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REGISTERED NUMBER: 11147340 (England and Wales)















Report of the Directors and

Unaudited Consolidated Financial Statements for the Year Ended 31 December 2023

for

Adamantean Consulting Limited

Adamantean Consulting Limited (Registered number: 11147340)






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




Page

Company Information 1

Report of the Directors 2

Consolidated Income Statement 3

Consolidated Other Comprehensive Income 4

Consolidated Balance Sheet 5

Company Balance Sheet 7

Consolidated Statement of Changes in Equity 9

Company Statement of Changes in Equity 10

Notes to the Consolidated Financial Statements 11


Adamantean Consulting Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S F Arlow
D G Payne
G J Wilding
A E Langford
P A Samengo-Turner





REGISTERED OFFICE: Unit 4 Summerlea Court
Herriard
Basingstoke
RG25 2PN





REGISTERED NUMBER: 11147340 (England and Wales)





ACCOUNTANTS: Styles & Associates Limited
Berkeley House
Amery Street
Alton
Hampshire
GU34 1HN

Adamantean Consulting Limited (Registered number: 11147340)

Report of the Directors
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of the provision of financial leasing.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

S F Arlow
D G Payne
G J Wilding
A E Langford
P A Samengo-Turner

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





G J Wilding - Director


16 July 2024

Adamantean Consulting Limited (Registered number: 11147340)

Consolidated Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER 731,908 802,255

Cost of sales 285,686 371,858
GROSS PROFIT 446,222 430,397

Administrative expenses 187,346 182,830
258,876 247,567

Other operating income 883 -
OPERATING PROFIT 4 259,759 247,567

Interest receivable and similar income 724 41
260,483 247,608

Interest payable and similar expenses 4,346 1,276
PROFIT BEFORE TAXATION 256,137 246,332

Tax on profit 45,696 48,222
PROFIT FOR THE FINANCIAL YEAR 210,441 198,110
Profit attributable to:
Owners of the parent 210,441 198,110

Adamantean Consulting Limited (Registered number: 11147340)

Consolidated Other Comprehensive Income
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

PROFIT FOR THE YEAR 210,441 198,110


OTHER COMPREHENSIVE INCOME
Cryptocurrency Revaluation 5,996 (6,329 )
Income tax relating to other comprehensive
income

-

-
OTHER COMPREHENSIVE INCOME
FOR THE YEAR, NET OF INCOME TAX

5,996

(6,329

)
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

216,437

191,781

Total comprehensive income attributable to:
Owners of the parent 216,437 191,781

Adamantean Consulting Limited (Registered number: 11147340)

Consolidated Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 10,213 4,217
Tangible assets 7 912 2,918
Investments 8 - -
11,125 7,135

CURRENT ASSETS
Debtors 9 270,615 191,110
Cash at bank 147,758 62,194
418,373 253,304
CREDITORS
Amounts falling due within one year 10 201,573 126,381
NET CURRENT ASSETS 216,800 126,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,925

134,058

CREDITORS
Amounts falling due after more than one
year

11

(132,095

)

(46,688

)

PROVISIONS FOR LIABILITIES (181 ) (603 )
NET ASSETS 95,649 86,767

CAPITAL AND RESERVES
Called up share capital 12 20,000 20,000
Share premium 4,000 4,000
Revaluation reserve 13 213 (5,783 )
Retained earnings 71,436 68,550
SHAREHOLDERS' FUNDS 95,649 86,767

The company and the group are 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 and the group 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 directors acknowledge their responsibilities for:
(a) ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

Adamantean Consulting Limited (Registered number: 11147340)

Consolidated Balance Sheet - continued
31 December 2023


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

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2024 and were signed on its behalf by:





G J Wilding - Director


Adamantean Consulting Limited (Registered number: 11147340)

Company Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 10,213 4,217
Tangible assets 7 777 2,109
Investments 8 70,000 70,000
80,990 76,326

CURRENT ASSETS
Debtors 9 9,971 120,816
Cash at bank 73,733 7,755
83,704 128,571
CREDITORS
Amounts falling due within one year 10 142,204 174,723
NET CURRENT LIABILITIES (58,500 ) (46,152 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,490

30,174

PROVISIONS FOR LIABILITIES 148 401
NET ASSETS 22,342 29,773

CAPITAL AND RESERVES
Called up share capital 12 20,000 20,000
Revaluation reserve 13 213 (5,783 )
Retained earnings 2,129 15,556
SHAREHOLDERS' FUNDS 22,342 29,773

Company's profit for the financial year 194,128 179,554

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 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.

Adamantean Consulting Limited (Registered number: 11147340)

Company Balance Sheet - continued
31 December 2023


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

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2024 and were signed on its behalf by:





G J Wilding - Director


Adamantean Consulting Limited (Registered number: 11147340)

Consolidated Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Share Revaluation Total
capital earnings premium reserve equity
£    £    £    £    £   
Balance at 1 January 2022 90,000 44,559 4,000 546 139,105

Changes in equity
Issue of share capital (70,000 ) - - - (70,000 )
Dividends - (174,119 ) - - (174,119 )
Total comprehensive income - 198,110 - (6,329 ) 191,781
Balance at 31 December 2022 20,000 68,550 4,000 (5,783 ) 86,767

Changes in equity
Dividends - (207,555 ) - - (207,555 )
Total comprehensive income - 210,441 - 5,996 216,437
Balance at 31 December 2023 20,000 71,436 4,000 213 95,649

Adamantean Consulting Limited (Registered number: 11147340)

Company Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 January 2022 20,000 10,121 546 30,667

Changes in equity
Dividends - (174,119 ) - (174,119 )
Total comprehensive income - 179,554 (6,329 ) 173,225
Balance at 31 December 2022 20,000 15,556 (5,783 ) 29,773

Changes in equity
Dividends - (207,555 ) - (207,555 )
Total comprehensive income - 194,128 5,996 200,124
Balance at 31 December 2023 20,000 2,129 213 22,342

Adamantean Consulting Limited (Registered number: 11147340)

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

1. STATUTORY INFORMATION

Adamantean Consulting 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 General Information page.

