2022-12-082023-12-312023-12-31false14530951BTRT 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BTRT LTD

Registered Number
14530951
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2023

BTRT LTD
Company Information
for the period from 8 December 2022 to 31 December 2023

Directors

CONLEY, Sean Niles
STOLL, Samuel Alexander

Company Secretary

OHS SECRETARIES LIMITED

Registered Address

9th Floor 107 Cheapside
London
EC2V 6DN

Registered Number

14530951 (England and Wales)
BTRT LTD
Balance Sheet as at
31 December 2023

Notes

2023

£

£

Fixed assets
Tangible assets36,047
6,047
Current assets
Debtors493,079
Cash at bank and on hand588,891
681,970
Creditors amounts falling due within one year5(4,287)
Net current assets (liabilities)677,683
Total assets less current liabilities683,730
Creditors amounts falling due after one year6(974,767)
Net assets(291,037)
Capital and reserves
Called up share capital10
Profit and loss account(291,047)
Shareholders' funds(291,037)
The financial statements were approved and authorised for issue by the Board of Directors on 5 September 2024, and are signed on its behalf by:
CONLEY, Sean Niles
Director
Registered Company No. 14530951
BTRT LTD
Notes to the Financial Statements
for the period ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

2023
Average number of employees during the year4
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions7,5197,519
At 31 December 237,5197,519
Depreciation and impairment
Charge for year1,4721,472
At 31 December 231,4721,472
Net book value
At 31 December 236,0476,047
At 07 December 22--
4.Debtors: amounts due within one year

2023

£
Other debtors92,758
Prepayments and accrued income321
Total93,079
5.Creditors: amounts due within one year

2023

£
Other creditors3,555
Accrued liabilities and deferred income732
Total4,287
6.Creditors: amounts due after one year

2023

£
Convertible loans974,767
Total974,767
Included in liabilities more than one year are Simple Agreements for Future Equity (SAFE) totalling £974,767 ($1,240,000). The SAFE agreements are non-repayable and are expected convert into equity in a future equity funding round.