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Company Registration No. 04243219 (England and Wales)
10fifty Limited Unaudited accounts for the year ended 31 December 2025
10fifty Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
10fifty Limited Company Information for the year ended 31 December 2025
Director
Timothy Richard Butler
Company Number
04243219 (England and Wales)
Registered Office
Ash House Shackleford Road Elstead Godalming GU8 6LB England
Accountants
SM Accounts Ltd Unit 47H Passfield Business Centre Lynchborough Road Passfield GU30 7SB
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10fifty Limited Statement of financial position as at 31 December 2025
2025 
2024 
Notes
£ 
£ 
Called up share capital not paid
2 
2 
Creditors: amounts falling due within one year
4
(2,202)
- 
Net current liabilities
(2,202)
- 
Net (liabilities)/assets
(2,200)
2 
Capital and reserves
Called up share capital
5
2 
2 
Profit and loss account
(2,202)
- 
Shareholders' funds
(2,200)
2 
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 director acknowledges his 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 and authorised for issue on 7 July 2026 and were signed on its behalf by
Timothy Richard Butler Director Company Registration No. 04243219
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10fifty Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
10fifty Limited is a private company, limited by shares, registered in England and Wales, registration number 04243219. The registered office is Ash House, Shackleford Road, Elstead, Godalming, GU8 6LB, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The accounts have been prepared on a going concern basis. The directors have given careful consideration to the appropriateness of the going concern basis given the loss incurred in the year and the net liability position of the company. The company is reliant on the continued financial support of its parent undertaking, Panovus Group Ltd. The parent company has confirmed its intention to provide such support for a period of at least 12 months from the date of approval of these financial statements. The directors are therefore satisfied that it is appropriate to prepare the accounts on a going concern basis.
4
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Amounts owed to group undertakings and other participating interests
1,707 
- 
Loans from directors
495 
- 
2,202 
- 
5
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares (unpaid) of £1 each
2 
2 
6
Transactions with related parties
Included within creditors is £1,707 owed to Innovation Visual Ltd, a fellow subsidiary undertaking within the Panovus Group. The balance is unsecured, interest free and repayable on demand. Included within creditors is £495 owed to Timothy Richard Butler, a director of the company. The balance is unsecured, interest free and repayable on demand.
7
Controlling party
The immediate parent undertaking is Panovus Group Ltd, a company incorporated in England and Wales (Company number 16487244). The company is jointly owned by Mrs Joanna Julia Anne Butler and Mr Timothy Richard Butler. In the opinion of the directors, there is no single ultimate controlling party. No group consolidated accounts are prepared.
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10fifty Limited Notes to the Accounts for the year ended 31 December 2025
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -