E-COMMERCE NETWORK TOOLS HOLDCO LIMITED

Company Registration Number:
14350612 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2025

Period of accounts

Start date: 1 October 2024

End date: 30 September 2025

E-COMMERCE NETWORK TOOLS HOLDCO LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2025

Balance sheet
Additional notes
Balance sheet notes

E-COMMERCE NETWORK TOOLS HOLDCO LIMITED

Balance sheet

As at 30 September 2025

Notes 2025 2024


£
£
Fixed assets
Investments: 3 69,863 1,731,243
Total fixed assets: 69,863 1,731,243
Current assets
Debtors: 4 376
Cash at bank and in hand: 658,431 5,528
Total current assets: 658,807 5,528
Creditors: amounts falling due within one year: 5 ( 37,912 ) ( 2,219 )
Net current assets (liabilities): 620,895 3,309
Total assets less current liabilities: 690,758 1,734,552
Total net assets (liabilities): 690,758 1,734,552
Capital and reserves
Called up share capital: 1 1
Share premium account: 1,718,693 1,739,129
Profit and loss account: (1,027,936 ) (4,578 )
Total Shareholders' funds: 690,758 1,734,552

The notes form part of these financial statements

E-COMMERCE NETWORK TOOLS HOLDCO LIMITED

Balance sheet statements

For the year ending 30 September 2025 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 4 November 2026
and signed on behalf of the board by:

Name: Jorge Fonturbel
Status: Director

The notes form part of these financial statements

E-COMMERCE NETWORK TOOLS HOLDCO LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Valuation information and policy

    Investments in subsidiaries are stated at cost less impairment. Returns of capital from a subsidiary are deducted from cost.

    Other accounting policies

    Basis of preparation: The accounts have been prepared under the historical cost convention. Going concern: The company's only subsidiary entered liquidation on 2 April 2025, and the directors intend to apply for the company to be struck off once that liquidation is complete. The accounts have therefore been prepared on a basis other than going concern. No adjustments were needed, because all assets are stated at their recoverable amount and all liabilities fall due within one year. Currency: The accounts are presented in pounds sterling, the company's functional currency. Transactions in other currencies are recorded at the rate on the date of the transaction. Monetary assets and liabilities in other currencies are translated at the rate on the balance sheet date, and exchange differences are taken to profit and loss. Share issue costs: Costs directly attributable to issuing shares are deducted from the share premium account. In the year, fees of £20,436 for the 2022 share issue, not previously recorded, were deducted from share premium. Taxation: Current tax is provided at the amount expected to be paid, using the rates and laws in force at the balance sheet date. Events after the reporting date: On 10 October 2025 the company passed a special resolution, supported by a directors' solvency statement, to reduce its share premium account by £630,677.50 (£2.049703925 per Pre-Seed share). The reduction was registered at Companies House in October 2025, and £630,677.50 was returned to Target Global Early Stage Fund III LP on 16 and 17 October 2025. Legal costs of £7,800 for the reduction were paid in December 2025. On 19 November 2025 the subsidiary paid a further €5,000 to the company.

E-COMMERCE NETWORK TOOLS HOLDCO LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 2 2

    The average number of employees includes the directors.

E-COMMERCE NETWORK TOOLS HOLDCO LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2025

3. Fixed assets investments note

Subsidiary undertaking Cost At 1 October 2024: £1,731,243 Return of capital received: (£628,925) At 30 September 2025: £1,102,318 Impairment At 1 October 2024: nil Charge for the year: £1,032,455 At 30 September 2025: £1,032,455 Carrying amount At 30 September 2025: £69,863 At 30 September 2024: £1,731,243 The investment is the company's holding in E-Commerce Network Tools OpCo GmbH, registered in Germany (HRB 246834 B), whose registered address is c/o Jorge Fonturbel Saez, Marthashof 4, 10435 Berlin, Germany. The company holds the whole of the subsidiary's share capital of €25,000 (ordinary shares, 100%), of which €12,500 has not been called. The investment consists of capital contributions of €1,910,000 to the subsidiary's free capital reserve, made in 2022 and 2023, and payments made on the subsidiary's behalf; no additional shares were issued. The subsidiary ceased trading and entered liquidation on 2 April 2025, when its capital and reserves were €120,779. In March 2025 it returned €750,000 of its free capital reserve to the company. The remaining carrying value has been written down to €79,990, the amount the company expects to recover: the subsidiary's cash and other recoverable assets at 30 September 2025, including €30,462.88 owed to it by the company, less its unpaid bills.

E-COMMERCE NETWORK TOOLS HOLDCO LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2025

4. Debtors

2025 2024
£ £
Other debtors 376
Total 376

Other debtors are a corporation tax repayment of £375.70 that HMRC issued by payable order in September 2024 and that has not yet been banked.

E-COMMERCE NETWORK TOOLS HOLDCO LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 3,708
Taxation and social security 5,379
Accruals and deferred income 1,500 1,500
Other creditors 27,325 719
Total 37,912 2,219

Other creditors are amounts owed to the subsidiary of £26,606 (€30,462.88 of the company's costs paid by the subsidiary in 2023 and 2024, including €23,398.74 of fees for the 2022 share issue, which have been deducted from the share premium account) and a loan from a director of £719 (2024: £719). Accruals are £1,500 for the Companies House late filing penalty on the 2024 accounts (2024: £1,500 of accountancy fees).

E-COMMERCE NETWORK TOOLS HOLDCO LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2025

6. Financial Commitments

Contingent liabilities: €12,500 of the subsidiary's share capital has not been called. It could be called if the subsidiary needed it to pay its creditors; the directors consider this unlikely, as the subsidiary's assets exceed its liabilities. The €5,000 the subsidiary paid the company on 19 November 2025, during its liquidation, may have to be repaid to it.