IRIS Accounts Production v25.1.0.734 14802266 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh148022662023-12-31148022662024-12-31148022662024-01-012024-12-31148022662023-04-13148022662023-04-142023-12-31148022662023-12-3114802266ns15:EnglandWales2024-01-012024-12-3114802266ns14:PoundSterling2024-01-012024-12-3114802266ns10:Director12024-01-012024-12-3114802266ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3114802266ns10:SmallEntities2024-01-012024-12-3114802266ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3114802266ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3114802266ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3114802266ns10:FullAccounts2024-01-012024-12-3114802266ns10:OrdinaryShareClass12024-01-012024-12-311480226612024-01-012024-12-3114802266ns10:Director22024-01-012024-12-3114802266ns10:RegisteredOffice2024-01-012024-12-3114802266ns5:CurrentFinancialInstruments2024-12-3114802266ns5:CurrentFinancialInstruments2023-12-3114802266ns5:Non-currentFinancialInstruments2024-12-3114802266ns5:Non-currentFinancialInstruments2023-12-3114802266ns5:ShareCapital2024-12-3114802266ns5:ShareCapital2023-12-3114802266ns5:RetainedEarningsAccumulatedLosses2024-12-3114802266ns5:RetainedEarningsAccumulatedLosses2023-12-3114802266ns5:PlantMachinery2024-01-012024-12-3114802266ns5:PlantMachinery2024-12-3114802266ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3114802266ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3114802266ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 14802266 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DEEPFIN RESEARCH LIMITED

PREVIOUSLY KNOWN AS
DEEPFIN CAPITAL MANAGEMENT LTD

DEEPFIN RESEARCH LIMITED (REGISTERED NUMBER: 14802266)
PREVIOUSLY KNOWN AS DEEPFIN CAPITAL MANAGEMENT LTD

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEEPFIN RESEARCH LIMITED
PREVIOUSLY KNOWN AS DEEPFIN CAPITAL MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr R A Buxton
Mr M Tahta





REGISTERED OFFICE: 85 Great Portland Street
First Floor
London
W1W 7LT





REGISTERED NUMBER: 14802266 (England and Wales)





ACCOUNTANTS: Brookes Stephens
New Media House
Davidson Road
Lichfield
Staffordshire
WS14 9DZ

DEEPFIN RESEARCH LIMITED (REGISTERED NUMBER: 14802266)
PREVIOUSLY KNOWN AS DEEPFIN CAPITAL MANAGEMENT LTD

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 12,726 -

Current assets
Debtors 5 63,385 34,446
Cash at bank 22,308 3,337
85,693 37,783
Creditors
Amounts falling due within one year 6 54,253 2,168
Net current assets 31,440 35,615
Total assets less current liabilities 44,166 35,615

Creditors
Amounts falling due after more than one
year

7

-

(40,932

)

Provisions for liabilities (2,102 ) -
Net assets/(liabilities) 42,064 (5,317 )

Capital and reserves
Called up share capital 8 1 -
Retained earnings 42,063 (5,317 )
Shareholders' funds 42,064 (5,317 )

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

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

The directors acknowledge their 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.

DEEPFIN RESEARCH LIMITED (REGISTERED NUMBER: 14802266)
PREVIOUSLY KNOWN AS DEEPFIN CAPITAL MANAGEMENT LTD

BALANCE SHEET - continued
31 DECEMBER 2024


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 Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





Mr R A Buxton - Director


DEEPFIN RESEARCH LIMITED (REGISTERED NUMBER: 14802266)
PREVIOUSLY KNOWN AS DEEPFIN CAPITAL MANAGEMENT LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Deepfin Research Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The prior period represents an 8 1/2 month period as the company was newly formed on 14th April 2023. The comparatives are therefore not entirely comparable.

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.

Turnover
Turnover represents net invoiced goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.33% on cost and 25% on cost

Taxation
Taxation for the year 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.

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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

DEEPFIN RESEARCH LIMITED (REGISTERED NUMBER: 14802266)
PREVIOUSLY KNOWN AS DEEPFIN CAPITAL MANAGEMENT LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

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.

Transition to frs 102 1a from frs 105
The company transitioned from using FRS 105 to FRS 102 1A in the current year. This required no amendment to the previous year's financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 25,835
Disposals (9,244 )
At 31 December 2024 16,591
DEPRECIATION
Charge for year 5,791
Eliminated on disposal (1,926 )
At 31 December 2024 3,865
NET BOOK VALUE
At 31 December 2024 12,726

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 31,419
Amounts owed by group undertakings 16,744 109
Other debtors 46,641 2,918
63,385 34,446

DEEPFIN RESEARCH LIMITED (REGISTERED NUMBER: 14802266)
PREVIOUSLY KNOWN AS DEEPFIN CAPITAL MANAGEMENT LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,256 2,168
Taxation and social security 41,846 -
Other creditors 9,151 -
54,253 2,168

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings - 40,932

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 -

9. ULTIMATE CONTROLLING PARTY

The controlling party is Deepfin Holdings Ltd (Jersey).

The ultimate controlling party is Sota Holdings Ltd (Jersey).

Both companies have the registered offices at 2nd Floor, 6 Hilgrove Street, St. Helier, JE4 9ZH, Jersey.