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Registration number: 13609451

81K Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

81K Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

81K Ltd

(Registration number: 13609451)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

100,244

78,260

Tangible assets

5

6,679

4,435

 

106,923

82,695

Current assets

 

Cash at bank and in hand

 

5,560

1,878

Creditors: Amounts falling due within one year

6

(34,514)

(46,767)

Net current liabilities

 

(28,954)

(44,889)

Net assets

 

77,969

37,806

Capital and reserves

 

Called up share capital

100

1

Retained earnings

77,869

37,805

Shareholders' funds

 

77,969

37,806

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 June 2025 and signed on its behalf by:
 

.........................................
Mr Giovanni William Di Siena
Director

 

81K Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

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

The address of its registered office is:
Suite I Windrush Court
Abingdon Business Park
Abingdon
Oxfordshire
OX14 1SY
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet 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.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

 

81K Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Intangible assets

Cryptographic assets and are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the asset is publicly traded or their fair value can otherwise be measured reliably.

Other intangible assets are capitalised at cost.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Computer software

3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

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

 

81K Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 October 2023

81,994

81,994

Revaluations

22,066

22,066

Additions acquired separately

4,051

4,051

Disposals

(2,266)

(2,266)

At 30 September 2024

105,845

105,845

Amortisation

At 1 October 2023

3,734

3,734

Amortisation charge

1,867

1,867

At 30 September 2024

5,601

5,601

Carrying amount

At 30 September 2024

100,244

100,244

At 30 September 2023

78,260

78,260

 

81K Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 October 2023

6,353

6,353

Additions

3,999

3,999

At 30 September 2024

10,352

10,352

Depreciation

At 1 October 2023

1,918

1,918

Charge for the year

1,755

1,755

At 30 September 2024

3,673

3,673

Carrying amount

At 30 September 2024

6,679

6,679

At 30 September 2023

4,435

4,435

 

81K Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

5,450

1,284

Other creditors

29,064

45,483

34,514

46,767

7

Related party transactions

Transactions with directors

2024

At 1 October 2023
£

Advances to director
£

Other payments made to company by director
£

At 30 September 2024
£

Mr Giovanni William Di Siena

Director loan

44,233

(28,367)

11,948

27,814

2023

At 1 October 2022
£

Advances to director
£

Other payments made to company by director
£

At 30 September 2023
£

Mr Giovanni William Di Siena

Director loan

2,009

(4,990)

47,214

44,233