05-312023-05-31false14144591SABLIER LABS 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SABLIER LABS LTD

Registered Number
14144591
(England and Wales)

Unaudited Financial Statements for the Period ended
31 May 2023

SABLIER LABS LTD
Company Information
for the period from 31 May 2022 to 31 May 2023

Directors

APOSTU, Razvan-Gabriel
BERG, Paul Razvan

Registered Address

The London Office,
85 Great Portland Street
London
W1W 7LT

Registered Number

14144591 (England and Wales)
SABLIER LABS LTD
Balance Sheet as at
31 May 2023

Notes

2023

£

£

Fixed assets
Intangible assets54,951,715
4,951,715
Current assets
Debtors611,419
Cash at bank and on hand520,722
532,141
Creditors amounts falling due within one year7(302)
Net current assets (liabilities)531,839
Total assets less current liabilities5,483,554
Net assets5,483,554
Capital and reserves
Called up share capital1,365
Share premium6,397,268
Profit and loss account(915,079)
Shareholders' funds5,483,554
The financial statements were approved and authorised for issue by the Board of Directors on 13 October 2023, and are signed on its behalf by:
BERG, Paul Razvan
Director
Registered Company No. 14144591
SABLIER LABS LTD
Notes to the Financial Statements
for the period ended 31 May 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Intangible assets policy
Intangible assets are as follows: Domain names - amortised over estimated life of 5 years Intellectual property -amortised over estimated life of 10 years Crypto currencies - revalued to fair value at year end
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

2023
Average number of employees during the year0
5.Intangible assets

Other

Total

££
Cost or valuation
Additions5,291,5315,291,531
At 31 May 235,291,5315,291,531
Amortisation and impairment
Charge for year339,816339,816
At 31 May 23339,816339,816
Net book value
At 31 May 234,951,7154,951,715
At 30 May 22--
6.Debtors

2023

£
Other debtors11,419
Total11,419
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

£
Trade creditors / trade payables302
Total302
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.