IRIS Accounts Production v25.4.0.155 08821665 Board of Directors 1.4.24 31.3.25 31.3.25 0 0 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08821665 2024-03-31 08821665 2025-03-31 08821665 2024-04-01 2025-03-31 08821665 2023-03-31 08821665 2023-04-01 2024-03-31 08821665 2024-03-31 08821665 ns15:EnglandWales 2024-04-01 2025-03-31 08821665 ns14:PoundSterling 2024-04-01 2025-03-31 08821665 ns10:Director1 2024-04-01 2025-03-31 08821665 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08821665 ns10:SmallEntities 2024-04-01 2025-03-31 08821665 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08821665 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 08821665 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08821665 ns10:FullAccounts 2024-04-01 2025-03-31 08821665 1 2024-04-01 2025-03-31 08821665 ns10:Director2 2024-04-01 2025-03-31 08821665 ns10:RegisteredOffice 2024-04-01 2025-03-31 08821665 ns5:CurrentFinancialInstruments 2025-03-31 08821665 ns5:CurrentFinancialInstruments 2024-03-31 08821665 ns5:ShareCapital 2025-03-31 08821665 ns5:ShareCapital 2024-03-31 08821665 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 08821665 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 08821665 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 08821665 ns5:FurnitureFittings 2024-04-01 2025-03-31 08821665 ns5:ComputerEquipment 2024-04-01 2025-03-31 08821665 ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 08821665 ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 08821665 ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 08821665 ns5:FurnitureFittings 2024-03-31 08821665 ns5:ComputerEquipment 2024-03-31 08821665 ns5:FurnitureFittings 2025-03-31 08821665 ns5:ComputerEquipment 2025-03-31 08821665 ns5:FurnitureFittings 2024-03-31 08821665 ns5:ComputerEquipment 2024-03-31 08821665 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 08821665 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31

REGISTERED NUMBER: 08821665 (England and Wales)

PROXY VENTURES UK LIMITED

Financial Statements

for the Year Ended 31 March 2025

PROXY VENTURES UK LIMITED (REGISTERED NUMBER: 08821665) |

Contents of the Financial Statements

for the year ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| PROXY VENTURES UK LIMITED |

Company Information

for the year ended 31 March 2025

| Directors: | M K Bovellan

| A H Bovellan

| Registered office: | One Glass Wharf

| Bristol

| BS2 0ZX

| Registered number: | 08821665 (England and Wales)

| Accountants: | Cooper Parry Advisory Limited

| 3rd Floor

| 86 - 90 Paul Street

| London

| EC2A 4NE

PROXY VENTURES UK LIMITED (REGISTERED NUMBER: 08821665) |

Balance Sheet

31 March 2025

2025 | 2024 |

| Notes | £ | £

Fixed assets

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 2,148 |  | 372 |  |

2,148 |  | 372 |  |

Current assets

Debtors | 6 | 21,619 |  | 23,057 |  |

Cash at bank | 93,320 |  | 92,831 |  |

114,939 |  | 115,888 |  |

Creditors

Amounts falling due within one year | 7 | (72,215 | ) | (72,114 | ) |

Net current assets | 42,724 |  | 43,774 |  |

Total assets less current liabilities | 44,872 |  | 44,146 |  |

Capital and reserves

Called up share capital | 100 |  | 100 |  |

Retained earnings | 44,772 |  | 44,046 |  |

44,872 |  | 44,146 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

M K Bovellan - Director

PROXY VENTURES UK LIMITED (REGISTERED NUMBER: 08821665) |

Notes to the Financial Statements

for the year ended 31 March 2025

1. | Statutory information

| Proxy Ventures Uk Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | Accounting policies

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the provision services and is recognised at the point of invoice.

| Intangible assets

| Intangible assets relate to the creation of the company's website. It is amortised to the profit and loss account over its estimated economic life of 4 years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Fixtures and fittings | - | 20% on cost

| Computer equipment | - | 20% on cost

| Financial instruments

| Debtors and creditors which are due within one year are recorded at transaction price, less any impairment.

| Foreign currencies

| 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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Going concern

| These financial statements have been prepared on a going concern basis.

| The current economic conditions present increased risks for all businesses. In response to such conditions, the directors have carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

| Based on assessment, the directors considered that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations and external debt liabilities.

| In addition, the Company's assets are assessed for recoverability on a regular basis, and the directors considered that the Company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.

| The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the Company's ability to continue as a going concern. Thus the directors have continued to adopt the going concern basis of accounting in preparing these financial statements

3. | Employees and directors

| The average number of employees during the year was NIL (2024 - NIL).

PROXY VENTURES UK LIMITED (REGISTERED NUMBER: 08821665) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

4. | Intangible fixed assets

Development |

costs |

| £

| Cost

| At 1 April 2024

| and 31 March 2025 | 6,000 |  |

| Amortisation

| At 1 April 2024

| and 31 March 2025 | 6,000 |  |

| Net book value

| At 31 March 2025 | - |  |

| At 31 March 2024 | - |  |

5. | Tangible fixed assets

Fixtures |

and | Computer |

fittings | equipment | Totals |

| £ | £ | £

| Cost

| At 1 April 2024 | 5,719 |  | 18,905 |  | 24,624 |  |

| Additions | - |  | 2,645 |  | 2,645 |  |

| At 31 March 2025 | 5,719 |  | 21,550 |  | 27,269 |  |

| Depreciation

| At 1 April 2024 | 5,650 |  | 18,602 |  | 24,252 |  |

| Charge for year | 59 |  | 810 |  | 869 |  |

| At 31 March 2025 | 5,709 |  | 19,412 |  | 25,121 |  |

| Net book value

| At 31 March 2025 | 10 |  | 2,138 |  | 2,148 |  |

| At 31 March 2024 | 69 |  | 303 |  | 372 |  |

6. | Debtors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Trade debtors | 21,343 |  | 23,057 |  |

| Prepayments and accrued income | 276 |  | - |  |

21,619 |  | 23,057 |  |

7. | Creditors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Amounts owed to group undertakings | 70,000 |  | 69,899 |  |

| Directors' loan accounts | 2,215 |  | 2,215 |  |

72,215 |  | 72,114 |  |