DERIVE VENTURES LTD


Director	BAIRSTOW, James Ian


Registered Address	86-90 Paul Street
	London
	EC2A 4NE


Registered Number	14124593 (England and Wales)

Balance Sheet as at
31 May 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		3,277		3,277
Tangible assets	4		863		1,457
			4,140		4,734
Current assets
Debtors		-		695
Cash at bank and on hand		4,130		3,036
		4,130		3,731
Creditors amounts falling due within one year	5	(5,173)		(1,056)
Net current assets (liabilities)			(1,043)		2,675
Total assets less current liabilities			3,097		7,409
Net assets			3,097		7,409
Capital and reserves
Profit and loss account			3,097		7,409
Shareholders' funds			3,097		7,409

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 3 November 2026, and are signed on its behalf by:

BAIRSTOW, James Ian
Director
Registered Company No. 14124593

DERIVE VENTURES LTD

Notes to the Financial Statements
for the year ended 31 May 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 June 25	3,277	3,277
At 31 May 26	3,277	3,277
Net book value
At 31 May 26	3,277	3,277
At 31 May 25	3,277	3,277

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 June 25	2,379	2,379
At 31 May 26	2,379	2,379
Depreciation and impairment
At 01 June 25	922	922
Charge for year	594	594
At 31 May 26	1,516	1,516
Net book value
At 31 May 26	863	863
At 31 May 25	1,457	1,457

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	240	240
Other creditors	4,933	816
Total	5,173	1,056

6.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
BAIRSTOW, James Ian	0	4,933	0	4,933
	0	4,933	0	4,933


	As at 31.05.2026 the company owed to the director £4,932.71. This amount is non interest bearing, has no fixed date for repayment and is repayable on demand.