Company Registration No. 13853170 (England and Wales)
TOKEN TRAXX HOLD CO LTD
Unaudited accounts
for the year ended 31 January 2024
TOKEN TRAXX HOLD CO LTD
Unaudited accounts
Contents
TOKEN TRAXX HOLD CO LTD
Company Information
for the year ended 31 January 2024
Directors
T Gentry
J Jain
Galaxy Trading Asia Limited
Company Number
13853170 (England and Wales)
Registered Office
Suite 6, Floor 2
Congress House, 14 Lyon Road
Harrow
HA1 2EN
Accountants
Evolve Accounting and Tax Solutions Ltd
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
TOKEN TRAXX HOLD CO LTD
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
89
89
Net current assets
208,283
89
Total assets less current liabilities
208,294
100
Creditors: amounts falling due after more than one year
(208,194)
-
Called up share capital
100
100
Shareholders' funds
100
100
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by
T Gentry
Director
Company Registration No. 13853170
TOKEN TRAXX HOLD CO LTD
Notes to the Accounts
for the year ended 31 January 2024
TOKEN TRAXX HOLD CO LTD is a private company, limited by shares, registered in England and Wales, registration number 13853170. The registered office is Suite 6, Floor 2, Congress House, 14 Lyon Road, Harrow, HA1 2EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Simple Agreement for Future Equity
Income generated from Simple Agreements of Future Equity is recognised when the event takes place that makes the transfer of equity under the agreement complete.
A Simple Agreement of Future Equity (SAFE) is an agreement between an investor and a company that provides rights to the investor for future equity in the company similar to a warrant, except without determining a specific price per share at the time of the initial investment. The SAFE investor receives the future shares when a priced round of investment or liquidity event occurs
4
Investments
Subsidiary undertakings
Valuation at 1 February 2023
11
Valuation at 31 January 2024
11
At the Balance Sheet date, company owns 100% shares of Token Traxx Music Ltd ( 1000 Ordinary shares at nominal value of £10) and Token Traxx Trading Ltd (1 Ordinary share at nominal value of £1)
Amounts falling due after more than one year
Amounts due from group undertakings etc.
208,194
-
6
Creditors: amounts falling due after more than one year
2024
2023
At the Balance Sheet date other creditors include an amount of £208,194 received in respect of Simple Agreements for Future Equity.
TOKEN TRAXX HOLD CO LTD
Notes to the Accounts
for the year ended 31 January 2024
7
Transactions with related parties
Included in debtors is an amount due from Token Traxx Music Limited of £208,194.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).