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REGISTERED NUMBER: 11185551 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CUBLOX LTD

CUBLOX LTD (REGISTERED NUMBER: 11185551)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CUBLOX LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Gerard Neu
Anthony Brown





REGISTERED OFFICE: 24 King William Street
London
EC4R 9AT





REGISTERED NUMBER: 11185551 (England and Wales)





ACCOUNTANTS: Defries Weiss (Accountants) Limited
1 Bridge Lane
London
NW11 0EA

CUBLOX LTD (REGISTERED NUMBER: 11185551)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 969 1,676
Investments 5 - 451,904
969 453,580

CURRENT ASSETS
Debtors 6 44,734 789,701
Cash at bank 11,076 423,324
55,810 1,213,025
CREDITORS
Amounts falling due within one year 7 976,562 76,078
NET CURRENT (LIABILITIES)/ASSETS (920,752 ) 1,136,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

(919,783

)

1,590,527

CREDITORS
Amounts falling due after more than one
year

8

-

1,129,665
NET (LIABILITIES)/ASSETS (919,783 ) 460,862

CAPITAL AND RESERVES
Called up share capital 1,296,344 582,125
Share premium 1,672,849 1,763,125
Retained earnings (3,888,976 ) (1,884,388 )
(919,783 ) 460,862

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.

CUBLOX LTD (REGISTERED NUMBER: 11185551)

BALANCE SHEET - continued
31 DECEMBER 2023


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 2 September 2024 and were signed on its behalf by:





Gerard Neu - Director


CUBLOX LTD (REGISTERED NUMBER: 11185551)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Cublox 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 the provisions of section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS102") and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Financial instruments
Basic financial assets and liabilities, including trade debtors and creditors, other debtors and creditors and amounts with related parties are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangements constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets and liabilities classified as receivable or payable within one year are not amortised.

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 3 (2022 - 2 ) .

CUBLOX LTD (REGISTERED NUMBER: 11185551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 2,122
DEPRECIATION
At 1 January 2023 446
Charge for year 707
At 31 December 2023 1,153
NET BOOK VALUE
At 31 December 2023 969
At 31 December 2022 1,676

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 451,904
Disposals (451,904 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 451,904

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 16,250 -
Other debtors 28,484 789,701
44,734 789,701

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 24,681 56,631
Amounts owed to group undertakings 912,362 -
Taxation and social security 9,031 13,001
Other creditors 30,488 6,446
976,562 76,078

CUBLOX LTD (REGISTERED NUMBER: 11185551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors - 1,129,665

9. ULTIMATE HOLDING COMPANY AND ULTIMATE CONTROLLING PARTY

The ultimate holding company is Finteva Ltd which is incorporated in England & Wales for which the registered office is 24 King William Street, London, EC4R 9AT. The ultimate controlling party is S8 d.d. which is incorporated in Slovenia and for which the registered office is 34a, Cesta V Gorice, 1000 Ljubljana.


10. GOING CONCERN

The financial statements have been prepared on a going concern basis, which is dependent on the continued support of the holding company. As the holding company does not intend to withdraw its support in the foreseeable future, the going concern basis is reasonable.


11. OPERATING LEASE COMMITMENT

At the balance sheet date the company was committed to rental payments of £2,068 (2022: £1,784) for office premises under lease that expired on 30 April 2024.This was all due under one year.