REGISTERED NUMBER: 08044842 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

81STGENERATION LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

J Walters

REGISTERED OFFICE:

741 High Road

London

N12 0BP

REGISTERED NUMBER:

08044842 (England and Wales)

ACCOUNTANTS:

AGK Partners

Chartered Accountants

1 Kings Avenue

London

N21 3NA

FIXED ASSETS

Intangible assets

4

-

1

Property, plant and equipment

5

1,709

1,583

Investments

6

49,462

36,567

51,171

38,151

CURRENT ASSETS

Inventories

125,005

99,181

Debtors

7

13,968

12,648

Cash at bank

10,582

42,259

149,555

154,088

CREDITORS

Amounts falling due within one year

8

160,468

144,660

NET CURRENT (LIABILITIES)/ASSETS

(10,913

)

9,428

TOTAL ASSETS LESS CURRENT LIABILITIES

40,258

47,579

CREDITORS

Amounts falling due after more than one year

9

(20,418

)

(25,417

)

PROVISIONS FOR LIABILITIES

(4,859

)

(2,327

)

NET ASSETS

14,981

19,835

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

14,980

19,834

14,981

19,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2025 and were signed by:

J Walters - Director

1.	STATUTORY INFORMATION

81stgeneration Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue

Revenue represents the amounts derived from the provision of goods and services during the normal course of business, stated net of value added tax, trade discounts and returns. Revenue from the sale of goods is recognised when significant risks and rewards of ownership have been transferred to the buyer.

Revenue from services is recognised on a straight-line basis over the term of term of the contract or as the services are provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life.

Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost included costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives, on the following basis:

Plant & machinery

25% on Reducing Balance

Computer equipment

33% on Reducing Balance

The carrying values of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories

Inventories are stated at the lower of cost and net realisable value. Cost includes the purchase price and other directly attributable costs of bringing the inventories to their present location and condition. Net realisable value represents the estimated selling price less all estimated costs of completion and selling expenses.

Where the net realisable value of inventories is lower than their cost, inventories are written down, and the impairment is recognised as an expense in the profit and loss accounts.

Financial instruments

Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costusing the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leases

Operating leases are leases that do not transfer substantially all the risks and rewards of ownership to the company. Lease payments are recognised as an expense on straight-line basis over the period of the lease.

Contingent rents, such as amounts based on sales or usages are recognised as an expense in the period in which they are incurred.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments

Fixed asset investments, which include shares and bitcoins investments, are initially recognized at fair value, which is the transaction price, including any directly attributable transaction costs.

After initial recognition,these investments are measured at fair value at each reporting date.Any changes in the fair value, whether positive or negative, are recognized directly in the profit and loss account.

On disposal of an investment, the difference between the net disposal proceeds and the carrying amount at the date of disposal is recognized in the profit and loss account.

Investments classified as fixed assets are those intended to be held for the long term. Short-term investments are held for trading or liquidity purposes are classified as current assets.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

50,000

AMORTISATION

At 1 May 2024

49,999

Charge for year

1

At 30 April 2025

50,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

1

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 May 2024

12,066

2,271

14,337

Additions

-

881

881

At 30 April 2025

12,066

3,152

15,218

DEPRECIATION

At 1 May 2024

11,342

1,412

12,754

Charge for year

181

574

755

At 30 April 2025

11,523

1,986

13,509

NET BOOK VALUE

At 30 April 2025

543

1,166

1,709

At 30 April 2024

724

859

1,583

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 May 2024

36,567

Additions

22,607

Disposals

(20,646

)

Revaluations

10,934

At 30 April 2025

49,462

NET BOOK VALUE

At 30 April 2025

49,462

At 30 April 2024

36,567

Cost or valuation at 30 April 2025 is represented by:

Other

investments

£

Valuation in 2024

8,502

Valuation in 2025

10,933

Cost

30,027

49,462

Fixed asset investments were valued on an active market based on quoted prices available for identical assets.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

1,831

Other debtors

13,968

10,817

13,968

12,648

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,000

5,000

Trade creditors

9,917

19,133

Taxation and social security

40,763

30,218

Other creditors

104,788

90,309

160,468

144,660

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

20,418

25,417

10.	RELATED PARTY DISCLOSURES