ComOn Network Limited - Period Ending 2025-12-31

Registration number: 06574637

ComOn Network Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2025

ComOn Network Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 6

ComOn Network Limited

Company Information

Director

Mr B Pedersen

Registered office

Salatin House
19 Cedar Road
Sutton
Surrey
SM2 5DA

Accountants

Shaw Gibbs Limited Salatin House
19 Cedar Road
Sutton
Surrey
SM2 5DA

ComOn Network Limited

(Registration number: 06574637)
Statement of Financial Position as at 31 December 2025

Note

2025
£

2024
£

Current assets

Receivables

4

115,762

497,198

Cash at bank

169,955

23,681

285,717

520,879

Payables: Amounts falling due within one year

6

(236,128)

(485,975)

Net assets

49,589

34,904

Equity

Called up share capital

7

1

1

Retained earnings

7

49,588

34,903

Shareholders' funds

49,589

34,904

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income statement.

The financial statements of ComOn Network Limited were approved and authorised for issue by the director on 13 October 2026

.........................................

Mr B Pedersen
Director

ComOn Network Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025

1	General information

ComOn Network Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1.

2	Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and in accordance with the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Going concern

The director has reasonable expectation that the company has adequate resources to continue in the operational existence for the foreseeable future. Thus he continues to adopt the going concern basis in preparing the annual financial statements.

Critical judgements and key sources of estimation uncertainties

There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

ComOn Network Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in the statement of income and retained earnings except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank.

Trade receivables

Trade and other receivables that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or that constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of
impairment.

Payables

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade and other payables are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade and other payables that are payable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be paid. Those that are payable after more than one year or that constitute a financing transaction are recorded initially at transaction price and subsequently at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

ComOn Network Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025 (continued)

4	Receivables

	Note	2025 £	2024 £
Trade receivables		102,777	18,290
Amounts owed by fellow subsidiary undertaking	8	-	465,449
Other receivables		12,985	13,459
		115,762	497,198

The amounts owed by fellow subsidiary undertaking disclosed as falling within one year is unsecured, payable on demand and is non-interest bearing.

5	Cash and cash equivalents

	2025 £	2024 £
Cash at bank	169,955	23,681

6

Payables

	Note	2025 £	2024 £
Due within one year
Trade payables		72,983	471,604
Amounts owed to fellow subsidiary undertaking	8	152,601	-
Taxation and social security		7,299	11,221
Accruals and deferred income		3,245	3,150
		236,128	485,975

The amounts owed to fellow subsidiary undertaking disclosed as falling within one year is unsecured, payable on demand and is non-interest bearing.

ComOn Network Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025 (continued)

7	Share capital and reserves

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary share of £1	1	1	1	1

The company has one class of share capital which carries no right to fixed income.

Reserves

The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.

8	Related party transactions

The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of paragraph 1AC.35 of FRS 102- Small Entities not to disclose transactions with entities that are wholly owned members of the group.

There were no other related party transactions to disclose.

9	Parent and ultimate parent undertaking

The company's immediate and ultimate parent undertaking is Form71 APS, incorporated in Denmark.

The ultimate controlling party is B Pedersen.