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REGISTERED NUMBER: 12372146 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Bytepitch UK Limited

Bytepitch UK Limited (Registered number: 12372146)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bytepitch UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P M Barros Morgado





REGISTERED OFFICE: 85 Great Portland Street
First Floor
London
W1W 7LT





REGISTERED NUMBER: 12372146 (England and Wales)





ACCOUNTANTS: Alis Accountants Limited
The Lansdowne Building
No 2 Lansdowne Road
Croydon
CR9 2ER

Bytepitch UK Limited (Registered number: 12372146)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,467 1,116

CURRENT ASSETS
Debtors 5 43,977 92,574
Investments 6 - 53,578
Cash at bank 41,917 9,622
85,894 155,774
CREDITORS
Amounts falling due within one year 7 121,025 160,584
NET CURRENT LIABILITIES (35,131 ) (4,810 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(33,664

)

(3,694

)

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 8 (133,415 ) (91,690 )
Retained earnings 99,750 87,995
(33,664 ) (3,694 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Bytepitch UK Limited (Registered number: 12372146)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 August 2024 and were signed by:





P M Barros Morgado - Director


Bytepitch UK Limited (Registered number: 12372146)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Bytepitch UK Limited 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.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

Bytepitch UK Limited (Registered number: 12372146)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 1,488
Additions 953
At 31 December 2023 2,441
DEPRECIATION
At 1 January 2023 372
Charge for year 602
At 31 December 2023 974
NET BOOK VALUE
At 31 December 2023 1,467
At 31 December 2022 1,116

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.23 31.12.22
£    £   
Trade debtors 43,827 90,486
Other debtors 150 2,088
43,977 92,574

6. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Digital assets - 53,578

Bytepitch UK Limited (Registered number: 12372146)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.23 31.12.22
£    £   
Trade creditors 117,242 120,728
Taxation and social security 2,783 12,861
Other creditors 1,000 26,995
121,025 160,584

8. RESERVES
Fair
value
reserve
£   
At 1 January 2023 (91,690 )
Digital assets (41,725 )

At 31 December 2023 (133,415 )

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Bytepitch Software Engineering S.A..

The ultimate parent company is Bytepitch Software Engineering S.A., a company incorporated in Portugal.Their registered office is Rua Santos Pousada, 441 4000-486 Porto Portugal.