REGISTERED NUMBER: 12714211 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TYCHETOOLS GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K A Dubin Wiedman

J M Moya Fernandez

R L Noach

M H de Falck Metelits

C L Chu

J Rosato

B M Abdinor-Reimer

REGISTERED OFFICE:

7a Abbey Business Park

Monks Walk

Farnham

Surrey

GU9 8HT

REGISTERED NUMBER:

12714211 (England and Wales)

FIXED ASSETS

Intangible assets

4

444,710

813,571

Investments

5

1,068,677

668,677

1,513,387

1,482,248

CURRENT ASSETS

Debtors

6

1,198,936

739,220

Cash at bank and in hand

60,979

14,286

1,259,915

753,506

CREDITORS

Amounts falling due within one year

7

11,307

413,495

NET CURRENT ASSETS

1,248,608

340,011

TOTAL ASSETS LESS CURRENT LIABILITIES

2,761,995

1,822,259

CAPITAL AND RESERVES

Called up share capital

1,448,670

514,031

Share premium

2,894,340

2,527,525

Capital redemption reserve

29,053

-

Retained earnings

(1,610,068

)

(1,219,297

)

2,761,995

1,822,259

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 December 2025 and were signed on its behalf by:

M H de Falck Metelits - Director

1.	STATUTORY INFORMATION

Tychetools Group Ltd 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of 5 years.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.

Current tax assets and liabilities are not discounted and are 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

1,824,914

AMORTISATION

At 1 January 2024

1,011,343

Charge for year

368,861

At 31 December 2024

1,380,204

NET BOOK VALUE

At 31 December 2024

444,710

At 31 December 2023

813,571

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

668,677

Additions

400,000

At 31 December 2024

1,068,677

NET BOOK VALUE

At 31 December 2024

1,068,677

At 31 December 2023

668,677

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

1,190,552

687,869

Other debtors

4,324

51,351

Prepayments and accrued income

4,060

-

1,198,936

739,220

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

3,223

2,721

Social security and other taxes

-

106

Directors' loan accounts

7,334

245,208

Accruals and deferred income

750

165,460

11,307

413,495

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2024, the directors had loaned the company £7,334 (2023 - £245,208 due to the directors). This was the maximum amount owed during the year and is repayable on demand, no interest was charged on the loan.

9.	RELATED PARTY DISCLOSURES

During the year, the company entered into transactions with its related parties, which are members of the same group:

Amounts owed by related parties at the end of the period:

Tychetools S.L.U - £1,052,276 (2023 - £549,593)

These amount is unsecured and repayable on demand. Interest is charged on the outstanding balance at a rate of 3.25% per annum.

No guarantees have been given or received. No expenses have been recognised during the current or previous financial year for bad or doubtful debts in respect of the amounts owed by or to related parties.

10.	SUBSEQUENT EVENTS

Subsequent to the year end, the related party, Tychetools S.L.U, has ceased trading and has entered into insolvency proceedings. At 31 December 2024, the company held an investment in Tychetools S.L.U of £1,068,677 and was owed £1,052,276 by Tychetools S.L.U. These amounts were accurately stated at the balance sheet date and, at that time, Tychetools S.L.U was expected to continue trading.

The cessation of trade and insolvency represent a non-adjusting event after the reporting date, as defined by Section 32 of FRS 102. Accordingly, no adjustments have been made to the amounts recognised in these financial statements for the year ended 31 December 2024. It is expected that the investment and receivable will not be recoverable in future periods.

11.	DEFERRED TAX ASSET

No deferred tax asset has been recognised in these financial statements in respect of tax losses. This is due to the uncertainty as to when the asset will be recovered, which will depend upon the company's future taxable profits. There are tax losses carried forward of approximately £1,680,000 (2023 - £1,655,000), which if provided for would result in a deferred tax asset of approximately £319,000 (2023 - £314,000).