Registered Number
(England and Wales)
Unaudited Financial Statements for the Year ended
29 February 2024
Directors | |
Registered Address | |
Registered Number |
Notes | 2024 | 2023 | ||||||
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£ | £ | £ | £ | |||||
Fixed assets | ||||||||
Intangible assets | 3 | |||||||
Current assets | ||||||||
Cash at bank and on hand | ||||||||
Creditors amounts falling due within one year | ( | ( | ||||||
Net current assets (liabilities) | ( | ( | ||||||
Total assets less current liabilities | ( | |||||||
Net assets | ( | |||||||
Capital and reserves | ||||||||
Called up share capital | ||||||||
Other reserves | ||||||||
Profit and loss account | ( | ( | ||||||
Shareholders' funds | ( |
The financial statements were approved and authorised for issue by the Board of Directors on 5 November 2024, and are signed on its behalf by: |
Director |
Director Registered Company No. 13228073 |
1. | Accounting policies |
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Statutory information | |
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Statement of compliance | |
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Functional and presentation currency | |
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Going concern | |
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Turnover policy | |
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Revenue from rendering of services | |
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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. |
Dividend income | |
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Foreign currency translation | |
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Intangible assets | |
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Cryptocurrency assets | |
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Cryptocurrency assets (under IAS 38) are recorded as intangible assets and can be measured at either cost or revaluation. The company has elected to measure them at revaluation as there is now an active market across many digital exchanges. Therefore, these are recognised at fair value. The assets are held for investment purposes and therefore cannot be recognised as stock as they are not being held for sale in the ordinary course of business. |
2. | Average number of employees |
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2024 | 2023 | |||
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Average number of employees during the year |
3. | Intangible assets |
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Total | ||
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£ | ||
Cost or valuation | ||
At 01 March 23 | ||
Revaluations | ||
At 29 February 24 | ||
Net book value | ||
At 29 February 24 | ||
At 28 February 23 |
4. | Useful life of intangible assets |
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An intangible asset with an indefinite useful life is not amortised but must be tested annually for impairment. The company recognise digital assets as intangible asset with an indefinite useful life, therefore there is no amortisation. |
5. | Revaluation of intangible assets |
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2024 | 2023 | |||
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£ | £ | |||
Intangible assets |