Headspin UK Limited

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

Registered number: 12594206

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		823

			-		823
CURRENT ASSETS
Debtors	5	208,458		213,111

		208,458		213,111
Creditors: Amounts Falling Due Within One Year	6	(45,330 )		(42,254 )

NET CURRENT ASSETS (LIABILITIES)			163,128		170,857

TOTAL ASSETS LESS CURRENT LIABILITIES			163,128		171,680

NET ASSETS			163,128		171,680

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			163,028		171,580

SHAREHOLDERS' FUNDS			163,128		171,680

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.

The members have 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

Mr Karl Gilbank

Director

17/09/2025

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

1. General Information

Headspin UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12594206 . The registered office is 4th Floor Silverstream House, 45 Fitzrovia Street, Fitzrovia, London, W1T 6EB.

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. Turnover

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

revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to

the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs

incurred for work performed to date to the total estimated contract costs.

2.3. 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

33.3%

2.4. Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current period.

2.5. Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 3)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	4,316

As at 31 December 2024	4,316

Depreciation
As at 1 January 2024	3,493
Provided during the period	823

As at 31 December 2024	4,316

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	823

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Headspin UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	192,391	213,111
Corporation tax recoverable assets	2,528	-
Other taxes and social security	13,539	-

	208,458	213,111

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Corporation tax	26,760	26,760
Accruals and deferred income	18,570	15,494

	45,330	42,254

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Transactions

At the year end £192,391 (2023: £213,111) is due to Headspin Inc the parent company.

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