FARADAI LIMITED

Company Registration Number:
13840885 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2025

Period of accounts

Start date: 01 February 2024

End date: 31 January 2025

FARADAI LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2025

Balance sheet
Notes

FARADAI LIMITED

Balance sheet

As at 31 January 2025


Notes

2025

2024


£

£
Called up share capital not paid: 0
Fixed assets
Intangible assets: 3 800,000 0
Tangible assets:   0 0
Investments: 4 394,197 1,034,697
Total fixed assets: 1,194,197 1,034,697
Current assets
Stocks: 0 0
Debtors:   377,971 142,575
Cash at bank and in hand: 8,074 26,075
Investments:   4,342 4,342
Total current assets: 390,387 172,992
Creditors: amounts falling due within one year:   (963,557) (907,175)
Net current assets (liabilities): (573,170) (734,183)
Total assets less current liabilities: 621,027 300,514
Creditors: amounts falling due after more than one year:   (334,841) 0
Provision for liabilities: 0 0
Total net assets (liabilities): 286,186 300,514
Capital and reserves
Called up share capital: 1,169 1,169
Share premium account: 1,549,137 1,549,137
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (1,264,120) (1,249,792)
Shareholders funds: 286,186 300,514

The notes form part of these financial statements

FARADAI LIMITED

Balance sheet statements

For the year ending 31 January 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 March 2025
and signed on behalf of the board by:

Name: Sahin CAGLAYAN
Status: Director

The notes form part of these financial statements

FARADAI LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FARADAI LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

2. Employees

2025 2024
Average number of employees during the period 3 3

FARADAI LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Intangible Assets

Total
Cost £
At 01 February 2024 0
Additions 800,000
Disposals 0
Revaluations 0
Transfers 0
At 31 January 2025 800,000
Amortisation
At 01 February 2024 0
Charge for year 0
On disposals 0
Other adjustments 0
At 31 January 2025 0
Net book value
At 31 January 2025 800,000
At 31 January 2024 0

FARADAI LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

4. Fixed investments

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.