Company No: 14408241 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	31.12.2024		31.12.2023
		£		£
Fixed assets
Intangible assets	3	604,561		12,657
Tangible assets	4	10,916		4,074
		615,477		16,731
Current assets
Debtors	5	110,118		18,387
Cash at bank and in hand		365,035		663,726
		475,153		682,113
Creditors: amounts falling due within one year	6	( 31,287)		( 26,434)
Net current assets		443,866		655,679
Total assets less current liabilities		1,059,343		672,410
Net assets		1,059,343		672,410
Capital and reserves
Called-up share capital	8	11		11
Share premium account		1,195,018		1,195,018
Revaluation reserve		4,654		0
Profit and loss account		( 140,340 )		( 522,619 )
Total shareholders' funds		1,059,343		672,410

For the financial 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Hirechain Ltd (registered number: 14408241) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

J T R Evans Director

23 September 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Hirechain Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Intangible assets

Intangible assets are stated at cost, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs	4 - 0 years straight line
Other intangible assets	not amortised

Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the
directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases,
the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the
company is expected to benefit. This period is between three and five years. Provision is made for any
impairment

Other intangible assets

Intangible assets are originally recognised at cost stated at cost. After recognition, under the revaluation model, intangible assets shall be carried at a revalued amount, being its fair value at the date of revaluation and subsequent impairment losses - provided that the fair value can be determined by reference to an active market.

Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

2. Employees

	Year ended 31.12.2024		Period from 10.10.2022 to 31.12.2023
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	6		4

3. Intangible assets

	Website costs		Other intangible assets		Total
	£		£		£
Cost/Valuation
At 01 January 2024	0		12,657		12,657
Additions	309,603		838,793		1,148,396
Revaluations	0		6,206		6,206
Disposals	0		( 527,263)		( 527,263)
At 31 December 2024	309,603		330,393		639,996
Accumulated amortisation
At 01 January 2024	0		0		0
Charge for the financial year	35,435		0		35,435
At 31 December 2024	35,435		0		35,435
Net book value
At 31 December 2024	274,168		330,393		604,561
At 31 December 2023	0		12,657		12,657

Revaluation of intangible assets

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	6,434		6,434
Additions	10,806		10,806
Disposals	( 1,124)		( 1,124)
At 31 December 2024	16,116		16,116
Accumulated depreciation
At 01 January 2024	2,360		2,360
Charge for the financial year	2,996		2,996
Disposals	( 156)		( 156)
At 31 December 2024	5,200		5,200
Net book value
At 31 December 2024	10,916		10,916
At 31 December 2023	4,074		4,074

5. Debtors

	31.12.2024		31.12.2023
	£		£
Trade debtors	101,004		14,104
Other debtors	9,114		4,283
	110,118		18,387

6. Creditors: amounts falling due within one year

	31.12.2024		31.12.2023
	£		£
Trade creditors	7,451		14,175
Other taxation and social security	17,083		11,159
Other creditors	6,753		1,100
	31,287		26,434

7. Deferred tax

	31.12.2024		31.12.2023
	£		£
At the beginning of financial year/period	0		0
Charged to the Statement of Comprehensive Income	( 1,552)		0
At the end of financial year/period	( 1,552)		0

8. Called-up share capital

	31.12.2024		31.12.2023
	£		£
Allotted, called-up and fully-paid
110,221 Ordinary shares of £ 0.0001 each	11		11

9. Financial commitments

The company had no material capital commitments at the year ended 31 December 2024.

10. Related party transactions

Included within debtors year are amounts owed by one of the directors amounting to £2,561 (2023: £2,483). This loan was unsecured, interest-free and repayable on demand.