COMPANY REGISTRATION NUMBER:
10055492
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
|
STATEMENT OF FINANCIAL POSITION |
|
31 March 2025
|
2025 |
2024 |
|
Note |
£ |
£ |
|
Creditors: amounts falling due within one year |
4 |
708,060 |
683,189 |
|
--------- |
--------- |
|
Net current liabilities |
708,060 |
683,189 |
|
--------- |
--------- |
|
Total assets less current liabilities |
(
708,060) |
(
683,189) |
|
--------- |
--------- |
|
Net liabilities |
(
708,060) |
(
683,189) |
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
5 |
1,000 |
1,000 |
|
Profit and loss account |
(
709,060) |
(
684,189) |
|
--------- |
--------- |
|
Shareholders deficit |
(
708,060) |
(
683,189) |
|
--------- |
--------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
22 October 2025
, and are signed on behalf of the board by:
Company registration number:
10055492
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 MARCH 2025
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 64 Baker Street, London, W1U 7GB, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis. In reaching this decision, ultimate controlling party, inQuba Customer Intelligence (Pty) Limited has taken into account the continuing support required and is prepared to support the Company itself, until such a time as profits are made. The period of this review is limited to one year from the date of approval of these financial statements.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
708,060 |
682,331 |
|
Other creditors |
– |
858 |
|
--------- |
--------- |
|
708,060 |
683,189 |
|
--------- |
--------- |
|
|
|
5.
Called up share capital
Issued, called up and fully paid
|
2025 |
2024 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 0.10 each |
10,000 |
1,000 |
10,000 |
1,000 |
|
-------- |
------- |
-------- |
------- |
|
|
|
|
|
6.
Related party transactions
The company had an outstanding loan balance of £708,606.08 (2024: £682,331) owing to its parent company, inQuba Group Holding Company Ltd, as at the balance sheet date. The loan is interest-free, unsecured, and is repayable on demand. No other related party transactions requiring disclosure occurred during the year.
7.
Controlling party
As at the balance sheet date, the parent company of InQuba Europe Limited was InQuba Group Holding Company Limited. The company was under the control of various entities through a shareholders agreement and as such no one party has ultimate control.