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COMPANY REGISTRATION NUMBER: 11018573
Cambridge Blockchain Group Limited
Filleted Unaudited Accounts
31 October 2024
Cambridge Blockchain Group Limited
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
£
Current assets
Debtors
5
18,257
6,761
Cash at bank and in hand
29
40,443
--------
--------
18,286
47,204
Creditors: amounts falling due within one year
6
( 114,654)
( 97,380)
---------
--------
Net current liabilities
( 96,368)
( 50,176)
--------
--------
Total assets less current liabilities
( 96,368)
( 50,176)
--------
--------
Net liabilities
( 96,368)
( 50,176)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 96,468)
( 50,276)
--------
--------
Shareholders deficit
( 96,368)
( 50,176)
--------
--------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;
- 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 were approved by the board of directors and authorised for issue on 17 July 2025 , and are signed on behalf of the board by:
C J Core
Director
Company registration number: 11018573
Cambridge Blockchain Group Limited
Notes to the Accounts
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The principal place of business is Mill House, Mill Court, Station Road, Great Shelford, Cambridgeshire, CB22 5LD.
2. Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The accounts have been prepared on the historical cost basis. The accounts are prepared in sterling, which is the functional currency of the entity.
Going concern
At the balance sheet date the company liabilities exceeded its asset by £96,368, the directors have assessed the company ability to continue with its policy to obtain further government grants and investors.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Debtors
2024
2023
£
£
Other debtors
18,257
6,761
--------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
8,401
39,136
Other creditors
106,253
58,244
---------
--------
114,654
97,380
---------
--------