Legal Nodes Ltd

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

Registered number: 11668206

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		821		-

			821		-
CURRENT ASSETS
Debtors	5	42,236		16,331
Cash at bank and in hand		174,825		77,894

		217,061		94,225
Creditors: Amounts Falling Due Within One Year	6	(559,360 )		(471,871 )

NET CURRENT ASSETS (LIABILITIES)			(342,299 )		(377,646 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(341,478 )		(377,646 )

NET LIABILITIES			(341,478 )		(377,646 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(341,578 )		(377,746 )

SHAREHOLDERS' FUNDS			(341,478)		(377,646)

For the year ending 30 November 2024 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms Margaryta Sivakova

Director

7 November 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Legal Nodes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11668206 . The registered office is Office 2, Bennet's House, 21 Leyton Road, Harpenden, Hertfordshire, AL5 2HU.

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. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate due to continued support of investors in the form of convertible loans.

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

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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.

2.4. 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:

Computer Equipment

4yrs SL

2.5. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 3)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 December 2023	-
Additions	916

As at 30 November 2024	916

...CONTINUED

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Legal Nodes Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

Depreciation
As at 1 December 2023	-
Provided during the period	95

As at 30 November 2024	95

Net Book Value
As at 30 November 2024	821

As at 1 December 2023	-

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	41,515	16,231
Prepayments and accrued income	621	-
Called up share capital not paid	100	100

	42,236	16,331

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1,359	4,088
Other taxes and social security	-	52
VAT	4,180	4,105
Other creditors	553,821	463,626

	559,360	471,871

Included within the other creditors are:

a. £84,048.74 on convertible investment received (inclusive of accrued interest) which has yet to convert into equity (2023:£72,421.60). This convertible loan matured on 10 September 2023, bearing interest at 5% per annum, payable in cash upon redemption or, if converted, capitalised and settled in shares at the time of conversion.

This loan is convertible into ordinary shares of the company upon the occurrence of a Qualified Financing event, defined as a fundraising of at least USD $250,000, or at the discretion of the noteholders after the maturity date. As at the reporting date, no qualifying conversion event has occurred, and the loan remains outstanding.

b. £469,772.44 on Advanced Subscription Agreements (2023:£391,204).

7. Share Capital

	2024	2023
	£	£
Called Up Share Capital not Paid	100	100

Amount of Allotted, Called Up Share Capital	100	100

8. Reserves

9. Ultimate Controlling Party

The company's ultimate controlling party is the directors by virtue of their ownership of 66% of the issued share capital in the company.

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