IRIS Accounts Production v24.2.0.383 10547454 Board of Directors 1.2.23 31.1.24 31.1.24 0 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105474542023-01-31105474542024-01-31105474542023-02-012024-01-31105474542022-01-31105474542022-02-012023-01-31105474542023-01-3110547454ns15:EnglandWales2023-02-012024-01-3110547454ns14:PoundSterling2023-02-012024-01-3110547454ns10:Director12023-02-012024-01-3110547454ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3110547454ns10:SmallEntities2023-02-012024-01-3110547454ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3110547454ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3110547454ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3110547454ns10:FullAccounts2023-02-012024-01-311054745412023-02-012024-01-3110547454ns10:Director22023-02-012024-01-3110547454ns10:Director32023-02-012024-01-3110547454ns10:CompanySecretary12023-02-012024-01-3110547454ns10:RegisteredOffice2023-02-012024-01-3110547454ns5:CurrentFinancialInstruments2024-01-3110547454ns5:CurrentFinancialInstruments2023-01-3110547454ns5:ShareCapital2024-01-3110547454ns5:ShareCapital2023-01-3110547454ns5:RetainedEarningsAccumulatedLosses2024-01-3110547454ns5:RetainedEarningsAccumulatedLosses2023-01-3110547454ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3110547454ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-02-012024-01-3110547454ns5:ComputerSoftware2023-02-012024-01-3110547454ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-3110547454ns5:ComputerSoftware2023-01-3110547454ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-01-3110547454ns5:ComputerSoftware2024-01-3110547454ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-3110547454ns5:ComputerSoftware2023-01-3110547454ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3110547454ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-31
REGISTERED NUMBER: 10547454 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PLANET ANTS LIMITED

PLANET ANTS LIMITED (REGISTERED NUMBER: 10547454)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PLANET ANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







Directors: Mr B J McKenna
Mr M A Odermatt
Mr M H Roth





Secretary: Vistra Cosec Limited





Registered office: Suite 1,
7th Floor, 50 Broadway
London
SW1H 0BL





Registered number: 10547454 (England and Wales)





Accountants: Vistra Trust Company Limited
First Floor, Templeback
10 Temple back
Bristol
BS1 6FL

PLANET ANTS LIMITED (REGISTERED NUMBER: 10547454)

BALANCE SHEET
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 5,791 7,627

CURRENT ASSETS
Debtors 5 10,000 11,350
Cash at bank 90 277
10,090 11,627
CREDITORS
Amounts falling due within one year 6 (51,113 ) (48,152 )
NET CURRENT LIABILITIES (41,023 ) (36,525 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(35,232

)

(28,898

)

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (45,232 ) (38,898 )
SHAREHOLDERS' FUNDS (35,232 ) (28,898 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 16 October 2024 and were signed on its behalf by:





Mr M H Roth - Director


PLANET ANTS LIMITED (REGISTERED NUMBER: 10547454)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Planet Ants Limited 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.

The company's presentation currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Intangible Assets is being amortised evenly over its estimated useful life of ten years.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
Although the balance sheet is showing a net current liability position the financial statements have been prepared on the going concern basis. The shareholders have confirmed that they will continue to give financial support to the company.

3. EMPLOYEES AND DIRECTORS

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

PLANET ANTS LIMITED (REGISTERED NUMBER: 10547454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. INTANGIBLE FIXED ASSETS
Development Intangible
costs Assets Totals
£    £    £   
Cost
At 1 February 2023
and 31 January 2024 16,890 1,470 18,360
Amortisation
At 1 February 2023 9,851 882 10,733
Amortisation for year 1,689 147 1,836
At 31 January 2024 11,540 1,029 12,569
Net book value
At 31 January 2024 5,350 441 5,791
At 31 January 2023 7,039 588 7,627

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Other debtors 10,000 11,350

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade creditors - 1,038
Amounts owed to group undertakings 490 490
Other creditors 50,623 46,624
51,113 48,152

7. ULTIMATE CONTROLLING PARTIES

IP Internet Profit AG and IP Services AG are Ultimate Controlling Party registered in Switzerland. The registered office is Gotthardstrasse 26, CH-6415 Arth, Switzerland.