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REGISTERED NUMBER: 14277667 (England and Wales)















Financial Statements

for the Period

1 July 2023 to 31 December 2024

for

FD Payments Ltd

FD Payments Ltd (Registered number: 14277667)






Contents of the Financial Statements
for the Period 1 July 2023 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FD Payments Ltd

Company Information
for the Period 1 July 2023 to 31 December 2024







DIRECTORS: G Jaerv
M A A Osman
J A Thompson





REGISTERED OFFICE: 19 Leyden Street
London
E1 7LE





REGISTERED NUMBER: 14277667 (England and Wales)





AUDITORS: Turner & Co
Registered Auditors
Chartered Accountants
10a White Hart Parade
London Road
Blackwater
Camberley
Surrey
GU17 9AD

FD Payments Ltd (Registered number: 14277667)

Balance Sheet
31 December 2024

31.12.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,206 1,302

CURRENT ASSETS
Debtors 5 4,268 55,043
Cash at bank 409,440 139,838
413,708 194,881
CREDITORS
Amounts falling due within one year 6 59,568 13,917
NET CURRENT ASSETS 354,140 180,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

355,346

182,266

CAPITAL AND RESERVES
Called up share capital 480,000 280,000
Retained earnings (124,654 ) (97,734 )
355,346 182,266

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 22 March 2025 and were signed on its behalf by:





J A Thompson - Director


FD Payments Ltd (Registered number: 14277667)

Notes to the Financial Statements
for the Period 1 July 2023 to 31 December 2024

1. STATUTORY INFORMATION

FD Payments 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.

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.

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 - 20% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

FD Payments Ltd (Registered number: 14277667)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2024

2. 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.

Management fees
Management fees are received from the company's holding company to support the company whilst it establishes it's presence in the UK. The basis of the charge is cost plus as agreed between the parties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 1,628
Additions 286
At 31 December 2024 1,914
DEPRECIATION
At 1 July 2023 326
Charge for period 382
At 31 December 2024 708
NET BOOK VALUE
At 31 December 2024 1,206
At 30 June 2023 1,302

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.24 30.6.23
£    £   
Trade debtors - 49,360
Other debtors 4,268 5,683
4,268 55,043

FD Payments Ltd (Registered number: 14277667)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.24 30.6.23
£    £   
Trade creditors - 2,027
Other creditors 59,568 11,890
59,568 13,917

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Margaret Turner (Senior Statutory Auditor)
for and on behalf of Turner & Co

8. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of First Digital Group Limited, a company incorporated in Gibraltar.

The amount due to First Digital Trust Ltd at 30 June 2024 amounted to £65,368.

The company received £658,610 management fees from First Digital Trust Ltd, a fellow subsidiary company based in Hong Kongo, during the period.