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Registration number: 10650284

Digital Blockade Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Digital Blockade Limited

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 6

 

Digital Blockade Limited

Company Information

Director

Mr Daniel Michael Ishmael Hassan

Registered office

86-90 Paul Street
London
EC2A 4NE

Accountants

Charter Tax Consulting Limited 8th Floor
1 Southampton Street
London
WC2R 0LR

 

Digital Blockade Limited

(Registration number: 10650284)
Balance Sheet as at 31 March 2024

Note

2024
$

2023
$

Capital and reserves

 

Called up share capital

4

140

140

Retained earnings

(140)

(140)

Shareholders' funds/(deficit)

 

-

-

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 March 2025
 


Mr Daniel Michael Ishmael Hassan
Director

 

Digital Blockade Limited

Statement of Changes in Equity for the Year Ended 31 March 2024

Share capital
$

Profit and loss account
$

At 1 April 2023

140

(140)

At 31 March 2024

140

(140)




 

Share capital
$

Fair value reserve
$

Profit and loss account
$

Total
$

At 1 April 2022

140

39,304

250,147

289,591

Loss for the year

-

-

(90,750)

(90,750)

Other comprehensive income

-

(39,304)

-

(39,304)

Total comprehensive income

-

(39,304)

(90,750)

(130,054)

Dividends

-

-

(159,537)

(159,537)

At 31 March 2023

140

-

(140)

-

 

Digital Blockade Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
86-90 Paul Street
London
EC2A 4NE

These financial statements were authorised for issue by the director on 30 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements have been presented in US Dollars ($).

Going concern

The company has ceased trading and the director intends to wind up the company, therefore the accounts are not prepared on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Digital Blockade Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

$

No.

$

Ordinary Share Capital of £1 each

100

140

100

140

       
 

Digital Blockade Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Dividends

2024

2023

$

$

Interim dividend of $Nil (2023 - $1,595.37) per ordinary share

-

159,537

 

 

6

Related party transactions

Transactions with the director

2023

At 1 April 2022
$

Advances to director
$

Repayments by director
$

At 31 March 2023
$

Mr Daniel Michael Ishmael Hassan

Director

(162,011)

312,142

(150,131)

-