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REGISTERED NUMBER: 12207876 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 31 December 2023

for

Unlock Technologies Ltd

Unlock Technologies Ltd (Registered number: 12207876)






Contents of the Financial Statements
for the Period 1 April 2023 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Unlock Technologies Ltd

Company Information
for the Period 1 April 2023 to 31 December 2023







DIRECTORS: D Bhatt
E Rezinsky
M Wlosinska





REGISTERED OFFICE: 63 Bermondsey Street
London
SE1 3XF





REGISTERED NUMBER: 12207876 (England and Wales)





ACCOUNTANTS: Dragon Argent Limited
63 Bermondsey Street
London
SE1 3XF

Unlock Technologies Ltd (Registered number: 12207876)

Balance Sheet
31 December 2023

31.12.23 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 250 753

CURRENT ASSETS
Debtors 5 21,791 256,544
Cash at bank 2,232 276,255
24,023 532,799
CREDITORS
Amounts falling due within one year 6 789,331 862,807
NET CURRENT LIABILITIES (765,308 ) (330,008 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(765,058

)

(329,255

)

CAPITAL AND RESERVES
Called up share capital 1 1
Share premium 1,757,258 1,757,258
Retained earnings (2,522,317 ) (2,086,514 )
(765,058 ) (329,255 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 11 September 2024 and were signed on its behalf by:




E Rezinsky - Director


Unlock Technologies Ltd (Registered number: 12207876)

Notes to the Financial Statements
for the Period 1 April 2023 to 31 December 2023

1. STATUTORY INFORMATION

Unlock Technologies 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.

Going concern
As at the balance sheet date the company has net liabilities of £785,516 (March 2023: £329,255). This has been accumulated as part of company strategy in the development its trade. The company is expected to raise significant equity capital within the short term after the approval of these accounts and hence these accounts have been prepared on a going concern basis.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - straight line over 3 years

Taxation
Taxation for the period 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 period 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Unlock Technologies Ltd (Registered number: 12207876)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - 6 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 December 2023 2,013
DEPRECIATION
At 1 April 2023 1,260
Charge for period 503
At 31 December 2023 1,763
NET BOOK VALUE
At 31 December 2023 250
At 31 March 2023 753

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.3.23
£    £   
Trade debtors - 19,343
Other debtors 21,791 237,201
21,791 256,544

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.3.23
£    £   
Trade creditors 6,635 10,374
Taxation and social security 5,877 44,696
Other creditors 776,819 807,737
789,331 862,807