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Company Registration No. 09119096 (England and Wales)
Neon Century Limited Unaudited accounts for the year ended 31 March 2025
Neon Century Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Neon Century Limited Company Information for the year ended 31 March 2025
Director
Cameron Colquhoun
Company Number
09119096 (England and Wales)
Registered Office
Suite 4B 43 Berkeley Square London W1J 5FJ United Kingdom
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Neon Century Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
5,100
5,614
Tangible assets
5
3,005
5,770
Investments
6
18,158
18,158
26,263
29,542
Current assets
Debtors
7
310,022
702,711
Cash at bank and in hand
20,798
66,386
330,820
769,097
Creditors: amounts falling due within one year
8
(349,036)
(220,841)
Net current (liabilities)/assets
(18,216)
548,256
Net assets
8,047
577,798
Capital and reserves
Called up share capital
100
100
Profit and loss account
7,947
577,698
Shareholders' funds
8,047
577,798
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 15 October 2025 and were signed on its behalf by
Cameron Colquhoun Director Company Registration No. 09119096
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Neon Century Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Neon Century Limited is a private company, limited by shares, registered in England and Wales, registration number 09119096. The registered office is Suite 4B, 43 Berkeley Square, London, W1J 5FJ, United Kingdom.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. 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.
Intangible fixed assets
Intangible fixed assets are included at cost less any accumulated amortisation and any accumulated impairment losses. Goodwill is amortised evenly over its estimated useful life of fifteen years.
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:
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
Investments
Investments in subsidiaries are stated at cost less accumulated impairment losses in the Company's balance sheet. On disposal of investments in subsidiaries, the difference between net disposal proceeds and the carrying amount of the investment is taken to the income statement.
Pension costs and other post-retirement benefits
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account in the period to which they relate.
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Neon Century Limited Notes to the Accounts for the year ended 31 March 2025
Leased assets
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. 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.
Employee Share Option Scheme
At the year end date, 20,000 (2024: 35,000) options on Ordinary A Shares and nil (2024: 30,000) options on Ordinary B Shares were outstanding. 10,000 options on Ordinary A shares were granted during the year (2024: 25,000 options on Ordinary A shares granted). 25,000 options on Ordinary A shares and 30,000 options on Ordinary B shares were forfeited during the year (2024: 10,000 options on Ordinary A shares forfeited). 5,000 of the outstanding options have an exercise price of £0.72 per share and a vested during the year. 5,000 of the outstanding options have an exercise price of £0.72 per share and a vesting date in the year ending 31 March 2026. 10,000 options have an exercise price of £1.06 per share and a vesting date in the year ending 31 March 2029. All of the options are exercisable in the event of an exit.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024
7,713
At 31 March 2025
7,713
Amortisation
At 1 April 2024
2,099
Charge for the year
514
At 31 March 2025
2,613
Net book value
At 31 March 2025
5,100
At 31 March 2024
5,614
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Neon Century Limited Notes to the Accounts for the year ended 31 March 2025
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
2,224
22,832
25,056
Additions
-
633
633
At 31 March 2025
2,224
23,465
25,689
Depreciation
At 1 April 2024
1,797
17,489
19,286
Charge for the year
179
3,219
3,398
At 31 March 2025
1,976
20,708
22,684
Net book value
At 31 March 2025
248
2,757
3,005
At 31 March 2024
427
5,343
5,770
6
Investments
Subsidiary undertakings
£
Valuation at 1 April 2024
18,158
Valuation at 31 March 2025
18,158
The investment amount relates to Neon Century Inc, a wholly-owned subsidiary incorporated in the United States.
7
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
4,686
-
Trade debtors
59,329
-
Amounts due from group undertakings etc.
-
401,990
Accrued income and prepayments
982
16,378
Other debtors
245,025
284,343
310,022
702,711
8
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
-
12,701
Trade creditors
14,690
9,435
Amounts owed to group undertakings and other participating interests
212,181
-
Taxes and social security
24,933
52,363
Other creditors
6,482
6,574
Accruals
40,750
59,768
Deferred income
50,000
80,000
349,036
220,841
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Neon Century Limited Notes to the Accounts for the year ended 31 March 2025
9
Transactions with related parties
A balance of £212,181 (2024: £401,990 receivable) is owed by the Company at the financial year end to the 100% subsidiary, Neon Century Inc. The balance is unsecured, interest-free and repayable on demand. Income from investments of £116,105 in the year relates to dividends received from Neon Century Inc (2024: nil). The Company has a further loan amount outstanding of £245,025 to a company wholly owned by a director (2024: £245,025). The loan is interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 8 (2024: 10).
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