Techblock Ltd

​Directors

J R A Meyer
M E Alebicto
B E Forster
A E Restrepo Celis (resigned 3 May 2023)

Accountants

Rosebay Avenue Limited
​​
28 Baddow Road​
​
​
Chelmsford​
​
CM2 0DG​

The Directors present​​ their​ report and the financial statements for the year ended 31 December 2024.

The Directors​ who served during the year:

J R A Meyer

M E Alebicto

B E Forster

A E Restrepo Celis  (resigned 3 May 2023)

This report was approved by the board and signed on its behalf:

Date: 16 December 2025 

In order to assist you to fulfil your duties under the Companies Act 2006, we​ have prepared for your approval​​ the financial statements of Techblock Ltd for the year ended 31 December 2024 which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm​​ of the Institute of Chartered Accountants in England and Wales, we are​​ subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation​.

It is your duty to ensure that Techblock Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Techblock Ltd. You consider that Techblock Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the financial statements of Techblock Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made to the board of Directors​ of Techblock Ltd, as a body​, in accordance with the terms of accountants' engagement letter dated 12 November 2025​. Accountants' work has been undertaken so that the we might compile the financial statements that we have been engaged to compile, report to the Company's board of Directors that we have done so​​ and state those matters that we​​ have agreed to state to them​​​​​ in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we​ do not accept or assume responsibility to anyone other than Techblock Ltd and its board of Directors, as a body, for accountants' work or for this report.

Rosebay Avenue Limited​

​

28 Baddow Road​​

Chelmsford

CM2 0DG​

16th December 2025​

For the year​ ending 31 December 2024, the Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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 Companies Act 2006 with respect to accounting records and the preparation of financial statements

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf:

Date: 16 December 2025 

The notes 9 on to 15 form part of these financial statements.

Techblock Ltd is a private company limited by shares and incorporated and registered in England and Wales. The Company's registered number is 14400234. The address of the registered office is Peer House 8-14 Verulam Street, 2nd Floor, London, WC1X 8LZ.

The Company was incorporated on 5 October 2022 and as such the prior year's reporting period covers from incorporation to 31 December 2023.

The Company's principal activity during the period was that of an information technology development company, and it is expected that the Company will continue to operate as such for the foreseeable future.

The financial statements have been prepared under the historic cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of ​Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's​ accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note 3.

The Company's functional and presentational currency is the Pound Sterling.

These financial statements are prepared on the going concern basis which the Directors consider to be appropriate for the reasons set out below.

The Company had net current assets of £1,100,397 (2023: £459,701) at the Statement of Financial Position date. In making their going concern assessment the Directors have considered the future financial performance and liquidity of the company for a period in excess of 12 months from the date of authorisation of these financial statements.

The Directors, having considered the above, are of the opinion that the company has adequate financial resources to continue in operational existence for at least 12 months from the date of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised.

Revenue from a contract to provide services is recognised in the period in which services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

The Company​​​ operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company​​​​ pays fixed contributions into a separate entity. Once the contributions have been paid the Company​​​​ has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown as accruals in the Statement of financial position. The assets of the scheme are held separately from the Company​​​​ in independently administered funds.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Tangible fixed assets are initially recognised at cost. Cost includes the purchase price and any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Subsequently, tangible fixed assets are measured using the cost model. Under the cost model, intangible assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

All tangible fixed assets are considered to have a finite useful life.

Depreciation is calculated to allocate the depreciable amount of tangible fixed assets to their residual values over their estimated useful lives on the following bases​:

If factors such as a change in how an asset is used, technological advancement, or changes in market prices indicate that the residual value or useful life of an asset has changed since the most recent balance sheet date, the Company reviews its previous estimates and, if current expectations differ, amends the residual value, amortisation method or useful life, accounting for this as a change in an accounting estimate.

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

In applying the accounting policies, the Directors are required to make judgments, estimates and assumptions affecting the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates and assumptions. 

An estimate or judgment may be considered critical if it involves matters that are highly uncertain or where different estimation methods could reasonably have been used, or if changes in the estimate that would have a material impact on the company's results are likely to occur from period to period. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £12,954 (2023: £14,448). Contributions totalling £7,988 (2023: £6,324) were payable to the fund at the reporting date and are included in other creditors.

The Company had no commitments under non‑cancellable operating leases at the reporting date.

Share capital

Share capital represents the nominal value of the shares issued.

This includes all current and prior period retained profits and losses.

The following transactions occurred with related parties during the period, all transactions are incurred at arms length.

There have been no significant events affecting the Company since the period end.