Company Registration No. 12432029 (England and Wales)
UTOPICODE LTD
Unaudited accounts
for the period from 1 February 2026 to 31 May 2026
UTOPICODE LTD
Unaudited accounts
Contents
UTOPICODE LTD
Company Information
for the period from 1 February 2026 to 31 May 2026
Directors
Maria Emilia Torres Pelayo
Nuria Cristo Puig
Company Number
12432029 (England and Wales)
Registered Office
131 Finsbury Pavement
LONDON
EC2A 1NT
ENGLAND
UTOPICODE LTD
Statement of financial position
as at 31 May 2026
Cash at bank and in hand
199
259
Creditors: amounts falling due within one year
-
40,526
Net current assets
199
40,785
Total assets less current liabilities
199
41,913
Creditors: amounts falling due after more than one year
-
(92,826)
Net assets/(liabilities)
199
(50,913)
Called up share capital
2
2
Share premium
603,992
498,069
Profit and loss account
(603,795)
(548,984)
Shareholders' funds
199
(50,913)
For the period 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 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 2 November 2026 and were signed on its behalf by
Nuria Cristo Puig
Director
Company Registration No. 12432029
UTOPICODE LTD
Notes to the Accounts
for the period from 1 February 2026 to 31 May 2026
UTOPICODE LTD is a private company, limited by shares, registered in England and Wales, registration number 12432029. The registered office is 131 Finsbury Pavement, LONDON, EC2A 1NT, ENGLAND.
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.
These financial statements for the period from 1 February 2026 to 31 May 2026 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2025.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
These financial statements cover the shortened period from 1 February 2026 to 31 May 2026, following the directors’ decision to close the company. The comparative figures relate to the preceding accounting period and are not entirely comparable because the reporting periods differ in length.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses.
Depreciation is provided to write off the cost of assets, less their estimated residual values, over their estimated useful lives using the rates and methods set out below.
During the year, an asset was written off as no future economic benefits were expected from its use or disposal. The resulting loss of £1,034 was recognised in profit and loss. The asset remained physically held by the company at the reporting date.
UTOPICODE LTD
Notes to the Accounts
for the period from 1 February 2026 to 31 May 2026
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
31/05/2026
31/01/2026
Bank loans and overdrafts
-
8,315
Amounts owed to group undertakings and other participating interests
-
(70,209)
Loans from directors
-
21,368
6
Creditors: amounts falling due after more than one year
31/05/2026
31/01/2026
7
Transactions with related parties
During the year, the company executed a debt-to-equity swap with Nuria Cristo Puig and Maria Emilia Torres Pelayo, who are directors and shareholders of the company. Credit balances totalling £21,368 on their director’s loan accounts were fully extinguished in exchange for the allotment of 9,900 new ordinary shares of £0.000001 each at a price of £2.1584 per share. Of these, 9,318 shares were allotted to Nuria Cristo Puig in settlement of £20,112, and 582 shares were allotted to Maria Emilia Torres Pelayo in settlement of £1,256. At 31 May 2026, the balance on the directors’ loan accounts was £Nil (2025: £21368 credit).
Prior to the financial year end of 31 May 2026, the company was owed £67,726 by Utopicode S.A. de C.V., a company incorporated in Mexico. Utopicode S.A. de C.V. was formally dissolved and legally closed under Mexican corporate insolvency procedures, with no assets available for distribution to creditors. The outstanding balance therefore became legally unrecoverable and was extinguished by operation of law.
The company has assessed that the amount is not recoverable and has recognised an impairment charge of £67,726 in the profit and loss account for the year ended 31 May 2026, reducing the balance to £Nil. The company has not waived or released the debt.
The impairment charge is not deductible for UK Corporation Tax purposes.
8
Average number of employees
During the period the average number of employees was 2 (31/01/2026: 2).