ACCOUNTS - Final Accounts preparation

Cash and cash equivalents

Registered number: 14812950

CURIOSITY INCUBATOR LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024


CURIOSITY INCUBATOR LTD REGISTERED NUMBER:14812950

BALANCE SHEET

AS AT 31 DECEMBER 2024

	31 December	30 April
	2024	2024
Note	£	£

Fixed assets
Tangible assets	4		1,092		1,079
			1,092		1,079
Current assets
Debtors: amounts falling due within one year	5	29,571		29,918
Cash at bank and in hand	6	23,616		5,013
		53,187		34,931
Creditors: amounts falling due within one year	7	(44,028)		(13,190)
Net current assets			9,159		21,741
Total assets less current liabilities			10,251		22,820

Net assets			10,251		22,820

Capital and reserves
Called up share capital	1	1
Profit and loss account	10,250	22,819
	10,251	22,820

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 September 2025.

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CURIOSITY INCUBATOR LTD REGISTERED NUMBER:14812950

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

B P Gildea

Director

The notes on pages 3 to 7 form part of these financial statements.

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CURIOSITY INCUBATOR LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

Curiosity Incubator Ltd is a limited company incorporated and domiciled in England and Wales. The company's registered office is Salisbury House, Station Road, Cambridge, United Kingdom, CB1 2LA.
The Company's functional and presentational currency is GBP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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CURIOSITY INCUBATOR LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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CURIOSITY INCUBATOR LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Employees
	The average monthly number of employees, including directors, during the period was 1 (April 2024 - 1).

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CURIOSITY INCUBATOR LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 May 2024	1,166
	Additions	191
	At 31 December 2024	1,357
	Depreciation
	At 1 May 2024	87
	Charge for the period on owned assets	178
	At 31 December 2024	265
	Net book value
	At 31 December 2024	1,092
	At 30 April 2024	1,079

Debtors

					31 December	30 April
					2024	2024
					£	£


Trade debtors	24,820	600
Other debtors	4,131	28,085
Prepayments and accrued income	620	1,233
	29,571	29,918

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CURIOSITY INCUBATOR LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

	Cash at bank and in hand	23,616	5,013

Trade creditors	2,124	1,918
Amounts owed to group undertakings	5,301	-
Corporation tax	10,213	5,140
Other taxation and social security	20,130	3,684
Other creditors	3,760	-
Accruals and deferred income	2,500	2,448
	44,028	13,190

8.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £7,500 (2024 - £938) . Contributions totalling £nil (2024 - £nil) were payable to the fund at the balance sheet date and are included in creditors.

9.	Controlling party

The ultimate controlling party is B P Gildea by nature of her shareholding in the company.

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