Company Registration No. 14393667 (England and Wales)
11x Limited
Unaudited accounts
for the period from 1 November 2023 to 31 December 2024
11x Limited
Unaudited accounts
Contents
11x Limited
Company Information
for the period from 1 November 2023 to 31 December 2024
Company Number
14393667 (England and Wales)
Registered Office
Unit 409
Brickfields Workspace Cremer Business
37 Cremer St
London
E2 8HD
United Kingdom
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
11x Limited
Statement of financial position
as at 31 December 2024
Tangible assets
43,076
12,789
Cash at bank and in hand
112,500
1,210,793
Creditors: amounts falling due within one year
(22,220)
(41,911)
Net current (liabilities)/assets
(2,015,648)
1,191,173
Net (liabilities)/assets
(1,972,572)
1,203,962
Called up share capital
3
3
Share premium
1,679,533
1,679,533
Profit and loss account
(3,652,108)
(475,574)
Shareholders' funds
(1,972,572)
1,203,962
For the period 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 director acknowledges his 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 and authorised for issue on 30 September 2025 and were signed on its behalf by
Prabhav Jain
Director
Company Registration No. 14393667
11x Limited
Notes to the Accounts
for the period from 1 November 2023 to 31 December 2024
11x Limited is a private company, limited by shares, registered in England and Wales, registration number 14393667. The registered office is Unit 409, Brickfields Workspace Cremer Business, 37 Cremer St, London, E2 8HD, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Computer equipment
3 Years
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2023
1,400
12,603
14,003
Additions
12,455
32,249
44,704
At 31 December 2024
13,855
44,852
58,707
At 1 November 2023
116
1,098
1,214
Charge for the period
4,193
10,224
14,417
At 31 December 2024
4,309
11,322
15,631
At 31 December 2024
9,546
33,530
43,076
At 31 October 2023
1,284
11,505
12,789
11x Limited
Notes to the Accounts
for the period from 1 November 2023 to 31 December 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
(2,146,524)
-
Accrued income and prepayments
15,600
-
Other debtors
24,996
5,218
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
8,356
Other creditors
13,770
22,857
7
Transactions with related parties
During the year the parent company 11x AI Inc made loans totalling £2,146,523 to 11x Limited. At 31 December 2024 the balance included in Other Debtors was £2,146,523 (2023: £nil). The loans are unsecured, interest free and repayable on demand.
11x Limited is a wholly owned subsidiary of 11x AI inc. The Directors do not consider there to be an ultimate controlling party.
9
Average number of employees
During the period the average number of employees was 4 (2023: 4).