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Registration number: 13504247

Gain & Co UK Limited

trading as Howtorobot

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

Pages for filing with Registrar

 

Gain & Co UK Limited

trading as Howtorobot

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Gain & Co UK Limited

trading as Howtorobot

Company Information

Director

S Hagensen Peters

Registered office

Spaces
Albion House
Unit 6 High st
Woking
GU21 6BG

Registered number

13504247

Accountant

Corrigan Accountants Limited 1st Floor
25 King Street
Bristol
BS1 4PB

 

Gain & Co UK Limited

trading as Howtorobot

(Registration number: 13504247)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,406

8,050

Current assets

 

Debtors

5

14,196

443

Cash at bank and in hand

 

16,620

4,248

 

30,816

4,691

Creditors: Amounts falling due within one year

6

(296,658)

(213,459)

Net current liabilities

 

(265,842)

(208,768)

Net liabilities

 

(262,436)

(200,718)

Capital and reserves

 

Called up share capital

7

600

600

Share premium reserve

155,632

155,632

Profit and loss account

(418,668)

(356,950)

Total equity

 

(262,436)

(200,718)

 

Gain & Co UK Limited

trading as Howtorobot

(Registration number: 13504247)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised for issue by the director on 28 May 2025
 

.........................................

S Hagensen Peters
Director

 

Gain & Co UK Limited

trading as Howtorobot

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Spaces
Albion House
Unit 6 High st
Woking
GU21 6BG

2

Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The company's financial statements have been prepared on a going concern basis. The parent company has confirmed that it will continue to support the company for a period of at least twelve months from the date of approval of these financial statements via intercompany loans. The parent company has raised £2.5 million in debt finance during 2024.

 

Gain & Co UK Limited

trading as Howtorobot

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

The company's policy is to expense the cost of computers and so the depreciation charge has been accelerated to reflect this.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Furniture and fixtures

33% on cost

Computer Equipment

33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at
amortised cost using the effective interest method, less provision for impairment. A provision for the
impairment of trade debtors is established when there is objective evidence that the company will not
be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

 

Gain & Co UK Limited

trading as Howtorobot

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 2).

 

Gain & Co UK Limited

trading as Howtorobot

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible fixed assets

Computer equipment
 £

Furniture and fixtures
£

Total
£

Cost

At 1 January 2024

4,553

13,933

18,486

At 31 December 2024

4,553

13,933

18,486

Depreciation

At 1 January 2024

4,553

5,883

10,436

Charge for the year

-

4,644

4,644

At 31 December 2024

4,553

10,527

15,080

Carrying amount

At 31 December 2024

-

3,406

3,406

At 31 December 2023

-

8,050

8,050

5

Debtors: amounts falling due within one year

2024
£

2023
£

Prepayments

8,876

-

Other debtors

5,320

443

14,196

443

 

Gain & Co UK Limited

trading as Howtorobot

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Note

2024
£

2023
£

Amounts falling due within one year

 

Trade creditors

 

1,546

13

Amounts owed to group undertakings

9

292,462

209,396

Accruals

 

2,650

4,050

 

296,658

213,459


The amounts owed to group undertakings are related to an unsecured loan for an indefinite length. The loan balance accrues interest based on Applicable Federal Rates published by the Internal Revenue Service in Denmark.

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

600

600

600

600

         

8

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

7,657

-

 

Gain & Co UK Limited

trading as Howtorobot

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9

Controlling party

The company's immediate parent is Gain & Co. ApS, a company registered in Denmark, and is a wholly owned subsidiary of Gain & Co Holding ApS which is the ultimate parent company and controlling party, and is incorporated in Denmark. The registered office of the immediate parent is Dirch Passers Alle 27, 2000 Frederiksberg, Denmark.