IRIS Accounts Production v25.1.0.734 10143559 Board of Directors 1.1.24 31.12.24 31.12.24 1/5/25 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh101435592023-12-31101435592024-12-31101435592024-01-012024-12-31101435592022-12-31101435592023-01-012023-12-31101435592023-12-3110143559ns15:EnglandWales2024-01-012024-12-3110143559ns14:PoundSterling2024-01-012024-12-3110143559ns10:Director12024-01-012024-12-3110143559ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3110143559ns10:SmallEntities2024-01-012024-12-3110143559ns10:Audited2024-01-012024-12-3110143559ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3110143559ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3110143559ns10:FullAccounts2024-01-012024-12-3110143559ns10:Director22024-01-012024-12-3110143559ns10:RegisteredOffice2024-01-012024-12-3110143559ns5:CurrentFinancialInstruments2024-12-3110143559ns5:CurrentFinancialInstruments2023-12-3110143559ns5:ShareCapital2024-12-3110143559ns5:ShareCapital2023-12-3110143559ns5:RetainedEarningsAccumulatedLosses2024-12-3110143559ns5:RetainedEarningsAccumulatedLosses2023-12-3110143559ns5:LeaseholdImprovements2024-01-012024-12-3110143559ns5:FurnitureFittings2024-01-012024-12-3110143559ns5:ComputerEquipment2024-01-012024-12-3110143559ns5:LeaseholdImprovements2023-12-3110143559ns5:FurnitureFittings2023-12-3110143559ns5:ComputerEquipment2023-12-3110143559ns5:LeaseholdImprovements2024-12-3110143559ns5:FurnitureFittings2024-12-3110143559ns5:ComputerEquipment2024-12-3110143559ns5:LeaseholdImprovements2023-12-3110143559ns5:FurnitureFittings2023-12-3110143559ns5:ComputerEquipment2023-12-3110143559ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3110143559ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3110143559ns5:WithinOneYear2024-12-3110143559ns5:WithinOneYear2023-12-3110143559ns5:BetweenOneFiveYears2024-12-3110143559ns5:BetweenOneFiveYears2023-12-3110143559ns5:AllPeriods2024-12-3110143559ns5:AllPeriods2023-12-3110143559ns5:DeferredTaxation2023-12-3110143559ns5:DeferredTaxation2024-01-012024-12-3110143559ns5:DeferredTaxation2024-12-31
REGISTERED NUMBER: 10143559 (England and Wales)












Digital Asset Holdings UK Limited

Financial Statements

for the Year Ended 31 December 2024






Digital Asset Holdings UK Limited (Registered number: 10143559)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Digital Asset Holdings UK Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Y Rooz
E Rios



REGISTERED OFFICE: Dashwood House
69 Old Broad Street
London
EC2M 1QS



REGISTERED NUMBER: 10143559 (England and Wales)



AUDITORS: Just Audit Limited
Chartered Accountants and Statutory Auditors
Strelley Hall
Main Street
Strelley
Nottingham
NG8 6PE



ACCOUNTANTS: Clarkson Cleaver & Bowes Limited
8a Wingbury Courtyard Business Village
Wingrave
Bucks
HP22 4LW

Digital Asset Holdings UK Limited (Registered number: 10143559)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 38,210 65,427

CURRENT ASSETS
Debtors 6 666,142 704,139
Cash at bank 749,720 219,127
1,415,862 923,266
CREDITORS
Amounts falling due within one
year

7

918,490

607,786
NET CURRENT ASSETS 497,372 315,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

535,582

380,907

PROVISIONS FOR LIABILITIES 9 9,553 16,357
NET ASSETS 526,029 364,550

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 525,029 363,550
SHAREHOLDERS' FUNDS 526,029 364,550

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 1 May 2025 and were signed on its behalf by:





E Rios - Director


Digital Asset Holdings UK Limited (Registered number: 10143559)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Digital Asset Holdings UK Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10143559, and its registered office is Dashwood House, 69 Old Broad Street, London. EC2M 1QS.

The presentation currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 20% straight line
Fixtures and fittings - 20% straight line
Computer equipment - 33.33% straight line

Tangible fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement.

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 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 and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation liabilities are not discounted.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Digital Asset Holdings UK Limited (Registered number: 10143559)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The pension costs charged in the financial statements represent the contributions payable by the company for the year.

Going concern
The accounts have been prepared on the going concern basis due to the fact that the company has the continued support of the group which has adequate resources to continue in operational existence for the foreseeable future. The directors have given assurances that this support will continue for the foreseeable future.

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 28 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 10,841 16,332 104,269 131,442
Additions - - 6,665 6,665
Disposals - (345 ) - (345 )
At 31 December 2024 10,841 15,987 110,934 137,762
DEPRECIATION
At 1 January 2024 361 399 65,255 66,015
Charge for year 2,169 3,192 28,176 33,537
At 31 December 2024 2,530 3,591 93,431 99,552
NET BOOK VALUE
At 31 December 2024 8,311 12,396 17,503 38,210
At 31 December 2023 10,480 15,933 39,014 65,427

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 474,662 577,895
Other debtors 191,480 126,244
666,142 704,139

Digital Asset Holdings UK Limited (Registered number: 10143559)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 90,677 21,231
Amounts owed to group undertakings 363,210 410,216
Taxation and social security 213,383 44,272
Other creditors 251,220 132,067
918,490 607,786

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 382,452 380,674
Between one and five years - 4,052
382,452 384,726

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 9,553 16,357

Deferred
tax
£   
Balance at 1 January 2024 16,357
Provided during year (6,804 )
Balance at 31 December 2024 9,553

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

The Report of the Auditors was unqualified.

Rachel Davis BA FCA (Senior Statutory Auditor)
for and on behalf of Just Audit Limited

11. PARENT UNDERTAKING

The parent company for the smallest group for which consolidated financial statements are prepared is Digital Asset (Switzerland) GmbH of Thurgauerstrasse 40, Zurich 8050, Switzerland. The results of Digital Asset Holdings UK Ltd have been included in the consolidated financial statements.The ultimate holding company is Digital Asset Holdings, LLC, incorporated in the USA.