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Registered Number: 12877165
England and Wales

 

 

 

ETNA RESEARCH LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
Directors Marco Jean Aboav
David Yuk Kei Ko
Registered Number 12877165
Registered Office 71-75, Shelton Street
Covent Garden
London
WC2H 9JQ
Accountants Outmin UK LTD
71-75, Shelton Street
Covent Garden
London
WC2H 9JQ
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,076   
1,076   
Current assets      
Debtors 4 317,026    32,799 
Cash at bank and in hand 26,590    327,795 
343,616    360,594 
Creditors: amount falling due within one year 5 (481,080)   (162,851)
Net current assets (137,464)   197,743 
 
Total assets less current liabilities (136,388)   197,743 
Net assets (136,388)   197,743 
 

Capital and reserves
     
Called up share capital 91    91 
Share premium account 6 434,973    434,973 
Reserves 7 20    20 
Other Comprehensive Income 8 11,306   
Profit and loss account (582,778)   (237,341)
Shareholders' funds (136,388)   197,743 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 26 February 2025 and were signed on its behalf by:


-------------------------------
Marco Jean Aboav
Director
-------------------------------
David Yuk Kei Ko
Director
2
General Information
ETNA RESEARCH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12877165, registration address 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 5 Straight Line
2.

Average number of employees


Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 January 2024  
Additions 1,345    1,345 
Disposals  
At 31 December 2024 1,345    1,345 
Depreciation
At 01 January 2024  
Charge for year 269    269 
On disposals  
At 31 December 2024 269    269 
Net book values
Closing balance as at 31 December 2024 1,076    1,076 
Opening balance as at 01 January 2024  


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Inter Co - Etna Research - Italy Subsidiary 5,004    5,004 
Prepayments & Accrued Income 1,460    2,199 
Other Debtors 272,210   
Corporation Tax 38,352    25,596 
317,026    32,799 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 16,775    10,335 
PAYE & Social Security   308 
Other Creditors 463,817    150,016 
VAT 488    2,192 
481,080    162,851 

6.

Share premium account

2024
£
  2023
£
Share Premium 434,973    434,973 
434,973    434,973 

7.

Reserves

2024
£
  2023
£
Revaluation Reserves 20    20 
20    20 

8.

Other Comprehensive Income

2024
£
  2023
£
Unrealized Gains or losses 11,306   
11,306   

3