Company Registration No. 11374977 (England and Wales)
Deephound Ltd
Unaudited accounts
for the year ended 31 May 2023
Deephound Ltd
Unaudited accounts
Contents
Deephound Ltd
Company Information
for the year ended 31 May 2023
Directors
Soraya De Angelis
Khurram Syed Hassan
Claudio La Torre
Rosbeh Zakikhani Nejad Arange
Company Number
11374977 (England and Wales)
Registered Office
20 Fitzroy Square
London
W1T 6EJ
Accountants
WellTax Limited
20 Fitzroy Square
London
W1T 6EJ
Deephound Ltd
Statement of financial position
as at 31 May 2023
Intangible assets
262
24,753
Cash at bank and in hand
261
7,560
Creditors: amounts falling due within one year
(80,733)
(127,959)
Net current liabilities
(72,372)
(64,142)
Net liabilities
(71,683)
(33,753)
Called up share capital
11
11
Share premium
158,993
158,993
Profit and loss account
(230,687)
(192,757)
Shareholders' funds
(71,683)
(33,753)
For the year ending 31 May 2023 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 31 January 2024 and were signed on its behalf by
Rosbeh Zakikhani Nejad Arange
Director
Company Registration No. 11374977
Deephound Ltd
Notes to the Accounts
for the year ended 31 May 2023
Deephound Ltd is a private company, limited by shares, registered in England and Wales, registration number 11374977. The registered office is 20 Fitzroy Square, London, W1T 6EJ.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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
25.00% reducing balance
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. Amortisation is calculated, using the straight-line method, to allocate the depreciable amount of the assets to their residual values over their estimated useful lives, as follows:
Software: 20.00% Straight Line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Deephound Ltd
Notes to the Accounts
for the year ended 31 May 2023
4
Intangible fixed assets
Other
Charge for the year
24,491
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
464
614
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
4,828
14,118
Taxes and social security
-
500
Other creditors
112,747
113,341
Loans from directors
(40,468)
-
Deephound Ltd
Notes to the Accounts
for the year ended 31 May 2023
Allotted, called up and fully paid:
11,105,000 Ordinary shares of £0.000001 each
11.10
11.10
196,578 SAFE preferred ordinary shares of £0.000001 each
0.19
0.19
During the previous years, the company advanced an unsecured loan to Rosbeh Zakikhani Nejad Arange, a director of the company. This is repayable on demand with the interest calculated at 2.00% p.a. The residual balance at the beginning of the year was £44,739 while at the year-end was £45,576.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).