Company Registration No. 10958626 (England and Wales)
10958626 Ltd
Unaudited accounts
for the year ended 31 December 2025
10958626 Ltd
Unaudited accounts
Contents
10958626 Ltd
Company Information
for the year ended 31 December 2025
Company Number
10958626 (England and Wales)
Registered Office
Stone House
Fulwood Park
Liverpool
Merseyside
L17 5AG
England
10958626 Ltd
Statement of financial position
as at 31 December 2025
Creditors: amounts falling due within one year
(130,392)
(129,224)
Net current liabilities
(130,392)
(129,224)
Total assets less current liabilities
(130,392)
(129,224)
Provisions for liabilities
Other provisions
(5,000)
(10,115)
Net liabilities
(135,392)
(139,339)
Called up share capital
233
233
Profit and loss account
(135,625)
(139,572)
Shareholders' funds
(135,392)
(139,339)
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have 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 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 and authorised for issue on 18 October 2026 and were signed on its behalf by
C N Evans
Director
Company Registration No. 10958626
10958626 Ltd
Notes to the Accounts
for the year ended 31 December 2025
10958626 Ltd is a private company, limited by shares, registered in England and Wales, registration number 10958626. The registered office is Stone House, Fulwood Park, Liverpool, Merseyside, L17 5AG, England. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. The accounts are prepared on a “break-up” basis, i.e. a basis other than going concern.
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 on a break-up basis. The Company ceased trading on 01 May 2023 and began realising assets for the benefit of its creditors. The Company is not a going concern. NO FURTHER ASSET REALISATIONS ARE ANTICIPATED.
The accounts are presented in £ sterling.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 31 December 2025
107,000
At 31 December 2025
107,000
10958626 Ltd
Notes to the Accounts
for the year ended 31 December 2025
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
3,208
3,186
2,135
8,529
At 31 December 2025
3,208
3,186
2,135
8,529
At 1 January 2025
3,208
3,186
2,135
8,529
At 31 December 2025
3,208
3,186
2,135
8,529
At 31 December 2025
-
-
-
-
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
63,454
63,454
Trade creditors
4,961
4,961
Amounts owed to group undertakings and other participating interests
40,259
40,259
Taxes and social security
15,730
14,562
Other creditors
5,988
5,988
SECURITY GIVEN
Node Finance Ltd (CRN 9938882), formerly called Tokyo.UK Team LTD and is the former parent undertaking is owed the sum of £40,259 which is secured by way of a fixed and floating charge debenture registered 30 April 2021 with Charge Code 1095 8626 0003. This amount sits in amounts due to Group Undertakings < 1 Year. This continues to be the case in both periods.
7373678 Ltd (CRN 7373678 and formerly named VC Finance Ltd) is owed the sum of £5,988 which is secured by way of a fixed and floating charge debenture registered 30 February 2023 with Charge Code 1095 8626 0004 28. This amount is in Other Creditors < 1 Year. This continues to be the case in both periods.
Taxes and Social Security have risen by £1,168 due to interest being applied by HMRC to the balance due. This continues to be the case in both periods.
BREAK UP BASIS
As the accounts are prepared on a break up basis, all amounts falling due > 1 year are now current liabilities and are stated as such. The Company is in default of its financial facilities and the Bank have demanded repayment in full of the loan and overdraft. (both of which are unsecured)
NO FURTHER ASSET REALISATIONS ARE ANTICIPATED AND THEREFORE NO FURTHER AMOUNTS ABLE TO BE PAID TO OR RECOVERED BY CREDITORS
Allotted, called up and fully paid:
233 Ordinary shares of £1 each
233
233
10958626 Ltd
Notes to the Accounts
for the year ended 31 December 2025
There were two provisions in the prior year totalling £10,115. A successor company has resolved one dispute with the finance company enabling a provision of £5,115 to be unwound in the period. There remains a dispute as to if rent is owned on the former premises of the company, an amount of £4,961 sits in Creditors < 1 year and a charge recognised to the P&L, as stated this amount is however in dispute.
9
Transactions with related parties
The transactions detailed in Note 8, including the secured loans from Node Finance Ltd and VC Finance Ltd are also related party transactions by virtue of C N Evans being a Director and ultimate or substantial Shareholder. These are unchanged since the prior year.
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).