2022-09-012023-08-312023-08-31false12155691ZERO KNOWLEDGE VALIDATION 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ZERO KNOWLEDGE VALIDATION LTD

Registered Number
12155691
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

ZERO KNOWLEDGE VALIDATION LTD
Company Information
for the year from 1 September 2022 to 31 August 2023

Directors

HARBORNE, William Marcus Sherriff
ROSE, Anna Rae

Registered Address

International House
12 Constance Street
London
E16 2DQ

Registered Number

12155691 (England and Wales)
ZERO KNOWLEDGE VALIDATION LTD
Balance Sheet as at
31 August 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets51,887,3211,607,244
Investments6440,173357,579
2,327,4941,964,823
Current assets
Debtors742,388589,116
Cash at bank and on hand310,410199,840
352,798788,956
Creditors amounts falling due within one year8(99,496)(278,303)
Net current assets (liabilities)253,302510,653
Total assets less current liabilities2,580,7962,475,476
Net assets2,580,7962,475,476
Capital and reserves
Called up share capital143143
Profit and loss account2,580,6532,475,333
Shareholders' funds2,580,7962,475,476
The financial statements were approved and authorised for issue by the Board of Directors on 26 January 2024, and are signed on its behalf by:
HARBORNE, William Marcus Sherriff
Director
Registered Company No. 12155691
ZERO KNOWLEDGE VALIDATION LTD
Notes to the Financial Statements
for the year ended 31 August 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 relate to holdings of crypto assets revalued at exchange rates from recognised crypto exchanges.
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.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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 fair value are included in the profit and loss account.
4.Employee information

20232022
Average number of employees during the year00
5.Intangible assets

Other

Total

££
Cost or valuation
At 01 September 221,607,2441,607,244
Additions280,077280,077
At 31 August 231,887,3211,887,321
Net book value
At 31 August 231,887,3211,887,321
At 31 August 221,607,2441,607,244
6.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 September 22357,579357,579
Additions82,59482,594
At 31 August 23440,173440,173
Net book value
At 31 August 23440,173440,173
At 31 August 22357,579357,579

Notes

1Other investments other than loans
7.Debtors

2023

2022

££
Other debtors42,388589,116
Total42,388589,116
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.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables12,58016,177
Taxation and social security73,607217,889
Other creditors13,30944,237
Total99,496278,303
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.