Company Registration No. 09533400 (England and Wales)
Cloudpipes Ltd
Unaudited accounts
for the year ended 31 December 2025
Cloudpipes Ltd
Unaudited accounts
Contents
Cloudpipes Ltd
Company Information
for the year ended 31 December 2025
Directors
Rob Aliabadi
Shannon Bracken
Kim Eaton
Mike Donovan
Edward Vincent Jennings
Company Number
09533400 (England and Wales)
Registered Office
86-90 Paul Street
London
EC2A 4NE
Accountants
The Accountancy Cloud
Level 5a
Maple House
149 Tottenham Court Road
London
W1T 7NF
Cloudpipes Ltd
Statement of financial position
as at 31 December 2025
Debtors
2,398,996
2,257,560
Cash at bank and in hand
99,836
272,346
Creditors: amounts falling due within one year
(95,945)
(192,926)
Net current assets
2,402,887
2,336,980
Total assets less current liabilities
2,402,887
2,336,980
Creditors: amounts falling due after more than one year
(5,762,153)
(4,788,168)
Net liabilities
(3,359,266)
(2,451,188)
Called up share capital
1,000
1,000
Capital contribution reserve
347,375
347,375
Profit and loss account
(3,707,641)
(2,799,563)
Shareholders' funds
(3,359,266)
(2,451,188)
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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2026 and were signed on its behalf by
Mike Donovan
Director
Company Registration No. 09533400
Cloudpipes Ltd
Notes to the Accounts
for the year ended 31 December 2025
Cloudpipes Ltd is a private company, limited by shares, registered in England and Wales, registration number 09533400. The registered office is 86-90 Paul Street, London, EC2A 4NE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Cloudpipes Ltd
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2025
3,712
28,253
31,965
At 31 December 2025
3,712
28,253
31,965
At 1 January 2025
3,712
28,253
31,965
At 31 December 2025
3,712
28,253
31,965
Amounts falling due within one year
Amounts falling due after more than one year
Amounts due from group undertakings etc.
2,196,032
1,950,203
Accrued income and prepayments
202,368
306,014
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
16,182
50,639
Other creditors
(1,017)
3,141
7
Creditors: amounts falling due after more than one year
2025
2024
Amounts owed to group undertakings and other participating interests
5,762,153
4,788,168
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
Cloudpipes Ltd
Notes to the Accounts
for the year ended 31 December 2025
9
Transactions with related parties
A balance of £381,378 (2023: £381,378) is due to Cloudpipes Bulgaria which shares directors. No interest is charged.
A balance of £4,155,162 (2023: £3,372,540) is due to Cloudpipes Group Ltd which shares directors. Interest is charged at a rate of 16.5% per annum.
A balance of £1,871,460 (2023: £1,235,720) is due from QuickBase Inc which shares directors. Invoices are raised monthly on a cost + 8% basis.
The controlling party of Cloudpipes Ltd is Cloudpipes Group Ltd who owns 100% of the Share Capital in the company.
11
Average number of employees
During the year the average number of employees was 5 (2024: 12).