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REGISTERED NUMBER: 11350027 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MAY 2023

FOR

EXPEDEZ FINANCIAL SERVICES LTD

EXPEDEZ FINANCIAL SERVICES LTD (REGISTERED NUMBER: 11350027)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EXPEDEZ FINANCIAL SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MAY 2023







DIRECTORS: Stephen Birrell
Mihai Mosneanu
Vita Tocilovska





REGISTERED OFFICE: Citibase London
Unit 112 Millbank Tower
1st Floor, 21-24 Millbank
London
SW1P 4QP





REGISTERED NUMBER: 11350027 (England and Wales)





ACCOUNTANTS: Defries Weiss (Accountants) Limited
1 Bridge Lane
London
NW11 0EA

EXPEDEZ FINANCIAL SERVICES LTD (REGISTERED NUMBER: 11350027)

BALANCE SHEET
30 MAY 2023

30.5.23 30.5.22
Notes £    £   
CURRENT ASSETS
Debtors 4 6,819 52
Cash at bank and in hand 7,569 32,828
14,388 32,880
CREDITORS
Amounts falling due within one year 5 13,978 20,654
NET CURRENT ASSETS 410 12,226
TOTAL ASSETS LESS CURRENT
LIABILITIES

410

12,226

CAPITAL AND RESERVES
Called up share capital 17,024 17,024
Retained earnings (16,614 ) (4,798 )
SHAREHOLDERS' FUNDS 410 12,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





Mihai Mosneanu - Director


EXPEDEZ FINANCIAL SERVICES LTD (REGISTERED NUMBER: 11350027)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MAY 2023

1. STATUTORY INFORMATION

Expedez Financial Services 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 the provisions of section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS102") and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
Basic financial assets and liabilities, including trade debtors and creditors, other debtors and creditors and amounts with related parties are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangements constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets and liabilities classified as receivable or payable within one year are not amortised.

Taxation
Taxation for the year 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.23 30.5.22
£    £   
Other debtors 6,819 52

EXPEDEZ FINANCIAL SERVICES LTD (REGISTERED NUMBER: 11350027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MAY 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.23 30.5.22
£    £   
Trade creditors 8,180 -
Amounts owed to group undertakings - 3,128
Other creditors 5,798 17,526
13,978 20,654

6. ULTIMATE HOLDING PARTY

The ultimate holding company is IFC Holding Ltd for which the registered office is Arch, Makariou III, 242, P, Lordos Centre, Block A, Floor 2, Flat 2023, Limassol, 3105, Cyprus. The ultimate controlling party is Svetlana Apukhtina.


7. CLIENT FUNDS

Cash at bank excludes £14,528 (2022: £865,685) which is held in segregated accounts that are subject to safeguarding restrictions. These are client funds which do not belong to the company.


8. OPERATING LEASE COMMITMENT

At the balance sheet date the company was committed to rental payments of £7,286 (2022: £nil) for office premises under lease expiring on 30 November 2023, all of which was due within one year.