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REGISTERED NUMBER: 12873903 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SQUIRRELLED LIMITED

SQUIRRELLED LIMITED (REGISTERED NUMBER: 12873903)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 September 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


SQUIRRELLED LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 September 2024







DIRECTORS: Mr P Jensen
Mrs A W Woodford
Mr R Collett
Mr C Hayward
Mr S W J Woodford
Mr R C Campbell





REGISTERED OFFICE: 41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX





REGISTERED NUMBER: 12873903 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

SQUIRRELLED LIMITED (REGISTERED NUMBER: 12873903)

BALANCE SHEET
30 September 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 23,000
Tangible assets 5 3 119
3 23,119

CURRENT ASSETS
Cash at bank 1,294 9,848

CREDITORS
Amounts falling due within one year 6 361,779 342,896
NET CURRENT LIABILITIES (360,485 ) (333,048 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(360,482

)

(309,929

)

CAPITAL AND RESERVES
Called up share capital 143 143
Retained earnings (360,625 ) (310,072 )
SHAREHOLDERS' FUNDS (360,482 ) (309,929 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 20 June 2025 and were signed on its behalf by:




Mr P Jensen - Director



Mrs A W Woodford - Director


SQUIRRELLED LIMITED (REGISTERED NUMBER: 12873903)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 September 2024

1. STATUTORY INFORMATION

Squirrelled 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023 27,300
Disposals (27,300 )
At 30 September 2024 -
AMORTISATION
At 1 October 2023 4,300
Eliminated on disposal (4,300 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 23,000

SQUIRRELLED LIMITED (REGISTERED NUMBER: 12873903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 September 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2023
and 30 September 2024 350
DEPRECIATION
At 1 October 2023 231
Charge for year 116
At 30 September 2024 347
NET BOOK VALUE
At 30 September 2024 3
At 30 September 2023 119

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 4,694 2,638
Amounts owed to group undertakings 300,032 304,040
VAT 421 198
Directors' current accounts 56,082 35,470
Accrued expenses 550 550
361,779 342,896

7. SECURED DEBTS

On 26 January 2023 and 4 November 2024 Peter Jensen, the director and shareholder, registered a floating charge over the intellectual property present or future and over all the property or undertaking of the company.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
as restated
£    £   
Mr P Jensen
Balance outstanding at start of year (18,044 ) (18,044 )
Amounts advanced 3,206 -
Amounts repaid (23,903 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (38,741 ) (18,044 )

SQUIRRELLED LIMITED (REGISTERED NUMBER: 12873903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 September 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs A W Woodford
Balance outstanding at start of year (17,426 ) (17,426 )
Amounts advanced 4,086 45,750
Amounts repaid (4,101 ) (45,750 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (17,441 ) (17,426 )

The loans are interest free and there are no set repayment terms.

9. RELATED PARTY DISCLOSURES

Included within creditors at the year end is a balance of £300,032 (2023: £304,040) owed to Squirrelled Holdings Ltd, a company who owns the majority of the shares in Squirrelled Ltd. All transactions were at an arms length and this loan has no repayment or interest terms.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Squirrelled Holdings Ltd.

The registered office address of Squirrelled Holdings Limited is 41 Rodney Road, Cheltenham, Gloucestershire, GL50 1HX