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Company No: 10745280 (England and Wales)

# INDIE GLOBAL LTD

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

INDIE GLOBAL LTD

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

INDIE GLOBAL LTD

## COMPANY INFORMATION

For the financial year ended 30 April 2025
INDIE GLOBAL LTD

## COMPANY INFORMATION (continued)

For the financial year ended 30 April 2025

DIRECTOR | Paolo Torchetti

REGISTERED OFFICE | 22 Chancery Lane
| London
| WC2A 1LS
| United Kingdom

COMPANY NUMBER | 10745280 (England and Wales)

INDIE GLOBAL LTD

## BALANCE SHEET

As at 30 April 2025
INDIE GLOBAL LTD

## BALANCE SHEET (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,725 |  | 2,301
|  | 1,725 |  | 2,301
Current assets |  |  |  |
Debtors | 4 | 1,374 |  | 2,828
Cash at bank and in hand |  | 534,550 |  | 713,390
|  | 535,924 |  | 716,218
Creditors: amounts falling due within one year | 5 | ( 32,686) |  | ( 15,727)
Net current assets |  | 503,238 |  | 700,491
Total assets less current liabilities |  | 504,963 |  | 702,792
Net assets |  | 504,963 |  | 702,792
Capital and reserves |  |  |  |
Called-up share capital |  | 10 |  | 10
Profit and loss account |  | 504,953 |  | 702,782
Total shareholders' funds |  | 504,963 |  | 702,792

For the financial year ending 30 April 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 members have 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 Profit and Loss Account has not been delivered.

The financial statements of Indie Global Ltd (registered number: 10745280) were approved and authorised for issue by the Director on 05 June 2026. They were signed on its behalf by:

Paolo Torchetti Director |

INDIE GLOBAL LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
INDIE GLOBAL LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 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 year, unless otherwise stated.

##### General information and basis of accounting

The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
22 Chancery Lane
London
WC2A 1LS
**Statement of compliance**
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
**Basis of preparation**
The financial statements have been prepared under the historical cost convention.

##### Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

##### Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

##### Tangible fixed assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Plant and machinery etc. | 25 % reducing balance

Depreciation is charged so as to write off the cost of assets over their estimated useful lives.

##### Trade and other debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

##### Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

##### Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

##### Ordinary share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

##### Dividends

Final dividends are recognised as a liability in the financial statements in the reporting period in which they are approved by the shareholders. Interim dividends are recognised in the reporting period in which they are paid.

##### Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including the director | 3 |  | 3

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 May 2024 | 6,095 |  | 6,095
At 30 April 2025 | 6,095 |  | 6,095
Accumulated depreciation |  |  |
At 01 May 2024 | 3,794 |  | 3,794
Charge for the financial year | 576 |  | 576
At 30 April 2025 | 4,370 |  | 4,370
Net book value |  |  |
At 30 April 2025 | 1,725 |  | 1,725
At 30 April 2024 | 2,301 |  | 2,301

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Other taxation and social security | 1,374 |  | 2,828

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

| 2025 |  | 2024
| £ |  | £
Trade creditors | 1,080 |  | 14,400
Amounts owed to related parties (note 6) | 26,004 |  | 0
Other taxation and social security | 1,602 |  | 1,327
Other creditors | 4,000 |  | 0
| 32,686 |  | 15,727

#### 6. Related party transactions

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Amounts owed to related parties | 26,004 |  | 0

At the balance sheet date, Indie Global Ltd owed £26,004 (2024 - nil) to Changee S.R.L., a company under common control. The amount is interest free and repayable on demand.