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REGISTERED NUMBER: 09722155 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2023

for

LiDex Trading Ltd

LiDex Trading Ltd (Registered number: 09722155)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


LiDex Trading Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D Bak
Mrs L Jankowska-Bak





REGISTERED OFFICE: St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN





REGISTERED NUMBER: 09722155 (England and Wales)





ACCOUNTANTS: Clay GBP Ltd
St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN

LiDex Trading Ltd (Registered number: 09722155)

Abridged Statement of Financial Position
31 December 2023

2023 2022
Notes €    €    €    €   
FIXED ASSETS
Tangible assets 5 11,825 8,887

CURRENT ASSETS
Debtors 1,079,982 1,188,580
Investments 2,226,874 3,815,684
Cash at bank and in hand 6,003,619 4,307,983
9,310,475 9,312,247
CREDITORS
Amounts falling due within one year 1,148,166 1,515,909
NET CURRENT ASSETS 8,162,309 7,796,338
TOTAL ASSETS LESS CURRENT LIABILITIES 8,174,134 7,805,225


CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 8,174,132 7,805,223
SHAREHOLDERS' FUNDS 8,174,134 7,805,225
8,174,134 7,805,225

LiDex Trading Ltd (Registered number: 09722155)

Abridged Statement of Financial Position - continued
31 December 2023


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 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





D Bak - Director


LiDex Trading Ltd (Registered number: 09722155)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

LiDex Trading 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.

The presentation currency of the financial statements is the Euro (€).


The company's place of business is Brunel, Gordon Avenue, Dublin, Ireland, D18 RWH7.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention, modified to include certain assets at fair value.

Turnover
The following criteria was assessed to arrive at fair value of the consideration received or receivable from trades:
1) For trades which are bought and sold on the same day, the gross margin from the trade is recognised as turnover.
2) For trades which are held more than a day, the turnover is the gross amount of the proceeds received from the sale of the trades.
3) If there is a mixture of trades stated in points 1 and 2, then a view is taken as to which is the predominant type of trade and how long they are held and the relevant principle from points 1 and 2 is applied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

LiDex Trading Ltd (Registered number: 09722155)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of a company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expense in the income statement.

Financial assets and liabilities
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs).

Trade debtors
Trade debtors are recognised initially at transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivable.

Trade creditors
Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as amounts falling due after more than one year.

Equity instruments
Equity instruments are measured at the fair value of the cash or other resources transferred or transferrable, net of the direct costs of issuing or receiving the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into euros at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

LiDex Trading Ltd (Registered number: 09722155)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. ACCOUNTING POLICIES - continued

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.

Investments
Investments represents the market value of all open trading positions at the balance sheet date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Totals
€   
COST
At 1 January 2023 34,180
Additions 8,915
At 31 December 2023 43,095
DEPRECIATION
At 1 January 2023 25,293
Charge for year 5,977
At 31 December 2023 31,270
NET BOOK VALUE
At 31 December 2023 11,825
At 31 December 2022 8,887

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: €    €   
198 Ordinary £0.01 2 2
2 A Ordinary £0.01 - -
2 2

LiDex Trading Ltd (Registered number: 09722155)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
€    €   
D Bak
Balance outstanding at start of year - -
Amounts advanced 2,029,269 -
Amounts repaid (1,079,670 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 949,599 -

The above represents the highest balance during the year. The loan has been provided with no fixed repayment terms and with no security.