Company Registration No. 11007628 (England and Wales)
Passby Technologies Limited
Unaudited accounts
for the year ended 31 December 2025
Passby Technologies Limited
Unaudited accounts
Contents
Passby Technologies Limited
Company Information
for the year ended 31 December 2025
Directors
Mr Sam Oliver Amrani
Grosvenor Corporate Services Limited
Company Number
11007628 (England and Wales)
Registered Office
71-75 Shelton Street
London
WC2H 9JQ
United Kingdom
Accountants
The Accountancy Cloud
Level 5a
Maple House
149 Tottenham Court Road
London
W1T 7NF
Passby Technologies Limited
Statement of financial position
as at 31 December 2025
Cash at bank and in hand
146,846
84,398
Creditors: amounts falling due within one year
(493,507)
(2,501,182)
Net current assets/(liabilities)
529,061
(1,856,464)
Net assets/(liabilities)
534,061
(1,856,464)
Called up share capital
52
52
Share premium
12,081,952
8,916,996
Profit and loss account
(11,547,943)
(10,773,512)
Shareholders' funds
534,061
(1,856,464)
For the year ending 31 December 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 29 May 2026 and were signed on its behalf by
Mr Sam Oliver Amrani
Director
Company Registration No. 11007628
Passby Technologies Limited
Notes to the Accounts
for the year ended 31 December 2025
Passby Technologies Limited is a private company, limited by shares, registered in England and Wales, registration number 11007628. The registered office is 71-75 Shelton Street, London, WC2H 9JQ, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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
5 Years
Computer equipment
3 Years
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Passby Technologies Limited
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
14,647
20,435
80,290
115,372
Disposals
(14,647)
(20,435)
(57,686)
(92,768)
At 31 December 2025
-
-
22,604
22,604
At 1 January 2025
14,647
20,435
80,290
115,372
On disposals
(14,647)
(20,435)
(57,686)
(92,768)
At 31 December 2025
-
-
22,604
22,604
At 31 December 2025
-
-
-
-
5
Investments
Subsidiary undertakings
Valuation at 1 January 2025
-
Valuation at 31 December 2025
5,000
Amounts falling due within one year
Trade debtors
261,002
361,704
Amounts due from group undertakings etc.
323,589
-
Accrued income and prepayments
188,915
173,291
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
19,021
-
Trade creditors
132,392
335,847
Taxes and social security
(94,596)
120,391
Other creditors
68,275
1,792,377
Deferred income
367,969
231,406
Passby Technologies Limited
Notes to the Accounts
for the year ended 31 December 2025
8
Transactions with related parties
1. A balance of £323,589 represents an outstanding amount due from Tamoco Limited (a wholly owned subsidiary), located at Ground Floor, 16 Columbus Walk, Brigantine Place, Cardiff, CF10 4BY. This balance is unsecured, interest-free, and is repayable on demand.
Since the year ended 31 December 2025, Tamoco Ltd has entered liquidation. This is expected to result in a significant impairment of the intercompany loan balance of £323,589, although some recovery may be achieved through the liquidation process. No adjustment has been made in these financial statements as the conditions leading to liquidation arose after the reporting date
2. At the balance sheet date, the company owed £60,038 to Soane Holdings Limited, an entity related by virtue of common directorship and control.
This balance arose from business and event-related expenses paid by the related party on behalf of the company. The balance has been formalised as a loan. It is unsecured, interest-free, and has no fixed date for repayment.
9
Average number of employees
During the year the average number of employees was 10 (2024: 10).