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Registered number: 03315046
Interactuality Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Ripe LLP
9a Burroughs Gardens
London
NW4 4AU
Interactuality Limited
Contents
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Interactuality Limited
Company Information
For The Year Ended 31 December 2024
Company Information
Director Mr P R Rosen
Secretary Mr P R Rosen
Company Number 03315046
Registered Office 9a Burroughs Gardens
London
NW4 4AU
Accountants Ripe LLP
Chartered Accountants
9a Burroughs Gardens
London
NW4 4AU
Page 1
Page 2
Interactuality Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 03315046
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 5 1,250 1,250
1,250 1,250
CURRENT ASSETS
Cash at bank and in hand 1,997 2,008
1,997 2,008
Creditors: Amounts Falling Due Within One Year 6 (693 ) (693 )
NET CURRENT ASSETS (LIABILITIES) 1,304 1,315
TOTAL ASSETS LESS CURRENT LIABILITIES 2,554 2,565
Creditors: Amounts Falling Due After More Than One Year 7 (352,275 ) (339,610 )
NET LIABILITIES (349,721 ) (337,045 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (349,821 ) (337,145 )
SHAREHOLDERS' FUNDS (349,721) (337,045)
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Interactuality Limited
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P R Rosen
Director
12/12/2025
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Interactuality Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Interactuality Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03315046 . The registered office is 9a Burroughs Gardens, London, NW4 4AU.
The principal place of business is 21 Hadley Heights, Hadley Road Barnet EN5 5QH.
2. Statement of Compliance
The financial statements have been prepared in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from this standard.
3. Accounting Policies
3.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention.
The financial statements are presented in Sterling (£) and figures shown to the nearest whole pound.
3.2. Going Concern Disclosure
The company meets its day to day working capital requirements through a loan from each of the directors, who have agreed to provide continued financial support of the company for the foreseeable future and will not demand repayment of their loans without first giving twelve months notice. The loans have no fixed term, however interest is payable on the outstanding loan balance at a rate of base rate plus 3%. On this basis, the directors consider it is appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from withdrawal of the director's financial support.
3.3. Significant judgements and estimations
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
3.4. Intangible Fixed Assets and Amortisation - Other Intangible
Development costs are capitalised to extent that they relate to clearly defined projects the cost of which, with reasonable certainty, are predicted to be exceeded by future revenues. These costs are amortised once associated revenues are generated, or as soon as it is recognised that they are irrecoverable.
3.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.`
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Interactuality Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
3.6.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
4. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
5. Intangible Assets
Internally generated software development costs
£
Cost
As at 1 January 2024 106,190
As at 31 December 2024 106,190
Amortisation
As at 1 January 2024 104,940
As at 31 December 2024 104,940
Net Book Value
As at 31 December 2024 1,250
As at 1 January 2024 1,250
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 693 693
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 352,275 339,610
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Interactuality Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
9. Related Party Disclosures
MR P Rosen
Included in creditors amounts falling due after more than one year, is £114,885 (2023 : £113,777) due to Mr P Rosen, director and shareholder of the company. Interest is charged on this balance at base rate plus 3% per annum.
Mr C Talbot
Included in creditors amounts falling due after more than one year, is £34,232 (2023 : £34,232) due to Mr C Talbot, director and shareholder of the company. Interest is charged on this balance at base rate plus 3% per annum.
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