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Company Registration No. 11495990 (England and Wales)
CYBERIADAI LTD Unaudited accounts for the year ended 31 December 2023
CYBERIADAI LTD Unaudited accounts Contents
Page
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CYBERIADAI LTD Company Information for the year ended 31 December 2023
Directors
Adam Dancewicz Martin Jasinski Piotr Surma
Company Number
11495990 (England and Wales)
Registered Office
Niddry Lodge 51 Holland Street London W8 7JB
Accountants
Salvares JBS Ltd Niddry Lodge 51 Holland Street London London W8 7JB
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CYBERIADAI LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
5,009,763 
5,304,909 
Current assets
Debtors
34,264,172 
38,223,135 
Cash at bank and in hand
690,195 
62,722,876 
34,954,367 
100,946,011 
Creditors: amounts falling due within one year
(12,215)
(62,465,905)
Net current assets
34,942,152 
38,480,106 
Net assets
39,951,915 
43,785,015 
Capital and reserves
Called up share capital
338 
338 
Share premium
6,217,648 
6,217,648 
Profit and loss account
33,733,929 
37,567,029 
Shareholders' funds
39,951,915 
43,785,015 
For the year 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 6 June 2024 and were signed on its behalf by
Piotr Surma Director Company Registration No. 11495990
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CYBERIADAI LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
CYBERIADAI LTD is a private company, limited by shares, registered in England and Wales, registration number 11495990. The registered office is Niddry Lodge, 51 Holland Street, London, W8 7JB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities and the Companies Act 2006.
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 year, 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.
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.
Investments
Investments in subsidiaries are measured at cost less impairment. Investments in shares are included at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in the fair value are included in the profit and loss account.
Small Groups
As at 31st December 2023 the Company was a parent company of Applica.ai, Inc., a company registered in the state of Delaware, USA.
4
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 January 2023
1 
5,304,908 
5,304,909 
Additions
- 
268,097 
268,097 
Fair value adjustments
- 
(563,243)
(563,243)
Valuation at 31 December 2023
1 
5,009,762 
5,009,763 
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CYBERIADAI LTD Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
12,816 
12,780 
Amounts due from group undertakings etc.
876 
- 
Accrued income and prepayments
- 
4,904 
Other debtors
34,250,480 
38,205,451 
34,264,172 
38,223,135 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
11,992 
50,087 
Amounts owed to group undertakings and other participating interests
1,434 
1,379 
Taxes and social security
(1,211)
(1,211)
Proposed dividends
- 
62,415,650 
12,215 
62,465,905 
7
Transactions with related parties
In 2022 the Company was the parent and the ultimate controlling party to two subsidiaries: Applica sp. z o.o., a Polish company and Applica.ai, Inc, an American company. In September 2022 the company disposed of shares in Applica sp. z o.o. As at 31/12/2023: - the value of investment in shares Applica.ai, Inc was 0.79 GBP - the value of loans to Applica.ai, Inc and interest accrued was 5,009,761.42
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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