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Company Registration No. SC714620 (Scotland)
OPHIDIAN LTD
Financial Statements
for the Period from 01 December 2022 to 30 November 2023

OPHIDIAN LTD

Financial Statements for the period ending 30 November 2023

OPHIDIAN LTD

Financial Statements for the period ending 30 November 2023

Notes to the Accounts

1. Statutory Information
OPHIDIAN LTD is a private company, limited by shares, registered in Scotland, registration number SC714620.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.

OPHIDIAN LTD

Financial Statements for the period ending 30 November 2023

Notes to the Accounts

Intangible Asset Policy
(a) Intangible Assets are recognised with indefinite useful life. Asset classes are cryptocurrency & NFTs.(b) These assets were judged to have an indefinite useful life as given that digital assets and cryptocurrency are designed to act as a store of value over time, they would be considered to be intangible assets (identifiable, non-monetary and without physical substance) with an indefinite life for the purposes of IAS 38.(c) All Assets recorded at cost and revaluation method used under IAS 38 using fair market value at end of accounting period. All assets acquired separately.(d) Additions: £7,515Disposals: £9,748Impairment Losses from revaluation (recognised in Income Statement in accordance with IAS 36): £126)Losses on Disposals: £(75)(e) Carrying amounts of assets are as follows:NFT: £128Cryptocurrency: £8Total: £136

OPHIDIAN LTD

Financial Statements for the period ending 30 November 2023

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2023 0
2022 0
4. Principal Activity
Digital Assets

OPHIDIAN LTD

Financial Statements for the period ending 30 November 2023

Notes to the Accounts

5. Intangible Assets
Goodwill Other Total
Cost £ £ £
At 01/12/2022 - 2,570 2,570
Additions - 7,515 7,515
Disposals - (9,748) (9,748)
Revaluations - (201) (201)
At 30/11/2023 - 136 136
Amortisation
At 01/12/2022 - - -
Charge for the Year - - -
On Disposals - - -
Other increases/(decreases) - - -
At end of period - - -
Net book value
At 30/11/2023 - 136 136
At 30/11/2022 - 2,570 2,570