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CLOUD ORCA LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024






CLOUD ORCA LIMITED (REGISTERED NUMBER: 11354151)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLOUD ORCA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: S Atkins
A P Cheatham
J D Parnell





REGISTERED OFFICE: New Derwent House
69-73 Theobalds Road
Camden
London
WC1X 8TA





REGISTERED NUMBER: 11354151 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

CLOUD ORCA LIMITED (REGISTERED NUMBER: 11354151)

BALANCE SHEET
31ST MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 27,111 15,208
Investments 6 91,779 -
118,890 15,208

CURRENT ASSETS
Debtors 7 642,710 410,881
Cash at bank 2,645,602 1,456,382
3,288,312 1,867,263
CREDITORS
Amounts falling due within one year 8 797,735 786,724
NET CURRENT ASSETS 2,490,577 1,080,539
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,609,467

1,095,747

CREDITORS
Amounts falling due after more than one
year

9

-

(26,398

)

PROVISIONS FOR LIABILITIES (6,778 ) (2,890 )
NET ASSETS 2,602,689 1,066,459

CAPITAL AND RESERVES
Called up share capital 1,748 294
Retained earnings 2,600,941 1,066,165
2,602,689 1,066,459

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

CLOUD ORCA LIMITED (REGISTERED NUMBER: 11354151)

BALANCE SHEET - continued
31ST MAY 2024


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 12th February 2025 and were signed on its behalf by:





J D Parnell - Director


CLOUD ORCA LIMITED (REGISTERED NUMBER: 11354151)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Cloud Orca 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is generally recognised as activity progresses so that for incomplete service contracts it reflects the partial performance of contractual obligations. For such contracts, the amount of turnover reflects the accrual of the right to consideration by reference to the value of work performed. Where work is substantially complete it has been valued at net realisable value including an estimate of attributable profit. Revenue not invoiced to clients is included in debtors as 'amounts due under contracts not yet invoiced' and invoicing in advance of revenue recognition is recognised in creditors as 'deferred income'.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CLOUD ORCA LIMITED (REGISTERED NUMBER: 11354151)

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

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 21 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st June 2023 1,460 25,273 26,733
Additions 4,805 19,836 24,641
Disposals - (1,235 ) (1,235 )
At 31st May 2024 6,265 43,874 50,139
DEPRECIATION
At 1st June 2023 639 10,886 11,525
Charge for year 1,406 10,969 12,375
Eliminated on disposal - (872 ) (872 )
At 31st May 2024 2,045 20,983 23,028
NET BOOK VALUE
At 31st May 2024 4,220 22,891 27,111
At 31st May 2023 821 14,387 15,208

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 91,779
At 31st May 2024 91,779
NET BOOK VALUE
At 31st May 2024 91,779

CLOUD ORCA LIMITED (REGISTERED NUMBER: 11354151)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 522,426 276,286
Other debtors 5,011 4,607
Directors' current accounts 52,097 -
Accrued income - 45,350
Prepayments 63,176 84,638
642,710 410,881

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts - 9,184
Trade creditors 7,879 56,927
Tax 74,085 165,565
Social security and other taxes 56,214 44,934
VAT 197,985 134,691
Pensions payable 5,961 3,790
Directors' current accounts 2,741 2,089
Accruals and deferred income 400,293 344,967
Accrued expenses 52,577 24,577
797,735 786,724

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years - 8,438
Bank loans - 2-5 years - 17,960
- 26,398

10. ULTIMATE CONTROLLING PARTY

On 31 July 2024 100% of the share capital of the company was acquired by Cooper Parry Digital Limited, a limited company incorporated in the United Kingdom. Cooper Parry Digital Limited is a full owned subsidiary of the group headed by Project Rebelution Topco Limited. From that date onwards the controlling party is deemed to be Accountancyco B.V. due to the rights it holds under an investment agreement between the A and B Ordinary shareholders of Project Rebelution Topco Limited.