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Registered Number: 15989703
England and Wales

 

 

 

HULESS LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2024

End date: 31 October 2025

Huless Ltd
Contents Page
For the Period 01 October 2024 to 31 October 2025
Directors Taras Semeniuk
Vadym Burukin
Registered Number 15989703
Registered Office 82a James Carter Road
Mildenhall
Bury St Edmunds
IP28 7DE
Accountants FDCA Limited (t/a Anglia Consulting)
Bennet's House
Office 2, 21 Leyton Road
Harpenden
AL5 2HU
1
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Huless Ltd for the year ended 31 October 2025.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Huless Ltd for the year ended 31 October 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Huless Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Huless Ltd and state those matters that we have agreed to state to the Board of Directors of Huless Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Huless Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Huless Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Huless Ltd. You consider that Huless Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Huless Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 October 2025.



....................................................
FDCA Limited (t/a Anglia Consulting)
Bennet's House
Office 2, 21 Leyton Road
Harpenden
AL5 2HU
08 June 2026
2
 
 		 Notes
 		 31/10/2025
£
Fixed assets    
Tangible fixed assets 3 1,301 
Investments 4 327,348 
328,649 
Current assets    
Debtors 5 1,520 
Cash at bank and in hand 6,648 
8,168 
Creditors: amount falling due within one year 6 (8,739)
Net current assets (571)
 
Total assets less current liabilities 328,078 
Creditors: amount falling due after more than one year 7 (352,036)
Net assets (23,958)
 

Capital and reserves 		   
Called up share capital 8 100 
Profit and loss account (24,058)
Shareholders' funds (23,958)
 


For the period ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 08 June 2026 and were signed on its behalf by:


-------------------------------
Taras Semeniuk
Director
3
General Information
Huless Ltd is a private company, limited by shares, registered in England and Wales, registration number 15989703, registration address 82a James Carter Road, Mildenhall, Bury St Edmunds, IP28 7DE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The company is a parent undertaking. These financial statements are the individual financial statements of Huless Ltd.
The directors have not prepared consolidated financial statements as the company and the group headed by it qualify as small and are eligible for exemption from the requirement to prepare group accounts.
Investments in subsidiary undertakings are accounted for at cost less impairment.
The financial statements have been prepared under the historical cost convention. The financial statements are presented in Pound Sterling (£), which is the company's functional and presentation currency.
Going concern basis
The financial statements have been prepared on a going concern basis. At the reporting date the company had net liabilities, reflecting its early-stage development activities.
The directors have prepared forecasts and have considered the companys expected cash requirements, the timing of planned expenditure, post-year-end funding received, and the continued financial support available from investors and related parties. On this basis, the directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future and therefore continue to adopt the going concern basis in preparing these financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
2.

Average number of employees

Average number of employees during the period was 0.
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 October 2024 -    - 
Additions 1,735    1,735 
Disposals -    - 
At 31 October 2025 1,735    1,735 
Depreciation
At 01 October 2024 -    - 
Charge for period 434    434 
On disposals -    - 
At 31 October 2025 434    434 
Net book values
Closing balance as at 31 October 2025 1,301    1,301 
Opening balance as at 01 October 2024 -    - 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 October 2024 -    - 
Additions 327,348    327,348 
Disposals -    - 
At 31 October 2025 327,348    327,348 

5.

Debtors: amounts falling due within one year

31/10/2025
£
Called up Share Capital Not Paid 42 
Directors' Current Accounts 57 
VAT 1,421 
1,520 

6.

Creditors: amount falling due within one year

31/10/2025
£
Trade Creditors 1,090 
Other Creditors and overpaid customers (1)
Advanced Subscription Agreements 7,650 
8,739 

7.

Creditors: amount falling due after more than one year

31/10/2025
£
Advanced Subscription Agreements 352,036 
352,036 

8.

Share Capital

Allotted, called up and partly paid
31/10/2025
£
100,000 Ordinary shares of £0.001 each 100 
100 

9.

Related Party

Included within advanced subscription agreement liabilities is £39,762.75 received from Vadym Burukin, a director of the company. No shares had been issued in respect of this amount at 31 October 2025.
10.

Advanced subscription agreement liabilities

During the year the company received funds under advanced subscription agreements. The instruments convert into shares on a qualifying financing round, sale, IPO, longstop date or other specified conversion event. As no shares had been allotted in respect of these agreements at the reporting date, the amounts have been classified as liabilities. The total carrying amount at 31 October 2025 was £359,686.26, of which £7,649.82 was included within creditors falling due within one year and £352,036.44 was included within creditors falling due after more than one year.

11.

Subsidiary undertaking

At 31 October 2025 the company held the following subsidiary undertaking:

Name: HULESS LLC
Country of incorporation: Ukraine
Registered number: 45054234
Class of holding: Participation interest / authorised capital
Proportion held: 100%
Principal activity: Technology, product development and related activities

The company's investment in the subsidiary is stated at cost less impairment.

The directors consider that disclosure of the subsidiary's capital and reserves and profit or loss is not material to the financial statements and it has therefore not been disclosed.
4