COMPANY REGISTRATION NUMBER:
16409471
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 March 2026
Current assets
|
Debtors |
6 |
5,146 |
|
Cash at bank and in hand |
264,247 |
|
--------- |
|
269,393 |
|
|
|
|
Creditors: amounts falling due within one year |
7 |
41,840 |
|
--------- |
|
Net current assets |
227,553 |
|
--------- |
|
Total assets less current liabilities |
227,553 |
|
--------- |
|
Net assets |
227,553 |
|
--------- |
|
|
|
Capital and reserves
|
Share premium account |
206,987 |
|
Profit and loss account |
20,566 |
|
--------- |
|
Shareholders funds |
227,553 |
|
--------- |
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
30 June 2026
, and are signed on behalf of the board by:
Company registration number:
16409471
|
Notes to the Financial Statements |
|
Period from 25 April 2025 to 31 March 2026
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 83 Ellerton Road, London, SW18 3NH, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
Current tax is recognised on taxable profit for the current and past periods.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Grant income
Grant and prize income is recognised in the profit and loss account on receipt where there are no material conditions attached to the funding and the entity has an unconditional entitlement to the income.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
2
.
5.
Share capital
On incorporation, the Company issued 100,000 Ordinary shares of £0.000001 each. On 31 March 2026, the Company issued an additional 2,952 Ordinary shares of £0.000001 each. On the same date, the Company issued 6,570 Series Seed shares of £0.000001 each at a total premium of £216,987.39. Legal fees of £10,000 were incurred in dealing with the share issue. This cost has been offset against share premium. Accordingly, at the year end the Company had issued share capital with an aggregate nominal value of of £0.11 and a share premium balance of £206,987.39.
6.
Debtors
|
31 Mar 26 |
|
£ |
|
Other debtors |
5,146 |
|
------- |
|
|
7.
Creditors:
amounts falling due within one year
|
31 Mar 26 |
|
£ |
|
Trade creditors |
12,510 |
|
Corporation tax |
4,824 |
|
Social security and other taxes |
3,083 |
|
Other creditors |
21,423 |
|
-------- |
|
41,840 |
|
-------- |
|
|
8.
Events after the end of the reporting period
On 1 April 2026 the Company issued 26,737 Series Seed shares of £0.000001 each at a total premium of £883,042.87. The shares were issued after the reporting date and consequently this event has not been reflected in the financial statements.