REGISTERED NUMBER: 11108980 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Fable Data Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Davidson

Mr S Gohil

Mr L M P Kennedy

Mr J S McGibbon

REGISTERED OFFICE:

Unit 309-310, Metal Box Factory

30 Great Guildford Street

London

SE1 0HS

REGISTERED NUMBER:

11108980 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

FIXED ASSETS

Tangible assets

4

11,001

50,360

Investments

5

21,173

21,173

32,174

71,533

CURRENT ASSETS

Debtors

6

1,165,937

1,466,343

Cash at bank

748,030

2,027,145

1,913,967

3,493,488

CREDITORS

Amounts falling due within one year

7

(4,833,011

)

(5,284,624

)

NET CURRENT LIABILITIES

(2,919,044

)

(1,791,136

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,886,870

)

(1,719,603

)

CREDITORS

Amounts falling due after more than one year

8

(242,391

)

-

NET LIABILITIES

(3,129,261

)

(1,719,603

)

CAPITAL AND RESERVES

Called up share capital

564

503

Share premium

17,565,051

14,665,861

Retained earnings

(20,694,876

)

(16,385,967

)

(3,129,261

)

(1,719,603

)

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 30 September 2025 and were signed on its behalf by:

Mr L M P Kennedy - Director

1.	STATUTORY INFORMATION

Fable Data 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Fable Data Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated 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.

Significant judgements and estimates

In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future that affect the position shown in the accounts.

Turnover

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.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Fixtures and fittings

-

at varying rates on cost

Computer equipment

-

at varying rates on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 or other future taxable profits.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

As at the balance sheet date the company had net liabilities of £3,129,261 (2023: £1,719,603) and net current liabilities of £2,919,044 (2023: £1,791,136).The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future, being at least twelve months from the date of approval of these financial statements. In concluding that it is appropriate to adopt the going concern basis in preparing the financial statements the directors have had regard to tracking performance, cash flow forecast for the company for the period following, and a detailed review of the working capital requirements for the same period. These forecasts show that the company should be able to continue to operate within their existing facilities. However, given the limited headroom within the financial forecasts an underperformance to budget would require a further injection of funds from existing or new providers of capital support.

These conditions indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern and, therefore that they may be unable to realise assets and discharge liabilities in the normal course of business. The directors are of the opinion that the company will receive sufficient cash inflows to meet its liabilities as they fall due for the foreseeable future. Accordingly, these financial statements have been prepared on the going concern basis and do not include the adjustments that would result if the company were unable to continue as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 74 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

93,432

Disposals

(61,767

)

At 31 December 2024

31,665

DEPRECIATION

At 1 January 2024

43,072

Charge for year

16,167

Eliminated on disposal

(38,575

)

At 31 December 2024

20,664

NET BOOK VALUE

At 31 December 2024

11,001

At 31 December 2023

50,360

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2024

and 31 December 2024

21,173

NET BOOK VALUE

At 31 December 2024

21,173

At 31 December 2023

21,173

6.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

540,258

-

Amounts owed by group undertakings

9,250

5,547

Other debtors

587,488

1,460,796

1,136,996

1,466,343

31.12.24

31.12.23

£

£

Amounts falling due after more than one year:

Other debtors

28,941

-

Aggregate amounts

1,165,937

1,466,343

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

195,450

246,217

Taxation and social security

682,640

190,537

Other creditors

3,954,921

4,847,870

4,833,011

5,284,624

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

242,391

-

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

100,564

65,990

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.