Registration number: NI641059

Outscape Trading Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Outscape Trading Ltd

(Registration number: NI641059)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	25,976	17,375
Current assets
Debtors	5	546,076	209,787
Cash at bank and in hand		132,203	310,503
		678,279	520,290
Creditors: Amounts falling due within one year	6	(704,252)	(537,662)
Net current liabilities		(25,973)	(17,372)
Net assets		3	3
Capital and reserves
Called up share capital	7	3	3
Shareholders' funds		3	3

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 October 2025 and signed on its behalf by:
 

......................................... Dr Caro-Lynne Ferris Company secretary and director

Outscape Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
The Stableyard
Barnett's Demesne
Belfast
BT9 5PB

The presentational currency is £ sterling and the level of rounding is to the nearest £.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Turnover

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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Outscape Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	20% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Outscape Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Computer equipment £	Total £
Cost or valuation
At 1 April 2024	25,213	25,213
Additions	14,106	14,106
At 31 March 2025	39,319	39,319
Depreciation
At 1 April 2024	7,838	7,838
Charge for the year	5,505	5,505
At 31 March 2025	13,343	13,343
Carrying amount
At 31 March 2025	25,976	25,976
At 31 March 2024	17,375	17,375

5

Debtors

Current	2025 £	2024 £
Trade debtors	240,955	112,425
Prepayments & accrued income	305,121	97,362
	546,076	209,787

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		8,862	1,497
Amounts owed to group undertakings	8	618,244	460,877
Taxation and social security		38,310	15,339
Accruals and deferred income		38,836	59,949
		704,252	537,662

Outscape Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	3	3	3	3

8	Related party transactions

Outscape Trading Ltd transferred £345,307 (2024: £354,677) to Outscape from profit. There was also a recharge of £274,260 (2024: £302,258) from Outscape to Outscape Trading Ltd. As at 31 March 2025 Outscape was owed £618,244 (2024: £460,877) from Outscape Trading Ltd.

9	Ultimate Controlling Party

The company's ultimate controlling party is Outscape (NI038105) by virtue of his ownership of 100% of the issued share capital in the company.

10	Consolidation of financial statements

The financial statements of Outscape Trading Ltd are incorporated into the consolidated financial statements of Outscape, the owner of 100% of the issued share capital of Outscape Trading Ltd.