Earthena.AI Limited - Filleted accounts

Registered number

14902919

Earthena.AI Limited

Unaudited Filleted Accounts

for the year ended

31 May 2026

Earthena.AI Limited
Report and accounts
Contents




Page

Balance sheet	1
Notes to the accounts	2

Earthena.AI Limited
Registered number:		14902919
Balance Sheet
as at 31 May 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		1,110			1,701

Current assets
Debtors	4	13,748			59,789
Cash at bank and in hand		610,959			128,468
		624,707			188,257

Creditors: amounts falling due within one year	5	(132,870)			(76,010)

Net current assets			491,837			112,247

Net assets			492,947			113,948

Capital and reserves
Called up share capital			12,003			11,865
Share premium			2,196,776			1,625,676
Profit and loss account			(1,715,832)			(1,523,593)

Shareholders' funds			492,947			113,948

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Iqbal Singh Bassi
Director
Approved by the board on 7 July 2026

The notes on pages 2 to 5 form part of these financial statements.

Earthena.AI Limited
Notes to the Accounts
for the year ended 31 May 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Research and development
	Research expenditure is written off to the income statement in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied that: - an individual project is technically, commercially and financially viable - a project gives rise to a separately identifiable asset and arises from contractual or other legal rights - it is probable that future economic benefits that are attributable to the project will flow to the company - the cost or value of the asset can be measured reliably If the above criteria are met, the expenditure is deferred and amortised over the period during which the company is expected to benefit.


	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer and office equipment		over 2 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
1	Accounting policies (continued)
	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees				2026		2025
Number						Number

	Average number of persons employed by the company				4		6



3	Tangible fixed assets
							Plant and machinery etc
£
	Cost
	At 1 June 2025						4,391
	Additions						772
	At 31 May 2026						5,163

	Depreciation
	At 1 June 2025						2,689
	Charge for the year						1,364
	At 31 May 2026						4,053

	Net book value
	At 31 May 2026						1,110
	At 31 May 2025						1,702



4	Debtors				2026		2025
£						£

	Trade debtors				-		55,715
	Prepayments and accrued income				9,960		2,989
	Other debtors				3,788		1,085
					13,748		59,789


5	Creditors: amounts falling due within one year				2026		2025
£						£

	Deferred income				70,714		11,250
	Trade creditors				22,543		20,470
	Taxation and social security costs				20,798		17,931
	Other creditors				18,815		26,359
					132,870		76,010


6	Share capital	Nominal			2026		2025
		Value	Number	£		£
	Allotted, called up and fully paid:
	Ordinary shares	£0.01 each	1,200,312		12,003		11,865

	At 31 May		1,200,312		12,003		11,865



	During the year the company issued 13,766 ordinary shares of £0.01 each for total consideration of £571,237.



7	Share premium				2026		2025
£						£
	At 01 June				1,625,676		-
	Shares issued				571,100		1,625,676

	At 31 May				2,196,776		1,625,676


8	Profit and loss account				2026		2025
£						£
	At 01 June				(1,523,593)		(903,220)
	(Loss)/profit for the financial year				(192,239)		(620,373)

	At 31 May				(1,715,832)		(1,523,593)

9	Presentation currency

	The financial statements are presented in Sterling.

10	Controlling party

	Mr Iqbal Singh Bassi and Mr Karan Chopra controls the company by virtue of their majority shareholding.


11	Other information

	Earthena.AI Limited is a private company limited by shares and incorporated in England. Its registered office is:
	167-169 Great Portland Street,
	5th Floor,
	London,
	England
	W1W 5PF