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Registered number: 08773570
FLAME DIGITAL LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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FLAME DIGITAL LIMITED
REGISTERED NUMBER: 08773570
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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FLAME DIGITAL LIMITED
REGISTERED NUMBER: 08773570
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2025
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 7 form part of these financial statements.
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FLAME DIGITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Flame Digital Limited is a company limited by shares and incorporated in England & Wales. The address of its registered office is 5 St.John's Lane, London, EC1M 4BH.
The principal activity of the company during the year was the provision of digital marketing services.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The company ceased its trading activities on 31 August 2025.
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is USD.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
Revenue comprises digital marketing services receivable and is recognised in the Statement of Comprehensive Income in the period it is contractually generated.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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FLAME DIGITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short term creditors are measured at the transaction price.
Interest income is recognised in profit or loss using the effective interest method.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
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FLAME DIGITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
In the opinion of the directors, the company and its subsidiary comprises a small group. The group therefore has taken advantage of the exemption provided by section 398 of the Companies Act 2006 not to provide group accounts.
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The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
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Investments in subsidiary companies
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The following was a subsidiary undertaking of the Company:
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The aggregate of the share capital and reserves as at 31 December 2025 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:
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Aggregate of share capital and reserves
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FLAME DIGITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Amounts owed by group undertakings
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Taxation and social security
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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FLAME DIGITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Related party transactions
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During the year the company obtained services totalling $91,586 (2024: $180,450) from its subsidiary Zinc Ads EOOD. All transactions were carried out at arms length. At the statement of financial position date the company owed $2,112 (2024: $14,603) to Zinc Ads EOOD. The loan is repayable on demand and not interest bearing.
During the year the company obtained services totalling $58,733 (2024: $92,376) from Flat Rock Technology Limited, a company of which Ran Gazit-Berger is also a director. All transactions were carried out at arms length. At the statement of financial position date the company owed $40,353 (2024: $27,091) to Flat Rock Technology Limited. The loan is repayable on demand and not interest bearing.
During the year the company provided services totalling $64,795 (2024: $105,298) and made sales totalling $137 (2024: $196) to Ads Plus Limited, a company of which Ran Gazit-Berger and Idit Gazit-Berger, spouse of Ran Gazit-Berger are directors. All transactions were carried out at arms length. At the statement of financial position date the company was owed $Nil (2024: $9,305) from Ads Plus Limited. The loan is repayable on demand and not interest bearing.
During the year the company obtained services totalling $11,764 (2024: $33,320) and made purchases totalling $1,251 (2024: $2,967) from Purify Digital Limited, a company of which Ran Gazit-Berger is also a director. During the year the company also made sales totalling $36,430 (2024: $63,646) to Purify Digital Limited. All transactions were carried out at arms length. At the statement of financial position date the company owed $52,810 (2024: $67,062) to Purify Digital Limited. The loan is repayable on demand and not interest bearing. All transations were carried out at arm's length.
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The company's parent company is Flame Group Limited, a company incorporated and registered in The British Virgin Islands. Ran Gazit-Berger and Idit Gazit-Berger each own 50% of Flame Group Limited and hold a controlling interest in Flame Digital Limited.
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