Halfloop Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 14019217

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		255,651
Tangible Assets	5		-		716

			-		256,367
CURRENT ASSETS
Debtors	6	4,282		17,648
Cash at bank and in hand		26,210		545,097

		30,492		562,745
Creditors: Amounts Falling Due Within One Year	7	(2,154 )		(44,978 )

NET CURRENT ASSETS (LIABILITIES)			28,338		517,767

TOTAL ASSETS LESS CURRENT LIABILITIES			28,338		774,134

NET ASSETS			28,338		774,134

CAPITAL AND RESERVES
Called up share capital	8		95		95
Share premium account			1,099,986		1,099,986
Profit and Loss Account			(1,071,743 )		(325,947 )

SHAREHOLDERS' FUNDS			28,338		774,134

For the year ending 30 April 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

S G Bignell

Director

26th September 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Halfloop Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14019217 . The registered office is Arquen House, 4-6 Spicer Street, St. Albans, Hertfordshire, England, AL3 4PQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors believe that the going concern basis is not appropriate as the company has no realistic alternative but to cease trading and go into liquidation. The liquidation process is to begin post-accounting period.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are development costs. Following an impairment review, the company has confirmed there is no recoverable amount as at 30 April 2025. Hence, the total balance has been written off as an impairment loss to the profit and loss account.

2.4. Tangible Fixed Assets and Depreciation

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.

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.

Depreciation is provided on the following basis:

Computer Equipment

25% Depreciation on Straight Line Basis

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 the statement of comprehensive income.

2.5. Foreign Currencies

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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2.7. Pensions

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 no further payment obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. At the reporting date, no amount remained payable and the scheme liability had been paid in full. The assets of the plan are held separately from the company in independently administered funds.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

Page 2

Page 3

Halfloop Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 May 2024	255,651
Additions	183,295

As at 30 April 2025	438,946

Amortisation
As at 1 May 2024	-
Impairment losses	438,946

As at 30 April 2025	438,946

Net Book Value
As at 30 April 2025	-

As at 1 May 2024	255,651

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 May 2024	1,041
Disposals	(456 )

As at 30 April 2025	585

Depreciation
As at 1 May 2024	325
Provided during the period	260

As at 30 April 2025	585

Net Book Value
As at 30 April 2025	-

As at 1 May 2024	716

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	926	12,975
Other debtors	2,274	-
VAT	1,082	4,673

	4,282	17,648

Page 3

Page 4

Halfloop Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	27,182
Other taxes and social security	1,265	17,114
Net wages	889	682

	2,154	44,978

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
8,210,500 Ordinary Shares of £ 0.00001 each	82	82
1,249,289 Ordinary A shares of £ 0.00001 each	13	13

	95	95

9. Ultimate Controlling Party

In the opinion of the directors, there is no single ultimate controlling party.

Page 4