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Registered number: 12368703
Strudel Labs Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Finacta Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12368703
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,936 2,092
Investments 5 1,899 1,899
7,835 3,991
CURRENT ASSETS
Debtors 6 737,205 559,869
Investments 7 13,368 -
Cash at bank and in hand 99,824 138,172
850,397 698,041
Creditors: Amounts Falling Due Within One Year 8 (113,112 ) (293,438 )
NET CURRENT ASSETS (LIABILITIES) 737,285 404,603
TOTAL ASSETS LESS CURRENT LIABILITIES 745,120 408,594
NET ASSETS 745,120 408,594
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 745,020 408,494
SHAREHOLDERS' FUNDS 745,120 408,594
Page 1
Page 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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Edward Ronaldson
Director
20/08/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Strudel Labs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12368703 . The registered office is 86-90 Paul Street, 3rd Floor, London, EC2A 4NE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 3 Years Straight Line
Computer Equipment 3 Years Straight Line
2.4. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 6)
10 6
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2025 1,269 10,386 11,655
Additions - 5,611 5,611
As at 31 December 2025 1,269 15,997 17,266
Depreciation
As at 1 January 2025 1,119 8,444 9,563
Provided during the period 90 1,677 1,767
As at 31 December 2025 1,209 10,121 11,330
Net Book Value
As at 31 December 2025 60 5,876 5,936
As at 1 January 2025 150 1,942 2,092
5. Investments
Unlisted
£
Cost or Valuation
As at 1 January 2025 1,899
As at 31 December 2025 1,899
Provision
As at 1 January 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 1,899
As at 1 January 2025 1,899
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 493,219 242,146
Prepayments and accrued income 12,019 8,565
Other debtors 100 13,468
VAT - 5,030
Amounts owed by associates 231,867 290,660
737,205 559,869
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7. Current Asset Investments
2025 2024
£ £
Short term deposits 13,368 -
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors (281,946 ) (30,730 )
Corporation tax 112,673 27,912
Other taxes and social security 1,486 1,638
VAT 1,684 -
Other creditors - 21,377
Accruals and deferred income 442,798 223,215
Director's loan account 79 26
Amounts owed to associates (213,662 ) -
Amounts owed to related parties 50,000 50,000
113,112 293,438
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
The entire share capital is owned by the parent company Associated Talent Inc, a company registered in the US. 
The ultimate controlling party is Mr Edward Winters Ronaldson by way of their shareholding in the company.
10. Related Party Transactions
Included within Current Assets are amounts owed by a Related Party, Associated Talent Limited, of £231,867 (PY: £243,807) and Associated Talent, Inc £213,662 (PY: £46,853). Included within Current Liabilities are amounts owed to Related Parties, Associated Talent Limited, of £50,000 (PY: £50,000). These loans are interest free and repayable on demand.
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