Company registration number: 13563037
Annual report and unaudited financial statements
for the year ended 31 August 2025
for
Futuristic Ltd
Pages for filing with the Registrar
Company registration number: 13563037
Futuristic Ltd
Balance sheet
as at 31 August 2025
2025 2024
Note £ £ £ £
Current assets
Debtors 5 1,406 -
Cash at bank and in hand 12,668 19,841
14,074 19,841
Creditors: amounts falling due within one
year 		6 (45,681) (39,276)
Net current liabilities (31,607) (19,435)
NET LIABILITIES (31,607) (19,435)
Capital and reserves
Called up share capital 110 110
Profit and loss account (31,717) (19,545)
TOTAL EQUITY (31,607) (19,435)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 August 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
Signed by:
Dr S Rejal, Director
21 May 2026
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Futuristic Ltd
Notes to the financial statements
for the year ended 31 August 2025
1 Company information
Futuristic Ltd is a private company registered in England and Wales. Its registered number is 13563037. The company is limited by shares. Its registered office is c/o Flat 11 Rivermill, 151 Grosvenor Road, London, SW1V 3JN.
2 Accounting policies
Basis of preparing the financial statements
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” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Computer equipment - 33.33% straight line
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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Futuristic Ltd
Notes to the financial statements - continued
for the year ended 31 August 2025
2 Accounting policies - continued
Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 September 2024 3,196
At 31 August 2025 3,196
Depreciation
At 1 September 2024 3,196
At 31 August 2025 3,196
Net book value
At 31 August 2025 -
At 31 August 2024 -
5 Debtors
2025 2024
£ £
Trade debtors 159 -
Taxation 1,247 -
1,406 -
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Futuristic Ltd
Notes to the financial statements - continued
for the year ended 31 August 2025
6 Creditors: amounts falling due within one year
2025 2024
£ £
Amounts owed to directors 3,240 31,501
Other creditors 3,023 1,620
Taxation - 6,155
VAT payable 39,418 -
45,681 39,276
7 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024.
2025 2024
£ £
Director
Balance outstanding at start of year (31,501) (13,518)
Amounts advanced 28,261 -
Amounts repaid - (17,983)
Balance outstanding at end of year (3,240) (31,501)
8 Trading loss of cyrptocurrency
During the financial year, the Company was the victim of a fraud that resulted in the complete loss of control and ownership of its cryptocurrency stocks held in its wallet. The trading loss of £109,208 has been reflected in these financial statements.
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