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REASOON LIMITED

Registered Number
13839159
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2025

REASOON LIMITED
Company Information
for the year from 1 February 2024 to 31 January 2025

Director | LUO, Yi

Registered Address | Work.Life Holborn
| Red Lion Street
| London
| WC1R 4PS

Registered Number | 13839159 (England and Wales)

REASOON LIMITED
Balance Sheet as at
31 January 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Intangible assets | 3 |  |  | 121,668 |  |  |  | 90,499
Tangible assets | 4 |  |  | 13,264 |  |  |  | 12,751
|  |  |  | 134,932 |  |  |  | 103,250
Current assets |  |  |  |  |  |  |  |
Debtors | 5 | 278,203 |  |  |  | 115,360 |  |
Cash at bank and on hand |  | 1,039,666 |  |  |  | 2,059,613 |  |
|  | 1,317,869 |  |  |  | 2,174,973 |  |
Creditors amounts falling due within one year | 6 | (166,909) |  |  |  | (134,186) |  |
Net current assets (liabilities) |  |  |  | 1,150,960 |  |  |  | 2,040,787
Total assets less current liabilities |  |  |  | 1,285,892 |  |  |  | 2,144,037
Net assets |  |  |  | 1,285,892 |  |  |  | 2,144,037
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 11 |  |  |  | 11
Share premium |  |  |  | 3,191,337 |  |  |  | 3,191,337
Revaluation reserve |  |  |  | 83,418 |  |  |  | -
Other reserves |  |  |  | 99,421 |  |  |  | -
Profit and loss account |  |  |  | (2,088,295) |  |  |  | (1,047,311)
Shareholders' funds |  |  |  | 1,285,892 |  |  |  | 2,144,037

- 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 Director acknowledges 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 Director on 11 November 2025, and are signed on its behalf by:
LUO, Yi Director Registered Company No. 13839159

REASOON LIMITED
Notes to the Financial Statements
for the year 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.

| Judgements and key sources of estimation uncertainty
--- | ---
| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below. Fair value of intangible assets - the year end fair value of the cryptocurrency included within intangible assets of £121,668 is deemed to be a reasonable estimate for the residual value. As the residual value exceeds the original cost of the asset, therefore no amortisation has been charged. The revaluation of cryptocurrency assets, included within intangible assets is being recognised in Other Comprehensive Income during the year of £98,365.

| 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.

| Defined contribution pension plan
--- | ---
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

| 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.

| Intangible assets
--- | ---
| Cryptocurrency assets are classified as intangible assets and are initially measured at cost. Subsequently, they are revalued at fair value at each reporting date, with gains or losses arising from changes in fair value recognised in other comprehensive income, in the revaluation reserve. Fair value is determined using observable market prices, given that an active market now exists across many digital exchanges. Intangible fixed assets are stated at valuation less amortisation, the useful economic life of cryptocurrency assets is considered to be 10 years. Gains or losses on disposal of cryptocurrency assets are recognised in the profit and loss.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

|  | Straight line (years)
| Office Equipment | 3

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 9 |  | 5

3. | Intangible assets
--- | ---
| As at 31st January 2025, the historical cost of these intangibles was £38,250 (2024: £56,500).

|  | Other |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 February 24 | 90,499 |  | 90,499
| Revaluations | 64,366 |  | 64,366
| Disposals | (33,197) |  | (33,197)
| At 31 January 25 | 121,668 |  | 121,668
| Net book value
| At 31 January 25 | 121,668 |  | 121,668
| At 31 January 24 | 90,499 |  | 90,499

4. | Tangible fixed assets
--- | ---

|  | Office Equipment |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 February 24 | 20,550 |  | 20,550
| Additions | 9,328 |  | 9,328
| Disposals | (2,008) |  | (2,008)
| At 31 January 25 | 27,870 |  | 27,870
| Depreciation and impairment
| At 01 February 24 | 7,799 |  | 7,799
| Charge for year | 7,885 |  | 7,885
| On disposals | (1,078) |  | (1,078)
| At 31 January 25 | 14,606 |  | 14,606
| Net book value
| At 31 January 25 | 13,264 |  | 13,264
| At 31 January 24 | 12,751 |  | 12,751

5. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 198,482 |  | -
| Other debtors | 16,396 |  | 110,671
| Prepayments and accrued income | 63,325 |  | 4,689
| Total | 278,203 |  | 115,360

6. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 6,854 |  | 6,979
| Taxation and social security | 25,403 |  | 16,977
| Other creditors | 110,602 |  | 101,480
| Accrued liabilities and deferred income | 24,050 |  | 8,750
| Total | 166,909 |  | 134,186

| At the balance sheet date, the Company owed £99,498 (2024: £99,992) to the Director and this amount is included within Other creditors. The loan is unsecured, interest free and repayable on demand.

7. | Operating lease commitments
--- | ---
| At 31 January 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £6,000 which is payable within the next 12 months.

8. | Further information regarding the company's financial position
--- | ---
| Included in Other Reserves are Simple Agreement for Advanced Subscription Agreements (‘ASA’s’) totaling £99,421. The ASA’s are expected to convert to equity at a future date.