| Parabol Labs Ltd |
| Registered number: |
15452966 |
| Balance Sheet |
| as at 31 January 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
94,192 |
|
|
79,432 |
| Tangible assets |
4 |
|
|
3,992 |
|
|
6,020 |
| Investments |
5 |
|
|
296,122 |
|
|
6,443 |
|
|
|
|
394,306 |
|
|
91,895 |
|
| Current assets |
| Debtors |
6 |
|
255,579 |
|
|
130,502 |
| Investments held as current assets |
7 |
|
22,270 |
|
|
- |
| Cash at bank and in hand |
|
|
100,786 |
|
|
1,029,181 |
|
|
|
378,635 |
|
|
1,159,683 |
|
| Creditors: amounts falling due within one year |
8 |
|
(83,123) |
|
|
(15,812) |
|
| Net current assets |
|
|
|
295,512 |
|
|
1,143,871 |
|
| Net assets |
|
|
|
689,818 |
|
|
1,235,766 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Share premium |
|
|
|
133,221 |
|
|
133,221 |
| SAFE (simple agreements for future equity) |
9 |
|
|
1,524,986 |
|
|
1,524,986 |
| Profit and loss account |
|
|
|
(969,389) |
|
|
(423,441) |
|
| Shareholders' funds |
|
|
|
689,818 |
|
|
1,235,766 |
|
|
|
|
|
|
|
|
| The director is 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 director acknowledges his 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. |
|
|
|
|
| Emre Colakoglu |
| Director |
| Approved by the board on 19 June 2026 |
|
| Parabol Labs Ltd |
| Notes to the Accounts |
| for the year ended 31 January 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 recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable.
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract and when it is probable that the company will receive the consideration due under the contract. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
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: |
|
|
Plant and machinery |
over 3 years |
|
Computer equipment, tools and other equipment |
over 3 years |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
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. |
|
|
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. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 February 2025 |
119,148 |
|
Additions |
81,714 |
|
At 31 January 2026 |
200,862 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 February 2025 |
39,716 |
|
Provided during the year |
66,954 |
|
At 31 January 2026 |
106,670 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2026 |
94,192 |
|
At 31 January 2025 |
79,432 |
|
|
|
|
|
|
|
|
|
|
Intangibe assets relate to software development of the blockchain protocol, and related legal opinions.
The asset is being amortised over 3 years on a straight line basis. |
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 February 2025 |
9,030 |
|
Additions |
1,473 |
|
At 31 January 2026 |
10,503 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2025 |
3,010 |
|
Charge for the year |
3,501 |
|
At 31 January 2026 |
6,511 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2026 |
3,992 |
|
At 31 January 2025 |
6,020 |
|
|
| 5 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 February 2025 |
6,443 |
|
Additions |
289,679 |
|
|
At 31 January 2026 |
296,122 |
|
|
| 6 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Amounts owed by group undertakings |
|
254,993 |
|
71,728 |
|
Pre payments |
|
|
|
|
- |
|
11,731 |
|
Other debtors |
586 |
|
47,043 |
|
|
|
|
|
|
255,579 |
|
130,502 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Investments held as current assets |
2026 |
|
2025 |
| £ |
£ |
|
Cost |
|
Stablecoin |
22,270 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Taxation and social security costs |
21,228 |
|
5,878 |
|
Accruals |
1,920 |
|
1,920 |
|
Other creditors |
59,975 |
|
8,014 |
|
|
|
|
|
|
83,123 |
|
15,812 |
|
|
|
|
|
|
|
|
|
|
| 9 |
SAFE (simple agreements for future equity) |
2026 |
|
2025 |
| £ |
£ |
|
|
B/fwd |
1,524,986 |
|
- |
|
Convertible equity instruments |
- |
|
1,524,986 |
|
|
At 31 January 2026 |
1,524,986 |
|
1,524,986 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Subsidiaries |
|
|
The company has 100% ownership of the following subsidiaries:
Parabol Labs Dijital Yazilim Anonim Sirketi (registered in Turkey)
Parabol Italia Srl (registered in Italy)
Hillhouse Capital Ltd (registered in UK) |
|
| 11 |
Other information |
|
|
Parabol Labs Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Devonshire House |
|
582 Honeypot Lane |
|
Stanmore |
|
Middlesex |
|
HA7 1JS |