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REGISTERED NUMBER: 09604780 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 31 DECEMBER 2024

FOR

FEEDSTOCK LTD

FEEDSTOCK LTD (REGISTERED NUMBER: 09604780)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2024 TO 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FEEDSTOCK LTD

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2024 TO 31 DECEMBER 2024







DIRECTOR: Mr L Wurfbain





REGISTERED OFFICE: 7 Savoy Court
London
WC2R 0EX





REGISTERED NUMBER: 09604780 (England and Wales)





ACCOUNTANTS: Green and Purple Limited
Building 1000
Cambridge Research Park
Waterbeach
Cambridgeshire
CB25 9PD

FEEDSTOCK LTD (REGISTERED NUMBER: 09604780)

BALANCE SHEET
31 DECEMBER 2024

2024 2024
Notes £    £   
FIXED ASSETS
Intangible assets 4 5,771,665 6,012,192
Tangible assets 5 1,731 1,473
5,773,396 6,013,665

CURRENT ASSETS
Debtors 6 120,095 240,827
Prepayments and accrued income 11,981 9,276
Cash at bank 5,234 206,943
137,310 457,046
CREDITORS
Amounts falling due within one year 7 (504,445 ) (713,677 )
NET CURRENT LIABILITIES (367,135 ) (256,631 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,406,261

5,757,034

CREDITORS
Amounts falling due after more than one year 8 (9,167 ) (16,667 )

PROVISIONS FOR LIABILITIES (647,801 ) (688,937 )
NET ASSETS 4,749,293 5,051,430

FEEDSTOCK LTD (REGISTERED NUMBER: 09604780)

BALANCE SHEET - continued
31 DECEMBER 2024

2024 2024
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 9 577 402
Share premium 6,029,634 6,029,634
Retained earnings (1,280,918 ) (978,606 )
SHAREHOLDERS' FUNDS 4,749,293 5,051,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 March 2025 and were signed by:





Mr L Wurfbain - Director


FEEDSTOCK LTD (REGISTERED NUMBER: 09604780)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2024 TO 31 DECEMBER 2024


1. Statutory information

Feedstock Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern
The financial statements have been prepared on a going concern basis. The company incurred a loss before tax of £391,829 during the period. The company have prepared forecasts which take account of the impact of the macro-economic challenges and the directors are of the opinion that they should continue to adopt the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Development costs are initially recognised at cost. After initial recognition they are measured at cost less any accumulated amortisation and accumulated impairment losses.

Tangible fixed assets
Tangible assets are initially recorded at cost and subsequently stated at cost less accumulation depreciation.

Depreciation

Depreciation is provided at the following rates:

Office equipment10% reducing balance
Computer equipment25% straight line

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


FEEDSTOCK LTD (REGISTERED NUMBER: 09604780)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2024 TO 31 DECEMBER 2024


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the period was 2 (2024 - 2 ) .

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 April 2024 6,861,590
Additions 267,478
At 31 December 2024 7,129,068
Amortisation
At 1 April 2024 849,398
Charge for period 508,005
At 31 December 2024 1,357,403
Net book value
At 31 December 2024 5,771,665
At 31 March 2024 6,012,192

FEEDSTOCK LTD (REGISTERED NUMBER: 09604780)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2024 TO 31 DECEMBER 2024


5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2024 25,465
Additions 973
At 31 December 2024 26,438
Depreciation
At 1 April 2024 23,992
Charge for period 715
At 31 December 2024 24,707
Net book value
At 31 December 2024 1,731
At 31 March 2024 1,473

6. Debtors: amounts falling due within one year
2024 2024
£    £   
Trade debtors 52,685 41,901
Other debtors 67,410 198,926
120,095 240,827

7. Creditors: amounts falling due within one year
2024 2024
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 21,844 24,876
Taxation and social security 17,196 51,911
Other creditors 455,405 626,890
504,445 713,677

8. Creditors: amounts falling due after more than one year
2024 2024
£    £   
Bank loans 9,167 16,667

FEEDSTOCK LTD (REGISTERED NUMBER: 09604780)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2024 TO 31 DECEMBER 2024


9. Called up share capital

Allotted, issued and fully paid:

Number Class Nominal value 31.12.2024 31.03.2024


100,000 Ordinary 0.001 100 100
60,382 Ordinary A 0.001 60 60
26,772 Series Seed 0.001 27 27
3,768 Series Seed B 0.001 4 4
55,370 Series A 0.001 55 55
6,117 Series A Preferred 0.001 6 6
1,800 Ordinary B 0.001 2 2
147,644 C Preferred 0.001 148 148
175,000 C Ordinary 0.001 175 -

577 402
During the period, the company issued the following shares:
On 10 July 2024, 175,000 C Ordinary shares of £0.001 nominal value were issued for £175 cash.

10. Share-based payment transactions

Share Options31.12.202431.03.2024
NumberNumber

Outstanding at the beginning of the period14,76815,268
Granted during the period70,000-
Exercised during the period--
Cancelled during the period-(500)

Outstanding at the end of the period84,76814,768



The total charge for the year relating to employee share based payment plans was £Nil (March 2024: £Nil) in accordance with the provisions of FRS 102 (Section 1A).

On 15 August 2017, the Company commenced the operation of an Enterprise Management Incentive scheme (EMI). At 31 December 2024 31,410 (March 2024: 8,910) EMI options remained in issue. These options have an exercise price of between £0.001 and £20.92 per share.