REGISTERED NUMBER: 06935972 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Scribestar Ltd

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

A D B Shaw

R J Westmacott

D Krucik

G Lunn

K A Prozes

REGISTERED OFFICE:

20 Garrett Street

London

EC1Y 0TW

REGISTERED NUMBER:

06935972 (England and Wales)

ACCOUNTANTS:

Chapman Robinson and Moore Limited

30 Bankside Court

Stationfields

Kidlington

Oxford

OX5 1JE

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Scribestar Ltd for the year ended 31 December 2024 which comprise the Profit and loss account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Scribestar Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Scribestar Ltd and state those matters that we have agreed to state to the Board of Directors of Scribestar Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Scribestar Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Scribestar Ltd. You consider that Scribestar Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Scribestar Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Chapman Robinson and Moore Limited

30 Bankside Court

Stationfields

Kidlington

Oxford

OX5 1JE

Date: .............................................

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,124

4,032

1,124

4,032

CURRENT ASSETS

Debtors

6

166,403

83,518

Cash at bank

31,132

52,494

197,535

136,012

CREDITORS

Amounts falling due within one year

7

(457,296

)

(507,044

)

NET CURRENT LIABILITIES

(259,761

)

(371,032

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(258,637

)

(367,000

)

CAPITAL AND RESERVES

Called up share capital

11,804

1,181

Share premium

8

17,183,741

16,450,000

Other reserves

8

138,420

138,420

Retained earnings

8

(17,592,602

)

(16,956,601

)

(258,637

)

(367,000

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

A D B Shaw - Director

1.	STATUTORY INFORMATION

Scribestar Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs have been amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

50% on cost, 33% on cost and 25% on cost

Taxation

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

Current 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 balance sheet date.

The tax credit shown in the accounts relates to payable Research and Development tax credit received in the year. As at the balance sheet date, the quantum of the claim for the year is not known, and so the credit in the accounts relates to the monies received in the current year in relation to the prior year.

Research and development

Significant ongoing investment is made into research and development. This expenditure is written off in the year in which it is 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

6,171,433

AMORTISATION

At 1 January 2024

and 31 December 2024

6,171,433

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

469,220

DEPRECIATION

At 1 January 2024

465,188

Charge for year

2,908

At 31 December 2024

468,096

NET BOOK VALUE

At 31 December 2024

1,124

At 31 December 2023

4,032

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

9,300

11,487

Other debtors

157,103

72,031

166,403

83,518

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

70,465

84,463

Taxation and social security

9,426

41,055

Other creditors

377,405

381,526

457,296

507,044

8.

RESERVES

Retained

Share

Other

earnings

premium

reserves

Totals

£

£

£

£

At 1 January 2024

(16,956,601

)

16,450,000

138,420

(368,181

)

Deficit for the year

(636,001

)

(636,001

)

Cash share issue

-

733,741

-

733,741

At 31 December 2024

(17,592,602

)

17,183,741

138,420

(270,441

)

The other reserve shown relates to a share option reserve created after a granting of share options in 2017.

9.	RELATED PARTY DISCLOSURES

During the year there were no purchases from the entity's related parties (2023: Nil).