ACCOUNTS - Final Accounts preparation



	Apps Run The World UK Limited












	Unaudited
	Financial statements

	For the year ended 31 December 2024

	Registered number: 14441355


Apps Run The World UK Limited - Registered number: 14441355

Statement of financial position

As at 31 December 2024

	2024	2024	2023	2023
Note	£	£	£	£

Fixed assets
Investments	4		8,113		8,113
			8,113		8,113
Current assets
Cash at bank and in hand		1,196		486
		1,196		486
Creditors: amounts falling due within one year	5	(38,964)		(27,771)
Net current liabilities			(37,768)		(27,285)
Total assets less current liabilities			(29,655)		(19,172)

Net liabilities			(29,655)		(19,172)

Capital and reserves
Share capital	1	1
Profit and loss account	(29,656)	(19,173)
	(29,655)	(19,172)

The director considers 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 director acknowledges his 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.

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Apps Run The World UK Limited - Registered number: 14441355

Statement of financial position (continued)

As at 31 December 2024

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 statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by:

W K A Pang

Director

Date: 23 July 2025

The notes on pages 3 to 5 form part of these financial statements.

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Apps Run The World UK Limited

Notes to the financial statements

For the year ended 31 December 2024

1.	General information

The company is a private company limited by shares and is incorporated in England and Wales. The registered
office is C/O Buzzacott LLP, 130 Wood Street, London, EC2V 6DL and principal place of business is 7172 Regional St, Suite 328, Dublin, California 94568, United States. The company registration number is 14441355.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.
The company and the group headed by it, qualify as small as set out in section 383 of the Companies Act
2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

The following principal accounting policies have been applied:

2.2

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance
from the parent company that it will continue to give financial support to the company for a period of at least
twelve months from the date of approval of these financial statements.
On this basis, the director considers it appropriate to prepare the financial statements on a going concern
basis. However, should the financial support mentioned above not be forthcoming, the going concern basis
used in preparing the company's financial statements may be invalid and adjustments would have to be
made to reduce the value of assets to their realisable amounts and to provide for any further liabilities which
might be necessary should this basis not continue to be appropriate.

2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

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Apps Run The World UK Limited

Notes to the financial statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.3

Foreign currency translation (continued)

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, other third parties and loans to or from related parties.

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Apps Run The World UK Limited

Notes to the financial statements

For the year ended 31 December 2024

Employees

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

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 January 2024	8,113
	At 31 December 2024	8,113

5.	Creditors: amounts falling due within one year
		2024	2023
		£	£

Trade creditors	2,700	2,232
Amounts owed to group undertakings	29,064	18,324
Accruals	7,200	7,215
	38,964	27,771

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