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Company Registration No. 11605442 (England and Wales)
Privasee Group Ltd Unaudited accounts for the year ended 31 October 2025
Privasee Group Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Privasee Group Ltd Company Information for the year ended 31 October 2025
Directors
Alex Franch Tapia Manuel Martínez Chamorro
Company Number
11605442 (England and Wales)
Registered Office
7 Bell Yard London WC2A 2JR England
Accountants
The Accountancy Cloud 1 Fore Street Avenue London EC2Y 9DT
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Privasee Group Ltd Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
6,665
3,833
Current assets
Debtors
5
24,437
28,265
Cash at bank and in hand
758,016
446,728
782,453
474,993
Creditors: amounts falling due within one year
6
(134,863)
(131,095)
Net current assets
647,590
343,898
Total assets less current liabilities
654,255
347,731
Creditors: amounts falling due after more than one year
7
(18,924)
(22,602)
Net assets
635,331
325,129
Capital and reserves
Called up share capital
1,320
1,236
Share premium
1,578,168
1,079,871
Profit and loss account
(944,157)
(755,978)
Shareholders' funds
635,331
325,129
For the year ending 31 October 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2026 and were signed on its behalf by
Alex Franch Tapia Director Company Registration No. 11605442
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Privasee Group Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Privasee Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11605442. The registered office is 7 Bell Yard, London, WC2A 2JR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on cost
Computer equipment
33.33% on cost
Going concern
The financial statements have been prepared on a going concern basis. The directors have prepared cash flow forecasts and projections for a period of at least twelve months from the date of approval of these financial statements. Based on these forecasts and the expected level of trading activity, the directors are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Government grants
Government grants are recognised when there is reasonable assurance that the Company will comply with the conditions attaching to them and that the grants will be received. Grants relating to revenue expenditure are recognised in profit or loss on a systematic basis over the periods in which the Company recognises the related costs, and are presented within other operating income. During the year the Company recognised £256,628 (2024: £0.00) in respect of an Innovate UK grant relating to research and development activities. The grant income is included within other operating income. At the reporting date there were no unfulfilled conditions or contingencies, and no deferred income was recognised.
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Privasee Group Ltd Notes to the Accounts for the year ended 31 October 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 November 2024
288
8,825
9,113
Additions
-
5,442
5,442
Disposals
-
919
919
At 31 October 2025
288
15,186
15,474
Depreciation
At 1 November 2024
106
5,174
5,280
Charge for the year
57
3,472
3,529
At 31 October 2025
163
8,646
8,809
Net book value
At 31 October 2025
125
6,540
6,665
At 31 October 2024
182
3,651
3,833
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
2,178
-
Trade debtors
15,556
23,685
Accrued income and prepayments
6,703
4,580
24,437
28,265
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
5,484
4,850
VAT
-
4,163
Trade creditors
15,356
12,796
Taxes and social security
16,404
13,563
Other creditors
-
8,433
Loans from directors
121
(177)
Accruals
4,513
525
Deferred income
92,985
86,942
134,863
131,095
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
18,924
22,602
8
Average number of employees
During the year the average number of employees was 7 (2024: 6).
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