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REGISTERED NUMBER: 10439092 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DATA DWELL LIMITED

DATA DWELL LIMITED (REGISTERED NUMBER: 10439092)






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


DATA DWELL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: O H Thorkelsson





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 10439092 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

DATA DWELL LIMITED (REGISTERED NUMBER: 10439092)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 472,837 813,265
Tangible assets 5 824 812
473,661 814,077

CURRENT ASSETS
Debtors 6 60,331 51,394
Cash at bank 1,001 936
61,332 52,330
CREDITORS
Amounts falling due within one year 7 310,098 398,281
NET CURRENT LIABILITIES (248,766 ) (345,951 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,895

468,126

CREDITORS
Amounts falling due after more than one
year

8

-

212,500

CAPITAL AND RESERVES
Called up share capital 9 1,099,294 1,099,294
Retained earnings (874,399 ) (843,668 )
SHAREHOLDERS' FUNDS 224,895 255,626
224,895 468,126

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 director acknowledges his 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.

DATA DWELL LIMITED (REGISTERED NUMBER: 10439092)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 June 2025 and were signed by:





O H Thorkelsson - Director


DATA DWELL LIMITED (REGISTERED NUMBER: 10439092)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Data Dwell 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.

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.

The financial statements have been prepared on the going concern basis. This basis assumes the ongoing support of the parent company, such support being pledged for at least twelve months and one day from the date the financial statements are signed.

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

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.

Research costs are not capitalised. Development costs are capitalised once a project becomes viable. Development costs are amortised over their estimated useful life of four or six years.

After the year the end, an end of life for the intangible product was set at 31st December 2026. Going forward the intangible asset will be amortised over it's remaining life.

Tangible fixed assets
Tangible assets are initially measured at cost and subsequently at cost, net of depreciation and any impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Computer equipment - straight line over 3 years
Office equipment - straight line over 3 years

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by section 12 of FRS102

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.


DATA DWELL LIMITED (REGISTERED NUMBER: 10439092)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 2,208,440
AMORTISATION
At 1 January 2024 1,395,175
Charge for year 340,428
At 31 December 2024 1,735,603
NET BOOK VALUE
At 31 December 2024 472,837
At 31 December 2023 813,265

DATA DWELL LIMITED (REGISTERED NUMBER: 10439092)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 11,828
Additions 1,096
At 31 December 2024 12,924
DEPRECIATION
At 1 January 2024 11,016
Charge for year 1,084
At 31 December 2024 12,100
NET BOOK VALUE
At 31 December 2024 824
At 31 December 2023 812

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 58,547 49,577
Other debtors 1,784 1,817
60,331 51,394

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 6,280 6,319
Amounts owed to group undertakings 190,807 280,669
Taxation and social security 7,158 17,485
Other creditors & accruals 105,853 93,808
310,098 398,281

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Amounts owed to group undertakings - 212,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,099,194 Ordinary £1 1,099,294 1,099,294

DATA DWELL LIMITED (REGISTERED NUMBER: 10439092)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. ULTIMATE CONTROLLING PARTY

The directors believe there is no ultimate controlling party.