Company Registration No. 13786709 (England and Wales)
Burbank Software Ltd
Unaudited accounts
for the year ended 31 December 2025
Burbank Software Ltd
Unaudited accounts
Contents
Burbank Software Ltd
Company Information
for the year ended 31 December 2025
Directors
Justin Richard Pike
Manuel Silva Martinez
Michael Donovan
Company Number
13786709 (England and Wales)
Registered Office
20 Wenlock Road
London
N1 7GU
ENGLAND
Accountants
The Accountancy Cloud
Level 5a
Maple House
149 Tottenham Court Road
London
W1T 7NF
Burbank Software Ltd
Statement of financial position
as at 31 December 2025
Tangible assets
12,059
8,137
Cash at bank and in hand
887,323
1,318,306
Creditors: amounts falling due within one year
142,220
(182,383)
Net current assets
1,147,136
1,371,034
Total assets less current liabilities
1,159,195
1,379,171
Provisions for liabilities
Net assets
1,159,195
1,379,161
Called up share capital
425
162
Share premium
5,111,665
3,061,727
Profit and loss account
(3,952,895)
(1,682,728)
Shareholders' funds
1,159,195
1,379,161
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 8 July 2026 and were signed on its behalf by
Michael Donovan
Director
Company Registration No. 13786709
Burbank Software Ltd
Notes to the Accounts
for the year ended 31 December 2025
Burbank Software Ltd is a private company, limited by shares, registered in England and Wales, registration number 13786709. The registered office is 20 Wenlock Road, London, N1 7GU, 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.
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.
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.
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
25% straight line
Computer equipment
25% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Research and development tax credit
During the financial year, Burbank Software Ltd received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
Burbank Software Ltd
Notes to the Accounts
for the year ended 31 December 2025
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
During the year, several errors were identified in the prior year's financial statements relating to the recognition of S455 tax liability and the recognition of the research and development tax credit. The comparative figures have therefore been restated.
The effect of the restatement on the balance sheet at 31 December 2024 was as follows:
Other creditors increased by £63,247, from £318 to £63,565.
Accruals increased by £13,750, from £nil to £13,750.
Accrued income increased by £213,478, from £3,383 to £216,861.
The effect of the restatement on the profit and loss for the year ended 31 December 2024 was as follows:
Corporation tax income increased by £150,231.
Audit and accountancy fees increased by £13,750.
Overall, the loss for the prior year decreased by £136,481, from (£1,784,427) to (£1,647,946) and the profit and loss account at 31 December 2024 increased by £136,481, from (£1,819,209) to (£1,682,728).
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2025
-
9,993
9,993
Additions
1,239
5,993
7,232
At 31 December 2025
1,239
15,986
17,225
At 1 January 2025
-
1,856
1,856
Charge for the year
170
3,140
3,310
At 31 December 2025
170
4,996
5,166
At 31 December 2025
1,069
10,990
12,059
At 31 December 2024
-
8,137
8,137
Burbank Software Ltd
Notes to the Accounts
for the year ended 31 December 2025
Amounts falling due within one year
Accrued income and prepayments
106,936
216,861
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
32,536
288,703
Taxes and social security
39,129
7,700
Other creditors
64,498
63,565
Loans from directors
(292,474)
(191,335)
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
191,335
101,140
-
292,475
191,335
101,140
-
292,475
As at the 31st December 2025, the Company was owed £292,475 by Director Justin Richard Pike.
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Average number of employees
During the year the average number of employees was 6 (2024: 4).