Feral.io Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11569545 (England and Wales)

Unaudited Financial Statements

for the Period 14 September 2018 to 31 December 2019

for

Feral.io Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J McQuistan

SECRETARY:

REGISTERED OFFICE:

C/O KKVMS LLP

Capital Tower

91 Waterloo Road

London

SE1 8RT

REGISTERED NUMBER:

11569545 (England and Wales)

ACCOUNTANTS:

KKVMS LLP

Chartered Certified Accountants

Capital Tower

91 Waterloo Road

London

SE1 8RT

FIXED ASSETS

Intangible assets

4

325,000

Investments

5

38,359

363,359

CURRENT ASSETS

Debtors

6

102,559

Cash at bank

706,820

809,379

CREDITORS

Amounts falling due within one year

7

760,472

NET CURRENT ASSETS

48,907

TOTAL ASSETS LESS CURRENT LIABILITIES

412,266

CAPITAL AND RESERVES

Called up share capital

8

10,000

Retained earnings

402,266

SHAREHOLDERS' FUNDS

10

412,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 April 2020 and were signed by:

Mr J McQuistan - Director

1.	STATUTORY INFORMATION

Feral.io Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

325,000

At 31 December 2019

325,000

NET BOOK VALUE

At 31 December 2019

325,000

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

38,359

At 31 December 2019

38,359

NET BOOK VALUE

At 31 December 2019

38,359

Fixed Asset investments relate to cyptocurrency received during the period. All transactions have been valued at the

date of exchange

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

89,040

Other debtors

13,519

102,559

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

208,848

Taxation and social security

94,924

Other creditors

456,700

760,472

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

10,000

Ordinary

£1

10,000

10,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J McQuistan.

10.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

£

Profit for the financial period

402,266

New share capital subscribed

10,000

Net addition to shareholders' funds

412,266

Opening shareholders' funds

-

Closing shareholders' funds

412,266

Equity interests

412,266