1 November 2022 false No description of principal activity Taxfiler 2024.4 true 11007628business:PrivateLimitedCompanyLtd2022-11-012023-12-31 110076282022-10-31 110076282022-11-012023-12-31 11007628business:AuditExempt-NoAccountantsReport2022-11-012023-12-31 11007628business:FilletedAccounts2022-11-012023-12-31 110076282023-12-31 11007628business:Director12022-11-012023-12-31 11007628business:Director22022-11-012023-12-31 11007628business:RegisteredOffice2022-11-012023-12-31 110076282022-10-31 11007628core:WithinOneYear2023-12-31 11007628core:WithinOneYear2022-10-31 11007628core:AfterOneYear2023-12-31 11007628core:AfterOneYear2022-10-31 11007628core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 11007628core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 11007628core:SharePremiumcore:PreviouslyStatedAmount2023-12-31 11007628core:SharePremiumcore:PreviouslyStatedAmount2022-10-31 11007628core:CapitalContributionReservecore:PreviouslyStatedAmount2023-12-31 11007628core:CapitalContributionReservecore:PreviouslyStatedAmount2022-10-31 11007628core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 11007628core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 11007628core:PreviouslyStatedAmount2023-12-31 11007628core:PreviouslyStatedAmount2022-10-31 11007628business:SmallEntities2022-11-012023-12-31 11007628countries:EnglandWales2022-11-012023-12-31 11007628core:PlantMachinery2022-10-31 11007628core:FurnitureFittings2022-10-31 11007628core:ComputerEquipment2022-10-31 11007628core:PlantMachinery2022-11-012023-12-31 11007628core:FurnitureFittings2022-11-012023-12-31 11007628core:ComputerEquipment2022-11-012023-12-31 11007628core:PlantMachinery2023-12-31 11007628core:FurnitureFittings2023-12-31 11007628core:ComputerEquipment2023-12-31 11007628core:AdditionsToInvestments2023-12-31 110076282021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 11007628 (England and Wales)
Passby Technologies Limited Unaudited accounts for the period from 1 November 2022 to 31 December 2023
Passby Technologies Limited Unaudited accounts Contents
Page
- 2 -
Passby Technologies Limited Company Information for the period from 1 November 2022 to 31 December 2023
Directors
Mr Sam Oliver AMRANI Grosvenor Corporate Services Limited
Company Number
11007628 (England and Wales)
Registered Office
4 Bloomsbury Place London WC1A 2QA United Kingdom
Accountants
The Accountancy Cloud 1 Fore Street Avenue London EC2Y 9DT
- 3 -
Passby Technologies Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,403 
20,247 
Investments
16,237,722 
- 
16,249,125 
20,247 
Current assets
Debtors
555,659 
448,133 
Cash at bank and in hand
539,922 
74,904 
1,095,581 
523,037 
Creditors: amounts falling due within one year
(374,079)
(1,073,865)
Net current assets/(liabilities)
721,502 
(550,828)
Total assets less current liabilities
16,970,627 
(530,581)
Creditors: amounts falling due after more than one year
(12,451,044)
(445,867)
Net assets/(liabilities)
4,519,583 
(976,448)
Capital and reserves
Called up share capital
52 
24 
Share premium
8,916,996 
3,777,948 
Capital contribution reserve
1,593,778 
- 
Profit and loss account
(5,991,243)
(4,754,420)
Shareholders' funds
4,519,583 
(976,448)
For the period ending 31 December 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 25 July 2024 and were signed on its behalf by
Mr Sam Oliver AMRANI Director Company Registration No. 11007628
- 4 -
Passby Technologies Limited Notes to the Accounts for the period from 1 November 2022 to 31 December 2023
1
Statutory information
Passby Technologies Limited is a private company, limited by shares, registered in England and Wales, registration number 11007628. The registered office is 4 Bloomsbury Place, London, WC1A 2QA, United Kingdom.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future.
Foreign exchange
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.
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:
Turnover
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.
- 5 -
Passby Technologies Limited Notes to the Accounts for the period from 1 November 2022 to 31 December 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
14,647 
10,955 
38,109 
63,711 
Additions
- 
9,480 
42,181 
51,661 
At 31 December 2023
14,647 
20,435 
80,290 
115,372 
Depreciation
At 1 November 2022
9,237 
9,216 
25,011 
43,464 
Charge for the period
5,410 
10,837 
44,495 
60,742 
Surplus on revaluation
- 
- 
(237)
(237)
At 31 December 2023
14,647 
20,053 
69,269 
103,969 
Net book value
At 31 December 2023
- 
382 
11,021 
11,403 
At 31 October 2022
5,410 
1,739 
13,098 
20,247 
5
Investments
Other investments 
£ 
Valuation at 1 November 2022
- 
Additions
16,237,722 
Valuation at 31 December 2023
16,237,722 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
33,102 
- 
Trade debtors
397,752 
412,870 
Accrued income and prepayments
124,805 
21,351 
Other debtors
- 
13,912 
555,659 
448,133 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
145,486 
116,365 
Taxes and social security
60,477 
34,065 
Other creditors
- 
917,110 
Loans from directors
1,928 
- 
Deferred income
166,188 
6,325 
374,079 
1,073,865 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
12,451,044 
445,867 
- 6 -
Passby Technologies Limited Notes to the Accounts for the period from 1 November 2022 to 31 December 2023
9
Transactions with related parties
Intercompany loan of £12,529,560.08 to Tamoco Ltd Interest free loan between the two companies.
10
Average number of employees
During the period the average number of employees was 4 (2022: 0).
- 7 -