REGISTERED NUMBER: 13132754 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

VIRTUALROUTEZ LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Coetzee

Mr D J Pringle

Mr H A Ras

Mr H Schultz

Mr R F Van Zyl

REGISTERED OFFICE:

Ground Floor Marlborough House

298 Regents Park Road

London

N3 2SZ

REGISTERED NUMBER:

13132754 (England and Wales)

ACCOUNTANTS:

Fusion Accountancy Limited

Marlborough House

298 Regents Park Road

London

N3 2SZ

FIXED ASSETS

Intangible assets

4

12,728

19,092

Tangible assets

5

1,829

1,004

Investments

6

6

6

14,563

20,102

CURRENT ASSETS

Debtors

7

21,903

21,298

Cash at bank

207

12,791

22,110

34,089

CREDITORS

Amounts falling due within one year

8

143,258

112,008

NET CURRENT LIABILITIES

(121,148

)

(77,919

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(106,585

)

(57,817

)

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

(106,586

)

(57,818

)

SHAREHOLDERS' FUNDS

(106,585

)

(57,817

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr H Schultz - Director

1.	STATUTORY INFORMATION

Virtualroutez Limited 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

Intellectual property assets are £31,820. It is amortised to the profit and loss account over its estimated economic life of 5 years.

Tangible fixed assets

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

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern disclosure

The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

$

COST

At 1 January 2024

and 31 December 2024

31,820

AMORTISATION

At 1 January 2024

12,728

Amortisation for year

6,364

At 31 December 2024

19,092

NET BOOK VALUE

At 31 December 2024

12,728

At 31 December 2023

19,092

5.	TANGIBLE FIXED ASSETS

Computer

equipment

$

COST

At 1 January 2024

1,060

Additions

1,693

At 31 December 2024

2,753

DEPRECIATION

At 1 January 2024

56

Charge for year

868

At 31 December 2024

924

NET BOOK VALUE

At 31 December 2024

1,829

At 31 December 2023

1,004

6.	FIXED ASSET INVESTMENTS

Unlisted

investments

$

COST

At 1 January 2024

and 31 December 2024

6

NET BOOK VALUE

At 31 December 2024

6

At 31 December 2023

6

The company's investment at the Statement of Financial Position date is in the share capital of VirtualRouteZ (Pty) Ltd, a company incorporated in South Africa. The company owns 100% of the share capital.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

$

$

Trade debtors

4,294

6,899

Amounts owed by group undertakings

17,609

14,399

21,903

21,298

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

$

$

Trade creditors

-

1,708

Amounts owed to group undertakings

38,888

12,313

Other creditors

102,055

95,848

Accruals and deferred income

2,315

2,139

143,258

112,008

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

$

$

1

Ordinary £1

£1

1

1

10.	RELATED PARTY DISCLOSURES

VirtualRouteZ Limited owns 100% of the share capital of VirtualRouteZ (Pty) Ltd.

VirtualRouteZ (Pty) Ltd

At the balance sheet date, included creditors, is an amount of $11,960 (2023: $12,313) owed to VirtualrouteZ (Pty) Ltd. This loan is interest free, of no fixed term and repayable on demand.

At the balance sheet date, included under debtors, is an amount of $17,609 (2023: $12,149) owed from VirtualRouteZ (Pty) Ltd. This loan has interest charged at a rate of LIBOR + 2% and BOE + 2% from July 2023 and is repayable on demand.

VirtualRouteZ Holdings Loan

At the balance sheet date, included under creditors, is an amount of $26,928 (2023: $2,250 amount owed) owed to VirtualRouteZ Holdings Ltd.