Exploreo Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 06096592

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		45,061		35,921

			45,061		35,921
CURRENT ASSETS
Debtors	5	654		135
Cash at bank and in hand		3,132		8,769

		3,786		8,904
Creditors: Amounts Falling Due Within One Year	6	(194,955 )		(170,288 )

NET CURRENT ASSETS (LIABILITIES)			(191,169 )		(161,384 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(146,108 )		(125,463 )

NET LIABILITIES			(146,108 )		(125,463 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Share premium account			4,062		4,062
Profit and Loss Account			(150,270 )		(129,625 )

SHAREHOLDERS' FUNDS			(146,108)		(125,463)

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Exploreo Limited

Balance Sheet (continued)

As At 31 December 2024

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 his 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 Profit and Loss Account.

On behalf of the board

Mr. Arjen Hartman

Director

23rd September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Exploreo Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06096592 . The registered office is 20-22 Wenlock Road, London, N1 7GU.

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

The company balance sheet would suggest that the going concern basis may not be appropriate. However, the director has confirmed that he will continue to provide support to the company to allow it to continue to operate in the foreseeable future. The director therefore considers it appropriate to prepare the financial statements on a going concern basis.

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. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are the development costs for the company web platform which have started to generate revenue. It will be amortised to profit and loss account over its estimated economic life of 5 years.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

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

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	35,921
Additions	13,952

As at 31 December 2024	49,873

Amortisation
As at 1 January 2024	-
Provided during the period	4,812

As at 31 December 2024	4,812

...CONTINUED

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Exploreo Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	45,061

As at 1 January 2024	35,921

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	400	90
Other debtors	254	-

	654	90
Due after more than one year
Other debtors	-	45

	654	135

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	3,043	242
Other creditors	191,912	170,046

	194,955	170,288

Included in other creditors is an amount due to the director of the company of £190,772 (2023: £167,767), this amount is interest free and repayable on demand.

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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