COMPANY REGISTRATION NUMBER:
06176218
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 December 2025
Current assets
|
Debtors |
5 |
162,356 |
|
189,490 |
|
Cash at bank and in hand |
35,107 |
|
7,494 |
|
--------- |
|
--------- |
|
197,463 |
|
196,984 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
47,581 |
|
45,861 |
|
--------- |
|
--------- |
|
Net current assets |
|
149,882 |
151,123 |
|
|
--------- |
--------- |
|
Total assets less current liabilities |
|
149,882 |
151,123 |
|
|
--------- |
--------- |
|
Net assets |
|
149,882 |
151,123 |
|
|
--------- |
--------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
60,275 |
60,275 |
|
Share premium account |
|
4,230,530 |
4,230,530 |
|
Profit and loss account |
|
(
4,140,923) |
(
4,139,682) |
|
|
------------ |
------------ |
|
Shareholders funds |
|
149,882 |
151,123 |
|
|
------------ |
------------ |
|
|
|
|
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 income and retained earnings has not been delivered.
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.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his 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
15 September 2026
, and are signed on behalf of the board by:
Company registration number:
06176218
|
Notes to the Financial Statements |
|
Year ended 31 December 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 483 Green Lanes, Green Lanes, London, N13 4BS, 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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis assuming continued support from the company's director.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. There are no key judgements. The key estimates include depreciation.
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.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Furniture & Fittings |
- |
20% straight line |
|
Equipment |
- |
33% straight line |
|
|
|
|
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2024:
1
).
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
162,319 |
189,490 |
|
Other debtors |
37 |
– |
|
--------- |
--------- |
|
162,356 |
189,490 |
|
--------- |
--------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Social security and other taxes |
42,681 |
42,761 |
|
Other creditors |
4,900 |
3,100 |
|
-------- |
-------- |
|
47,581 |
45,861 |
|
-------- |
-------- |
|
|
|
7.
Related party transactions
The company was under the control of Dacast Inc. a company incorporated in the USA. Dacast Inc. own 100% of the issued share capital. At 31 December 2025 Dacast Ltd owed Dacast Inc £140,782 (2024: £113,611).
8.
Controlling party
Dacast Limited
is a 100% owned subsidiary of DaCast Inc, a company registered in the USA.