2024-04-012025-03-312025-03-31false12431555RAINDROP TECHNOLOGIES HOLDINGS 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RAINDROP TECHNOLOGIES HOLDINGS LTD

Registered Number
12431555
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

RAINDROP TECHNOLOGIES HOLDINGS LTD
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

ROSS, Marco Rene
FORTIO, Philip Daniel
SHRIDHARANI, Vivan Amar, Mr.

Company Secretary

MBM SECRETARIAL SERVICES LIMITED

Registered Address

Runway East London Bridge
20 St Thomas Street
London
SE1 9RS

Registered Number

12431555 (England and Wales)
RAINDROP TECHNOLOGIES HOLDINGS LTD
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Current assets
Debtors431,548378,648
Cash at bank and on hand756,936140,300
1,188,484518,948
Creditors amounts falling due within one year4(278,256)(109,781)
Net current assets (liabilities)910,228409,167
Total assets less current liabilities910,228409,167
Net assets910,228409,167
Capital and reserves
Called up share capital3,535,5703,531,290
Other reserves217,352136,013
Profit and loss account(2,842,694)(3,258,136)
Shareholders' funds6910,228409,167
The financial statements were approved and authorised for issue by the Board of Directors on 23 July 2025, and are signed on its behalf by:
ROSS, Marco Rene
Director
Registered Company No. 12431555
RAINDROP TECHNOLOGIES HOLDINGS LTD
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Interest income
Interest income is recognised using the effective interest rate method.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Share-based payments
The company provides share-based payment arrangements to certain employees. Equity-settled arrangements are measured at fair value (excluding the effect of non-market based vesting conditions) at the date of the grant. The fair value is expensed on a straightline basis over the vesting period. The amount recognised as an expense is adjusted to reflect the actual number of shares or options that will vest. Where equity-settled arrangements are modified, and are of benefit to the employee, the incremental fair value is recognised over the period from the date of modification to date of vesting. Where a modification is not beneficial to the employee there is no change to the charge for share-based payment. Settlements and cancellations are treated as an acceleration of vesting and the unvested amount is recognised immediately in the income statement.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Research and development
All research costs are expensed. Costs related to the development of products are capitalised when they meet the criteria stated in FRS 102, Section 18 Intangible assets other than Goodwill. All other development expenditure is recognised as an expense in the period in which it is incurred.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Full depreciation at purchase date.
2.Average number of employees

20252024
Average number of employees during the year3220
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 2413,09313,093
Additions17,33817,338
At 31 March 2530,43130,431
Depreciation and impairment
At 01 April 2413,09313,093
Charge for year17,33817,338
At 31 March 2530,43130,431
Net book value
At 31 March 25--
At 31 March 24--
4.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables151,64248,347
Bank borrowings and overdrafts-17,125
Taxation and social security35,86510,968
Other creditors34,084-
Accrued liabilities and deferred income56,66533,341
Total278,256109,781
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Capital commitments
29495 Share options granted to third parties remain to be exercised. During the financial year 152,133 options were exercised.
6.Fair value reserve
EMI Scheme expensed over a four year period.