Sidecar Ventures Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Sidecar Ventures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10986140 . The registered office is Castle House, Castle Street, Guildford, GU1 3UW.

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. 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 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.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are website, it is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	33% on cost
Computer Equipment	33% on cost

2.5. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. 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.

Page 3

Page 4

Sidecar Ventures Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Taxation

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

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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	5,412

As at 31 March 2025	5,412

Amortisation
As at 1 April 2024	2,723
Provided during the period	541

As at 31 March 2025	3,264

Net Book Value
As at 31 March 2025	2,148

As at 1 April 2024	2,689

Page 4

Page 5

Sidecar Ventures Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	1,708	1,780	3,488
Additions	-	623	623

As at 31 March 2025	1,708	2,403	4,111

Depreciation
As at 1 April 2024	552	1,504	2,056
Provided during the period	570	312	882

As at 31 March 2025	1,122	1,816	2,938

Net Book Value
As at 31 March 2025	586	587	1,173

As at 1 April 2024	1,156	276	1,432

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	51,387	-
Other debtors	25,400	13,282

	76,787	13,282

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	992	7,834
Other creditors	-	258
Taxation and social security	71,724	8,335

	72,716	16,427

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

Page 5

Page 6

Sidecar Ventures Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	4,355	5,807
Later than one year and not later than five years	-	4,355

	4,355	10,162

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Amory Poulden	1,445	15,680	-	-	17,125

The above loan is unsecured, interest free and repayable on demand.

11. Related Party Transactions

During the year, dividends of £24,174 (2024: £12,750) were paid to the director. In addition, dividends amounting to £23,226 (2024: £12,250) were paid to other shareholders of the company.

During the year ended 31 March 2025, the company made sales to a related party, Opportunity DA1 Limited, a company where Amory Poulden, a director of Sidecar Ventures Ltd , is also a director.

Total sales to the related party amounted to £18,385 (2024: £nil ). These transactions were conducted on arm's length basis and on normal commercial terms.

During the year ended 31 March 2025, the company made sales to a related party, WMIL Group Limited, a company where Amory Poulden, a director of Sidecar Ventures Ltd, is also a director.

Total sales to the related party amounted to £36,000 (2024: £14,710 ). These transactions were conducted on an arm’s length basis and on normal commercial terms.

As of 31 March 2025, the balance owed from the related party was nil.

12. Controlling Party

The company's controlling party is Mr A Poulden by virtue of his ownership of 51% of the issued share capital in the company.

Page 6

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		2,148		2,689
Tangible Assets	5		1,173		1,432

			3,321		4,121
CURRENT ASSETS
Debtors	6	76,787		13,282
Cash at bank and in hand		83,833		11,901

		160,620		25,183
Creditors: Amounts Falling Due Within One Year	7	(72,716 )		(16,427 )

NET CURRENT ASSETS (LIABILITIES)			87,904		8,756

TOTAL ASSETS LESS CURRENT LIABILITIES			91,225		12,877

PROVISIONS FOR LIABILITIES
Deferred Taxation			(830 )		(358 )

NET ASSETS			90,395		12,519

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			90,295		12,419

SHAREHOLDERS' FUNDS			90,395		12,519