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REGISTERED NUMBER: 12504298 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Snow Squared Ltd

Snow Squared Ltd (Registered number: 12504298)






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


Snow Squared Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Dr R E Allam
Dr A F Snow
Mr E B N Charvet
Mr C G Hoyer Millar
M Botto





SECRETARY:





REGISTERED OFFICE: 71-75 Shelton Street
London
WC2H 9JQ





REGISTERED NUMBER: 12504298 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Snow Squared Ltd (Registered number: 12504298)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,879 928

CURRENT ASSETS
Debtors 5 12,565 1,115
Cash at bank 12,988 685
25,553 1,800
CREDITORS
Amounts falling due within one year 6 138,743 3,117
NET CURRENT LIABILITIES (113,190 ) (1,317 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(111,311

)

(389

)

PROVISIONS FOR LIABILITIES 357 176
NET LIABILITIES (111,668 ) (565 )

CAPITAL AND RESERVES
Called up share capital 7 1 1
Share premium 8 224,938 55,001
Retained earnings 8 (336,607 ) (55,567 )
SHAREHOLDERS' FUNDS (111,668 ) (565 )

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 20 August 2024 and were signed on its behalf by:





Dr A F Snow - Director


Snow Squared Ltd (Registered number: 12504298)

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

1. STATUTORY INFORMATION

Snow Squared 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.

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.

Irrespective of this risk, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the next 12 months based on the expected continued support from the shareholders.

As such, having regard to the matters above, and after making reasonable enquiries, the directors have a reasonable expectation that the Company will have access to adequate resources to continue operations and to meet its liabilities, as and when they fall due for the next 12 months. For that reason, they continue to adopt the going concern basis in the preparation of the accounts.

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 reducing balance basis
Computer equipment - 33.33% on straight line basis

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.

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.

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 4 (2023 - 1 ) .

Snow Squared Ltd (Registered number: 12504298)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 116 1,577 1,693
Additions 1,675 - 1,675
At 31 March 2024 1,791 1,577 3,368
DEPRECIATION
At 1 April 2023 67 698 765
Charge for year 431 293 724
At 31 March 2024 498 991 1,489
NET BOOK VALUE
At 31 March 2024 1,293 586 1,879
At 31 March 2023 49 879 928

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 800
VAT 12,565 315
12,565 1,115

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 70,247 -
Social security and other taxes 23,209 -
Pensions Payable 2,696 -
Other creditors 40,973 -
Directors' loan accounts 418 2,518
Accrued expenses 1,200 599
138,743 3,117

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
120,069 Ordinary 0.00001 1 1

During the year the following share issues and allotments took place;

1) 11,945 Ordinary Shares of £0.00001 each were allotted as fully paid at a premium of £13.39 per share.

2) 597 Ordinary Shares of £0.00001 each were allotted as fully paid at a premium of £16.74 per share.

Snow Squared Ltd (Registered number: 12504298)

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

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 (55,567 ) 55,001 (566 )
Deficit for the year (281,040 ) (281,040 )
Cash share issue - 169,937 169,937
At 31 March 2024 (336,607 ) 224,938 (111,669 )