PrivacyCo Ltd
Unaudited Financial Statements
For Filing with Registrar
For the year ended 30 June 2025
Company Registration No. 09435976 (England and Wales)
PrivacyCo Ltd
Company Information
Director
A Argiolas
Company number
09435976
Registered office
16-16a Baldwins Gardens
Rh.302 The Record Hall
London
EC1N 7RJ
Accountants
Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
PrivacyCo Ltd
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
PrivacyCo Ltd
Balance Sheet
As at 30 June 2025
Page 1
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Intangible assets
3
4,343
10,858
Tangible assets
5
19,521
42,157
Current assets
Debtors
6
1,411,461
1,764,644
Cash at bank and in hand
2,689,608
2,399,557
4,101,069
4,164,201
Creditors: amounts falling due within one year
7
(1,154,344)
(1,115,864)
Net current assets
2,946,725
3,048,337
Total assets less current liabilities
2,970,589
3,101,352
Provisions for liabilities
8
(70,455)
(70,455)
Net assets
2,900,134
3,030,897
Capital and reserves
Called up share capital
9
1,565
1,565
Share premium account
149,400
149,400
Capital redemption reserve
35
35
Profit and loss reserves
2,749,134
2,879,897
Total equity
2,900,134
3,030,897

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

PrivacyCo Ltd
Balance Sheet (Continued)
As at 30 June 2025
Page 2
The financial statements were approved and signed by the director and authorised for issue on 8 March 2026
A Argiolas
Director
Company Registration No. 09435976
PrivacyCo Ltd
Notes to the Financial Statements
For the year ended 30 June 2025
Page 3
1
Accounting policies
Company information

PrivacyCo Ltd is a private company limited by shares domiciled & incorporated in England and Wales. The registered office is 16-16a Baldwins Gardens, Rh.302 The Record Hall, London, EC1N 7RJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The business continues to operate profitably and sufficient cash resources are available to cover liabilities as they fall due. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents commissions receivable for the provision of services net of VAT and trade discounts.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Domain name
5 Years Straight Line
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Over the term of the lease
Fixtures, fittings & equipment
4 Years Straight Line
Computer equipment
4 Years Straight Line
Motor vehicles
4 Years Straight Line
PrivacyCo Ltd
Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
1
Accounting policies
(Continued)
Page 4

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash at bank and in hand

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 current liabilities.

1.8
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.11
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

PrivacyCo Ltd
Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
1
Accounting policies
(Continued)
Page 5
1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.15
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 9 (2024: 20).

3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
(20,511)
(115,881)
Deferred tax
Origination and reversal of timing differences
(32,631)
-
0
Total tax credit
(53,142)
(115,881)
PrivacyCo Ltd
Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
Page 6
4
Intangible fixed assets
Domain name
£
Cost
At 1 July 2024 and 30 June 2025
55,610
Amortisation and impairment
At 1 July 2024
44,752
Amortisation charged for the year
6,515
At 30 June 2025
51,267
Carrying amount
At 30 June 2025
4,343
At 30 June 2024
10,858
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 July 2024 and 30 June 2025
70,455
127,111
197,566
Depreciation and impairment
At 1 July 2024 as restated
57,930
97,479
155,409
Depreciation charged in the year
9,394
13,242
22,636
At 30 June 2025
67,324
110,721
178,045
Carrying amount
At 30 June 2025
3,131
16,390
19,521
At 30 June 2024 as restated
12,525
29,632
42,157
PrivacyCo Ltd
Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
Page 7
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
5,618
18,518
Corporation tax recoverable
217,790
217,844
Other debtors
165,958
183,150
Prepayments and accrued income
595,974
969,548
985,340
1,389,060
Deferred tax asset
32,631
-
0
1,017,971
1,389,060
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
393,490
375,584
Total debtors
1,411,461
1,764,644
7
Creditors: amounts falling due within one year
2025
2024
as restated
£
£
Bank loans and overdrafts
-
0
13,136
Trade creditors
7,148
29,023
Other creditors
1,126,938
944,161
Accruals and deferred income
20,258
129,544
1,154,344
1,115,864

Other creditors includes pension payable of £771 (2024: £2,851).

8
Provisions for liabilities
2025
2024
£
£
Dilapidations provision
70,455
70,455
PrivacyCo Ltd
Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
Page 8
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
156,500
156,500
1,565
1,565
10
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
23,870
91,236
11
Related party transactions

Included within other debtors due after more than one year is an amount totalling £393,490 (2024: £375,584) which represents a loan made to a company under common control. Interest of £17,906 (2024: £29,677) has been earned in the year to 30 June 2025.

12
Prior period adjustment

Due to a miscalculation by a customer of commission payments, the 2023 and 2024 revenue, other creditor and taxation balances have been restated. The miscalculation in commission payments has led to a total corporation tax refund of £125,974 for 2023 and £91,790 for 2024. Amendments to 2023 have resulted in a decrease in net profit of £614,632 and a decrease in net assets of the same amount. Amendments to 2024 have resulted in a decrease in net profit of £119,009 and net assets of £733,640.

13
Controlling party

The ultimate controlling party is A Argiolas by virtue of his majority shareholding in the company.

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