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COMPANY REGISTRATION NUMBER: 14242489
Reka AI Limited
Filleted Unaudited Financial Statements
31 December 2024
Reka AI Limited
Financial Statements
Year ended 31 December 2024
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Reka AI Limited
Officers and Professional Advisers
Director
D Yogatama
Registered office
3rd Floor
1 Ashley Road
Altrincham
Cheshire
WA14 2DT
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Reka AI Limited
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Reka AI Limited
Year ended 31 December 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 December 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Reka AI Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
6,591
5,000
Current assets
Debtors
6
1,286,764
1,175
Cash at bank and in hand
104,072
499,110
------------
---------
1,390,836
500,285
Creditors: amounts falling due within one year
7
77,820
49,375
------------
---------
Net current assets
1,313,016
450,910
------------
---------
Total assets less current liabilities
1,319,607
455,910
Creditors: amounts falling due after more than one year
8
1,205,271
404,384
------------
---------
Net assets
114,336
51,526
------------
---------
Capital and reserves
Called up share capital
9
383
383
Profit and loss account
113,953
51,143
---------
--------
Shareholders funds
114,336
51,526
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Reka AI Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 15 September 2025 , and are signed on behalf of the board by:
D Yogatama
Director
Company registration number: 14242489
Reka AI Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3rd Floor, 1 Ashley Road, Altrincham, Cheshire, WA14 2DT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. These amended accounts replace the original accounts, are now the statutory accounts and are prepared as they were at the date of the original accounts.
Going concern
In our opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which we believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular we believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer Equipment
-
33% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 6 ).
5. Tangible assets
Computer equipment
£
Cost
At 1 January 2024
6,008
Additions
5,734
Disposals
( 3,918)
-------
At 31 December 2024
7,824
-------
Depreciation
At 1 January 2024
1,008
Charge for the year
1,879
Disposals
( 1,654)
-------
At 31 December 2024
1,233
-------
Carrying amount
At 31 December 2024
6,591
-------
At 31 December 2023
5,000
-------
6. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
1,243,015
–
Other debtors
43,749
1,175
------------
-------
1,286,764
1,175
------------
-------
The debtors above include the following amounts falling due after more than one year:
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
1,233,241
–
------------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
10,270
904
Corporation tax
32,611
12,438
Social security and other taxes
31,951
29,481
Other creditors
2,988
6,552
--------
--------
77,820
49,375
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,205,271
404,384
------------
---------
9. Called up share capital
The issued share capital of the company is denominated in USD, a total of $500 as at the balance sheet date which has been converted to Sterling of £383.
10. Controlling party
The immediate parent and ultimate controlling party is Reka AI Inc., an entity incorporated in the United States of America.