|
Registered number: 11545131
CURVEBLOCK LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 AUGUST 2024
|
|
2nd Floor, Heathmans House
|
|
|
|
|
|
|
|
|
CURVEBLOCK LTD
REGISTERED NUMBER: 11545131
BALANCE SHEET
AS AT 31 AUGUST 2024
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debtors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Digital Securitised Token
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 income statement in accordance with provisions applicable to companies subject to the small companies' regime.
|
|
CURVEBLOCK LTD
REGISTERED NUMBER: 11545131
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 August 2025.
The notes on pages 3 to 6 form part of these financial statements.
|
|
CURVEBLOCK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Curveblock Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 11545131 and its registered office address is 4 The Crescent, Adel, Leeds, LS16 6AA, England.
2.Accounting policies
|
|
|
Basis of preparation of financial statements
|
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
|
|
|
Significant judgements and estimates
|
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.
Turnover is stated net of VAT. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.
|
|
|
Digital Securitised Tokens
|
The company has issued digital securitised tokens that confer residual interests in the net assets of the company. In accordance with FRS102 Section 22 Liabilities and Equity, these tokens are classified as equity instruments because the company has contractual obligation to deliver cash or other financial assets to the holders. Equity instruments are recognised at the fair value of the consideration received, net of any directly attributable transaction costs. The proceeds are presented within equity and are not remeasured subsequently.
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life:
|
|
CURVEBLOCK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
2.Accounting policies (continued)
|
|
|
Investments in subsidiaries
|
Investments relate to investments in a subsidiary entity which is stated at cost less impairment. At each balance sheet date, the investment is assessed for indicators of impairment and where there are indicators of impairment, recoverable amount is assessed. If recoverable amount is less than carrying amount, the investment is written down to recoverable amount by way of an impairment loss which is recognised in the income statement.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
The company made a loss in the year and has net liabilities at the balance sheet date but the accounts have been prepared on the going concern basis because the company continued to raise capital after the balance sheet date and the directors consider the company retains sufficient working capital to continue trading for the foreseeable future.
|
|
The average monthly number of employees, including directors, during the year was 3 (2023 - 3).
|
|
|
CURVEBLOCK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Charge for the year on owned assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in subsidiary companies
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURVEBLOCK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
|
|
|
|
|
|
|
|
|
|
|
|
Prepayments and accrued income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accruals and deferred income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Related Party Disclosures
|
During the year, Curveblock Ltd restated an unsecured, interest-free loan of £46,829 (2023 - £Nil) to its subsidiary, Curveblock Services Ltd. This amount had previously been written off in an earlier period but has been reinstated in the current year following a reassessment of the subsidiary’s financial position. The company also received an unsecured, interest-free loan of £6,367.76 (2023 - £Nil) from another subsidiary, Building Energy Assets Ltd. Both subsidiaries are companies registered in England and Wales, and the loans are repayable on demand.
In May 2025, Building Energy Assets Ltd was dissolved without repayment, and the liability was derecognised. A corresponding gain was recognised in the income statement.
|
|
Ultimate Controlling Party
|
The company has no ultimate controlling party as there is no shareholder that holds controlling interest
|
|
|