Registered number
11412605
Nextail Labs UK Limited
Filleted Accounts
31 December 2024
Nextail Labs UK Limited
Registered number: 11412605
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 109,814 201,458
Cash at bank and in hand 17,232 2,713
127,046 204,171
Creditors: amounts falling due within one year 5 (22,735) (109,352)
Net current assets 104,311 94,819
Net assets 104,311 94,819
Capital and reserves
Called up share capital 6 88 88
Profit and loss account 104,223 94,731
Shareholder's funds 104,311 94,819
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Miragall Martinez
Director
Approved by the board on 9 April 2025
The notes on pages 9 to 11 form part of these Financial Statements.
Nextail Labs UK Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
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).
The following principal accounting policies have been applied.
Going concern
The company is entirely dependent on its parent, Nextail Labs SLU, for its income. The Company’s Balance Sheet as at 31 December 2024 and 2023 shows that the company was clearly solvent with the ability to pay all its debts as they fell due.
The director can confirm that the company currently has sufficient resources to meet its debts as they fell due and he therefore considers that the company is a going concern and has prepared the financial statements on that basis.
Turnover
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 rendering of services.
Tangible fixed assets
Assets with a cost of less than £500 are expensed.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
1 Accounting policies (continued)
Foreign currency translation
The company's functional and presentational currency is UK Pound Sterling.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Audit information and auditor's remuneration 2024 2023
£ £
Fees payable to the Company's auditor for the audit of the Company's annual financial statements totalled 4,400 4,400
The audit report is unqualified.
Senior statutory auditor: Hassan Behcet
Firm: Duncan & Toplis Audit Limited
Date of audit report: 15 April 2025
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 7
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 109,110 200,941
Other debtors 704 517
109,814 201,458
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,678 1,546
Taxation and social security costs 9,917 21,095
Other creditors 10,140 86,711
22,735 109,352
6 Share capital Nominal 2024 2024 2023
value Number £ £
Allotted, called up and fully paid:
Ordinary shares €1 each 100 88 88
7 Related party transactions
The Company has taken advantage of the exemption under FRS 102 (1A) regarding the disclosure of transactions entered between two or more members of a group for wholly owned members of that group.
8 Controlling party
The company's immediate parent undertaking is Nextail Labs, SLU., a company incorporated in Spain.

The company's ultimate parent undertaking is Nextail Labs, Inc., a company incorporated in Delaware, United States of America.
J Villalba Villalba has a controlling interest in Nextail Labs, Inc.
Nextail Labs, Inc. is registered at the following address:
3500 South DuPont Highway
Dover, Kent
Delaware 19901
United States of America
9 Other information
Nextail Labs UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
23 Shackleton Court
2 Maritime Quay
London
E14 3QF
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