REGISTERED NUMBER: 11100845 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024

FOR

WHAT BITCOIN DID LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P McCormack

REGISTERED OFFICE:

Argent House

5 Goldington Road

Bedford

Bedfordshire

MK40 3JY

REGISTERED NUMBER:

11100845 (England and Wales)

ACCOUNTANTS:

Rawlinson Pryde Limited

Chartered Accountants

Argent House

5 Goldington Road

Bedford

Bedfordshire

MK40 3JY

FIXED ASSETS

Intangible assets

4

15,993

26,713

Tangible assets

5

40,400

39,581

56,393

66,294

CURRENT ASSETS

Debtors

6

680,049

492,812

Investments

7

196,308

166,566

Prepayments and accrued income

32,570

30,824

Cash at bank

32,700

92,581

941,627

782,783

CREDITORS

Amounts falling due within one year

8

522,422

677,302

NET CURRENT ASSETS

419,205

105,481

TOTAL ASSETS LESS CURRENT LIABILITIES

475,598

171,775

PROVISIONS FOR LIABILITIES

(10,145

)

(9,895

)

ACCRUALS AND DEFERRED INCOME

(144,538

)

(157,054

)

NET ASSETS

320,915

4,826

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

320,815

4,726

320,915

4,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 August 2025 and were signed by:

P McCormack - Director

1.	STATUTORY INFORMATION

What Bitcoin Did Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover comprises of sponsorship, subscriptions and cryptoasset mining.

Sponsorship income and revenue from subscriptions are accounted for on an accruals basis and are charged to the profit and loss in the period to which it relates. Income received in relation to the provision of future services is deferred and included in accruals and deferred income.

Cryptoassets received from mining activities are accounted for upon receipt.

Ticket sales are accounted for on accruals basis and charged to the profit and loss in the period to which the event takes place. Income received in relation to the provision of future events is deferred and included in accruals and deferred income.

Transactions in cryptoassets are translated into sterling at the rate of exchange ruling at the date of transaction.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets or financial liabilities.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit or loss in other administrative expenses.

Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.

Creditors and provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably measured. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Loans and borrowings are initially recognised at the transaction price including costs. Subsequently, they are measured at amortised cost using the effective interest method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. The present value of a financial asset or financial liability that is repayable on demand is equal to the undiscounted cash amount expect to be pair or received.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Assets and liabilities in cryptoassets are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in cryptoassets are translated into sterling at the rate of exchange ruling at the date of transaction.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Investments

Investments comprises of cryptoassets and are valued at their market value at the balance sheet date. Any changes in their fair value are recognised in the profit and loss account for the period.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Website

development

£

COST

At 31 December 2023

and 30 December 2024

53,600

AMORTISATION

At 31 December 2023

26,887

Amortisation for year

10,720

At 30 December 2024

37,607

NET BOOK VALUE

At 30 December 2024

15,993

At 30 December 2023

26,713

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 31 December 2023

43,683

2,003

55,374

101,060

Additions

-

5,190

15,127

20,317

At 30 December 2024

43,683

7,193

70,501

121,377

DEPRECIATION

At 31 December 2023

19,945

927

40,607

61,479

Charge for year

8,736

725

10,037

19,498

At 30 December 2024

28,681

1,652

50,644

80,977

NET BOOK VALUE

At 30 December 2024

15,002

5,541

19,857

40,400

At 30 December 2023

23,738

1,076

14,767

39,581

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

30.12.23

£

£

Trade debtors

275,359

221,386

Amounts owed by group undertakings

318,770

258,124

Amounts owed by associates

48,951

-

Other debtors

22,642

7,148

Social security and other tax

681

9

VAT

13,646

6,145

680,049

492,812

7.	CURRENT ASSET INVESTMENTS

30.12.24

30.12.23

£

£

Unlisted investments

196,308

166,566

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

30.12.23

£

£

Trade creditors

150,388

429,317

Tax

164,005

247,528

Net wages

1,438

-

Directors' current accounts

206,591

457

522,422

677,302

9.	OTHER FINANCIAL COMMITMENTS

The company had total commitments at the balance sheet date of £49,094 (2023: £20,017).