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REGISTERED NUMBER: 10549735 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Cubedots Ltd

Cubedots Ltd (Registered number: 10549735)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cubedots Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Atul Setia
Raj Narain Shukla





REGISTERED OFFICE: 93 Tabernacle Street
London
EC2A 4BA





REGISTERED NUMBER: 10549735 (England and Wales)





ACCOUNTANTS: Ramon Lee Ltd
93 Tabernacle Street
London
EC2A 4BA

Cubedots Ltd (Registered number: 10549735)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 371,551 424,630
Tangible assets 5 10,558 6,786
Investments 6 2,206 2,106
384,315 433,522

CURRENT ASSETS
Debtors 7 857,477 664,567
Cash at bank 15,737 103,098
873,214 767,665
CREDITORS
Amounts falling due within one year 8 (34,414 ) (157,723 )
NET CURRENT ASSETS 838,800 609,942
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,223,115

1,043,464

CREDITORS
Amounts falling due after more than one year 9 (221,175 ) (214,123 )
NET ASSETS 1,001,940 829,341

CAPITAL AND RESERVES
Called up share capital 10 676 1,166
Share premium 100,470 100,470
Capital redemption reserve 490 -
Retained earnings 900,304 727,705
SHAREHOLDERS' FUNDS 1,001,940 829,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Cubedots Ltd (Registered number: 10549735)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit And Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by:





Atul Setia - Director


Cubedots Ltd (Registered number: 10549735)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Cubedots Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates

INTANGIBLE ASSETS
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Development costs over 10 years

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less residual values over the useful life on the following basis :

Fixtures, fittings & equipment 33.33% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit And Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Cubedots Ltd (Registered number: 10549735)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

CASH AND CASH EQUIVALENTS
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

EMPLOYEE BENEFITS
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

FOREIGN EXCHANGE
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

FIXED ASSET INVESTMENT
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment. losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

EQUITY INSTRUMENTS
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Cubedots Ltd (Registered number: 10549735)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 July 2022
and 30 June 2023 530,787
AMORTISATION
At 1 July 2022 106,157
Amortisation for year 53,079
At 30 June 2023 159,236
NET BOOK VALUE
At 30 June 2023 371,551
At 30 June 2022 424,630

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2022 23,809
Additions 10,976
Disposals (5,826 )
At 30 June 2023 28,959
DEPRECIATION
At 1 July 2022 17,023
Charge for year 5,155
Eliminated on disposal (3,777 )
At 30 June 2023 18,401
NET BOOK VALUE
At 30 June 2023 10,558
At 30 June 2022 6,786

Cubedots Ltd (Registered number: 10549735)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. FIXED ASSET INVESTMENTS
Own
shares
£   
COST
At 1 July 2022 2,106
Additions 100
At 30 June 2023 2,206
NET BOOK VALUE
At 30 June 2023 2,206
At 30 June 2022 2,106

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 470,141 202,536
Other debtors 387,336 462,031
857,477 664,567

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors (6,993 ) 17,822
Taxation and social security 2,181 14,069
Other creditors 29,226 115,832
34,414 157,723

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,167 29,167
Other creditors 202,008 184,956
221,175 214,123

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
102,187 Ordinary Share Capital .01 676 1,166

Cubedots Ltd (Registered number: 10549735)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

11. INVESTMENT



Name of
Subsidiaries


Country of
Incorporation


Class of
Shares


% of
Shareholding
Nominal
Value of
Shares
Held

Capital
and
Reserves
Profit
and Loss
for the
year



Year ended
Cubedots
Private Limited

India
Ordinary
Shares

100%

£1,106.50

-£21,674

£15,451

31/03/2022
Cuengine TR
LTD
United
Kingdom
Ordinary
Shares

100%

£1,000

-£156

-£1,156

31/12/2021


Ultimate Parent Company-

Name of Subsidiaries
Country of
Incorporation
CUENGINE TURKEY GAYRIMENKUL TEKNOLOJILERI LTD. STI, Turkey (100% owned by
Cuengine TR Limited, Uk)

Turkey