Registration number: 15477193

Underthreaded Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Underthreaded Ltd

Company Information

Directors

Liam Lombard Harry Lombard

Registered office

128 City Road London EC1V 2NX

Accountants

Julia Evans Accountants Ltd 79-81 Boslowick Road Falmouth Cornwall TR11 4QD

Underthreaded Ltd

(Registration number: 15477193)
Balance Sheet as at 28 February 2025

	Note	2025 £
Fixed assets
Intangible assets	4	2,134
Current assets
Debtors	5	312
Cash at bank and in hand		493
		805
Creditors: Amounts falling due within one year	6	(6,358)
Net current liabilities		(5,553)
Net liabilities		(3,419)
Capital and reserves
Called up share capital	7	200
Retained earnings		(3,619)
Shareholders' deficit		(3,419)

For the financial period ending 28 February 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 period 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.

Underthreaded Ltd

(Registration number: 15477193)
Balance Sheet as at 28 February 2025

Approved and authorised by the Board on 6 November 2025 and signed on its behalf by:
 

......................................... Liam Lombard Director

......................................... Harry Lombard Director

Underthreaded Ltd

Notes to the Unaudited Financial Statements for the Period from 9 February 2024 to 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
128 City Road
London
EC1V 2NX

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

The financial statements have been prepared on a going concern basis and assumed the continued support of the directors for 12 months from the date these accounts are approved.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

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 all 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. 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.

Underthreaded Ltd

Notes to the Unaudited Financial Statements for the Period from 9 February 2024 to 28 February 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Trade Mark	10 years straight line

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

Underthreaded Ltd

Notes to the Unaudited Financial Statements for the Period from 9 February 2024 to 28 February 2025

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
Additions acquired separately	2,371	2,371
At 28 February 2025	2,371	2,371
Amortisation
Amortisation charge	237	237
At 28 February 2025	237	237
Carrying amount
At 28 February 2025	2,134	2,134

5

Debtors

Current	2025 £
Prepayments	312
	312

6

Creditors

Creditors: amounts falling due within one year

	2025 £
Due within one year
Trade creditors	24
Accruals and deferred income	691
Other creditors	5,643
	6,358

Underthreaded Ltd

Notes to the Unaudited Financial Statements for the Period from 9 February 2024 to 28 February 2025

7	Share capital

Allotted, called up and fully paid shares

	2025
	No.	£
Ordinary shares of £1 each	200	200