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Company Registration No. 14246316 (England and Wales)
Adsum Ltd Unaudited accounts for the period from 1 August 2023 to 30 June 2024
Adsum Ltd Unaudited accounts Contents
Page
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Adsum Ltd Company Information for the period from 1 August 2023 to 30 June 2024
Directors
Sun-Hee Park Justina Tartilaite Frederick John Wingfield Digby
Company Number
14246316 (England and Wales)
Registered Office
1 Lyric Square London W6 0NB England
Accountants
ABR Chartered Accountants 37th Floor Canada Square London E14 5AA
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Adsum Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
2,571,814 
1 
Cash at bank and in hand
14,627 
- 
2,586,441 
1 
Creditors: amounts falling due within one year
(2,551,871)
- 
Net current assets
34,570 
1 
Net assets
34,570 
1 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
34,569 
- 
Shareholders' funds
34,570 
1 
For the period ending 30 June 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 6 March 2025 and were signed on its behalf by
Frederick John Wingfield Digby Director Company Registration No. 14246316
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Adsum Ltd Notes to the Accounts for the period from 1 August 2023 to 30 June 2024
1
Statutory information
Adsum Ltd is a private company, limited by shares, registered in England and Wales, registration number 14246316. The registered office is 1 Lyric Square, London, W6 0NB, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,571,813 
- 
Amounts falling due after more than one year
Other debtors
1 
1 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
8,986 
- 
Amounts owed to group undertakings and other participating interests
2,501,749 
- 
Other creditors
40,416 
- 
Accruals
720 
- 
2,551,871 
- 
6
Transactions with related parties
A1T1 Ltd is a related party due to the composition of the shareholders. As a result of intercompany transactions, the total amount owed to A1T1 Ltd is £2,436,322.79. Adsum Technologies Ltd is a related party as it is a parent company. As a result of intercompany transactions, the total amount owed to Adsum Technologies Ltd is £65,426.65 (2023: £-1).
7
Average number of employees
During the period the average number of employees was 0 (2023: 0).
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