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PATHFINDER AI LTD

Registered Number
15514344
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2024

PATHFINDER AI LTD
Company Information
for the period from 22 February 2024 to 31 December 2024

Director

AHMAD, Amaan Karim

Registered Address

82a James Carter Road
Mildenhall
IP28 7DE

Registered Number

15514344 (England and Wales)
PATHFINDER AI LTD
Balance Sheet as at
31 December 2024

Notes

2024

£

£

Fixed assets
Tangible assets3284
284
Current assets
Debtors456
Cash at bank and on hand3,620
3,676
Creditors amounts falling due within one year5(8,461)
Net current assets (liabilities)(4,785)
Total assets less current liabilities(4,501)
Provisions for liabilities7(71)
Net assets(4,572)
Capital and reserves
Called up share capital1
Other reserves119,781
Profit and loss account(124,354)
Shareholders' funds(4,572)
The financial statements were approved and authorised for issue by the Director on 9 May 2025, and are signed on its behalf by:
AHMAD, Amaan Karim
Director
Registered Company No. 15514344
PATHFINDER AI LTD
Notes to the Financial Statements
for the period ended 31 December 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment4
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.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

2024
Average number of employees during the year2
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions379379
At 31 December 24379379
Depreciation and impairment
Charge for year9595
At 31 December 249595
Net book value
At 31 December 24284284
At 21 February 24--
4.Debtors: amounts due within one year

2024

£
Other debtors56
Total56
5.Creditors: amounts due within one year

2024

£
Amounts owed to related parties8,461
Total8,461
6.Creditors: amounts due after one year
7.Provisions for liabilities

2024

£
Net deferred tax liability (asset)71
Total71
8.Related party transactions
Included within other creditors is an amount owed to the directors of £8,461. This amount is undated, unsecured, interest free and repayable on demand.