Company Registration No. 11495990 (England and Wales)
CYBERIADAI LTD
Unaudited accounts
for the year ended 31 December 2024
CYBERIADAI LTD
Unaudited accounts
Contents
CYBERIADAI LTD
Company Information
for the year ended 31 December 2024
Directors
Adam Dancewicz
Martin Jasinski
Piotr Surma
Company Number
11495990 (England and Wales)
Registered Office
Niddry Lodge
51 Holland Street
London
W8 7JB
Accountants
Salvares JBS UK Ltd
Niddry Lodge
51 Holland Street
London
London
W8 7JB
CYBERIADAI LTD
Statement of financial position
as at 31 December 2024
Investments
5,164,582
5,009,763
Cash at bank and in hand
130,865
690,195
Creditors: amounts falling due within one year
(14,750)
(12,215)
Net current assets
149,382
34,942,152
Net assets
5,313,964
39,951,915
Called up share capital
338
338
Share premium
6,217,648
6,217,648
Profit and loss account
(904,022)
33,733,929
Shareholders' funds
5,313,964
39,951,915
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by
Piotr Surma
Director
Company Registration No. 11495990
CYBERIADAI LTD
Notes to the Accounts
for the year ended 31 December 2024
CYBERIADAI LTD is a private company, limited by shares, registered in England and Wales, registration number 11495990. The registered office is Niddry Lodge, 51 Holland Street, London, W8 7JB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities and the Companies Act 2006.
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 fixed assets.
The accounts are presented in £ sterling.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments in subsidiaries are measured at cost less impairment.
Investments in shares are included at fair value.
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in the fair value are included in the profit and loss account.
As at 31st December 2024 the Company was a parent company of CYBERIAD.AI Inc, a company registered in the state of Delaware, USA.
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Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 January 2024
1
5,009,762
5,009,763
Fair value adjustments
-
86,526
86,526
Valuation at 31 December 2024
1
5,164,581
5,164,582
CYBERIADAI LTD
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
876
876
Accrued income and prepayments
2,242
-
Other debtors
17,333
34,250,480
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
14,568
11,992
Amounts owed to group undertakings and other participating interests
1,393
1,434
Taxes and social security
(1,211)
(1,211)
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Transactions with related parties
In 2024 the Company was the parent and the ultimate controlling party of CYBERIAD.AI Inc, a company registered in the United States of America.
As at 31/12/2024:
- the value of investment in shares of CYBERIAD.AI Inc was 0.80 GBP
- the value of loans to CYBERIAD.AI Inc and the accrued interest was 5,164,581.20
- the Company owed 517.44 to it's subsidiary, the figure being a difference of money owed to and due from the related party resulting from trade transactions between them.
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Average number of employees
During the year the average number of employees was 0 (2023: 0).