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


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates
In preparing the financial statements in accordance with FRS 102, management is required to make judgements, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

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 represents net invoiced sales of goods and services, excluding value added tax.

Cryptocurrency assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Cryptocurrencies are being amortised evenly over their estimated useful life of nil years.

IAS 38 allows intangible assets to be measured at cost or revaluation. Using the revaluation model, intangible assets can be carried at a revalued amount if there is an active market for them

IFRS 13 defines an active market, and judgement should be applied to determine whether an active market exists for particular cryptocurrencies. As there is daily trading of Bitcoin, it is easy to demonstrate that such a market exists. A quoted market price in an active market provides the most reliable evidence of fair value and is used without adjustment to measure fair value whenever available.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 50% on cost and 33% on cost


Adamantean Consulting Limited (Registered number: 11147340)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

The average number of employees by undertakings that were proportionately consolidated during the year was 5 (2022 - 5 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.12.23 31.12.22
£    £   
Depreciation - owned assets 2,006 2,336

5. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


Adamantean Consulting Limited (Registered number: 11147340)

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

6. INTANGIBLE FIXED ASSETS

Group
Cryptocurren
£   
COST OR VALUATION
At 1 January 2023 4,217
Revaluations 5,996
At 31 December 2023 10,213
NET BOOK VALUE
At 31 December 2023 10,213
At 31 December 2022 4,217

Cost or valuation at 31 December 2023 is represented by:

Cryptocurren
£   
Valuation in 2021 10,546
Valuation in 2022 (6,329 )
Valuation in 2023 5,996
10,213

If the following historic cost had not been revalued it would have been including at the following historical cost:

31.12.21
£
Cost 10,000

Cryptocurrencies was valued on an open market basis on 31 December 2023.

Company
Cryptocurren
£   
COST OR VALUATION
At 1 January 2023 4,217
Revaluations 5,996
At 31 December 2023 10,213
NET BOOK VALUE
At 31 December 2023 10,213
At 31 December 2022 4,217

Adamantean Consulting Limited (Registered number: 11147340)

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

6. INTANGIBLE FIXED ASSETS - continued

Company

Cost or valuation at 31 December 2023 is represented by:

Cryptocurren
£   
Valuation in 2021 10,546
Valuation in 2022 (6,329 )
Valuation in 2023 5,996
10,213

If the following historic cost had not been revalued it would have been including at the following historical cost:

31.12.21
£
Cost10,000

Cryptocurrencies was valued on an open market basis on 31 December 2023.

7. TANGIBLE FIXED ASSETS

Group
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 11,003
DEPRECIATION
At 1 January 2023 8,085
Charge for year 2,006
At 31 December 2023 10,091
NET BOOK VALUE
At 31 December 2023 912
At 31 December 2022 2,918

Adamantean Consulting Limited (Registered number: 11147340)

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

7. TANGIBLE FIXED ASSETS - continued

Company
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 5,320
DEPRECIATION
At 1 January 2023 3,211
Charge for year 1,332
At 31 December 2023 4,543
NET BOOK VALUE
At 31 December 2023 777
At 31 December 2022 2,109

8. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 70,000
NET BOOK VALUE
At 31 December 2023 70,000
At 31 December 2022 70,000


9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Trade debtors 257,668 161,471 - 340
Amounts owed by group undertakings - 8,704 - 98,401
Other debtors 12,947 20,935 9,971 22,075
270,615 191,110 9,971 120,816

Adamantean Consulting Limited (Registered number: 11147340)

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

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Bank loans and overdrafts 6,626 3,313 - -
Trade creditors 28,167 22,609 13,211 13,989
Amounts owed to group undertakings - 8,704 126,000 158,829
Taxation and social security 46,310 70,073 (212 ) (1,300 )
Other creditors 120,470 21,682 3,205 3,205
201,573 126,381 142,204 174,723

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
31.12.23 31.12.22
£    £   
Bank loans 40,054 46,688
Other creditors 92,041 -
132,095 46,688

Amounts falling due in more than five years:

Group
31.12.23 31.12.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 13,551 20,185

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
10,100 Ordinary 'A' £1 10,100 10,100
4,300 Ordinary 'B' £1 4,300 4,300
1,000 Ordinary 'C' £1 1,000 1,000
4,300 Ordinary 'D' £1 4,300 4,300
300 Ordinary 'E' £1 300 300
20,000 20,000

Adamantean Consulting Limited (Registered number: 11147340)

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

13. RESERVES

Group
Revaluation
reserve
£   
At 1 January 2023 (5,783 )
Cryptocurrency Revaluation 5,996

At 31 December 2023 213

Company
Revaluation
reserve
£   
At 1 January 2023 (5,783 )
Cryptocurrency Revaluation 5,996

At 31 December 2023 213


14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
G J Wilding
Balance outstanding at start of year 4,233 2,564
Amounts advanced - 4,545
Amounts repaid (4,233 ) (2,876 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,233

S F Arlow
Balance outstanding at start of year 3,687 (936 )
Amounts advanced - 4,935
Amounts repaid (3,687 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,687

D G Payne
Balance outstanding at start of year 3,687 (936 )
Amounts advanced - 4,935
Amounts repaid (3,687 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,687

Adamantean Consulting Limited (Registered number: 11147340)

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

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

At the year end, the directors owed the company £nil (2022: £11,607).