Acorah Software Products - Accounts Production 16.8.310 false true 31 August 2024 1 September 2023 false 1 September 2024 31 May 2025 31 May 2025 12139817 Mr J S Belding Miss K Johnson Mr C Wright Miss K Johnson Tokenized Group Pty Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12139817 2024-08-31 12139817 2025-05-31 12139817 2024-09-01 2025-05-31 12139817 frs-core:CurrentFinancialInstruments 2025-05-31 12139817 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-05-31 12139817 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-01 2025-05-31 12139817 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-31 12139817 frs-core:ShareCapital 2025-05-31 12139817 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 12139817 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-05-31 12139817 frs-bus:FilletedAccounts 2024-09-01 2025-05-31 12139817 frs-bus:SmallEntities 2024-09-01 2025-05-31 12139817 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-05-31 12139817 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-05-31 12139817 1 2024-09-01 2025-05-31 12139817 frs-bus:Director1 2024-09-01 2025-05-31 12139817 frs-bus:Director2 2024-09-01 2025-05-31 12139817 frs-bus:Director3 2024-09-01 2025-05-31 12139817 frs-bus:CompanySecretary1 2024-09-01 2025-05-31 12139817 frs-countries:EnglandWales 2024-09-01 2025-05-31 12139817 2023-08-31 12139817 2024-08-31 12139817 2023-09-01 2024-08-31 12139817 frs-core:CurrentFinancialInstruments 2024-08-31 12139817 frs-core:ShareCapital 2024-08-31 12139817 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Registered number: 12139817
Tokenized Ltd
Unaudited Financial Statements
For the Period 1 September 2024 to 31 May 2025
Base52 Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 12139817
31 May 2025 31 August 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 328,548
- 328,548
CURRENT ASSETS
Debtors 5 - 91,839
Cash at bank and in hand 839 4,839
839 96,678
Creditors: Amounts Falling Due Within One Year 6 (909,080 ) (942,549 )
NET CURRENT ASSETS (LIABILITIES) (908,241 ) (845,871 )
TOTAL ASSETS LESS CURRENT LIABILITIES (908,241 ) (517,323 )
NET LIABILITIES (908,241 ) (517,323 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (908,242 ) (517,324 )
SHAREHOLDERS' FUNDS (908,241) (517,323)
For the period ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 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
Miss K Johnson
Director
08/01/2026
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Tokenized Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12139817 . The registered office is Suite 9 30 Bancroft, Hitchin, SG5 1LE.
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. Research and Development
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and accumulated impairment losses.
2.3. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2024: 2)
- 2
Page 2
Page 3
4. Intangible Assets
Development Costs
£
Cost
As at 1 September 2024 328,548
As at 31 May 2025 328,548
Amortisation
As at 1 September 2024 -
Impairment losses 328,548
As at 31 May 2025 328,548
Net Book Value
As at 31 May 2025 -
As at 1 September 2024 328,548
5. Debtors
31 May 2025 31 August 2024
£ £
Due within one year
R&D Corporation tax relief - 31,600
Deferred tax current asset - 56,232
VAT - 996
Amounts owed by group undertakings - 3,011
- 91,839
6. Creditors: Amounts Falling Due Within One Year
31 May 2025 31 August 2024
£ £
Accruals and deferred income 2,550 9,474
Amounts owed to group undertakings 906,530 933,075
909,080 942,549
7. Share Capital
31 May 2025 31 August 2024
£ £
Allotted, Called up and fully paid 1 1
8. Related Party Transactions
The company is a wholly owned subsidiary of Tokenized Group Pty Limited.
The following are included within Other Creditors:
i) £327,987.50, owed to Tokenized Pty Ltd, another subsidiary within the Group
ii) £578,542.16 owed to Tokenized Group Pty Ltd, the parent company
The loans are interest free and repayable on demand.
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Page 4
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Tokenized Group Pty Limited . Tokenized Group Pty Limited was incorporated in Australia. Copies of the group accounts may be obtained from the secretary. The ultimate controlling party is Tokenized Group Pty Limited who controls 100% of the shares of Tokenized Ltd .
Page 4