Blockovate Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 14331697

		30 September 2024		30 September 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,516		-

			6,516		-
CURRENT ASSETS
Debtors	5	104,714		84,749
Cash at bank and in hand		958		69,683

		105,672		154,432
Creditors: Amounts Falling Due Within One Year	6	(165,215 )		(157,564 )

NET CURRENT ASSETS (LIABILITIES)			(59,543 )		(3,132 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(53,027 )		(3,132 )

NET LIABILITIES			(53,027 )		(3,132 )

CAPITAL AND RESERVES
Called up share capital	7		10		10
Profit and Loss Account			(53,037 )		(3,142 )

SHAREHOLDERS' FUNDS			(53,027)		(3,132)

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Aziz Yousoof

Director

18/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Blockovate Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14331697 . The registered office is 35-37 Ludgate Hill, London, EC4M 7JN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate as the shareholders will provide sufficient funds to enable the company to meet its liabilities as they fall due.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

Turnover is derived from the rendering of marketing services and is recognised when such services are completed.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

20% straight line

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 October 2023	-
Additions	8,145

As at 30 September 2024	8,145

Depreciation
As at 1 October 2023	-
Provided during the period	1,629

As at 30 September 2024	1,629

Net Book Value
As at 30 September 2024	6,516

As at 1 October 2023	-

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Blockovate Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

5. Debtors

	30 September 2024	30 September 2023
	£	£
Due within one year
Other debtors	104,714	84,749

6. Creditors: Amounts Falling Due Within One Year

	30 September 2024	30 September 2023
	£	£
Trade creditors	93,613	116,668
Other creditors	71,602	40,896

	165,215	157,564

Other creditors includes loans from related companies of £42,125 (2023: £29,828) which are unsecured, interest-free and repayable on demand.

7. Share Capital

	30 September 2024	30 September 2023
	£	£
Called Up Share Capital not Paid	10	10

Amount of Allotted, Called Up Share Capital	10	10

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