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core:OtherReservesSubtotal 2024-03-31 12979583 core:RetainedEarningsAccumulatedLosses 2024-03-31 12979583 core:LandBuildings 2025-03-31 12979583 core:PlantMachinery 2025-03-31 12979583 core:Vehicles 2025-03-31 12979583 core:FurnitureFittings 2025-03-31 12979583 core:OfficeEquipment 2025-03-31 12979583 core:NetGoodwill 2025-03-31 12979583 core:IntangibleAssetsOtherThanGoodwill 2025-03-31 12979583 core:ListedExchangeTraded 2025-03-31 12979583 core:UnlistedNon-exchangeTraded 2025-03-31 12979583 core:LandBuildings 2024-03-31 12979583 core:PlantMachinery 2024-03-31 12979583 core:Vehicles 2024-03-31 12979583 core:FurnitureFittings 2024-03-31 12979583 core:OfficeEquipment 2024-03-31 12979583 core:NetGoodwill 2024-03-31 12979583 core:IntangibleAssetsOtherThanGoodwill 2024-03-31 12979583 core:ListedExchangeTraded 2024-03-31 12979583 core:UnlistedNon-exchangeTraded 2024-03-31 12979583 core:LandBuildings 2024-04-01 2025-03-31 12979583 core:PlantMachinery 2024-04-01 2025-03-31 12979583 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2025-03-31 12979583 core:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 12979583 dpl:GroupUndertakings 2024-04-01 2025-03-31 12979583 dpl:ParticipatingInterests 2024-04-01 2025-03-31 12979583 dpl:GroupUndertakings core:ListedExchangeTraded 2024-04-01 2025-03-31 12979583 core:ListedExchangeTraded 2024-04-01 2025-03-31 12979583 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-04-01 2025-03-31 12979583 core:UnlistedNon-exchangeTraded 2024-04-01 2025-03-31 12979583 dpl:CostSales 2023-04-01 2024-03-31 12979583 dpl:DistributionCosts 2023-04-01 2024-03-31 12979583 core:LandBuildings 2023-04-01 2024-03-31 12979583 core:PlantMachinery 2023-04-01 2024-03-31 12979583 core:Vehicles 2023-04-01 2024-03-31 12979583 core:FurnitureFittings 2023-04-01 2024-03-31 12979583 core:OfficeEquipment 2023-04-01 2024-03-31 12979583 dpl:AdministrativeExpenses 2023-04-01 2024-03-31 12979583 core:NetGoodwill 2023-04-01 2024-03-31 12979583 core:IntangibleAssetsOtherThanGoodwill 2023-04-01 2024-03-31 12979583 dpl:GroupUndertakings 2023-04-01 2024-03-31 12979583 dpl:ParticipatingInterests 2023-04-01 2024-03-31 12979583 dpl:GroupUndertakings core:ListedExchangeTraded 2023-04-01 2024-03-31 12979583 core:ListedExchangeTraded 2023-04-01 2024-03-31 12979583 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2023-04-01 2024-03-31 12979583 core:UnlistedNon-exchangeTraded 2023-04-01 2024-03-31 12979583 core:NetGoodwill 2025-03-31 12979583 core:IntangibleAssetsOtherThanGoodwill 2025-03-31 12979583 core:LandBuildings 2025-03-31 12979583 core:PlantMachinery 2025-03-31 12979583 core:Vehicles 2025-03-31 12979583 core:FurnitureFittings 2025-03-31 12979583 core:OfficeEquipment 2025-03-31 12979583 core:AfterOneYear 2025-03-31 12979583 core:WithinOneYear 2025-03-31 12979583 core:ListedExchangeTraded 2025-03-31 12979583 core:UnlistedNon-exchangeTraded 2025-03-31 12979583 core:ShareCapital 2025-03-31 12979583 core:SharePremium 2025-03-31 12979583 core:RevaluationReserve 2025-03-31 12979583 core:OtherReservesSubtotal 2025-03-31 12979583 core:RetainedEarningsAccumulatedLosses 2025-03-31 12979583 core:NetGoodwill 2024-03-31 12979583 core:IntangibleAssetsOtherThanGoodwill 2024-03-31 12979583 core:LandBuildings 2024-03-31 12979583 core:PlantMachinery 2024-03-31 12979583 core:Vehicles 2024-03-31 12979583 core:FurnitureFittings 2024-03-31 12979583 core:OfficeEquipment 2024-03-31 12979583 core:AfterOneYear 2024-03-31 12979583 core:WithinOneYear 2024-03-31 12979583 core:ListedExchangeTraded 2024-03-31 12979583 core:UnlistedNon-exchangeTraded 2024-03-31 12979583 core:ShareCapital 2024-03-31 12979583 core:SharePremium 2024-03-31 12979583 core:RevaluationReserve 2024-03-31 12979583 core:OtherReservesSubtotal 2024-03-31 12979583 core:RetainedEarningsAccumulatedLosses 2024-03-31 12979583 core:NetGoodwill 2023-03-31 12979583 core:IntangibleAssetsOtherThanGoodwill 2023-03-31 12979583 core:LandBuildings 2023-03-31 12979583 core:PlantMachinery 2023-03-31 12979583 core:Vehicles 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122 IDEAS LTD

