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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
Page
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Native Platform Ltd Company Information for the year ended 31 December 2024
Director
Igor Pavlov
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
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Native Platform Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,188 
4,648 
Current assets
Debtors
2,105 
- 
Cash at bank and in hand
22,796 
8,632 
24,901 
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)
Capital and reserves
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
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Native Platform Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
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
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
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.
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Native Platform Ltd Notes to the Accounts for the year ended 31 December 2024
Pension costs
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.
Financial instruments
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 
Additions
- 
1,498 
1,498 
Disposals
(1,225)
(11,901)
(13,126)
At 31 December 2024
- 
7,780 
7,780 
Depreciation
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 
Net book value
At 31 December 2024
- 
3,188 
3,188 
At 31 December 2023
169 
4,479 
4,648 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,105 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
12,091 
6,412 
Taxes and social security
- 
353 
Other creditors
35,712 
31,798 
Loans from directors
1,381 
45 
49,184 
38,608 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
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Native Platform Ltd Notes to the Accounts for the year ended 31 December 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Igor Pavlov
Director's Loan Account
45 
1,336 
- 
1,381 
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).
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