REFRAME TECHNOLOGIES LIMITED


Director	SZCZEPANSKI, Jeffrey


Company Secretary	MH SECRETARIES LIMITED


Registered Address	80 Cheapside
	London
	EC2V 6EE


Registered Number	13473161 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	4		6,029		5,932
			6,029		5,932
Current assets
Debtors	5	3,274		1,168
Cash at bank and on hand		30,114		31,674
		33,388		32,842
Creditors amounts falling due within one year	6	(131,116)		(106,113)
Net current assets (liabilities)			(97,728)		(73,271)
Total assets less current liabilities			(91,699)		(67,339)
Net assets			(91,699)		(67,339)
Capital and reserves
Called up share capital			10		10
Profit and loss account			(91,709)		(67,349)
Shareholders' funds			(91,699)		(67,339)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 30 September 2025, and are signed on its behalf by:

SZCZEPANSKI, Jeffrey
Director
Registered Company No. 13473161

REFRAME TECHNOLOGIES LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	The financial statements have been prepared on a basis other than going concern. The Director has made the decision to cease operations and the Company will enter liquidation within twelve months of the reporting date. The assets and liabilities have been stated at their recoverable amounts.

	Turnover policy
	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 rendering of services.

	Defined contribution pension plan
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	5

2.	Average number of employees


		2024		2023
	Average number of employees during the year	3		3

3.	Prior period adjustment
	During the current reporting period, it was identified that interest arising from an intercompany loan from the parent company, Reframe Technologies Inc, had not previously been recorded. The omission related to the financial years ended 31 December 2022 and 31 December 2023. Accordingly, the comparative figures have been restated to recognise this interest expense within finance costs. The effect of this adjustment is to decrease for the following years as follows: Year Ending 31 December 2022 by £5,755; and Year Ending 31 December 2023 by £9,703. The current year financial statements reflect the correct treatment of intercompany loan interest.

Prior period adjustment

During the current reporting period, it was identified that interest arising from an intercompany loan from the parent company, Reframe Technologies Inc, had not previously been recorded. The omission related to the financial years ended 31 December 2022 and 31 December 2023.

Accordingly, the comparative figures have been restated to recognise this interest expense within finance costs. The effect of this adjustment is to decrease for the following years as follows:

Year Ending 31 December 2022 by £5,755; and

Year Ending 31 December 2023 by £9,703.

The current year financial statements reflect the correct treatment of intercompany loan interest.

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 24	7,667	7,667
Additions	1,749	1,749
At 31 December 24	9,416	9,416
Depreciation and impairment
At 01 January 24	1,735	1,735
Charge for year	1,652	1,652
At 31 December 24	3,387	3,387
Net book value
At 31 December 24	6,029	6,029
At 31 December 23	5,932	5,932

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	2,974	1,168
Prepayments and accrued income	300	-
Total	3,274	1,168

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	210	10
Amounts owed to related parties	130,014	105,212
Other creditors	892	891
Total	131,116	106,113


	Included in creditors within one year is £130,014 owed to the parent company, Reframe Technologies Inc, based in United States.

7.	Events after reporting date
	The loan balance of £130,014 owing to the parent company, Reframe Technologies Inc, has been formally written off on 17 September 2025. This liability has therefore been released at that date and no further obligation remains in respect of this loan.