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Company Registration No. 12895809 (England and Wales)
Cheddar Payments Limited Unaudited accounts for the year ended 31 December 2024
Cheddar Payments Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Cheddar Payments Limited Company Information for the year ended 31 December 2024
Directors
LUKE ANTHONY LADYMAN TARIQ MOHAMED ZAID
Company Number
12895809 (England and Wales)
Registered Office
71-75 SHELTON STREET LONDON GREATER LONDON WC2H 9JQ UNITED KINGDOM
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Cheddar Payments Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
1,460 
1,460 
Tangible assets
5
1,415 
2,066 
2,875 
3,526 
Current assets
Debtors
6
1,244,014 
963,169 
Cash at bank and in hand
126,716 
121,033 
1,370,730 
1,084,202 
Creditors: amounts falling due within one year
7
(862,337)
(425,345)
Net current assets
508,393 
658,857 
Net assets
511,268 
662,383 
Capital and reserves
Called up share capital
4,152 
3,758 
Share premium
3,457,392 
3,046,231 
Profit and loss account
(2,950,276)
(2,387,606)
Shareholders' funds
511,268 
662,383 
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 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2025 and were signed on its behalf by
LUKE ANTHONY LADYMAN Director Company Registration No. 12895809
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Cheddar Payments Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Cheddar Payments Limited is a private company, limited by shares, registered in England and Wales, registration number 12895809. The registered office is 71-75 SHELTON STREET, LONDON, GREATER LONDON, WC2H 9JQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Licenses are stated at cost less accumulated amortisation and accumulated impairment losses. Licenses are amortised over their useful life of five years, on a straight line basis, with a full year of amortisation in the year of acquisition. Where factors, such as changes in market price indicate that residual value or useful life have changed, the residual value, useful life or amortisation rate are amended prospectively to reflect the new circumstances. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
3 years
Computer equipment
3 years
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Cheddar Payments Limited Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
3,250 
At 31 December 2024
3,250 
Amortisation
At 1 January 2024
1,790 
At 31 December 2024
1,790 
Net book value
At 31 December 2024
1,460 
At 31 December 2023
1,460 
Intangibles are amortised over the useful economic life at 20% of cost per year.
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
2,992 
2,671 
5,663 
Additions
798 
- 
798 
At 31 December 2024
3,790 
2,671 
6,461 
Depreciation
At 1 January 2024
1,923 
1,674 
3,597 
Charge for the year
828 
621 
1,449 
At 31 December 2024
2,751 
2,295 
5,046 
Net book value
At 31 December 2024
1,039 
376 
1,415 
At 31 December 2023
1,069 
997 
2,066 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,103 
96,272 
Accrued income and prepayments
10,403 
- 
22,506 
96,272 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
1,221,508 
866,897 
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Cheddar Payments Limited Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(5,874)
10,715 
Trade creditors
846,244 
11,977 
Amounts owed to group undertakings and other participating interests
- 
204,693 
Taxes and social security
7,130 
197,960 
Other creditors
4,533 
- 
Loans from directors
1,879 
- 
Accruals
8,425 
- 
862,337 
425,345 
8
Transactions with related parties
The company owes £1,221,508 to Cheddar Payments BV, which is a non-trading parent company under common control of the directors. Amounts primarily relate to the recharge of software development expenses during the year.
9
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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