Company Number: 15033619

Analysis Date: 2025-07-20 12:54 UTC

1. Risk Rating: HIGH
   The company shows a negative net asset position (-£102) with liabilities exceeding assets. The balance sheet reflects very limited financial resources and a net current asset figure that appears inconsistent with the overall liabilities, suggesting potential accounting or reporting issues. The company is newly incorporated with minimal operating history and no employees, increasing uncertainty about operational sustainability.

2. Key Concerns:

• Negative Net Assets: The total net assets are reported as negative (£-102), indicating the company is technically insolvent on a balance sheet basis.
• Current Liabilities Slightly Exceed Current Assets: Current liabilities (£21,106) slightly exceed current assets (£21,004), which may indicate liquidity pressure to meet short-term obligations.
• No Operating History or Employees: Incorporated in July 2023 with no employees and limited financial data, raising questions on the viability and operational stability of the business.

3. Positive Indicators:

• No Overdue Filings: Both accounts and confirmation statements are filed on time, showing compliance with statutory requirements.
• Single Controlling Director/Shareholder: The sole director and 75-100% shareholder are the same person, potentially allowing streamlined decision-making and control.
• Micro-entity Accounting: The company benefits from simplified reporting requirements, which is typical for micro-sized startups and reduces administrative burden.

4. Due Diligence Notes:

• Verify the apparent discrepancy in net current assets and total net assets figures as presented; the micro-entity accounts show conflicting values.
• Investigate the nature and terms of the £21,106 creditors falling due after more than one year to understand long-term liabilities and repayment obligations.
• Assess the company's business plan and funding sources given the absence of employees and minimal financial resources to evaluate operational prospects.
• Confirm no director disqualifications or regulatory compliance issues beyond Companies House filings, given the sole director’s control.