Registered Number
(England and Wales)
Unaudited Financial Statements for the Year ended
30 November 2024
Directors | |
Company Secretary | KARP, Hugh |
Registered Address | |
Registered Number |
Notes | 2024 | 2023 | ||||||
|---|---|---|---|---|---|---|---|---|
£ | £ | £ | £ | |||||
| Fixed assets | ||||||||
| Intangible assets | 3 | |||||||
| Tangible assets | 4 | |||||||
| Current assets | ||||||||
| Debtors | 5 | |||||||
| Cash at bank and on hand | ||||||||
| Creditors amounts falling due within one year | 6 | ( | ||||||
| Net current assets (liabilities) | ||||||||
| Total assets less current liabilities | ||||||||
| Net assets | ||||||||
| Capital and reserves | ||||||||
| Called up share capital | ||||||||
| Share premium | ||||||||
| Profit and loss account | ( | ( | ||||||
| Shareholders' funds | ||||||||
| The financial statements were approved and authorised for issue by the Board of Directors on 7 August 2025, and are signed on its behalf by: |
Director Registered Company No. 14509454 |
| 1. | Accounting policies |
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| Statutory information | |
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| Statement of compliance | |
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| Basis of preparation | |
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| Functional and presentation currency | |
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| Going concern | |
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| Revenue from rendering of services | |
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| 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 | |
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| Interest income is recognised using the effective interest rate method. |
| Employee benefits | |
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| Foreign currency translation | |
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| Intangible assets | |
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| Cryptocurrency assets | |
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| Cryptocurrency assets (under IAS 38) are recorded as intangible assets and can be measured at either cost or revaluation. Intangible assets comprise primarily of cryptocurrency and other digital assets. Intangible assets are initially recognised at cost. After recognition, under the revaluation model, cryptocurrencies shall be carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent impairment losses - provided that the fair value can be determined by reference to an active market. Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting date. |
| Tangible fixed assets and depreciation | |
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| Straight line (years) | ||
|---|---|---|
| Office Equipment |
| Trade and other debtors | |
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| Cash and cash equivalents | |
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| Trade and other creditors | |
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| Share capital | |
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| 2. | Average number of employees |
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| 2024 | 2023 | |||
|---|---|---|---|---|
| Average number of employees during the year |
| 3. | Intangible assets |
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Other | Total | |||
|---|---|---|---|---|
| £ | £ | |||
| Cost or valuation | ||||
| At 01 December 23 | ||||
| Additions | ||||
| Revaluations | ( | ( | ||
| At 30 November 24 | ||||
| Net book value | ||||
| At 30 November 24 | ||||
| At 30 November 23 |
| 4. | Tangible fixed assets |
|---|---|
Office Equipment | Total | |||
|---|---|---|---|---|
| £ | £ | |||
| Cost or valuation | ||||
| At 01 December 23 | ||||
| Additions | ||||
| At 30 November 24 | ||||
| Depreciation and impairment | ||||
| At 01 December 23 | ||||
| Charge for year | ||||
| At 30 November 24 | ||||
| Net book value | ||||
| At 30 November 24 | ||||
| At 30 November 23 |
| 5. | Debtors: amounts due within one year |
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2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| Other debtors | ||||
| Total |
| 6. | Creditors: amounts due within one year |
|---|---|
2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| Other creditors | ||||
| Accrued liabilities and deferred income | ||||
| Total |
| 7. | Share capital |
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