Company Registration No. SC611141 (Scotland)
Asset Chain Ltd
Unaudited accounts
for the year ended 31 October 2024
Asset Chain Ltd
Unaudited accounts
Contents
Asset Chain Ltd
Company Information
for the year ended 31 October 2024
Directors
Susan Brown
Stephen Ian Gordon
Company Number
SC611141 (Scotland)
Registered Office
UNIT 17
MID ROAD
PRESTONPANS
EH32 9ER
SCOTLAND
Asset Chain Ltd
Statement of financial position
as at 31 October 2024
Creditors: amounts falling due within one year
(1,993,289)
(1,993,289)
Net current liabilities
(1,617,762)
(1,617,762)
Net liabilities
(1,617,762)
(1,617,762)
Profit and loss account
(1,617,762)
(1,617,762)
Shareholders' funds
(1,617,762)
(1,617,762)
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by
Susan Brown
Director
Company Registration No. SC611141
Asset Chain Ltd
Notes to the Accounts
for the year ended 31 October 2024
Asset Chain Ltd is a private company, limited by shares, registered in Scotland, registration number SC611141. The registered office is UNIT 17, MID ROAD, PRESTONPANS, EH32 9ER, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Expenditure on research and development is written off in the year in which it is incurred.
Total expenditure for the period totalled £1,187,500.
Amounts falling due within one year
Other debtors
375,527
375,527
5
Creditors: amounts falling due within one year
2024
2023
Other creditors
1,993,289
1,993,289
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).