Myristica Limited

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—3

Registered number: 13075629

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		318

			-		318
CURRENT ASSETS
Debtors	5	504		504
Cash at bank and in hand		2,347		3,989

		2,851		4,493
Creditors: Amounts Falling Due Within One Year	6	(3,498 )		(10,066 )

NET CURRENT ASSETS (LIABILITIES)			(647 )		(5,573 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(647 )		(5,255 )

NET LIABILITIES			(647 )		(5,255 )

CAPITAL AND RESERVES
Called up share capital	7		1		1
Income Statement			(648 )		(5,256 )

SHAREHOLDERS' FUNDS			(647)		(5,255)

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

The director acknowledges her 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 Income Statement.

On behalf of the board

Mrs Michelle Trusselle

Director

25 September 2025

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

1. General Information

Myristica Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13075629 . The registered office is Suite 2a, 7th Floor, City Reach, 5 Greenwich View Place, London, E14 9NN.

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

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the director that she will continue to give financial support to the company for the foreseeable future.

On this basis, the director considers it appropriate to prepare the accounts 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 accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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

25% Straight Line Basis

2.5. Financial Instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.

3. Average Number of Employees

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

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Myristica Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	1,271

As at 31 December 2024	1,271

Depreciation
As at 1 January 2024	953
Provided during the period	318

As at 31 December 2024	1,271

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	318

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	504	504

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Corporation tax	146	-
Accruals and deferred income	2,700	2,212
Director's loan account	652	7,854

	3,498	10,066

7. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
100 Ordinary A shares of £ 0.010 each	1	1

8. Ultimate Controlling Party

The company's ultimate controlling party is Mrs Michelle Trusselle by virtue of her ownership of 100% of the issued share capital in the company.

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