Cosmonauts Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10235753

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		230		460
Investments	5		59,151		59,151

			59,381		59,611
CURRENT ASSETS
Debtors	6	416,139		492,822
Cash at bank and in hand		228,969		1,281

		645,108		494,103
Creditors: Amounts Falling Due Within One Year	7	(766,453 )		(809,677 )

NET CURRENT ASSETS (LIABILITIES)			(121,345 )		(315,574 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(61,964 )		(255,963 )

Creditors: Amounts Falling Due After More Than One Year	8		(33,063 )		(40,901 )

NET LIABILITIES			(95,027 )		(296,864 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			(95,028 )		(296,865 )

SHAREHOLDERS' FUNDS			(95,027)		(296,864)

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Cosmonauts Ltd.

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Tihomir Karakashev

Director

29/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Cosmonauts Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 10235753 . The registered office is 212 New Kings Road, Fulham, London, SW6 4NZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and 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.

2.2. Going Concern Disclosure

Notwithstanding the deficit of assets at the balance sheet date these financial statements have been prepared on a going concern basis. Support has been provided by loans from the director who has indicated that this support will continue for the foreseeable future. The Director is confident that the company will be able to meet its budgets and will continue to be able to settle its ongoing liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33%

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 4)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	1,871

As at 31 December 2024	1,871

Depreciation
As at 1 January 2024	1,411
Provided during the period	230

As at 31 December 2024	1,641

...CONTINUED

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Cosmonauts Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	230

As at 1 January 2024	460

5. Investments

	Unlisted
	£
Cost
As at 1 January 2024	59,151

As at 31 December 2024	59,151

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	59,151

As at 1 January 2024	59,151

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	306,188	360,561
Prepayments and accrued income	102,921	125,231
Other debtors - Retainer Deposit	6,000	6,000
Other debtors 2 - Loan to Suditi	1,030	1,030

	416,139	492,822

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	300,528	383,807
Bank loans and overdrafts	5,101	5,100
Loan from Roberto Rivero	31,000	38,800
Loan from Laura	-	3,000
Other taxes and social security	5,558	18,604
VAT	17,681	42,361
Net wages	89	2,735
Unearned Revenue (Advance)	307,903	210,504
Other creditors Pensions Payable	436	859
Director's loan account	98,157	103,907

	766,453	809,677

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	33,063	40,901

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Cosmonauts Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

10. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans from directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Tihomir Karakashev	103,907	-	5,750	-	98,157

The above loan is unsecured, interest free and repayable on demand.

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