Antennaware Limited iXBRL

Antennaware Limited

Unaudited Financial Statements

for the financial year ended 31 March 2025

Antennaware Limited

Company Registration Number: NI675046

BALANCE SHEET

as at 31 March 2025

	2025	2024
	£	£


Fixed Assets	16,015	23,410
	─────────	─────────

Current assets	225,728	192,673
Prepayments and accrued income	4,775	2,432

Creditors: amounts falling due within one year	(1,274,119)	(757,595)
	─────────	─────────
Net Current Liabilities	(1,043,616)	(562,490)
	─────────	─────────

Total Assets less Current Liabilities	(1,027,601)	(539,080)

Accruals and deferred income	(9,136)	(8,559)
	─────────	─────────
Net Liabilities	(1,036,737)	(547,639)
	═════════	═════════

Capital and Reserves	(1,036,737)	(547,639)
	═════════	═════════

Notes to the Financial statements

General Information

Antennaware Limited is a private company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI675046. The registered office of the company is C/O Qubis Ltd, 63 University Road, Belfast, Co. Antrim, BT7 1NF, Northern Ireland which is also the principal place of business of the company.

The financial statements have been presented in Pound (£) which is also the functional currency of the company.

The financial statements cover the individual entity, Antennaware Limited for the financial year ended 31 March 2025.

Financial commitments and guarantees

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Pension contributions are charged to the profit and loss in the year that they occur. There is £1,172 owed to the fund at the 31 March 2025. This is included in Creditors: amounts falling due within one year.

Going concern

During the financial year ended 31st March 2025 the company had a net loss of £489,098. At that date it had negative reserves of £1,036,737. The company is currently in the development stage and requires significant investment to cover these costs. The company is in the process of securing investment and as such the accounts have been prepared on a going concern basis.


4.	Employees

	The average monthly number of employees, including directors, during the financial year was

		2025	2024
		Number	Number

	Directors	2	2
	Employees	5	4
		─────────	─────────
		7	6
		═════════	═════════

Convertible loan note

During the year ended 31st March 2025 the company issued £500,000 of unsecured convertible loan notes. At that date the amount of unsecured convertible loan notes in issue totals £1,250,000. These loan notes will convert into new equity shares pursuant to the terms of the agreement between the company and loan note holders.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

These financial statements have been prepared in accordance with the provisions available to micro-entities in Part 15 of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The company has taken advantage of the exemption under section 444 not to file the Directors' Report, Abridged Profit and Loss Account.

Approved by the Board on 8 December 2025 and signed on its behalf by:

________________________________

Gareth Conway

Director