ACCOUNTS - Final Accounts preparation

Registered number: 15392951

AK DIGITAL ASSETS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2025

AK DIGITAL ASSETS LTD

REGISTERED NUMBER: 15392951

BALANCE SHEET

AS AT 31 JANUARY 2025

		2025
Note		£

Fixed assets
Intangible assets	4		140,122
			140,122
Current assets
Cash at bank and in hand	5	13,434
		13,434
Creditors: amounts falling due within one year	6	(74,910)
Net current (liabilities)/assets			(61,476)
Total assets less current liabilities			78,646

Net assets			78,646

Capital and reserves
Called up share capital		1
Revaluation reserve	7	77,307
Profit and loss account	7	1,338
		78,646

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AK DIGITAL ASSETS LTD

REGISTERED NUMBER: 15392951

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2025

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 period 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 by:

Mr A A Karaiskos

Director

Date: 6 October 2025

The notes on pages 3 to 6 form part of these financial statements.

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AK DIGITAL ASSETS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

1.	General information

The company is a private company limited by shares incorporated in England and Wales. The address of its registered office is: 45 Leigh Road, Hildenborough, Tonbridge, England, TN11 9AF . The financial statements are prepared in GBP ("£") which is the functional and presentational currency of the primary economic environment in which the company operates.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

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AK DIGITAL ASSETS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the revaluation model, intangible assets shall be carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent impairment losses - provided that the fair value can be determined by reference to an active market.
Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the balance sheet date.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.5

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.

2.6

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 period was 2.

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AK DIGITAL ASSETS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

4.	Intangible assets

		Digital assets
		£
	Cost
	Additions	145,071
	Disposals	(81,540)
	Revaluation surplus	77,307
	At 31 January 2025	140,838
	Amortisation
	Charge for the period on owned assets	14,507
	On disposals	(13,791)
	At 31 January 2025	716
	Net book value
	At 31 January 2025	140,122

5.	Cash and cash equivalents
		2025
		£

	Cash at bank and in hand	13,434
		13,434

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AK DIGITAL ASSETS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

6.	Creditors: Amounts falling due within one year
		2025
		£

	Other loans	64,738
	Other creditors	7,172
	Accruals and deferred income	3,000
		74,910

Reserves

Revaluation reserve

Revaluation reserve is comprised of the revaluation of digital assets to their market value as at 31 January 2025.

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