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Registered number: 09060738
Admoments Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09060738
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,256,761 1,256,761
1,256,761 1,256,761
CURRENT ASSETS
Debtors 6 2,092,086 2,092,536
Cash at bank and in hand 55 2,365
2,092,141 2,094,901
Creditors: Amounts Falling Due Within One Year 7 (193,782 ) (193,741 )
NET CURRENT ASSETS (LIABILITIES) 1,898,359 1,901,160
TOTAL ASSETS LESS CURRENT LIABILITIES 3,155,120 3,157,921
Creditors: Amounts Falling Due After More Than One Year 8 (5,770,185 ) (5,770,185 )
NET LIABILITIES (2,615,065 ) (2,612,264 )
CAPITAL AND RESERVES
Called up share capital 9 32 32
Share premium account 1,392,272 1,392,272
Profit and Loss Account (4,007,369 ) (4,004,568 )
SHAREHOLDERS' FUNDS (2,615,065) (2,612,264)
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J M Edelson
Director
09/05/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Admoments Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09060738 . The registered office is Unit 2 The Courtyard, 283 Ashley Road, Hale, Altrincham, Cheshire, WA14 3NG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The company has not traded in the year and expenditure has been reduced to minimum levels. The directors have assessed the current and future position and considered the availability of funds to meet necessary expenditure. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33.33% straight line
Computer Equipment 33.33% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. 
Cash and cash equivalents
...CONTINUED
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2.6. Financial Instruments - continued
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.sets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Expense and liabilities are recognised for the goods or services received by the company settled by tokens issued at their fair value.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.7. Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
2.8. Tokens
The group uses technology to deliver targeted facial billboard advertising on behalf of advertisers. To raise funding to develop the software and acting as an agent GibCo offered advertisers the opportunity to buy advertising time on group billboards through an initial coin offering ("ICO") of Bidooh tokens.
Once a token is issued the Group will have a present obligation to provide advertising space to the token holder. As this is part of the ordinary activities of the Group it is considered as revenue activity. The obligation is settled only once the provision of the service has been provided. The tokens are initially recognised as deferred revenue which is recognised at the fair value of the consideration receivable and is then recognised as revenue once the service has been provided.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Intangible Assets
Development Costs
£
Cost
As at 1 June 2023 1,266,761
As at 31 May 2024 1,266,761
Amortisation
As at 1 June 2023 10,000
As at 31 May 2024 10,000
Net Book Value
As at 31 May 2024 1,256,761
As at 1 June 2023 1,256,761
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 25,830 10,507 36,337
As at 31 May 2024 25,830 10,507 36,337
Depreciation
As at 1 June 2023 25,830 10,507 36,337
As at 31 May 2024 25,830 10,507 36,337
Net Book Value
As at 31 May 2024 - - -
As at 1 June 2023 - - -
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,092,086 2,092,536
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 21,670 23,549
Other creditors 172,112 170,192
193,782 193,741
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 5,770,185 5,770,185
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 32 32
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