Ladder Digital Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09161535

Ladder Digital Limited

Filleted Unaudited Financial Statements

31 December 2024

Ladder Digital Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Officers and professional advisers	1

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Ladder Digital Limited

Officers and Professional Advisers

The board of directors	Jonathan Brody
	Anupam Shah
	Ioannis Papadopoulos

Registered office	727-729 High Road
	London
	N12 0BP

Accountants	Complete Accounting Solutions
	Chartered Certified Accountants
	727-729 High Road
	London
	N12 0BP

Ladder Digital Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Ladder Digital Limited

Year ended 31 December 2024

As described on the statement of financial position, the directors of the company are 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

Ladder Digital Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	1,295	–
Investments	6	113,854	113,854
		---------	---------
		115,149	113,854

Current assets

Debtors	7	83,131	43,382
Cash at bank and in hand		59,282	104,833
		---------	---------
		142,413	148,215

Creditors: amounts falling due within one year	8	1,009,418	1,064,128
		------------	------------
Net current liabilities		867,005	915,913
		---------	---------
Total assets less current liabilities		( 751,856)	( 802,059)
		---------	---------
Net liabilities		( 751,856)	( 802,059)
		---------	---------

Capital and reserves

Called up share capital	480	480
Share premium account	509,604	509,604
Share options reserve	–	233,846
Profit and loss account	( 1,261,940)	( 1,545,989)
	------------	------------
Shareholders funds	( 751,856)	( 802,059)
	------------	------------

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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Ladder Digital Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 16 September 2025 , and are signed on behalf of the board by:

Jonathan Brody

Director

Company registration number: 09161535

Ladder Digital Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares incorporated in the United Kingdom under The Companies Act 2006, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.

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 .

Research and development

Research and development expenditure is written off in the year as incurred.

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 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.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The directors are required to use an appropriate value to ascertain the share options expense charged to the profit and loss account and the value disclosed in the profit and loss account and reserves is therefore based upon these valuations which would include a range of assumptions .

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for 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:

	Office and Computer Equipment	-	33% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

Share-based payments

Equity-settled share-based payment transactions are measured at fair value at the date of grant. The fair value is expensed on a straight-line basis over the vesting period, with a corresponding increase in equity. This is based upon the company's estimate of the shares or share options that will eventually vest which takes into account all vesting conditions and non-market performance conditions, with adjustments being made where new information indicates the number of shares or share options expected to vest differs from previous estimates. Fair value is determined using an appropriate pricing model. All market conditions and non-vesting conditions are taken into account when estimating the fair value of the shares or share options. As long as all other vesting conditions are satisfied, no adjustment is made irrespective of whether market or non-vesting conditions are met. Where the terms of an equity-settled transaction are modified, an expense is recognised as if the terms had not been modified. In addition, an expense is recognised for any increase in the fair value of the transaction, as measured at the date of modification. Where an equity-settled transaction is cancelled or settled, it is treated as if it had vested on the date of cancellation or settlement, and any expense not yet recognised in profit or loss is expensed immediately.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2023: 18 ).

5. Tangible assets

	Equipment
	£
Cost
At 1 January 2024	–
Additions	1,530
	-------
At 31 December 2024	1,530
	-------
Depreciation
At 1 January 2024	–
Charge for the year	235
	-------
At 31 December 2024	235
	-------
Carrying amount
At 31 December 2024	1,295
	-------
At 31 December 2023	–
	-------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	113,854
	---------
Impairment
At 1 January 2024 and 31 December 2024	–
	---------

Carrying amount
At 31 December 2024	113,854
	---------
At 31 December 2023	113,854
	---------

The above amounts represents a 100% shareholding in Ladder Digital Inc., an entity incorporated in the United States of America, a 100% investment in Growth Engine s.p. z.o.o., an entity incorporated in Poland and a 100% investment in Ladder Digital Single Member PC, an entity incorporated in Greece. The Greek entity was closed in 2025.

7. Debtors

	2024	2023
	£	£
Trade debtors	56,776	42,862
Other debtors	26,355	520
	--------	--------
	83,131	43,382
	--------	--------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	51,299	34,153
Amounts owed to group undertakings and undertakings in which the company has a participating interest	675,681	653,126
Social security and other taxes	80,086	158,739
Other creditors	202,352	218,110
	------------	------------
	1,009,418	1,064,128
	------------	------------

9. Share-based payments

The share option scheme was closed in its entirety during the year.

Details of the number and weighted average exercise prices (WAEP) of share options during the year are as follows:

	2024		2023
	No.	WAEP	No.	WAEP
Outstanding at 1 January 2024	127,296	1.84	133,704	1.84
Granted during the year	–	1.84	–	1.84
Forfeited during the year	( 127,296)	1.84	( 6,408)	1.84
Exercised during the year	–	1.84	–	1.84
	---------	-----	---------	-----
Outstanding at 31 December 2024	–	1.84	127,296	1.84
	---------	-----	---------	-----

Exercisable at 31 December 2024	–	1.84	–	1.84
	---------	-----	---------	-----

The total expense recognised in profit or loss for the year is as follows:

	2024	2023
	£	£
Equity-settled share-based payments	–	( 11,772)
	----	--------

10. Controlling party

In the opinion of the directors, there is no one controlling party of the company.