Company Registration No. 12453393 (England and Wales)
Ethicube Ltd
Unaudited accounts
for the year ended 29 February 2024
Ethicube Ltd
Unaudited accounts
Contents
Ethicube Ltd
Company Information
for the year ended 29 February 2024
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
Ethicube Ltd
Statement of financial position
as at 29 February 2024
Investments
106,383
71,744
Cash at bank and in hand
5,335
4,937
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)
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
Ethicube Ltd
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain investment assets.
The accounts are presented in £ sterling.
Amounts falling due within one year
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
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
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).