REGISTERED NUMBER: 06212747 (England and Wales)

Accelerate Ventures Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

L W Danson

REGISTERED OFFICE:

Floor 5

40-42 Hatton Garden

London

EC1N 8EB

REGISTERED NUMBER:

06212747 (England and Wales)

FIXED ASSETS

Investments

4

3,817,717

2,417,679

CURRENT ASSETS

Debtors

5

4,464

-

Cash at bank

47,348

-

51,812

-

CREDITORS

Amounts falling due within one year

6

6,499,678

4,566,923

NET CURRENT LIABILITIES

(6,447,866

)

(4,566,923

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,630,149

)

(2,149,244

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

(2,630,150

)

(2,149,245

)

SHAREHOLDERS' FUNDS

(2,630,149

)

(2,149,244

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 December 2025 and were signed by:

L W Danson - Director

1.	STATUTORY INFORMATION

Accelerate Ventures 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.

Going Concern

At the year end the company reported net current liabilities of £2,630,149 (2023: £2,149,244) which gives rise to a going concern risk. Accordingly, the directors have prepared financial forecasts covering a period of 12 months from the date of approval of these financial statements in conjunction with a turnaround plan for the business. The financial forecasts show that the business remains reliant on the continued financial support from the company's ultimate controlling party. Accordingly, the ultimate controlling party pledges their continued financial support through a period of 12 months from the date of approval of these financial statements. The above factors have led the directors to conclude that the going concern basis remains appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investments

The company holds unlisted investments which are stated at cost and reviewed annually for indications of impairment. Any impairment losses arising are recognised through the income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

2,417,679

Additions

1,400,038

At 31 December 2024

3,817,717

NET BOOK VALUE

At 31 December 2024

3,817,717

At 31 December 2023

2,417,679

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

4,464

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

12,784

-

Other creditors

6,486,894

4,566,923

6,499,678

4,566,923

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

1

1

1

8.	RELATED PARTY DISCLOSURES

The company entered into transactions in the ordinary course of business with other companies under common control. All transactions were at market value. The balance due from and to companies under common control are shown as related party balances with the notes to these financial statements.

Other creditors includes an amount due to M Danson of £6,082,650 (2023 £4,403,611). All amounts are interest free, unsecured and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

M Danson was the ultimate controlling party through his 100% shareholding of the company at the year end date.