REGISTERED NUMBER: 14228066 (England and Wales)

Unaudited Financial Statements

for the Period

1 August 2023 to 31 December 2024

for

Drop-In Holdco Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A Wareham

Mr B W Scurrah

Mr J P Morris

Mr H C Wilkinson

REGISTERED OFFICE:

91 Rendlesham Road

Hackney

London

E5 8PJ

REGISTERED NUMBER:

14228066 (England and Wales)

ACCOUNTANTS:

R T Marke & Co Ltd

Chartered Accountants

69 High Street

Bideford

Devon

EX39 2AT

FIXED ASSETS

Intangible assets

5

3,921

3,837

Tangible assets

6

16,719

1,360

Investments

7

2

1

20,642

5,198

CURRENT ASSETS

Debtors

8

761,285

5,239

Cash at bank

47,631

814,610

808,916

819,849

CREDITORS

Amounts falling due within one year

9

10,289

13,808

NET CURRENT ASSETS

798,627

806,041

TOTAL ASSETS LESS CURRENT LIABILITIES

819,269

811,239

CAPITAL AND RESERVES

Called up share capital

10

7,490

6,970

Share premium

1,172,998

923,515

Retained earnings

(361,219

)

(119,246

)

SHAREHOLDERS' FUNDS

819,269

811,239

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

The members have not required the company to obtain an audit of its financial statements for the period 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 Statement of Comprehensive Income 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:

Mr H C Wilkinson - Director

Mr J P Morris - Director

1.	STATUTORY INFORMATION

Drop-In Holdco 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.

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

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

These financial statements are the first financial statements to comply with FRS 102 Section 1A small entities. The date of transition is the first day of the previous accounting period.

Preparation of consolidated financial statements

The financial statements contain information about Drop-In Holdco Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets

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

Fixtures and fittings

-

Straight line over 5 years

Computer equipment

-

Straight line over 3 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

Taxation

Taxation for the period 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Going concern

The company has retained losses of £361,219 (2023 - £119,246). The company cannot continue to make losses of this significance while still meeting its obligations as they fall due.

Having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from an inability to meet obligations as they fall due.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - NIL ) .

5.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 August 2023

4,076

Additions

375

At 31 December 2024

4,451

AMORTISATION

At 1 August 2023

239

Amortisation for period

291

At 31 December 2024

530

NET BOOK VALUE

At 31 December 2024

3,921

At 31 July 2023

3,837

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 August 2023

1,371

-

1,371

Additions

16,801

2,441

19,242

At 31 December 2024

18,172

2,441

20,613

DEPRECIATION

At 1 August 2023

11

-

11

Charge for period

2,779

1,104

3,883

At 31 December 2024

2,790

1,104

3,894

NET BOOK VALUE

At 31 December 2024

15,382

1,337

16,719

At 31 July 2023

1,360

-

1,360

7.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2023

1

Additions

1

At 31 December 2024

2

NET BOOK VALUE

At 31 December 2024

2

At 31 July 2023

1

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

760,067

999

Other debtors

1,218

4,240

761,285

5,239

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

5,598

12,568

Other creditors

4,691

1,240

10,289

13,808

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

608,412

Ordinary

£0.01

6,084

6,970

140,625

Deferred

£0.01

1,406

-

7,490

6,970

During the period 52,084 Ordinary shares of £0.01 each were allotted as fully paid at a premium of £4.79 per share.

During the period 140,625 Ordinary shares of £0.01 each were reclassified as 140,625 Deferred shares of £0.01 each.

The Deferred shares have no right to vote, no right as to dividends and a limited right to capital.

11.	CORRESPONDING AMOUNTS

These financial statements cover the period 1 August 2023 to 31 December 2024. The comparative figures cover the period 12 July 2022 to 31 July 2023. Accordingly, the corresponding amounts may not be comparable as required by the provisions of FRS 102 Section 1A small entities.

12.	FIRST YEAR ADOPTION

No adjustments to accounting policies or equity have been required as a result of the transition to FRS 102 Section 1A in these financial statements.