Passhe

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 10716808

		31 December 2025		31 July 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		531		-

			531		-
CURRENT ASSETS
Debtors	5	8,649		2,173
Cash at bank and in hand		53,857		62,446

		62,506		64,619
Creditors: Amounts Falling Due Within One Year	6	(47,020 )		(13,071 )

NET CURRENT ASSETS (LIABILITIES)			15,486		51,548

TOTAL ASSETS LESS CURRENT LIABILITIES			16,017		51,548

NET ASSETS			16,017		51,548

Income and Expenditure Account			16,017		51,548

MEMBERS' FUNDS			16,017		51,548

For the period 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 directors acknowledge their 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 Income and Expenditure Account.

On behalf of the board

Mrs Irina Simeonova STANEVA,

Director

28/08/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Passhe is a private company, limited by guarantee, incorporated in England & Wales, registered number 10716808 . The registered office is 7 Bell Yard, , London,, England, , WC2A 2JR.

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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:

Computer Equipment

25 % WDV

3. Average Number of Employees

Average number of employees, including directors, during the period was: 6 (2024: 5)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 August 2024	-
Additions	579

As at 31 December 2025	579

Depreciation
As at 1 August 2024	-
Provided during the period	48

As at 31 December 2025	48

Net Book Value
As at 31 December 2025	531

As at 1 August 2024	-

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Passhe

Notes to the Financial Statements (continued)

For the Period 1 August 2024 to 31 December 2025

5. Debtors

	31 December 2025	31 July 2024
	£	£
Due within one year
Trade debtors	2,611	2,173
Prepayments and accrued income	6,012	-
Other taxes and social security	26	-

	8,649	2,173

6. Creditors: Amounts Falling Due Within One Year

	31 December 2025	31 July 2024
	£	£
Trade creditors	432	991
Other creditors	177	114
Accruals and deferred income	46,411	11,966

	47,020	13,071

7. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £177 (2024 - £114) were due to the fund. They are included in Other Creditors.

8. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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