2023-09-012024-08-312024-08-31false12155691ZERO KNOWLEDGE VALIDATION 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ZERO KNOWLEDGE VALIDATION LTD

Registered Number
12155691
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

ZERO KNOWLEDGE VALIDATION LTD
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

HARBORNE, William Marcus Sherriff
ROSE, Anna Rae

Registered Address

International House
12 Constance Street
London
E16 2DQ

Registered Number

12155691 (England and Wales)
ZERO KNOWLEDGE VALIDATION LTD
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3-1,887,321
Investments4-440,173
-2,327,494
Current assets
Debtors54,231,47142,388
Current asset investments652,099-
Cash at bank and on hand613,318310,410
5,496,888352,798
Creditors amounts falling due within one year6(904,243)(99,496)
Net current assets (liabilities)4,592,645253,302
Total assets less current liabilities4,592,6452,580,796
Net assets4,592,6452,580,796
Capital and reserves
Called up share capital143143
Profit and loss account4,592,5022,580,653
Shareholders' funds4,592,6452,580,796
The financial statements were approved and authorised for issue by the Board of Directors on 16 April 2025, and are signed on its behalf by:
HARBORNE, William Marcus Sherriff
Director
Registered Company No. 12155691
ZERO KNOWLEDGE VALIDATION LTD
Notes to the Financial Statements
for the year ended 31 August 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The financial statements have not been prepared on a going concern basis. The directors have decided to prepare the accounts on a break-up basis due to the planned voluntary liquidation of the entity in 2025. As a result, all assets have been classified as current assets, and are stated at their estimated realisable value, and liabilities stated at their anticipated settlement amount. Adjustments have been made to reflect this basis.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Intangible assets
Intangible assets relate to holdings of crypto assets revalued at exchange rates from recognised crypto exchanges.
Cryptocurrency assets
Cryptocurrency assets (under IAS 38) are recorded as intangible assets and can be measured at either cost or revaluation. The company has elected to measure them at revaluation as there is now an active market across across many digital exchanges. Therefore, these are recognised at fair value. The assets are held for investment purposes and therefore cannot be recognised as stock as they are not being held for sale in the ordinary course of business.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year00
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 September 231,887,3211,887,321
Additions1,477,0241,477,024
Revaluations(3,364,345)(3,364,345)
Net book value
At 31 August 24--
At 31 August 231,887,3211,887,321
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 September 23440,173440,173
Additions233,566233,566
Revaluations152,116152,116
Disposals(825,855)(825,855)
Net book value
At 31 August 24--
At 31 August 23440,173440,173

Notes

1Other investments other than loans
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables995-
Other debtors4,229,22342,388
Prepayments and accrued income1,253-
Total4,231,47142,388
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,77212,580
Taxation and social security752,43586,579
Other creditors35337
Accrued liabilities and deferred income150,001-
Total904,24399,496
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.