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BTRT LTD

Registered Number
14530951
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

BTRT LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

CONLEY, Sean Niles
STOLL, Samuel Alexander

Company Secretary

OHS SECRETARIES LIMITED

Registered Address

9th Floor 107 Cheapside
London
EC2V 6DN

Registered Number

14530951 (England and Wales)
BTRT LTD
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets34,5196,047
4,5196,047
Current assets
Debtors497,30593,079
Cash at bank and on hand238,274588,891
335,579681,970
Creditors amounts falling due within one year5(6,872)(4,287)
Net current assets (liabilities)328,707677,683
Total assets less current liabilities333,226683,730
Creditors amounts falling due after one year6(1,002,747)(974,767)
Net assets(669,521)(291,037)
Capital and reserves
Called up share capital1010
Profit and loss account(669,531)(291,047)
Shareholders' funds(669,521)(291,037)
The financial statements were approved and authorised for issue by the Board of Directors on 12 March 2025, and are signed on its behalf by:
CONLEY, Sean Niles
Director
Registered Company No. 14530951
BTRT LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Defined contribution pension plan
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 247,5197,519
Additions1,4681,468
At 31 December 248,9878,987
Depreciation and impairment
At 01 January 241,4721,472
Charge for year2,9962,996
At 31 December 244,4684,468
Net book value
At 31 December 244,5194,519
At 31 December 236,0476,047
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables7,324-
Other debtors88,28692,758
Prepayments and accrued income1,695321
Total97,30593,079
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,242-
Taxation and social security1,643-
Other creditors3,9873,555
Accrued liabilities and deferred income-732
Total6,8724,287
6.Creditors: amounts due after one year

2024

2023

££
Convertible loans1,002,747974,767
Total1,002,747974,767
Included in liabilities more than one year are Simple Agreements for Future Equity (SAFE) totalling £1,002,747 ($1,240,000). The SAFE agreements are non-repayable and are expected convert into equity in a future equity funding round.