Registered number
15452966
Parabol Labs Ltd
Filleted Accounts
31 January 2025
Parabol Labs Ltd
Registered number: 15452966
Balance Sheet
as at 31 January 2025
Notes 2025
£
Fixed assets
Intangible assets 3 79,432
Tangible assets 4 6,020
Investments 5 6,443
91,895
Current assets
Debtors 6 130,502
Cash at bank and in hand 1,029,181
1,159,683
Creditors: amounts falling due within one year 7 (15,812)
Net current assets 1,143,871
Net assets 1,235,766
Capital and reserves
Called up share capital 1,000
Share premium 133,221
SAFE (simple agreements for future equity) 8 1,524,986
Profit and loss account (423,441)
Shareholders' funds 1,235,766
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Emre Colakoglu
Director
Approved by the board on 17 June 2025
Parabol Labs Ltd
Notes to the Accounts
for the period from 30 January 2024 to 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract and when it is probable that the company will receive the consideration due under the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Computer equipment, tools and other equipment over 3 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous 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.
2 Employees 2025
Number
Average number of persons employed by the company 3
3 Intangible fixed assets £
Cost
Additions 119,148
At 31 January 2025 119,148
Amortisation
Provided during the period 39,716
At 31 January 2025 39,716
Net book value
At 31 January 2025 79,432
Intangibe assets relate to software development of the blockchain protocol, and related legal opinions.

The asset is being amortised over 3 years on a straight line basis.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 9,030
At 31 January 2025 9,030
Depreciation
Charge for the period 3,010
At 31 January 2025 3,010
Net book value
At 31 January 2025 6,020
5 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 6,443
At 31 January 2025 6,443
6 Debtors 2025
£
Amounts owed by group undertakings 71,728
Pre payments 11,731
Other debtors 47,043
130,502
7 Creditors: amounts falling due within one year 2025
£
Taxation and social security costs 5,878
Accruals 1,920
Other creditors 8,014
15,812
8 SAFE (simple agreements for future equity) 2025
£
Convertible equity instruments 1,524,986
At 31 January 2025 1,524,986
9 Subsidiaries
The company has 100% ownership of the following subsidiaries:

Parabol Labs Dijital Yazilim Anonim Sirketi (registered in Turkey)

Parabol Italia Srl (registered in Italy)
10 Other information
Parabol Labs Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
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