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REGISTERED NUMBER: 07454597 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

PILOT CREATIVE LIMITED

PILOT CREATIVE LIMITED (REGISTERED NUMBER: 07454597)

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


PILOT CREATIVE LIMITED

Company Information
for the year ended 31 December 2024







Directors: M Drozdzynski
S M Kolarzowski





Registered office: St. John's Innovation Centre
Cowley Road
Cambridgeshire
CB4 0WS





Registered number: 07454597 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

PILOT CREATIVE LIMITED (REGISTERED NUMBER: 07454597)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £
Fixed assets
Intangible assets 4 - -
Investments 5 3,874 3,874
3,874 3,874

Current assets
Debtors 6 4,220 38,249
Cash at bank 492,841 467,760
497,061 506,009
Creditors
Amounts falling due within one year 7 5,675 33,714
Net current assets 491,386 472,295
Total assets less current liabilities 495,260 476,169

Capital and reserves
Called up share capital 8 100 100
Retained earnings 495,160 476,069
Shareholders' funds 495,260 476,169

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.

PILOT CREATIVE LIMITED (REGISTERED NUMBER: 07454597)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by:





M Drozdzynski - Director


PILOT CREATIVE LIMITED (REGISTERED NUMBER: 07454597)

Notes to the Financial Statements
for the year ended 31 December 2024


1. Statutory information

Pilot Creative 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 (£).


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 not been prepared on a going concern basis. The directors have assessed the company’s financial position and have determined that it is not appropriate to adopt the going concern basis of accounting, as the company intends to wind down operations and cease trading within the next financial year.

Judgements and key sources of estimation uncertainty
There have been no significant judgements or estimates applied to the numbers contained within these financial statements.

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

Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the transaction providing that; the amount of revenue associated with the transaction can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company, the stage of completion of the transaction can be measured reliably and the costs incurred or to be incurred in respect of completing the transaction can be measured reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Investments in subsidiaries
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.

PILOT CREATIVE LIMITED (REGISTERED NUMBER: 07454597)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises of current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. Employees

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

PILOT CREATIVE LIMITED (REGISTERED NUMBER: 07454597)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


4. Intangible fixed assets
Computer
software
£
Cost
At 1 January 2024
and 31 December 2024 14,619
Amortisation
At 1 January 2024
and 31 December 2024 14,619
Net book value
At 31 December 2024 -
At 31 December 2023 -

5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 January 2024
and 31 December 2024 3,874
Net book value
At 31 December 2024 3,874
At 31 December 2023 3,874

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors - 36,760
Amounts owed by group undertakings - 80
Other debtors 4,220 1,409
4,220 38,249

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 473 26,277
Taxation and social security 5,158 7,226
Other creditors 44 211
5,675 33,714

PILOT CREATIVE LIMITED (REGISTERED NUMBER: 07454597)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

9. Ultimate controlling party

The company’s ultimate parent company is Pilot Platform, Inc. a company incorporated in the USA, with its registered office address being 548 Market St. #91283, San Francisco, CA 94104, USA.