REGISTERED NUMBER: 14805370 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

POWDER MONKEY GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Burdon

M D P McGeever

P B Twomey

REGISTERED OFFICE:

Priddys Hard

Heritage Way

Gosport

PO12 4FL

REGISTERED NUMBER:

14805370 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Intangible assets

4

4,325

4,825

Tangible assets

5

27,273

-

Investments

6

3,587,318

3,586,818

3,618,916

3,591,643

CURRENT ASSETS

Debtors

7

1,525,147

449,671

Cash at bank

729,471

324,284

2,254,618

773,955

CREDITORS

Amounts falling due within one year

8

(272,587

)

(30,924

)

NET CURRENT ASSETS

1,982,031

743,031

TOTAL ASSETS LESS CURRENT LIABILITIES

5,600,947

4,334,674

CAPITAL AND RESERVES

Called up share capital

10

1,412

1,106

Share premium

11

2,384,656

875,781

Merger reserve

11

3,546,326

3,546,326

Retained earnings

11

(331,447

)

(88,539

)

SHAREHOLDERS' FUNDS

5,600,947

4,334,674

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 29 September 2025 and were signed on its behalf by:

A Burdon - Director

1.	STATUTORY INFORMATION

Powder Monkey Group 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.

Intangible assets

Intangible fixed assets are stated at cost, or deemed cost, less accumulated amortisation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Patents & licences

-

Straight line over 10 years

Tangible fixed assets

Tangible fixed assets are stated at cost, or deemed cost, less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Fixtures & fittings

-

Straight line over 3 years

Motor vehicles

-

Straight line over 5 years

Investments in subsidiaries

Investment in subsidiaries are stated at cost, or deemed cost, less any impairment losses. Cost includes transactions directly attributable to the acquisition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has not further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability on the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Impairment

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

4,999

AMORTISATION

At 1 January 2024

174

Charge for year

500

At 31 December 2024

674

NET BOOK VALUE

At 31 December 2024

4,325

At 31 December 2023

4,825

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

28,835

At 31 December 2024

28,835

DEPRECIATION

Charge for year

1,562

At 31 December 2024

1,562

NET BOOK VALUE

At 31 December 2024

27,273

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

3,586,818

Additions

500

At 31 December 2024

3,587,318

NET BOOK VALUE

At 31 December 2024

3,587,318

At 31 December 2023

3,586,818

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

1,301,806

403,053

Other debtors

223,341

46,618

1,525,147

449,671

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

4,608

18,855

Taxation and social security

4,196

10,269

Other creditors

263,783

1,800

272,587

30,924

9.	DEFERRED TAX

£

Balance at 1 January 2024

(29,393

)

Corporation tax losses

(103,198

)

Balance at 31 December 2024

(132,591

)

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

141,169

Ordinary shares

£0.01

1,412

1,106

During the period the following issues were made to investors:

- 680 Ordinary shares at a price of £0.01 per share (par);

- 2,188 Ordinary shares at a price of £40 per share;

- 9,440 Ordinary shares at a price of £46 per share;

- 10,255 Ordinary shares at a price of £53 per share;

- 2,842 Ordinary shares at a price of £59.50 per share.

On 4th December 2024, debt of £62,000 was converted into 1,169 Ordinary shares.

On 2nd December 2024, debt of £212,800 was converted into 4,015 Ordinary shares.

In total, 30,589 Ordinary shares were issued during the year.

11.

RESERVES

Retained

Share

Merger

earnings

premium

reserve

Totals

£

£

£

£

At 1 January 2024

(88,539

)

875,781

3,546,326

4,333,568

Deficit for the year

(242,908

)

(242,908

)

Cash share issue

-

1,508,875

-

1,508,875

At 31 December 2024

(331,447

)

2,384,656

3,546,326

5,599,535

12.	RELATED PARTY DISCLOSURES

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.