Loka Systems Limited
10348061
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 21/11/2025
Due 05/12/2026
Industry
Officers
director · Since 26/08/2016
CONSULTANT
FRENCH · UNITED KINGDOM · Age 67
Also on 2 other boards
director · Since 28/02/2019
ACCOUNTANT
BRITISH · ENGLAND · Age 72
Also on 5 other boards
Persons with Significant Control
Ms Corinne Marie-Paule Varallo
Monegasque · Monaco · Age 69
14 Quai Antoine 1er, 14 Quai Antoine 1er, Monte Carlo, 98000
Notified 10/10/2025
Former PSCs
Mr Christophe Jean Bataillard
Ceased 08/11/2016
Mr Tiago Manuel Mendes Goncalves
Ceased 26/11/2018
Wireless Network Developments Limited
Ceased 03/05/2018
Mr Christophe Jean Bataillard
Ceased 10/10/2025
CompanyRankvs 2443+ SIC 61200 peers27
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
adequate resources to continue in operational existence for the foreseeable future. Based on the above, the directors believe it remains appropriate to prepare the financial statements on a going concern basis. However, these circumstances represent a material uncertainty that may cast significant doubt upon the company’s ability to continue as a going concern and, therefore, to continue
Key FinancialsYear ending 31/12/2024
Net Worth
-£1.6M
Balance sheet strength
Cash
£8k
Cash in the bank
Net Current Assets
-£30k
Working capital
Current Assets
£16k
Current Liabilities
£46k
Fixed Assets
£1
Debtors
£8k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.35 | -£44k |
| 2023 | 0.73 | -£54k |
| 2022 | 0.85 | -£179k |
| 2021 | 0.52 | -£88k |
| 2020 | 1.87 | -£550k |
| 2019 | 0.44 | -£296k |
| 2018 | 3.88 | — |
Derived from filed accounts. Not audited figures.