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Company Registration No. 12453393 (England and Wales)
Ethicube Ltd Unaudited accounts for the year ended 29 February 2024
Ethicube Ltd Unaudited accounts Contents
Page
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Ethicube Ltd Company Information for the year ended 29 February 2024
Director
Mr G PALERMITI
Company Number
12453393 (England and Wales)
Registered Office
27 RIVERSDELL CLOSE CHERTSEY KT16 9JW ENGLAND
Accountants
Falcor BC Limited 61 High Street Chobham GU24 8AF
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Ethicube Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
(190)
- 
Investments
106,383 
71,744 
Cash at bank and in hand
5,335 
4,937 
111,528 
76,681 
Creditors: amounts falling due within one year
(9,943)
(14,890)
Net current assets
101,585 
61,791 
Total assets less current liabilities
101,585 
61,791 
Provisions for liabilities
Deferred tax
(20,208)
(16,062)
Net assets
81,377 
45,729 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
80,377 
44,729 
Shareholders' funds
81,377 
45,729 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2024 and were signed on its behalf by
Mr G PALERMITI Director Company Registration No. 12453393
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Ethicube Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Ethicube Ltd is a private company, limited by shares, registered in England and Wales, registration number 12453393. The registered office is 27 RIVERSDELL CLOSE, CHERTSEY, KT16 9JW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain investment assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
(440)
- 
Other debtors
250 
- 
(190)
- 
5
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
106,383 
71,744 
The Company held the following assets at year end: Crypto currencies £103,769 Precious coins £2,614 Crypto currencies & coins are marked-to-market at year end.
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
- 
5,951 
Taxes and social security
1,791 
786 
Loans from directors
- 
2,400 
Accruals
8,152 
5,753 
9,943 
14,890 
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Ethicube Ltd Notes to the Accounts for the year ended 29 February 2024
7
Deferred taxation
2024 
2023 
£ 
£ 
Other deferred taxation
20,208 
16,062 
2024 
2023 
£ 
£ 
Provision at start of year
16,062 
16,062 
Charged to the profit and loss account
4,146 
- 
Provision at end of year
20,208 
16,062 
Deferred tax is raised on unrealised gains on crypto currency holdings.
8
Transactions with related parties
Tinguo Limited, a company under common control provides consulting & advisory services to Ethicube. During the year the charges for these services totalled £2,659.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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