Registered Number
12979583
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

122 IDEAS LTD
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors | BYRNE, Hollis Michael
| CHESS, Jason Morgan
| CHHABRA, Robindar Raj
| COHEN, Charles Philip
| FALLON, Charles Mathew
| SCOTT, William Woods

Registered Address | 86-90 Paul Street
| London
| EC2A 4NE

Registered Number | 12979583 (England and Wales)

122 IDEAS LTD
Balance Sheet as at
31 March 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Intangible assets | 3 |  |  | 561,183 |  |  |  | 588,544
Tangible assets | 4 |  |  | 6,399 |  |  |  | 12,481
Investments | 5 |  |  | 1 |  |  |  | 1
|  |  |  | 567,583 |  |  |  | 601,026
Current assets |  |  |  |  |  |  |  |
Debtors | 6 | 37,994 |  |  |  | 36,137 |  |
Cash at bank and on hand |  | 362,854 |  |  |  | 582,931 |  |
|  | 400,848 |  |  |  | 619,068 |  |
Creditors amounts falling due within one year | 7 | (29,787) |  |  |  | (15,278) |  |
Net current assets (liabilities) |  |  |  | 371,061 |  |  |  | 603,790
Total assets less current liabilities |  |  |  | 938,644 |  |  |  | 1,204,816
Net assets |  |  |  | 938,644 |  |  |  | 1,204,816
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 192 |  |  |  | 192
Share premium |  |  |  | 3,046,984 |  |  |  | 2,542,605
Profit and loss account |  |  |  | (2,108,532) |  |  |  | (1,337,981)
Shareholders' funds |  |  |  | 938,644 |  |  |  | 1,204,816

- The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
- The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 14 October 2025, and are signed on its behalf by:
COHEN, Charles Philip Director Registered Company No. 12979583

122 IDEAS LTD
Notes to the Financial Statements
for the year ended 31 March 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

| Revenue from rendering of services
--- | ---
| Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

| Employee benefits
--- | ---
| Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

| Defined contribution pension plan
--- | ---
| The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

| Intangible assets
--- | ---
| Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

| Development costs
--- | ---
| In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only. Amortisation will begin once commercial production has started or when the developed product comes into use.

| Tangible fixed assets and depreciation
--- | ---
| All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

|  | Straight line (years)
| Office Equipment | 3

| Investments
--- | ---
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

| Trade and other debtors
--- | ---
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Cash and cash equivalents
--- | ---
| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

| Trade and other creditors
--- | ---
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

| Financial instruments
--- | ---
| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

| Share capital
--- | ---
| Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 6 |  | 6

3. | Intangible assets
--- | ---

|  | Total
--- | --- | ---
|  | £
| Cost or valuation
| At 01 April 24 | 588,544
| Additions | 84,879
| At 31 March 25 | 673,423
| Amortisation and impairment
| Charge for year | 112,240
| At 31 March 25 | 112,240
| Net book value
| At 31 March 25 | 561,183
| At 31 March 24 | 588,544

4. | Tangible fixed assets
--- | ---

|  | Total
--- | --- | ---
|  | £
| Cost or valuation
| At 01 April 24 | 23,632
| Additions | 3,461
| At 31 March 25 | 27,093
| Depreciation and impairment
| At 01 April 24 | 11,151
| Charge for year | 9,543
| At 31 March 25 | 20,694
| Net book value
| At 31 March 25 | 6,399
| At 31 March 24 | 12,481

5. | Fixed asset investments
--- | ---

|  | Total
--- | --- | ---
|  | £
| Cost or valuation
| At 01 April 24 | 1
| At 31 March 25 | 1
| Net book value
| At 31 March 25 | 1
| At 31 March 24 | 1

6. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 35,550 |  | 9,450
| Other debtors | 2,444 |  | 20,729
| Prepayments and accrued income | - |  | 5,958
| Total | 37,994 |  | 36,137

7. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 36 |  | -
| Taxation and social security | 12,395 |  | 9,385
| Other creditors | 1,440 |  | 893
| Accrued liabilities and deferred income | 15,916 |  | 5,000
| Total | 29,787 |  | 15,278