REGISTERED NUMBER: 10847056 (England and Wales)

Audited Financial Statements

for the Year Ended 31 December 2024

for

Robot Teddy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M Walfisz

REGISTERED OFFICE:

17 Queens Lane

Newcastle upon Tyne

Tyne and Wear

NE1 1RN

REGISTERED NUMBER:

10847056 (England and Wales)

AUDITORS:

S&W Partners Audit Limited

Statutory Auditor

Chartered Accountants

17 Queens Lane

Newcastle

NE1 1RN

FIXED ASSETS

Tangible assets

5

1,851

4,402

Investments

6

45

45

1,896

4,447

CURRENT ASSETS

Debtors

7

3,231,238

4,075,694

Cash at bank

3,931,527

2,672,099

7,162,765

6,747,793

CREDITORS

Amounts falling due within one year

8

(79,890

)

(63,012

)

NET CURRENT ASSETS

7,082,875

6,684,781

TOTAL ASSETS LESS CURRENT LIABILITIES

7,084,771

6,689,228

PROVISIONS FOR LIABILITIES

(225

)

-

NET ASSETS

7,084,546

6,689,228

CAPITAL AND RESERVES

Called up share capital

2

2

Profit and loss account

7,084,544

6,689,226

7,084,546

6,689,228

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

Mr M Walfisz - Director

1.	STATUTORY INFORMATION

Robot Teddy 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 (£) and rounded to the nearest £.

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Going concern

We are happy that Robot Teddy Limited can continue as a going concern as our continuing contracts and sales pipeline far outweigh our current costings. We also have substantial cash assets to help support any unforeseen circumstances. The cash held by the company gives us a three year runway on current staffing costs. A letter of support has been received from Thunderful AB, the parent company, which gives the directors comfort that the entity will continue as a going concern for 12 months from approval of the financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

50% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

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 and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

Foreign currencies

Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction.

Balances at the year end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits

Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

6,587

Additions

1,808

Disposals

(2,340

)

At 31 December 2024

6,055

DEPRECIATION

At 1 January 2024

2,185

Charge for year

2,763

Eliminated on disposal

(744

)

At 31 December 2024

4,204

NET BOOK VALUE

At 31 December 2024

1,851

At 31 December 2023

4,402

6.	FIXED ASSET INVESTMENTS

Interest

in joint

venture

£

COST

At 1 January 2024

and 31 December 2024

45

NET BOOK VALUE

At 31 December 2024

45

At 31 December 2023

45

7.

DEBTORS

2024

2023

as restated

£

£

Amounts falling due within one year:

Trade debtors

20,052

147,119

Other debtors

96,118

2,871,849

116,170

3,018,968

Amounts falling due after more than one year:

Amounts owed by group undertakings

2,201,364

-

Other debtors

913,704

1,056,726

3,115,068

1,056,726

Aggregate amounts

3,231,238

4,075,694

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade creditors

15,500

24,909

Taxation and social security

30,587

10,306

Other creditors

33,803

27,797

79,890

63,012

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nicola Scarr ACA (Senior Statutory Auditor)

for and on behalf of S&W Partners Audit Limited