Company registration number 13873741 (England and Wales)
OBSCURO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
OBSCURO LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
123,600
612,691
Current assets
1,408,668
1,480,255
Prepayments and accrued income
5,980
4,293
Creditors: amounts falling due within one year
(7,650,476)
(6,051,198)
Net current liabilities
(6,235,828)
(4,566,650)
Total assets less current liabilities
(6,112,228)
(3,953,959)
Net liabilities
(6,112,228)
(3,953,959)
Capital and reserves
(6,112,228)
(3,953,959)
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
During the year, the company made interest-free advances to a director amounting to £10,000 repayable over nine months.The company received repayments of £1,112.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
8
6
3
Creditors
Included within creditors is a convertible loan note with a carrying value of £1,650,973, on which interest accrues at a rate of 2% per annum. Repayment of the loan may be demanded after 5 April 2025 by the lender. The loan may be converted to equity under various triggers enshrined in the convertible loan note agreement.
Also included within other creditors are token warrants issued which entitle the holder to receipt of cryptocurrencies at set exercise prices, which are held on the balance sheet at cost. The holders of the warrants may exercise their option to purchase the cryptocurrency at any time after its launch which is due to take place in 2025.
Obscuro Limited is a private company limited by shares incorporated in England and Wales. The registered office is Fitzroy House, Crown Street, Ipswich, Suffolk, IP1 3LG.
For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
OBSCURO LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 2 -
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime', and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 30 May 2025 and are signed on its behalf by:
G Thomas
Director
Company registration number 13873741 (England and Wales)