Company Number: 13471461

Analysis Date: 2025-07-29 14:12 UTC

1. Risk Rating: LOW
   The company demonstrates positive net current assets, increasing shareholders' funds, and timely filing of accounts and confirmation statements. There are no indications of overdue filings, insolvency proceedings, or director disqualifications. The financial position appears sound with improving working capital.

2. Key Concerns:

• Limited scale and operational history: Incorporated in 2021, the company is relatively young with minimal employee count (zero reported employees), which may impact operational stability and growth potential.
• Dependence on directors and related parties: Loans and director current accounts indicate reliance on internal financing; the loan to a related party is interest-free and unsecured, which may affect liquidity if not managed prudently.
• Intangible assets amortisation: The company holds intangible assets (development costs) being amortised over ten years; impairment risk should be monitored given the early stage and limited asset diversification.

3. Positive Indicators:

• Strong liquidity position: Cash balances have nearly doubled from £6,433 to £11,444 year-on-year, providing good short-term liquidity to meet obligations.
• Consistent profitability: The retained earnings increased by approximately £4,133 in the latest year, indicating profitable operations.
• Compliance and governance: All statutory filings are up to date, no overdue accounts or confirmation statements, and directors are appropriately appointed with no adverse records.

4. Due Diligence Notes:

• Verify the nature and recoverability of the related party receivable (£101) and director current account balances (£706) to assess any potential liquidity risks.
• Assess the sustainability of revenue and profit generation given no employees and reliance on intangible assets; inquire about business model and operational plans.
• Review details of intangible assets and amortisation schedules to confirm no impairment risks or excessive capitalisation of development costs.
• Confirm no other off-balance sheet liabilities or contingent risks exist given the limited disclosures.