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Company Registration No. 09496687 (England and Wales)
Shadow Foundr Ltd Unaudited accounts for the year ended 31 March 2025
Shadow Foundr Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Shadow Foundr Ltd Company Information for the year ended 31 March 2025
Directors
Naz Craft Jason Kluver
Secretary
Amanda Garnett
Company Number
09496687 (England and Wales)
Registered Office
23-25 Montagu Street London London W1H 7EZ England
Accountants
Forest Edge Accountancy 2 Appletree Close Redlynch Salisbury Wiltshire SP5 2JG
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Shadow Foundr Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
96,995
158,710
Tangible assets
5
3,899
2,970
100,894
161,680
Current assets
Debtors
6
37,822
2,396
Cash at bank and in hand
127,053
126,887
164,875
129,283
Creditors: amounts falling due within one year
7
(65,983)
(213,819)
Net current assets/(liabilities)
98,892
(84,536)
Total assets less current liabilities
199,786
77,144
Creditors: amounts falling due after more than one year
8
(3,531)
(13,949)
Net assets
196,255
63,195
Capital and reserves
Called up share capital
635
600
Share premium
2,856,056
2,486,091
Profit and loss account
(2,660,436)
(2,423,496)
Shareholders' funds
196,255
63,195
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 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 16 October 2025 and were signed on its behalf by
Naz Craft Director Company Registration No. 09496687
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Shadow Foundr Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Shadow Foundr Ltd is a private company, limited by shares, registered in England and Wales, registration number 09496687. The registered office is 23-25 Montagu Street, London, London, W1H 7EZ, 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.
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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Turnover is recognised once a minimum threshold for the investment is reached.
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
25% Reducing Balance
Computer equipment
25% Reducing Balance
Intangible fixed assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Software - 10% on a straight line basis Development Costs - 20% on a straight line basis
Share Options
The company has granted share options. The options have been calculated using the Black-Scholes model which requires judgement in determining and assessing key assumptions and therefore results in some estimation uncertainty.
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Shadow Foundr Ltd Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Other
£
Cost
At 1 April 2024
805,589
At 31 March 2025
805,589
Amortisation
At 1 April 2024
646,879
Charge for the year
61,715
At 31 March 2025
708,594
Net book value
At 31 March 2025
96,995
At 31 March 2024
158,710
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
3,983
8,653
12,636
Additions
-
2,228
2,228
At 31 March 2025
3,983
10,881
14,864
Depreciation
At 1 April 2024
3,378
6,288
9,666
Charge for the year
151
1,148
1,299
At 31 March 2025
3,529
7,436
10,965
Net book value
At 31 March 2025
454
3,445
3,899
At 31 March 2024
605
2,365
2,970
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
33,322
-
Other debtors
4,500
2,396
37,822
2,396
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
11,275
10,162
Trade creditors
6,400
11,579
Taxes and social security
746
1,719
Other creditors
47,562
190,359
65,983
213,819
- 6 -
Shadow Foundr Ltd Notes to the Accounts for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
3,531
13,949
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).
- 7 -