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SIGMA OS SOFTWARE LTD

Registered Number
13201691
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2024

SIGMA OS SOFTWARE LTD
Company Information
for the period from 1 March 2024 to 31 December 2024

Directors

ATTAR, Ali
GHASSEMIBOUYAGHCHI, Mahyad
MITRA, Saurav

Registered Address

Fox Court
Sigmaos, Suite 1.06, 14 Gray’S Inn Road
London
WC1X 8HN

Registered Number

13201691 (England and Wales)
SIGMA OS SOFTWARE LTD
Balance Sheet as at
31 December 2024

Notes

31 Dec 2024

29 Feb 2024

£

£

£

£

Fixed assets
Tangible assets311914,223
11914,223
Current assets
Debtors4123,363302,987
Cash at bank and on hand45,05733,911
168,420336,898
Creditors amounts falling due within one year5(23,135)(41,351)
Net current assets (liabilities)145,285295,547
Total assets less current liabilities145,404309,770
Creditors amounts falling due after one year6(2,604,159)(2,507,413)
Net assets(2,458,755)(2,197,643)
Capital and reserves
Called up share capital33
Profit and loss account(2,458,758)(2,197,646)
Shareholders' funds(2,458,755)(2,197,643)
The financial statements were approved and authorised for issue by the Board of Directors on 27 March 2025, and are signed on its behalf by:
GHASSEMIBOUYAGHCHI, Mahyad
Director
Registered Company No. 13201691
SIGMA OS SOFTWARE LTD
Notes to the Financial Statements
for the period 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, with the support of its connected company Sigma OS Inc. 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)
Fixtures and fittings4
Office Equipment4
2.Average number of employees

20242024
Average number of employees during the year45
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 March 2413,96622,20036,166
Disposals(13,966)(20,301)(34,267)
At 31 December 24-1,8991,899
Depreciation and impairment
At 01 March 248,47213,47121,943
Charge for year3,1235,1128,235
On disposals(11,595)(16,803)(28,398)
At 31 December 24-1,7801,780
Net book value
At 31 December 24-119119
At 29 February 245,4948,72914,223
4.Debtors: amounts due within one year

2024

2024

££
Other debtors122,318292,460
Prepayments and accrued income1,04510,527
Total123,363302,987
5.Creditors: amounts due within one year

2024

2024

££
Trade creditors / trade payables-18,325
Taxation and social security21,87321,873
Other creditors1,2621,153
Total23,13541,351
6.Creditors: amounts due after one year

2024

2024

££
Amounts owed to related parties2,604,1592,507,413
Total2,604,1592,507,413
7.Directors advances, credits and guarantees
At the end of the reporting period, a loan of £15,840 (Prior period: £15,731) was owed to the company from the director Mahyad Ghassemibouyaghchi. This amount has now been repaid on 26 March 2026.
8.Related party transactions
The company is related to Sigma OS Inc. by virtue of common control. At the balance sheet date the amount owed to Sigma OS Inc. was £2,604,159 included in creditors falling due after one year.