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REGISTERED NUMBER: 11857449 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Sense Street Ltd

Sense Street Ltd (Registered number: 11857449)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sense Street Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr H M Hassan
M Gnutek
T Oprea





SECRETARY: CC Secretaries Limited





REGISTERED OFFICE: 1st Floor
One Suffolk Way
Sevenoaks
Kent
TN13 1YL





REGISTERED NUMBER: 11857449 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
1st Floor
One Suffolk Way
Sevenoaks
Kent
TN13 1YL

Sense Street Ltd (Registered number: 11857449)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,760 8,449
Tangible assets 5 13,186 20,974
Investments 6 997 942
26,943 30,365

CURRENT ASSETS
Debtors 7 1,499,167 508,246
Cash at bank 632,476 2,013,466
2,131,643 2,521,712
CREDITORS
Amounts falling due within one year 8 336,059 616,014
NET CURRENT ASSETS 1,795,584 1,905,698
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,822,527

1,936,063

CAPITAL AND RESERVES
Called up share capital 9 95 89
Share premium 10 4,981,551 4,033,782
Options reserve 10 21,585 -
Retained earnings 10 (3,180,704 ) (2,097,808 )
SHAREHOLDERS' FUNDS 1,822,527 1,936,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:




Mr H M Hassan - Director


Sense Street Ltd (Registered number: 11857449)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Sense Street Ltd 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.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts are prepared on a going concern basis as in the opinion of the directors the company has sufficient finance available to it to meet its obligations as they fall due for the foreseeable future, that is at least 12 months from the date of approval of the accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The 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. The company does not make significant estimates and assumptions concerning the future.

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

Intangible 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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


Sense Street Ltd (Registered number: 11857449)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company'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 11 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2023 9,388
Additions 5,250
At 31 March 2024 14,638
AMORTISATION
At 1 April 2023 939
Amortisation for year 939
At 31 March 2024 1,878
NET BOOK VALUE
At 31 March 2024 12,760
At 31 March 2023 8,449

Sense Street Ltd (Registered number: 11857449)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 492 34,930 35,422
Additions - 1,124 1,124
At 31 March 2024 492 36,054 36,546
DEPRECIATION
At 1 April 2023 169 14,279 14,448
Charge for year 123 8,789 8,912
At 31 March 2024 292 23,068 23,360
NET BOOK VALUE
At 31 March 2024 200 12,986 13,186
At 31 March 2023 323 20,651 20,974

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023 942
Exchange differences 55
At 31 March 2024 997
NET BOOK VALUE
At 31 March 2024 997
At 31 March 2023 942

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 34,500
Amounts owed by group undertakings 1,196,746 -
Other debtors 302,421 473,746
1,499,167 508,246

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 29,591 235,388
Taxation and social security 18,938 46,451
Other creditors 287,530 334,175
336,059 616,014

Sense Street Ltd (Registered number: 11857449)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
470,622 Ordinary 0.000 1 47 47
480,072 Seed Preferred 0.000 1 48 42
95 89

78 Ordinary shares of 0.0001 each were alloted and fully paid for cash at par during the year

125 Ordinary shares of 0.0001 each were alloted and fully paid at premium of £1.21 per share during the year.

57,187 Seed Preferred shares of 0.0001 each were alloted and fully paid at premium of £16.5729 per share during the year.

10. RESERVES
Retained Share Options
earnings premium reserve Totals
£    £    £    £   

At 1 April 2023 (2,097,808 ) 4,033,782 - 1,935,974
Deficit for the year (1,082,896 ) (1,082,896 )
Cash share issue - 947,769 - 947,769
Share based payments - - 21,585 21,585
At 31 March 2024 (3,180,704 ) 4,981,551 21,585 1,822,432

The Company has an equity settled option scheme.

The company has 66,042 options outstanding at the end of the period. These were granted over 4 years at exercise prices of £0.0001 and £1.21.
The company had 37,950 (2023: 45,206) options at the start of the year.
During the period 37,500 (2023: 24,900) options were granted.
During the period 9,205 (2023: 17,820) options were forfeited.
During the period 203 (2023: 14,336) options were exercised.
During the period nil (2023: nil) options expired.

The Company has 16,298 (2023: 1,806) exercisable options at the end of the period.

The fair value of the share options have been valued at £1.21 based up on the most recent valuation obtained.
The value of the options vested in the period was £21,585 (due to roundings) (2023: nil), this was charged to the profit and loss. The total carrying amount is £21,584.86 (2023: £0.18).

Sense Street Ltd (Registered number: 11857449)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr H M Hassan
Balance outstanding at start of year 596 391
Amounts advanced 100 205
Amounts repaid (596 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 100 596

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr H M Hassan.