ACCOUNTS - Final Accounts preparation

Registered number: 14083779

AKUNA LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

AKUNA LIMITED

REGISTERED NUMBER: 14083779

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		965		-
Investments	5		628		628
Investment property	6		369,390		-
Current assets
Debtors: amounts falling due within one year	7	24,645		100
Cash at bank and in hand	8	362,392		-
Creditors: amounts falling due within one year	9	(1,975,859)		(111,080)
Net current liabilities			(1,588,822)		(110,980)

Net liabilities			(1,217,839)		(110,352)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(1,217,939)	(110,452)
	(1,217,839)	(110,352)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 September 2025.

A Djimi

Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

AKUNA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Akuna Limited is a private company, limited by shares, registered in England and Wales, registration number 14083779. The registered office is 10 Queen Street, London, EC4R 1AG.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on the going concern basis as the directors have
confirmed that the shareholder will continue to provide the necessary funding in order for the company to maintain operations and meet liabilities in full for at least 12 months. On this basis, the directors are satisfied that the financial statements should be prepared on a going concern basis.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

AKUNA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 1).

Page 3

AKUNA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	Additions	1,447
	At 31 December 2024	1,447
	Depreciation
	Charge for the year on owned assets	482
	At 31 December 2024	482
	Net book value
	At 31 December 2024	965
	At 31 December 2023	-

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	628
	At 31 December 2024	628

Page 4

AKUNA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Investment property

		Property held for develop-ment
		£
	Valuation
	Additions at cost	369,390
	At 31 December 2024	369,390

The 2024 valuations were made by the directors, on an open market value for existing use basis.

Debtors

					2024	2023
					£	£


Other debtors	24,645	100

8.	Cash and cash equivalents
		2024	2023
		£	£

	Cash at bank and in hand	362,392	-

9.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	75,829	-
Other creditors	1,876,401	111,080
Accruals and deferred income	23,629	-
	1,975,859	111,080

Page 5

AKUNA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

10.	Related party transactions
	Included in Other Creditors is a loan of £1,588,281 (2023: £110,452) due to IE7 Limited, a related party by virtue of common shareholding. Included in Other Creditors is a loan of £287,492 (2023: £nil) due to IE7 Holdings Limited, a related party by virtue of common shareholding.

11.	Controlling party

The company is under the control of I Elba, who is the ultimate controlling party.

Page 6