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REGISTERED NUMBER: 14091110 (England and Wales)















Hashdex Europe Limited

Financial Statements

for the Year Ended 31 December 2023






Hashdex Europe Limited (Registered number: 14091110)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hashdex Europe Limited

Company Information
for the year ended 31 December 2023







Directors: M Magalhaes De Sampaio
B Ramos De Sousa





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 14091110 (England and Wales)

Hashdex Europe Limited (Registered number: 14091110)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investments 4 82,850 82,850

Current assets
Cash at bank 42,829 108,581

Creditors
Amounts falling due within one year 5 89,700 97,255
Net current (liabilities)/assets (46,871 ) 11,326
Total assets less current liabilities 35,979 94,176

Capital and reserves
Called up share capital 580,000 350,000
Retained earnings (544,021 ) (255,824 )
Shareholders' funds 35,979 94,176

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.

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 18 September 2024 and were signed on its behalf by:




M Magalhaes De Sampaio - Director



B Ramos De Sousa - Director


Hashdex Europe Limited (Registered number: 14091110)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Hashdex Europe 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.

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 presentation currency is £ sterling.

Significant judgements and estimates
In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The director's judgements, estimated and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Critical judgements in applying the Company's accounting policies
The critical judgement that the directors have made in the process of applying the Company's accounting policies that have the most significant effect on the amounts recognised in the statutory financial statements are discussed below.

(i) Assessing indicators and impairment
In assessing whether there have been any indicators or impairment assets, the director has considered both external and internal sources of information such as market conditions, counterparty credit ratings and experience or recoverability. There have been no inductors or impairments identified during the current financial year.

Hashdex Europe Limited (Registered number: 14091110)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Financial instruments
Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables, loans and borrowings. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments.

Financial assets - classified as basic financial instruments

(i) Cash and cash equivalents
This includes cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the Company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment 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 receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss.

(iii) Equity investments
Equity investments comprise ordinary shares, for which a reliable fair value cannot be measured reliably. Any equity investments held are initially recognised at cost, which is the transaction price excluding transaction costs.

(iv) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method.

Going concern
These financial statements have been prepared on a going concern basis.

The directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the Company's ability to continue as a going concern. Thus the directors have adopted the going concern basis of accounting in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 January 2023
and 31 December 2023 82,850
Net book value
At 31 December 2023 82,850
At 31 December 2022 82,850

Hashdex Europe Limited (Registered number: 14091110)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. Fixed asset investments - continued

On 27 May 2022, the company purchased 100% of the issued share capital in Hashdex AG

5. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts - 212
Amounts owed to group undertakings 82,850 82,850
Social security and other taxes - 7,593
Accruals and deferred income 6,850 6,600
89,700 97,255

6. Ultimate controlling party

There is no ultimate controlling party.