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REGISTERED NUMBER: 07098728 (England and Wales)












REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

4X SOLUTIONS (UK) LTD

4X SOLUTIONS (UK) LTD (REGISTERED NUMBER: 07098728)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Report of the Director 2

Chartered Certified Accountants' Report 3

Income Statement 4

Statement of Financial Position 5

Notes to the Financial Statements 7


4X SOLUTIONS (UK) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr P J Ranson





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 07098728 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

4X SOLUTIONS (UK) LTD (REGISTERED NUMBER: 07098728)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 DECEMBER 2023


The director presents his report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of acting as a host server and providing linked software for foreign exchange dealers.

REVIEW OF BUSINESS
The results for the year and financial position of the company are as shown in the annexed financial statements.

DIVIDENDS
No interim dividends were paid during the year on any of the shares. The director recommends a final dividend of £15000 per share on the Ordinary £1 shares but none on any other classes of shares.

The total distribution of dividends for the year ended 31 December 2023 will be £ 1,500,000 .

DIRECTOR
Mr P J Ranson held office during the whole of the period from 1 January 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

ON BEHALF OF THE BOARD:





Mr P J Ranson - Director


28 August 2024

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
4X SOLUTIONS (UK) LTD



In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 4x Solutions (Uk) Ltd for the year ended 31 December 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of 4x Solutions (Uk) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 4x Solutions (Uk) Ltd and state those matters that we have agreed to state to the director of 4x Solutions (Uk) Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that 4x Solutions (Uk) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 4x Solutions (Uk) Ltd. You consider that 4x Solutions (Uk) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of 4x Solutions (Uk) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE


28 August 2024

4X SOLUTIONS (UK) LTD (REGISTERED NUMBER: 07098728)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER 3,165,986 2,681,503

Cost of sales 655,656 358,129
GROSS PROFIT 2,510,330 2,323,374

Administrative expenses 746,796 354,299
OPERATING PROFIT 4 1,763,534 1,969,075


Interest payable and similar expenses 4,715 20,033
PROFIT BEFORE TAXATION 1,758,819 1,949,042

Tax on profit 384,790 378,082
PROFIT FOR THE FINANCIAL YEAR 1,374,029 1,570,960

4X SOLUTIONS (UK) LTD (REGISTERED NUMBER: 07098728)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 280,868 138,238

CURRENT ASSETS
Debtors 7 1,996,174 379,169
Cash at bank 278,680 508,619
2,274,854 887,788
CREDITORS
Amounts falling due within one year 8 2,344,524 703,369
NET CURRENT (LIABILITIES)/ASSETS (69,670 ) 184,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,198

322,657

CREDITORS
Amounts falling due after more than one year 9 - (16,989 )

PROVISIONS FOR LIABILITIES (66,060 ) (34,559 )
NET ASSETS 145,138 271,109

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 145,038 271,009
SHAREHOLDERS' FUNDS 145,138 271,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

4X SOLUTIONS (UK) LTD (REGISTERED NUMBER: 07098728)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





Mr P J Ranson - Director


4X SOLUTIONS (UK) LTD (REGISTERED NUMBER: 07098728)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

4x Solutions (Uk) 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 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.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Computer equipment - 25% on cost

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 statement of financial position date.

Deferred tax
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain item for taxation and accounting purposes. In general, deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

However, deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is not recognised on revaluation gains. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4X SOLUTIONS (UK) LTD (REGISTERED NUMBER: 07098728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. OPERATING PROFIT

The operating profit is stated after charging:

31.12.23 31.12.22
£    £   
Depreciation - owned assets 75,477 39,790

5. DIVIDENDS
31.12.23 31.12.22
£    £   
Ordinary shares of £1 each
Interim 1,500,000 1,300,000

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 142,323 216,969 - 11,588 370,880
Additions - 156,817 61,290 - 218,107
At 31 December 2023 142,323 373,786 61,290 11,588 588,987
DEPRECIATION
At 1 January 2023 28,465 195,801 - 8,376 232,642
Charge for year 28,465 31,857 12,258 2,897 75,477
At 31 December 2023 56,930 227,658 12,258 11,273 308,119
NET BOOK VALUE
At 31 December 2023 85,393 146,128 49,032 315 280,868
At 31 December 2022 113,858 21,168 - 3,212 138,238

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 195,484 291,438
Other debtors 16,731 16,731
Amounts due from group
undertakings 1,681,170 71,000
Prepayments 102,789 -
1,996,174 379,169

4X SOLUTIONS (UK) LTD (REGISTERED NUMBER: 07098728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 32,841
Trade creditors 108,355 55,337
Taxation and social security 549,400 519,471
Other creditors 1,686,769 95,720
2,344,524 703,369

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 16,989

10. ULTIMATE CONTROLLING PARTY

Wildcat Holdings Limited is an ultimate parent company.