Ownabit Ltd

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

Registered number: 15725043

		31 May 2026		31 May 2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		398,040		268,300

			398,040		268,300
CURRENT ASSETS
Cash at bank and in hand		15,157		17,792

		15,157		17,792
Creditors: Amounts Falling Due Within One Year	5	(218,708 )		(14,196 )

NET CURRENT ASSETS (LIABILITIES)			(203,551 )		3,596

TOTAL ASSETS LESS CURRENT LIABILITIES			194,489		271,896

NET ASSETS			194,489		271,896

CAPITAL AND RESERVES
Called up share capital	6		400,000		400,000
Profit and Loss Account			(205,511 )		(128,104 )

SHAREHOLDERS' FUNDS			194,489		271,896

Page 1

Page 2

Ownabit Ltd

Balance Sheet (continued)

As At 31 May 2026

For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account.

On behalf of the board

Mr Tony Aldam

Director

29/09/2026

The notes on page 3 form part of these financial statements.

1. General Information

Ownabit Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15725043 . The registered office is Retford Enterprise Centre, Randall Way, Retford, Notts, DN22 7GR.

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. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 June 2025	268,300
Additions	129,740

As at 31 May 2026	398,040

Net Book Value
As at 31 May 2026	398,040

As at 1 June 2025	268,300

5. Creditors: Amounts Falling Due Within One Year

	31 May 2026	31 May 2025
	£	£
Trade creditors	2,550	1,350
Other loans	100,000	-
Other creditors	116,158	12,846

	218,708	14,196

6. Share Capital

	31 May 2026	31 May 2025
	£	£
Allotted, Called up and fully paid	400,000	400,000

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