LOCALISED IP LIMITED Accounts






LOCALISED IP LIMITED

	Company No. 04946760
		Information for Filing with The Registrar
		31 December 2024

The Directors present their report and the accounts for the year ended 31 December 2024.

Principal activities
The principal activity of the company during the year under review was business and domestic software development.




Directors

The Directors who served at any time during the year were as follows:

J.E.P. Holdgate
S.M. Zaidi








































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

S.M. Zaidi
Director
29 September 2025

at	31 December 2024
Company No.		04946760	Notes	2024	2023
				£	£
Fixed assets

	Tangible assets		4	-	-



Current assets

	Debtors		5	752	18,346

	Cash at bank and in hand			2,970	3,125
				3,722	21,471
Creditors: Amount falling due within one year			6	(68,413)	(65,203)
Net current liabilities				(64,691)	(43,732)
Total assets less current liabilities				(64,691)	(43,732)




Net liabilities				(64,691)	(43,732)

Capital and reserves
	Called up share capital		7	100	100
	Share premium account		8	1,449,706	1,449,706


	Profit and loss account		8	(1,514,497)	(1,493,538)

Total equity				(64,691)	(43,732)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 29 September 2025 and signed on its behalf by:
S.M. Zaidi
Director
29 September 2025

for the year ended 31 December 2024

General information

LOCALISED IP LIMITED is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 04946760

Its registered office is:

Network House

Globe Business Park

Third Avenue, Marlow

Buckinghamshire

SL7 1EY

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Freehold buildings

3-5% Straight line

Plant and machinery

2% Straight line

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other 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.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	0	0

4	Tangible fixed assets
			Plant and machinery	Total
			£	£
		Cost or revaluation
		At 1 January 2024	231,732	231,732




		At 31 December 2024	231,732	231,732
		Depreciation
		At 1 January 2024	231,732	231,732




		At 31 December 2024	231,732	231,732
		Net book values
		At 31 December 2024	-	-
		At 31 December 2023	-	-

5	Debtors
			2024	2023
			£	£




		VAT recoverable	752	217

		Other debtors	-	18,129

			752	18,346

6	Creditors:
		amounts falling due within one year
			2024	2023
			£	£




		Trade creditors	-	1,765
		Amounts owed to group undertakings	68,413	63,438




			68,413	65,203

Share Capital

Ordinary share capital (£100.1 - fully paid)

Reserves

Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

Transactions with related parties

Parent Company

The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:

PJ Group Limited