CONVEYD LTD


Directors	COWLEY, Stephen Philip
	KULKARNI, Manasi Pramod


Registered Address	124 City Road
	London
	EC1V 2NX


Registered Number	15456762 (England and Wales)

Balance Sheet as at
31 January 2025

	Notes	2025
		£	£
Current assets
Debtors	3	2,578
Cash at bank and on hand		106,106
		108,684
Creditors amounts falling due within one year	4	(4,010)
Net current assets (liabilities)			104,674
Total assets less current liabilities			104,674
Net assets			104,674
Capital and reserves
Other reserves			138,500
Profit and loss account			(33,826)
Shareholders' funds			104,674

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 financial statements were approved and authorised for issue by the Board of Directors on 31 October 2025, and are signed on its behalf by:

KULKARNI, Manasi Pramod
Director
Registered Company No. 15456762

CONVEYD LTD

Notes to the Financial Statements
for the period ended 31 January 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.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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 rendering of services.

	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.

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.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

2.	Average number of employees


		2025
	Average number of employees during the year	0

3.	Debtors: amounts due within one year

		2025
		£
	Prepayments and accrued income	2,578
	Total	2,578

4.	Creditors: amounts due within one year

		2025
		£
	Other creditors	3,976
	Accrued liabilities and deferred income	34
	Total	4,010


	At the balance sheet date, the Company owed £3,976 to two Directors and this amount is included within other creditors. The loans are unsecured, interest free and repayable on demand.

5.	Events after reporting date
	After the year end, following a funding round, all of the ASA's as disclosed in note 5 converted into share capital and the company received £2,866,490 in cash and issued the following shares: 27 June 2025 - 2,469 Ordinary shares - Total paid £10,000 11 July 2025 - 4,571 Ordinary B shares - Total paid £18,500 11 July 2025 - 61,865 Ordinary shares - Total paid £50,000 8 August 2025 - 38,093 Ordinary shares - Total paid £113,000 22 October 2025 - 300,894 Seed shares - Total paid £2,219,996 22 October 2025 - 79,662 Ordinary shares - Total paid £379,995 23 October 2025 - 881 Ordinary shares - Total paid £6,500 26 October 2025 - 6,573 Seed shares - Total paid £48,499 27 October 2025 - 1,355 Ordinary share - Total paid £20,000

Events after reporting date

After the year end, following a funding round, all of the ASA's as disclosed in note 5 converted into share capital and the company received £2,866,490 in cash and issued the following shares:

June 2025 - 2,469 Ordinary shares - Total paid £10,000
July 2025 - 4,571 Ordinary B shares - Total paid £18,500
July 2025 - 61,865 Ordinary shares - Total paid £50,000
August 2025  - 38,093 Ordinary shares - Total paid £113,000
October 2025 - 300,894 Seed shares - Total paid £2,219,996
October 2025 - 79,662 Ordinary shares - Total paid £379,995
October 2025 - 881 Ordinary shares - Total paid £6,500
October 2025 - 6,573 Seed shares - Total paid £48,499
October 2025 - 1,355 Ordinary share - Total paid £20,000

6.	Further information regarding the company's financial position
	Included in Other Reserves are Advanced Subscription Agreements (ASA's) totalling £138,500. All of the ASA’s converted post year end by 22nd October 2025, as disclosed within note 5.