CURRENCY NETWORK LTD

Company Registration Number:
14603405 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2025

Period of accounts

Start date: 01 February 2024

End date: 31 January 2025

CURRENCY NETWORK LTD

Contents of the Financial Statements

for the Period Ended 31 January 2025

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Profit and Loss notes - 11
Balance sheet notes - 12

CURRENCY NETWORK LTD

Company Information

for the Period Ended 31 January 2025




Director: Animesh Ghosh
Rajib Ghosh
Secretary: Rajib Ghosh
Registered office: 71-75
Shelton Street
Covent Garden
London
GBR
WC2H 9JQ
Company Registration Number: 14603405 (England and Wales)

CURRENCY NETWORK LTD

Directors' Report Period Ended 31 January 2025

The directors present their report with the financial statements of the company for the period ended 31 January 2025

Principal Activities

The company's principal activity during the period was developing next generation digital payment infrastructure.

Directors

The directors shown below have held office during the whole of the period from 01 February 2024 to 31 January 2025
Animesh Ghosh
Rajib Ghosh

Secretary
Rajib Ghosh

This report was approved by the board of directors on 14 March 2025
And Signed On Behalf Of The Board By:

Name: Animesh Ghosh
Status: Director

Name: Rajib Ghosh
Status: Director

CURRENCY NETWORK LTD

Profit and Loss Account

for the Period Ended 31 January 2025


Notes

2025
£

2024
£
Turnover 239,966 69,482
Cost of sales - ( 3,043 )
Gross Profit or (Loss) 239,966 66,439
Administrative Expenses ( 292,353 ) ( 192,455 )
Other operating income 33,333 -
Operating Profit or (Loss) ( 19,054 ) ( 126,016 )
Profit or (Loss) Before Tax 4 ( 19,054 ) ( 126,016 )
Profit or (Loss) for Period ( 19,054 ) ( 126,016 )

The notes form part of these financial statements

CURRENCY NETWORK LTD

Balance sheet

As at 31 January 2025


Notes

2025
£

2024
£
Fixed assets
Tangible assets: 5 1,939
Total fixed assets: 1,939
Current assets
Cash at bank and in hand: 22,601 133
Total current assets: 22,601 133
Creditors: amounts falling due within one year: 6 ( 8,000 )
Net current assets (liabilities): 14,601 133
Total assets less current liabilities: 16,540 133
Creditors: amounts falling due after more than one year: 7 ( 6,601 ) ( 11,150 )
Accruals and deferred income: ( 70,000 ) ( 40,000 )
Total net assets (liabilities): ( 60,061 ) ( 51,017 )

The notes form part of these financial statements

CURRENCY NETWORK LTD

Balance sheet continued

As at 31 January 2025


Notes

2025
£

2024
£
Capital and reserves
Called up share capital: 85,010 75,000
Profit and loss account: ( 145,071 ) ( 126,017 )
Shareholders funds: ( 60,061 ) ( 51,017 )

For the year ending 31 January 2025 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 14 March 2025
And Signed On Behalf Of The Board By:

Name: Animesh Ghosh
Status: Director

Name: Rajib Ghosh
Status: Director

The notes form part of these financial statements

CURRENCY NETWORK LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CURRENCY NETWORK LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 2. Employees


    2025

    2024
    Average number of employees during the period 1 2

CURRENCY NETWORK LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 3. Off balance sheet disclosure

    No

CURRENCY NETWORK LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

4.Profit or (Loss) before tax

Other operating Income incudes:
- R&D tax credit amount of 31361.62 received on 15th August
- VAT return for January 2024 of amount 1971.64 received as part of the quarterly VAT claim on 4th April 2024.

CURRENCY NETWORK LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

5. Tangible assets

Office equipment Total
Cost £ £
At 01 February 2024 - -
Additions 2,493 2,493
Disposals - -
Revaluations - -
Transfers - -
At 31 January 2025 2,493 2,493
Depreciation
At 01 February 2024 - -
Charge for year 554 554
On disposals - -
Other adjustments - -
At 31 January 2025 554 554
Net book value
At 31 January 2025 1,939 1,939
At 31 January 2024 - -

This is for the laptop purchased in 2024.

CURRENCY NETWORK LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

6.Creditors: amounts falling due within one year note


2025
£

2024
£
Trade creditors 8,000
Total 8,000

8000 GBP from CRA consulting November 2024 invoice is pending to be paid.

CURRENCY NETWORK LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

7.Creditors: amounts falling due after more than one year


2025
£

2024
£
Other creditors 6,601 11,150
Total 6,601 11,150

These are loans provided by Directors to the company for the operating expenses of the company.