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REGISTERED NUMBER: 14270509 (England and Wales)













Financial Statements

for the Period

2 August 2022 to 31 December 2023

for

Matrixport Advisors Limited

Matrixport Advisors Limited (Registered number: 14270509)






Contents of the Financial Statements
for the Period 2 August 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Matrixport Advisors Limited

Company Information
for the Period 2 August 2022 to 31 December 2023







DIRECTORS: Y Hu
O Zadeh





REGISTERED OFFICE: 343 City Road
London
EC1V 1LR





REGISTERED NUMBER: 14270509 (England and Wales)





AUDITORS: Anderson Barrowcliff Limited
Statutory Auditors
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Matrixport Advisors Limited (Registered number: 14270509)

Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 725

CURRENT ASSETS
Debtors 5 68,153
Cash at bank 675,925
744,078
CREDITORS
Amounts falling due within one year 6 763,305
NET CURRENT LIABILITIES (19,227 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,502

)

CAPITAL AND RESERVES
Called up share capital 7 100
Accumulated losses (18,602 )
SHAREHOLDERS' FUNDS (18,502 )

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 31 July 2024 and were signed on its behalf by:





Y Hu - Director


Matrixport Advisors Limited (Registered number: 14270509)

Notes to the Financial Statements
for the Period 2 August 2022 to 31 December 2023

1. STATUTORY INFORMATION

Matrixport Advisors Limited 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.

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.

The financial statements have been prepared on a going concern basis. Given the known challenges faced by startup businesses raising external assets leading towards a self-sustaining business, the directors have allocated sufficient resources to finance the company. Based on the assessment of the directors, there is reasonable expectation that the company has access to adequate financial resources to continue in operational existence for the foreseeable future. Therefore, the directors continue to apply the going concern basis.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Matrixport Advisors Limited (Registered number: 14270509)

Notes to the Financial Statements - continued
for the Period 2 August 2022 to 31 December 2023

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,061
At 31 December 2023 1,061
DEPRECIATION
Charge for period 336
At 31 December 2023 336
NET BOOK VALUE
At 31 December 2023 725

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 42,408
Other debtors 17,650
VAT 2,004
Prepayments 6,091
68,153

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 751,118
Taxation 878
Other creditors 1,127
Accrued expenses 10,182
763,305

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

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

Matrixport Advisors Limited (Registered number: 14270509)

Notes to the Financial Statements - continued
for the Period 2 August 2022 to 31 December 2023

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Shawcross FCA (Senior Statutory Auditor)
for and on behalf of Anderson Barrowcliff Limited

9. RELATED PARTY DISCLOSURES

During the period the company received an interest free one year loan from its immediate parent company totalling £600,000. In addition during the period payments were made on behalf of the company and receipts were received by the immediate parent company on behalf of the company. The balance at the end of the period was £751,118. No interest has been charged on the balance and amounts are recoverable on demand.

10. PARENT UNDERTAKING

The immediate holding company is Matrix Finance and Technologies Holding Company, a company registered in the Cayman Islands. The parent's registered office address is 89 Nexus Way, Camana Bay, Grand Cayman, KY1-9009, Cayman Islands.