Company Registration No. 09897552 (England and Wales)
Native Platform Ltd
Unaudited accounts
for the year ended 31 December 2024
Native Platform Ltd
Unaudited accounts
Contents
Native Platform Ltd
Company Information
for the year ended 31 December 2024
Company Number
09897552 (England and Wales)
Registered Office
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
United Kingdom
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
Native Platform Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
3,188
4,648
Cash at bank and in hand
22,796
8,632
Creditors: amounts falling due within one year
(49,184)
(38,608)
Net current liabilities
(24,283)
(29,976)
Net liabilities
(21,095)
(25,328)
Called up share capital
10
10
Profit and loss account
(21,105)
(25,338)
Shareholders' funds
(21,095)
(25,328)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 June 2025 and were signed on its behalf by
Igor Pavlov
Director
Company Registration No. 09897552
Native Platform Ltd
Notes to the Accounts
for the year ended 31 December 2024
Native Platform Ltd is a private company, limited by shares, registered in England and Wales, registration number 09897552. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Straight line at 33.33%
Computer equipment
Straight line at 33.33%
Research and development tax credit
During the financial year, Native Platform Ltd received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Native Platform Ltd
Notes to the Accounts
for the year ended 31 December 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
1,225
18,183
19,408
Disposals
(1,225)
(11,901)
(13,126)
At 31 December 2024
-
7,780
7,780
At 1 January 2024
1,056
13,704
14,760
Charge for the year
169
2,789
2,958
On disposals
(1,225)
(11,901)
(13,126)
At 31 December 2024
-
4,592
4,592
At 31 December 2024
-
3,188
3,188
At 31 December 2023
169
4,479
4,648
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
353
Other creditors
35,712
31,798
Loans from directors
1,381
45
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Native Platform Ltd
Notes to the Accounts
for the year ended 31 December 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan Account
45
1,336
-
1,381
The directors' loans are interest-free and repayable on demand.
9
Transactions with related parties
Included in other creditors is a loan of £12,692 (2023: £25,516) payable to Aleksandr Kazantcev, a shareholder of the company. The loan is interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).