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ETHOS-CHAIN LTD

Registered Number
14915273
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2025

ETHOS-CHAIN LTD
Company Information
for the year from 1 July 2024 to 30 June 2025

Directors

DAVIES, Christopher James
GRIFFITHS, Simon
HALLETT, Matthew Robert
JOHN, Spencer
SHEARER, John Michael
SUMMERS, James Martyn

Registered Address

71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

Registered Number

14915273 (England and Wales)
ETHOS-CHAIN LTD
Directors' Report

The directors present their report and the financial statements of the company for the year ended 30 June 2025.

The directors who served during the year were as follows:

DAVIES, Christopher James

GRIFFITHS, Simon

HALLETT, Matthew Robert

JOHN, Spencer

SHEARER, John Michael

SUMMERS, James Martyn

HEIKKILA, Christelle Anne (Resigned 3 June 2025)

MURPHY, Scott Gardiner (Resigned 28 August 2024)

WEBB, Timothy Richard (Resigned 27 November 2024)


Statement of Directors Responsibilities
The directors are responsible for preparing the Directors’ Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit and loss for the company for that period. In preparing these financial statements, the directors are required to: • select suitable accounting policies and then apply them consistently; • make judgements and accounting estimates that are reasonable and prudent; • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small companies regime

The report of the directors has been prepared taking advantage of the small companies exemptions of Section 415A of the Companies Act 2006.

By order of the board:

SUMMERS, James Martyn
Director

12 August 2025



ETHOS-CHAIN LTD
Accountants' Report

Chartered Accountants' report to the directors on the preparation of the unaudited statutory financial statements of ETHOS-CHAIN LTD (the company) for the year ended 30 June 2025.

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 30 June 2025 which comprise the Profit and Loss accounts, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the directors of the company, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the directors of the company, as a body, in this report in accordance with the ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its directors, as a body, for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of the company. You consider that the company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Smooth Accounting
1000 Lakeside
North Harbour
Western Road
Cosham
PO6 3EN

Date: 12 August 2025

ETHOS-CHAIN LTD
Profit and Loss Account
for the year from 1 July 2024 to 30 June 2025

Notes

2025
£

2024
£

Gross profit275,89324,670
Administrative expenses(218,393)(16,383)
Interest payable and similar charges(68)(60)
Profit before taxation57,4328,227
Tax(23,113)-
Profit for the year34,3198,227
ETHOS-CHAIN LTD
Balance Sheet as at
30 June 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Intangible assets34,760-
Tangible assets43,582693
8,342693
Current assets
Debtors518,865-
Cash at bank and on hand129,82128,760
148,68628,760
Creditors amounts falling due within one year6(112,387)(19,426)
Net current assets (liabilities)36,2999,334
Total assets less current liabilities44,64110,027
Provisions for liabilities7(895)-
Net assets43,74610,027
Capital and reserves
Called up share capital1,8001,800
Profit and loss account41,9468,227
Shareholders' funds43,74610,027
The financial statements were approved and authorised for issue by the Board of Directors on 12 August 2025, and are signed on its behalf by:
SUMMERS, James Martyn
Director
Registered Company No. 14915273
ETHOS-CHAIN LTD
Notes to the Financial Statements
for the year ended 30 June 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities. The company has transitioned from FRS 105 to FRS 102 Section 1A for the current financial year. This change was made to reflect the company’s growth and to provide more detailed financial information. The transition has resulted in changes to accounting policies and presentation, including the introduction of enhanced note disclosures. The transition has not materially affected the company’s financial position or performance. However, additional disclosures have been included to ensure the financial statements give a true and fair view
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
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.
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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Straight line (years)
Office Equipment3
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 transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20252024
Average number of employees during the year66
3.Intangible assets

Total

£
Cost or valuation
Additions5,600
At 30 June 255,600
Amortisation and impairment
Charge for year840
At 30 June 25840
Net book value
At 30 June 254,760
At 30 June 24-
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 24693
Additions3,992
At 30 June 254,685
Depreciation and impairment
Charge for year1,103
At 30 June 251,103
Net book value
At 30 June 253,582
At 30 June 24693
5.Debtors: amounts due within one year

2025

2024

££
Prepayments and accrued income18,865-
Total18,865-
6.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables64,03015,944
Taxation and social security48,3573,482
Total112,38719,426
7.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)895-
Total895-
8.Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis
ETHOS-CHAIN LTD
Detailed Profit and Loss Account
for the year from 1 July 2024 to 30 June 2025

2025
£

2024
£

Turnover
Sales825,46557,250
825,46557,250
Cost of sales
Consulting530,41132,580
Direct Expenses11,160-
Relocation Expenses8,001-
549,57232,580
Gross Profit
Gross Profit275,89324,670
275,89324,670
Administrative expenses
Advertising & Marketing11,61399
Amortisation840-
Audit & Accountancy fees2,340-
Charitable and Political Donations26,537-
Depreciation Expense1,103-
Entertainment - 0%23,273253
Entertainment-100% business541502
General Expenses15,4184,748
Insurance1,072357
IT Software and Consumables4,0531,409
Rent3,240-
Staff Training4,455-
Subscriptions87235
Telephone & Internet79-
Travel - International91,1858,754
Travel - National31,772226
218,39316,383
Interest payable and similar charges
Bank Fees6860
6860
Corporation Tax
Corporation tax - Prior year2,629-
Deferred tax movement895-
Current tax for the period19,589-
23,113-
Profit for the year
Net Profit34,3198,227
34,3198,227
ETHOS-CHAIN LTD
HMRC Detailed Profit and Loss Account
for the year from 1 July 2024 to 30 June 2025

2025
£

Turnover
Sales825,465
825,465
Cost of sales
Direct Outsourced Services541,571
Direct Other staff costs8,001
549,572
Administrative expenses
Rent, Rates and Services Costs3,240
Plant and machinery - Depreciation expense, property, plant and equipment1,103
Travel and subsistence costs122,957
Training costs4,455
Audit Accountancy Costs2,340
Advertising, Promotions and Marketing Costs11,613
Other Entertaining Costs23,814
Insurance Costs1,072
IT & Computing Costs4,053
Telecommunications Costs79
Charitable Donations26,537
Subscriptions Costs872
Other Operational Administration Costs15,418
Other Costs840
218,393
Interest payable and similar charges
Bank charges68
68