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Registration number: 11702985

Semantic Audio Limited Unaudited Financial Statements for the Year Ended 30 April 2025
Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Semantic Audio Limited

Contents

Company Information | 1
Statement of Financial Position | 2
Notes to the Unaudited Financial Statements | 3 to 5

Semantic Audio Limited

Company Information

Directors | C D O Jillings S C Enderby R I Stables N G R Jillings A J Aftelak

Registered office | 130 Shaftesbury Avenue 2nd Floor London W1D 5AR

Accountants | Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Semantic Audio Limited

Statement of Financial Position as at 30 April 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Debtors | 5 | 1,354 | 1,338
Cash at bank and in hand |  | 41,686 | 4,165
|  | 43,040 | 5,503
Creditors: Amounts falling due within one year | 6 | (56,563) | (56,433)
Net liabilities |  | (13,523) | (50,930)
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Retained earnings |  | (14,523) | (51,930)
Shareholders' deficit |  | (13,523) | (50,930)

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Semantic Audio Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 22 January 2026 and signed on its behalf by:

.........................................

N G R Jillings

Director

Company registration number: 11702985

Semantic Audio Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5AR

The principal activity of the company is the acquisition, licencing and protection of intellectual property rights.

2 | Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company had a deficiency of assets at 30 April 2025 amounting to £13,523. At this date an amount of £50,911 included within creditors was bona vacantia. The company has not traded subsequent to 30 April 2025 and the directors are uncertain of future events. On that basis the financial statements have been prepared on a basis other than going concern.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.
The company recognises turnover from licence fees evenly over the period of the licence.

Intangible assets

Intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses. If there is an indication that there has been a significant change in amortisation rate or residual value of an asset, the amortisation of that asset is revised prospectively to reflect the new expectations.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Semantic Audio Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Asset class | Amortisation method and rate
Intellectual property rights | 20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company during the year, was 0 (2024 - 0).

4 | Intangible assets

| Intellectual property rights £
Cost or valuation
At 1 May 2024 | 50,000
Disposals | (50,000)
At 30 April 2025 | -
Amortisation
At 1 May 2024 | 50,000
Amortisation eliminated on disposals | (50,000)
At 30 April 2025 | -
Carrying amount
At 30 April 2025 | -

Semantic Audio Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

5 | Debtors

| 2025 £ | 2024 £
Other debtors | 1,354 | 1,338
| 1,354 | 1,338

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Trade creditors | 1,320 | 2,669
Other creditors | 55,243 | 53,764
| 56,563 | 56,433