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Registered number: 06479212
Dataqubed Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
MyAccountant.co.uk Limited
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—8
Page 1
Company Information
Directors Dr S G Kulkarni
Mr R Patel
Company Number 06479212
Registered Office 11 Kirkland Walk
Hackney
London
E8 3SY
Accountants MyAccountant.co.uk Limited
17 Enterprise Court
Crossland Way
Cramlington
NE23 1LZ
Page 1
Page 2
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval
the accounts of DATAQUBED Ltd for the year ended 31 March 2025 as set out on pages 4 to 12 from the
company's accounting records and from information and explanations you have given us.
It is your duty to ensure that DATAQUBED Ltd has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and loss of DATAQUBED Ltd.
You consider that DATAQUBED Ltd is exempt from the statutory audit requirement for the year.
24/07/2025
MyAccountant.co.uk Limited
17 Enterprise Court
Crossland Way
Cramlington
NE23 1LZ
Page 2
Page 3
Balance Sheet
Registered number: 06479212
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,608 2,517
Investments 2,000,000 2,000,000
2,002,608 2,002,517
CURRENT ASSETS
Debtors 6 137,517 143,994
Cash at bank and in hand 206,016 148,413
343,533 292,407
Creditors: Amounts Falling Due Within One Year 7 (147,660 ) (158,432 )
NET CURRENT ASSETS (LIABILITIES) 195,873 133,975
TOTAL ASSETS LESS CURRENT LIABILITIES 2,198,481 2,136,492
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,875 ) (1,875 )
NET ASSETS 2,196,606 2,134,617
CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 11 141,176 141,176
Profit and Loss Account 2,055,428 1,993,439
SHAREHOLDERS' FUNDS 2,196,606 2,134,617
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Page 4
For the year ending 31 March 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R Patel
Director
24/07/2025
The notes on pages 5 to 8 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Dataqubed Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06479212 . The registered office is 11 Kirkland Walk, Hackney, London, E8 3SY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
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.
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).
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis.
2.3. Turnover
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.
2.4. Tangible Fixed Assets and Depreciation
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 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:
Plant & Machinery Straight line over 4 years
Fixtures & Fittings Straight line over 5 years
Computer Equipment Straight line over 3 years
2.5. Investment Properties
Investment property is carried at fair value, derived from the current market prices for comparable real estate
determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any
difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit
or loss.
2.6. Leasing and Hire Purchase Contracts
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as
operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over
the period of the lease.
2.7. Foreign Currencies
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of
the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the
respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary
items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when
the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
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2.8. Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that
a change attributable to an item of income or expense recognised as other comprehensive income is also
recognised directly in other comprehensive income.
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.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the
financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
reporting date and that are expected to apply to the reversal of the timing difference.
2.9. Pensions
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.
2.10. Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is
measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed,
and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly
attributable to the business combination. When a business combination agreement provides for an adjustment to
the cost of the combination contingent on future events, the group includes the estimated amount of that
adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be
measured reliably.
2.11. Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are
initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity
shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less
impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method.
Dividends on equity securities are recognised in income when receivable.
2.12. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 8,429 14,773 8,830 32,032
Additions - 862 1,085 1,947
Disposals - (597 ) - (597 )
As at 31 March 2025 8,429 15,038 9,915 33,382
...CONTINUED
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Depreciation
As at 1 April 2024 7,886 12,799 8,830 29,515
Provided during the period 271 745 362 1,378
Disposals - (119 ) - (119 )
As at 31 March 2025 8,157 13,425 9,192 30,774
Net Book Value
As at 31 March 2025 272 1,613 723 2,608
As at 1 April 2024 543 1,974 - 2,517
5. Investment Property
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 1,856,949 1,856,949
The investment properties were valued on 31 March 2025 by Mr R Patel who is internal to the company. The
basis of this value was open market value. This class of assets has a current value of £2,000,000 (2024 £2,000,000) and a historical cost of £1,856,949.
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 109,708 92,082
Other debtors 27,809 51,912
137,517 143,994
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 37,315 32,363
Other creditors 25,299 2,720
Taxation and social security 85,046 123,349
147,660 158,432
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Dr Suhasini Kulkarni - 605 - - 605
Mr Riteshkumar Patel 38,270 2,705 (43,156 ) - (2,181 )
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10. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 74,157 68,803
Interim dividend of 37,078.62 (2024 - 34,401.36) per each Ordinary shares
11. Reserves
Revaluation Reserve
£
As at 1 April 2024 141,176
As at 31 March 2025 141,176
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