Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2024-01-01false22truetruefalse 08773570 2024-01-01 2024-12-31 08773570 2023-01-01 2023-12-31 08773570 2024-12-31 08773570 2023-12-31 08773570 c:Director2 2024-01-01 2024-12-31 08773570 d:OfficeEquipment 2024-01-01 2024-12-31 08773570 d:CurrentFinancialInstruments 2024-12-31 08773570 d:CurrentFinancialInstruments 2023-12-31 08773570 d:Non-currentFinancialInstruments 2024-12-31 08773570 d:Non-currentFinancialInstruments 2023-12-31 08773570 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 08773570 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08773570 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 08773570 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08773570 d:ShareCapital 2024-12-31 08773570 d:ShareCapital 2023-12-31 08773570 d:RetainedEarningsAccumulatedLosses 2024-12-31 08773570 d:RetainedEarningsAccumulatedLosses 2023-12-31 08773570 c:FRS102 2024-01-01 2024-12-31 08773570 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08773570 c:FullAccounts 2024-01-01 2024-12-31 08773570 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08773570 d:Subsidiary1 2024-01-01 2024-12-31 08773570 d:Subsidiary1 1 2024-01-01 2024-12-31 08773570 2 2024-01-01 2024-12-31 08773570 6 2024-01-01 2024-12-31 08773570 e:USDollar 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 08773570









FLAME DIGITAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
FLAME DIGITAL LIMITED
REGISTERED NUMBER: 08773570

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
$
$

Fixed assets
  

Investments
 4 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
61,636
105,390

Cash at bank and in hand
 6 
30,784
126,888

  
92,420
232,278

Creditors: amounts falling due within one year
 7 
(196,915)
(259,521)

Net current liabilities
  
 
 
(104,495)
 
 
(27,243)

Total assets less current liabilities
  
(104,494)
(27,242)

Creditors: amounts falling due after more than one year
 8 
(5,538)
(18,925)

  

Net liabilities
  
(110,032)
(46,167)


Capital and reserves
  

Called up share capital 
  
160
160

Profit and loss account
  
(110,192)
(46,327)

  
(110,032)
(46,167)


Page 1

 
FLAME DIGITAL LIMITED
REGISTERED NUMBER: 08773570
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

Christopher Humby
Director

Date: 28 July 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
FLAME DIGITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Flame Digital Limited is a company limited by shares and incorporated in England & Wales. The address of its registered office is 20-22 Wenlock Road, London, N1 7GU.
The principal activity of the company during the year was the provision of digital marketing services. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is USD.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue

Revenue comprises digital marketing services receivable and is recognised in the Statement of Comprehensive Income in the period it is contractually generated.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
FLAME DIGITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


Page 4

 
FLAME DIGITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

  
2.11

Consolidation

In the opinion of the directors, the company and its subsidiary comprises a small group. The group therefore has taken advantage of the exemption provided by section 398 of the Companies Act 2006 not to provide group accounts.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

$



Cost or valuation


At 1 January 2024
1



At 31 December 2024
1





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Zinc Ads EOOD
Bulgaria
Ordinary shares
100%

The aggregate of the share capital and reserves as at 31 December 2024 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)

Zinc Ads EOOD
14,670
14,669

Page 5

 
FLAME DIGITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
$
$


Trade debtors
16,176
58,143

Amounts owed by group undertakings
9,305
8,851

Other debtors
36,155
38,396

61,636
105,390



6.


Cash and cash equivalents

2024
2023
$
$

Cash at bank and in hand
30,784
126,888

Less: bank overdrafts
(29,604)
(24,890)

1,180
101,998



7.


Creditors: Amounts falling due within one year

2024
2023
$
$

Bank overdrafts
29,604
24,890

Bank loans
13,020
12,938

Trade creditors
40,906
92,787

Amounts owed to group undertakings
81,664
85,657

Other taxation and social security
2,536
301

Accruals and deferred income
29,185
42,948

196,915
259,521



8.


Creditors: Amounts falling due after more than one year

2024
2023
$
$

Bank loans
5,538
18,925

5,538
18,925


Page 6

 
FLAME DIGITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Related party transactions

During the year the company obtained services totalling $180,450 (2023: $248,444) from its subsidiary Zinc Ads EOOD. All transactions were carried out at arms length. At the statement of financial position date the company owed $14,603 (2023: $26,899) to Zinc Ads EOOD. The loan is repayable on demand and not interest bearing.
During the year the company obtained services totalling $92,376 (2023: $104,967) from Flat Rock Technology Limited, a company of which  Ran Gazit-Berger is also a director. All transactions were carried out at arms length. At the statement of financial position date the company owed $27,091 (2023: $60,043) to Flat Rock Technology Limited. The loan is repayable on demand and not interest bearing.
During the year the company provided services totalling $105,298 (2023: $144,910) and made sales totalling $196 (2023: $10) to Ads Plus Limited, a company of which Ran Gazit-Berger and Idit Gazit-Berger, spouse of Ran Gazit-Berger are directors. All transactions were carried out at arms length. At the statement of financial position date the company was owed $9,305 (2023: $8,851) from Ads Plus Limited. The loan is repayable on demand and not interest bearing. 
During the year the company obtained services totalling $33,320 (2023: $10,964) and made purchases totalling $2,967 (2023: $Nil) from Purify Digital Limited, a company of which  Ran Gazit-Berger is also a director. During the year the company also made sales totalling $63,646 (2023: $3,020) to Purify Digital Limited. All transactions were carried out at arms length. At the statement of financial position date the company owed $67,062 (2023: $58,757) to Purify Digital Limited. The loan is repayable on demand and not interest bearing. All transations were carried out at arm's length. 


10.


Controlling party

The company's parent company is Flame Group Limited, a company incorporated and registered in The British Virgin Islands. Ran Gazit-Berger and Idit Gazit-Berger each own 50% of Flame Group Limited and hold a controlling interest in Flame Digital Limited.

 
Page 7