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BITNEST LTD

Registered Number
15180473
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2025

BITNEST LTD
Company Information
for the period from 2 October 2023 to 31 March 2025

Director

Jack Archibald Melville

Registered Address

86-90 Paul Street
London
EC2A 4NE

Registered Number

15180473 (England and Wales)
BITNEST LTD
Balance Sheet as at
31 March 2025

Notes

2025

£

£

Fixed assets
Tangible assets3991
991
Current assets
Debtors421
Cash at bank and on hand919
940
Creditors amounts falling due within one year5(6,088)
Net current assets (liabilities)(5,148)
Total assets less current liabilities(4,157)
Provisions for liabilities(188)
Net assets(4,345)
Capital and reserves
Called up share capital1
Profit and loss account(4,346)
Shareholders' funds(4,345)
The financial statements were approved and authorised for issue by the Director on 9 June 2025, and are signed on its behalf by:
Jack Archibald Melville
Director
Registered Company No. 15180473
BITNEST LTD
Notes to the Financial Statements
for the period ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
The financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net liability position of the company. The company is reliant upon the continued support of the director who has confirmed that they will continue to support the company as required.
Turnover policy
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.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixed assets are stated at cost, being purchase price, less accumulated depreciation.

Reducing balance (%)
Office Equipment25
2.Average number of employees

2025
Average number of employees during the year1
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions1,1421,142
At 31 March 251,1421,142
Depreciation and impairment
Charge for year151151
At 31 March 25151151
Net book value
At 31 March 25991991
At 01 October 23--
4.Debtors: amounts due within one year

2025

£
Other debtors21
Total21
5.Creditors: amounts due within one year

2025

£
Other creditors5,188
Accrued liabilities and deferred income900
Total6,088