Company No: 05965379 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

T Krim

REGISTERED OFFICE	Third Floor
	20 Old Bailey
	London
	EC4M 7AN
	United Kingdom

COMPANY NUMBER

05965379 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	4th Floor EQ Building
	111 Victoria Street
	Redcliffe
	Bristol
	BS1 6AX

	Note	2024		2023
		€		€
Fixed assets
Investments	4	644,030		634,030
		644,030		634,030
Current assets
Debtors	5	1,007,007		987,262
Investments	6	307,088		382,939
Cash at bank and in hand		2,474		2,130
		1,316,569		1,372,331
Creditors: amounts falling due within one year	7	( 13,194)		( 18,554)
Net current assets		1,303,375		1,353,777
Total assets less current liabilities		1,947,405		1,987,807
Net assets		1,947,405		1,987,807
Capital and reserves
Called-up share capital		1		1
Profit and loss account		1,947,404		1,987,806
Total shareholder's funds		1,947,405		1,987,807

For the financial 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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Utopeer Limited (registered number: 05965379) were approved and authorised for issue by the Director on 23 December 2025. They were signed on its behalf by:

T Krim Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Utopeer Limited (the Company) is a private company, limited by shares and incorporated in England and Wales. The registered office address is Third Floor, 20 Old Bailey, London, EC4M 7AN, United Kingdom, and the registered number is 05965379.

These financial statements were prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' as applied in the context of the small entities regime and the Companies Act (2006).

The functional and presentational currency of Utopeer Limited is Euros.

Going concern

The financial statements have been prepared on a going concern basis.

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and has concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Foreign currency

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Taxation

Current tax
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Trade and other debtors

Trade and other debtors are initially recognised at transaction price and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at transaction price and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Valuation of investments

Unlisted investments held as fixed assets are measured at cost less accumulated impairment.

Unlisted investments held as current assets are remeasured to market value at each Balance Sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2. Prior year adjustment

During the year, management determined that amounts relating to the fair value movement on current asset investments should be recognised as Income from other fixed asset investments rather than under administrative expenses. This has resulted in the following changes: Other operating income decreased by £13,053, Operating loss increased by £13,053 and Income from other fixed asset investments increased by £13,053. No other balances changed as a result of this reclassification.

3. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

4. Fixed asset investments

	Other investments		Total
	€		€
Cost or valuation before impairment
At 01 January 2024	634,030		634,030
Additions	10,000		10,000
At 31 December 2024	644,030		644,030
Carrying value at 31 December 2024	644,030		644,030
Carrying value at 31 December 2023	634,030		634,030

5. Debtors

	2024		2023
	€		€
Other debtors	1,007,007		987,262

During the year, management determined that the Other debtor related to a corporate loan is more appropriately demonstrated as an amount due in the less than one year. This has resulted in the following changes: Debtors - due after more than one year has decreased by £987,262 and Debtors has increased by £987,262. No other balances changed as a result of this reclassification.

6. Current asset investments

	2024		2023
	€		€
Available for sale investments	307,088		382,939

7. Creditors: amounts falling due within one year

	2024		2023
	€		€
Trade creditors	3,581		10,201
Accruals	9,613		8,353
	13,194		18,554

8. Related party transactions

During the year, the company paid the director €61,000 (2023 - €52,000) for generated online content. There was no outstanding balance at 31 December 2024 (2023 - no outstanding balance).