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Registered number: 12888622
Privacysavvy Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2023
Fallon & Partners Accountancy LLP
27 Old Gloucester Street
London
WC1N 3AX
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12888622
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 20,368 -
20,368 -
CURRENT ASSETS
Debtors 5 34,945 41,960
Cash at bank and in hand 8,599 5,271
43,544 47,231
Creditors: Amounts Falling Due Within One Year 6 (212,629 ) (4,288 )
NET CURRENT ASSETS (LIABILITIES) (169,085 ) 42,943
TOTAL ASSETS LESS CURRENT LIABILITIES (148,717 ) 42,943
Creditors: Amounts Falling Due After More Than One Year 7 - (79,891 )
NET LIABILITIES (148,717 ) (36,948 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Other reserves 31,652 31,652
Profit and Loss Account (180,469 ) (68,700 )
SHAREHOLDERS' FUNDS (148,717) (36,948)
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For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ali Qamar
Director
15/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Privacysavvy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12888622 . The registered office is Office 401 34-37 Liverpool Street, London, EC2M 7PP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and the Republic of Ireland - and the Companies Act 2006.
2.2. Going Concern Disclosure
The company's shareholders have agreed to provide financial support to the company to enable it to continue as a going concern. 
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises income from sales commissions and is recognised at the point the company is entitled to the commission.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets represent a web site under development which will be amortised to profit and loss account over its estimated economic life of 10 years from the date the web site is completed.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade creditors, bank loans and loans from related companies are initially recognised at the transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash, deposits held at call with banks, other shortterm liquid investments with original maturities of three months or less, and bank overdrafts.
2.6. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Intangible Assets
Other
£
Cost
As at 1 October 2022 -
Additions 20,368
As at 30 September 2023 20,368
Net Book Value
As at 30 September 2023 20,368
As at 1 October 2022 -
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 29,604 39,465
Other debtors 5,241 2,395
Called up share capital not paid 100 100
34,945 41,960
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other loans 35,282 -
Other creditors 450 4,288
Loans from shareholders 176,897 -
212,629 4,288
Loans from shareholders and other loans are unsecured, interest-free and are repayable on demand or when the company is in a position to repay them.  Accordingly, all loans have been reclassified as due within 12 months of the balance sheet date.
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Shareholder loans - 79,891
- 79,891
Shareholder loans in the prior year were unsecured, bore interest at 10% per annum, and had no fixed repayment terms. During the year ended 30 September 2023, the loans were reclassified as unsecured, interest-free and repayable on demand and were reclassified as liabilities due within one year.
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8. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
9. Controlling Party
The company's controlling party is Ali Qamar by virtue of his ownership of more than 50% of the issued share capital in the company.
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