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Company No: 14672340 (England and Wales)

# IDEAONOMY LTD

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

IDEAONOMY LTD

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

IDEAONOMY LTD

## BALANCE SHEET

As at 31 March 2025
IDEAONOMY LTD

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 31.03.2025 |  | 31.03.2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 356,598 |  | 5,748
Tangible assets | 4 | 1,806 |  | 1,928
|  | 358,404 |  | 7,676
Current assets |  |  |  |
Debtors | 5 | 105,457 |  | 180,984
Cash at bank and in hand |  | 200,104 |  | 749
|  | 305,561 |  | 181,733
Creditors: amounts falling due within one year | 6 | ( 672,202) |  | ( 194,876)
Net current liabilities |  | (366,641) |  | (13,143)
Total assets less current liabilities |  | (8,237) |  | (5,467)
Net liabilities |  | ( 8,237) |  | ( 5,467)
Capital and reserves |  |  |  |
Called-up share capital | 7 | 100 |  | 100
Profit and loss account |  | ( 8,337 ) |  | ( 5,567 )
Total shareholder's deficit |  | ( 8,237) |  | ( 5,467)

For the financial year ending 31 March 2025 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 Income and Retained Earnings has not been delivered.

The financial statements of Ideaonomy Ltd (registered number: 14672340) were approved and authorised for issue by the Director on 19 March 2026. They were signed on its behalf by:

M S Hastings Director |

IDEAONOMY LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
IDEAONOMY LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 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 period, unless otherwise stated.

##### General information and basis of accounting

Ideaonomy Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 128 City Road, London, EC1V 2NX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Development costs | not amortised
Trademarks, patents and licences | 10 years straight line

###### Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Development costs are not yet being amortised because the asset had not been brought into use at the year end.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Computer equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### 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.

#### 2. Employees

| Year ended 31.03.2025 |  | Period from 18.02.2023 to 31.03.2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 3 |  | 3

#### 3. Intangible assets

| Development costs |  | Trademarks, patents and licences |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2024 | 0 |  | 6,150 |  | 6,150
Additions | 343,674 |  | 8,348 |  | 352,022
At 31 March 2025 | 343,674 |  | 14,498 |  | 358,172
Accumulated amortisation |  |  |  |  |
At 01 April 2024 | 0 |  | 402 |  | 402
Charge for the financial year | 0 |  | 1,172 |  | 1,172
At 31 March 2025 | 0 |  | 1,574 |  | 1,574
Net book value |  |  |  |  |
At 31 March 2025 | 343,674 |  | 12,924 |  | 356,598
At 31 March 2024 | 0 |  | 5,748 |  | 5,748

#### 4. Tangible assets

| Computer equipment |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 2,239 |  | 2,239
Additions | 937 |  | 937
At 31 March 2025 | 3,176 |  | 3,176
Accumulated depreciation |  |  |
At 01 April 2024 | 311 |  | 311
Charge for the financial year | 1,059 |  | 1,059
At 31 March 2025 | 1,370 |  | 1,370
Net book value |  |  |
At 31 March 2025 | 1,806 |  | 1,806
At 31 March 2024 | 1,928 |  | 1,928

#### 5. Debtors

| 31.03.2025 |  | 31.03.2024
| £ |  | £
Trade debtors | 39,000 |  | 180,000
Prepayments and accrued income | 15,552 |  | 984
VAT recoverable | 40,905 |  | 0
Other debtors | 10,000 |  | 0
| 105,457 |  | 180,984

#### 6. Creditors: amounts falling due within one year

| 31.03.2025 |  | 31.03.2024
| £ |  | £
Trade creditors | 233,528 |  | 32,055
Other taxation and social security | 9,205 |  | 19,728
Other creditors | 429,469 |  | 143,093
| 672,202 |  | 194,876

#### 7. Called-up share capital

| 31.03.2025 |  | 31.03.2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100