LIKEX LTD

Company Registration Number:
15426732 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 19 January 2024

End date: 30 September 2024

LIKEX LTD

Contents of the Financial Statements

for the Period Ended 30 September 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

LIKEX LTD

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Principal activities of the company

Dear Shareholders, this first year of your Company activity has come to an end. You will therefore find in this report the Likex Ltd 30 September 2024, Year End Financials. Those Financials have obviously no reference to previous years and they have a simplified structure. This structure is essentially due because the Founder of the Company and the inventor of the various products, contributed them to the Company as Equity Capital in Kind and has paid all costs related to its management up to the date of this balance sheet. After the initial phase where all the shares were held by the Founder himself, the Likex Ltd majority (51%) was sold at the double of the net asset value to a Holding Company, namely The Tithe Value PLC in exchange for shares in the latter. Actually, the other shareholders are the Directors and the Founder. This first year saw a strong development in technology and innovation and the first product, ‘The Likex Crypto Centralized Exchnge’, designed by Likex Ltd, on an PayBitoHashcash with label technology, is already on the market and its available for all traders independently form they country of residence. We are planning anyhow to change the provider for this service in 2025 The next products to be in the market will be a proprietary “Swiss Franc Stable Coin” with banking deposit and guarantee and a proprietary “Crypto and Fiat Payment Wallet” that will use the Holding’s patent, agreement and technologies. Specific innovation also continued with the conception for new, unique and proprietary products. Those proprietary products will be the: Mirror Token The Versus Token The Hyper value Token Likex specialisation will be to become a niche Crypto issuer for innovative ways to conceive the Crypto world. The income from all these products, in the process of being launched, will bring turnover as early as the year 2025 and will allow us to be in breakeven within 24 months of the creation of the company. 2025 goal is also to obtain a European VASP (Virtual Asset Service Provider) Licence and to have our product in compliance with the new MiCA European Legislation (The Markets in Crypto Assets Regulation) All of the above and all of the work that has been done has allowed Likex Ltd to be, after only one year, an operational company, with products on the market, without any debt and with commercial and operational agreements to make the issuance of proprietary and third-party Crypto products in a simple and fast way and to be a scalable project, and this without need at this stage for major financial resources. Domenico Palladino Director



Directors

The director shown below has held office during the whole of the period from
19 January 2024 to 30 September 2024

Domenico Palladino


Secretary RoR Holdings PLC

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
19 October 2024

And signed on behalf of the board by:
Name: RoR Holdings PLC
Status: Secretary

LIKEX LTD

Profit And Loss Account

for the Period Ended 30 September 2024

8 months to 30 September 2024


£
Turnover: 0
Cost of sales: 0
Gross profit(or loss): 0
Distribution costs: 0
Administrative expenses: ( 13,500 )
Other operating income: 0
Operating profit(or loss): (13,500)
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: (13,500)
Tax: 0
Profit(or loss) for the financial year: (13,500)

LIKEX LTD

Balance sheet

As at 30 September 2024

Notes 8 months to 30 September 2024


£
Called up share capital not paid: 0
Fixed assets
Intangible assets: 3 700,000
Tangible assets: 4 5,000
Investments: 5 150,000
Total fixed assets: 855,000
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 0
Investments:   0
Total current assets: 0
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 0
Total assets less current liabilities: 855,000
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: ( 5,000 )
Accruals and deferred income: 0
Total net assets (liabilities): 850,000
Capital and reserves
Called up share capital: 10,000
Share premium account: 853,500
Other reserves: 0
Profit and loss account: (13,500 )
Total Shareholders' funds: 850,000

The notes form part of these financial statements

LIKEX LTD

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 19 October 2024
and signed on behalf of the board by:

Name: Domenico Palladino
Status: Director

The notes form part of these financial statements

LIKEX LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

LIKEX LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    8 months to 30 September 2024
    Average number of employees during the period 0

LIKEX LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
Additions 700,000 700,000
Disposals
Revaluations
Transfers
At 30 September 2024 700,000 700,000
Amortisation
Charge for year
On disposals
Other adjustments
At 30 September 2024
Net book value
At 30 September 2024 700,000 700,000

LIKEX LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 5,000 5,000
Disposals
Revaluations
Transfers
At 30 September 2024 5,000 5,000
Depreciation
Charge for year
On disposals
Other adjustments
At 30 September 2024
Net book value
At 30 September 2024 5,000 5,000

LIKEX LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Fixed assets investments note

Computer and servers