Company Registration No. 13189124 (England and Wales)
Conscious Ventures Ltd
Unaudited accounts
for the period from 29 February 2024 to 28 February 2025
Conscious Ventures Ltd
Unaudited accounts
Contents
Conscious Ventures Ltd
Company Information
for the period from 29 February 2024 to 28 February 2025
Directors
Felix Leemann
Madeline Petrow
Matthew Williams
Company Number
13189124 (England and Wales)
Registered Office
139 MIDDLE DEAL ROAD
DEAL
CT14 9RJ
ENGLAND
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
Conscious Ventures Ltd
Statement of financial position
as at 28 February 2025
Tangible assets
2,908
6,403
Cash at bank and in hand
219,646
534,575
Creditors: amounts falling due within one year
(39,838)
(38,594)
Net current assets
281,635
617,187
Net assets
284,543
623,590
Called up share capital
23
23
Share premium
1,453,876
1,453,876
Profit and loss account
(1,169,356)
(830,309)
Shareholders' funds
284,543
623,590
For the period ending 28 February 2025 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 5 August 2025 and were signed on its behalf by
Felix Leemann
Director
Company Registration No. 13189124
Conscious Ventures Ltd
Notes to the Accounts
for the period from 29 February 2024 to 28 February 2025
Conscious Ventures Ltd is a private company, limited by shares, registered in England and Wales, registration number 13189124. The registered office is 139 MIDDLE DEAL ROAD, DEAL, CT14 9RJ, ENGLAND.
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.
These financial statements for the period from 29 February 2024 to 28 February 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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.
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:
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Expenditure on research and development is written off in the year in which it is incurred.
Research and Development Tax Credit
During the financial year, Conscious Ventures Limited received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Income Statement in line with disclosure requirements under FRS 102.
Conscious Ventures Ltd
Notes to the Accounts
for the period from 29 February 2024 to 28 February 2025
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments in shares are included at fair value.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
These accounts have been prepared on the going concern basis, on confirmation from the directors that the company is to receive further investment, enabling the company to carry on business for the foreseeable future.
4
Tangible fixed assets
Computer equipment
At 29 February 2024
13,082
At 28 February 2025
13,082
Charge for the period
3,495
At 28 February 2025
10,174
Amounts falling due within one year
Accrued income and prepayments
1,827
21,206
6
Investments held as current assets
2025
2024
Unlisted investments
-
100,000
Conscious Ventures Ltd
Notes to the Accounts
for the period from 29 February 2024 to 28 February 2025
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
1,544
3,079
Loans from directors
-
(11)
8
Average number of employees
During the period the average number of employees was 5 (2024: 4).