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Registered number: 08766237
Typedb Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Contents
Page
Company Information 1
Accountants' Report 2
Statement of Financial Position 3—4
Statement of Changes in Equity 5
Notes to the Financial Statements 6—10
Page 1
Company Information
Directors Stuart Lawson
Rupert Lywood
Haikal Pribadi
Company Number 08766237
Registered Office First Floor
5 Fleet Place
London
EC4M 7RD
Accountants Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Page 1
Page 2
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Typedb Ltd For The Year Ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Typedb Ltd For The Year Ended 31 January 2025 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Typedb Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Typedb Ltd and state those matters that we have agreed to state to the directors of Typedb Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Typedb Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that Typedb Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Typedb Ltd . You consider that Typedb Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Typedb Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
29/05/2025
Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Page 2
Page 3
Statement of Financial Position
Registered number: 08766237
31 January 2025 31 January 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,300 46,889
Investments 5 8 8
23,308 46,897
CURRENT ASSETS
Debtors 6 300,924 498,738
Cash at bank and in hand 17,296 21,978
318,220 520,716
Creditors: Amounts Falling Due Within One Year 7 (646,219 ) (821,616 )
NET CURRENT ASSETS (LIABILITIES) (327,999 ) (300,900 )
TOTAL ASSETS LESS CURRENT LIABILITIES (304,691 ) (254,003 )
Creditors: Amounts Falling Due After More Than One Year 8 (993,535 ) -
NET LIABILITIES (1,298,226 ) (254,003 )
CAPITAL AND RESERVES
Called up share capital 9 328,324 311,839
Share premium account 9,090,357 8,614,875
Income Statement (10,716,907 ) (9,180,717 )
SHAREHOLDERS' FUNDS (1,298,226) (254,003)
Page 3
Page 4
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Income Statement.
On behalf of the board
Stuart Lawson
Director
29/05/2025
The notes on pages 6 to 10 form part of these financial statements.
Page 4
Page 5
Statement of Changes in Equity
Share Capital Share Premium Income Statement Total
£ £ £ £
As at 1 December 2022 311,839 8,614,875 (6,245,918 ) 2,680,796
Loss for the period and total comprehensive income - - (2,934,799 ) (2,934,799)
As at 31 January 2024 and 1 February 2024 311,839 8,614,875 (9,180,717 ) (254,003)
Loss for the year and total comprehensive income - - (1,536,190 ) (1,536,190)
Arising on shares issued during the period 16,485 475,482 - 491,967
As at 31 January 2025 328,324 9,090,357 (10,716,907 ) (1,298,226)
Page 5
Page 6
Notes to the Financial Statements
1. General Information
Typedb Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08766237 . The registered office is First Floor, 5 Fleet Place, London, EC4M 7RD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
The company has full support from its Directors and therefore is deemed a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Leasehold improvements Over the remaining life of the lease
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
Page 6
Page 7
2.5. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 7
Page 8
2.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 17)
11 17
4. Tangible Assets
Land & Property
Leasehold improvements Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2024 64,350 25,606 78,924 168,880
Additions - 1,256 916 2,172
Disposals (64,350 ) (23,639 ) (29,351 ) (117,340 )
As at 31 January 2025 - 3,223 50,489 53,712
Depreciation
As at 1 February 2024 62,381 19,498 40,112 121,991
Provided during the period 1,477 2,956 12,721 17,154
Disposals (63,858 ) (20,062 ) (24,813 ) (108,733 )
As at 31 January 2025 - 2,392 28,020 30,412
Net Book Value
As at 31 January 2025 - 831 22,469 23,300
As at 1 February 2024 1,969 6,108 38,812 46,889
Page 8
Page 9
5. Investments
Subsidiaries
£
Cost
As at 1 February 2024 8
As at 31 January 2025 8
Provision
As at 1 February 2024 -
As at 31 January 2025 -
Net Book Value
As at 31 January 2025 8
As at 1 February 2024 8
6. Debtors
31 January 2025 31 January 2024
£ £
Due within one year
Prepayments and accrued income 14,487 42,544
Other debtors 22,872 7,654
Corporation tax recoverable assets 256,975 430,500
VAT 6,590 18,040
300,924 498,738
7. Creditors: Amounts Falling Due Within One Year
31 January 2025 31 January 2024
£ £
Trade creditors 115,769 212,501
Other taxes and social security 262,092 277,033
Other creditors 33,005 67,468
Accruals and deferred income 210,840 238,133
Amounts owed to group undertakings 24,513 26,481
646,219 821,616
Page 9
Page 10
8. Creditors: Amounts Falling Due After More Than One Year
31 January 2025 31 January 2024
£ £
Other loans 950,057 -
Other creditors 43,478 -
993,535 -
9. Share Capital
31 January 2025 31 January 2024
Allotted, called up and fully paid £ £
32,832,400 Ordinary Shares of £ 0.01 each 328,324 311,839
Shares issued during the period: £
1,648,500 Ordinary Shares of £ 0.01 each 16,485
10. Related Party Transactions
At the year end £950,057 (2023: £Nil) was due to Animatrix Founders LLP, which is controlled by R C G Lywood. During the year interest of £47,218 (2023: £72,026) was charged by Animatrix Founders LLP.
Page 10