REGISTERED NUMBER: 10736268 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

ELEMENDAR LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

G Georgopoulos

G S Marshall

Registered office:

86-90 3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

10736268 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

2,030

4,354

Current assets

Debtors

5

37,667

371,440

Cash at bank

91,175

581,641

128,842

953,081

Creditors

Amounts falling due within one year

6

28,599

81,448

Net current assets

100,243

871,633

Total assets less current liabilities

102,273

875,987

Capital and reserves

Called up share capital

7

159

149

Share premium

1,009,235

1,009,243

Retained earnings

(907,121

)

(133,405

)

Shareholders' funds

102,273

875,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

G S Marshall - Director

1.	Statutory information

Elemendar 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

The financial statements have been prepared on the going concern basis. The company incurred losses during the year, however the directors believe that the company has sufficient financial resources to be able to meet its obligations, if and when, they become due and that the company can continue in operational existence for a period of at least 12 months from the balance sheet date. On this basis, the directors are of the opinion that they should continue to adopt the going concern basis in preparing the annual financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue recognition

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Government grants

Other operating income includes grant income received. A grant that does not impose specified future performance related conditions is recognised in other income when the grant proceeds are received or receivable. In the case of performance-related grants, income is recognised only when the performance related conditions are satisfied.

Taxation

Taxation for the year comprises of current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 6 (2024 - 10 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 April 2024

14,476

Additions

1,301

Disposals

(5,390

)

At 31 March 2025

10,387

Depreciation

At 1 April 2024

10,122

Charge for year

3,625

Eliminated on disposal

(5,390

)

At 31 March 2025

8,357

Net book value

At 31 March 2025

2,030

At 31 March 2024

4,354

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

30,000

189,363

Other debtors

7,667

182,077

37,667

371,440

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

12,255

13,254

Taxation and social security

14,786

63,836

Other creditors

1,558

4,358

28,599

81,448

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

111,100

Ordinary

£0.001p

111

149

43,207

Ordinary A

£0.001p

43

-

4,711

Ordinary B

£0.001p

5

-

159

149

151 Ordinary B shares of £0.001p each were allotted as fully paid at a premium of £0.009 per share during the year.

8.	Pension commitments

The company operates a defined contribution 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 £4,875 (2024: £4,373). Contributions totalling £997 (2024: £1,089) were payable to the fund at the reporting date and are included in creditors.

9.	Ultimate controlling party

The directors are of the opinion that there is no ultimate controlling party.