Company Registration No. 12875570 (England and Wales)
DROPALO UK LTD
Annual Report and Statement of Accounts
For the Period from 01 October 2022 to 30 September 2023

DROPALO UK LTD

Annual report and statement of accounts for the period ending 30/09/2023

DROPALO UK LTD

Financial statement for the period ended 30/09/2023

Company Information

1 Statutory Information
Company Number 12875570
Registered Office 71-75 SHELTON STREET
LONDON
WC2H 9JQ
2 Directors
Directors who held office during the period were:
Kwesi Jhannon FANUS   
XROSP TECHNOLOGIES LTD   
Latn BLACK Resigned   16/05/2022
Heather PAYNE Resigned   03/12/2022
3 Principal Activity
Dropalo is a multi-purpose, location based, time-restricted social messaging platform; a hyper-local solution for towns and cities, which can also be used for digital twins and a global bulletin board where messages have a life span and eventually expire. R&D activities are still ongoing. The company is working towards creating solutions that increase footfall and boost economic activity across high streets and level up SMEs across Great Britain. The technology being developed also aims to provide solutions to public social challenges and whilst providing a transparent solution for locals sustainable shopping experiences, (for both residents and visitors) across towns and cities in the Great Britain.
4 Employees
Average number of employees, including directors, during the year was as follows:
2023 1
2022 1

DROPALO UK LTD

Financial statement for the period ended 30/09/2023

Statement of Financial Position

2023 2022
£ £
Fixed Assets 25,600 25,600
Current Assets 10,012 -
Creditors: amounts falling due within one year (30,450) (41,700)
Net Current Assets (20,438) (41,700)
Total assets less current liabilities 5,162 (16,100)
Creditors: amounts falling due after one year (41,700) -
Net Assets (36,538) (16,100)
Capital and reserves (36,538) (16,100)
For the period ending 30/09/2023 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on 16 October 2023
Kwesi J Fanus
Company Registration No. 12875570