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Registered number: 11662176












ARCHAX BROKERAGE LTD
UNAUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 

ARCHAX BROKERAGE LTD

CONTENTS



Page
Company information
1
Directors' report
2 - 3
Profit and loss account
4
Balance sheet
5
Statement of changes in equity
6
Notes to the financial statements
7 - 9


 

ARCHAX BROKERAGE LTD
 
COMPANY INFORMATION


Directors
A Flatt 
M Pollard 
G Rodford 




Company secretary
N Fernandes



Registered number
11662176



Registered office
10 Queen Street Place

London

England

EC4R 1BE




Page 1

 

ARCHAX BROKERAGE LTD

DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors' responsibilities statement

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Directors

The directors who served during the year were:

A Flatt 
M Pollard 
G Rodford 

Page 2

 

ARCHAX BROKERAGE LTD

DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

Engagement with suppliers, customers and others

The Directors of Archax Brokerage Ltd recognise the importance of building strong relationships with suppliers,
investors, and other key stakeholders.
Suppliers:
At this early stage, the Company works closely with a limited number of service providers, including
cryptocurrency exchanges, wallet providers, and technology partners. These relationships are essential for the
secure and efficient management of the fund’s operations. The Company is committed to maintaining clear and
open communication with these providers to ensure smooth collaboration and address any issues as they arise.
Investors:
While the Company does not yet have customers, it remains focused on building relationships with current and
prospective investors. Regular updates are shared with investors on the progress of the fund, market
developments, and potential investment opportunities in the cryptocurrency space. The Company aims to keep
investors informed and engaged as the fund grows.
Other Stakeholders:
In these early days, the Company is also engaging with various industry participants to stay informed about best
practices, technological advancements, and trends in the cryptocurrency sector.

Post balance sheet events

There have been no significant events affecting the Company since the year end.

This report was approved by the board and signed on its behalf.
 





G Rodford
Director

Date: 28 May 2025

Page 3

 

ARCHAX BROKERAGE LTD
 
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024

The Company has not traded during the year or the preceding financial year. During these periods, the Company received no income and incurred no expenditure and therefore made neither profit or loss.

Page 4


 
REGISTERED NUMBER:11662176
ARCHAX BROKERAGE LTD

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
300
300

  
300
300

Total assets less current liabilities
  
 
 
300
 
 
300

  

Net assets
  
300
300


Capital and reserves
  

Called up share capital 
 5 
300
300

  
300
300




For the year ended 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




G Rodford
Director

Date: 28 May 2025

The notes on pages 7 to 9 form part of these financial statements.

Page 5

 

ARCHAX BROKERAGE LTD

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Total equity

£
£


At 1 January 2023
300
300



At 1 January 2024
300
300


At 31 December 2024
300
300


The notes on pages 7 to 9 form part of these financial statements.

Page 6

 

ARCHAX BROKERAGE LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Archax Brokerage Ltd is a private company limited by shares and it is incorporated in England and Wales (company registration number 11662176). Its registered address is 10 Queen Street Place, London, EC4R 1BE

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

  
2.2

Going concern

In determining the appropriate basis of preparation of the financial statements for the year ended 31 December 2024, the directors are required to consider whether the Company can continue in operational existence for the foreseeable future. The Board has concluded that it is appropriate to adopt the going concern basis, having undertaken an updated assessment of the viability of the business model that the Company has established. This assessment takes into account the Company's liquidity position and financial forecasts including mitigants within the control of Directors.

  
2.3

Financial instruments

The company does not trade in financial instruments and all such instruments arise directly from operations. All trade and other debtors are initially recognised at transaction value as none contain in substance a financing transaction. Thereafter, trade and other debtors are reviewed for impairment where there is objective evidence based on observable data that the balance may be impaired. The company does not hold collateral against its trade and other receivables so its exposure to credit risk is the net balance of trade and other receivables after allowance for impairment, Trade and other creditors and accruals are initially recognised at transaction value as none represent a financing transaction. They are only derecognised when they are extinguished.

 
2.4

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Archax Group Ltd as at  31 December 2024 and these financial statements may be obtained from Companies House.


3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
3
3
Page 7

 

ARCHAX BROKERAGE LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.Employees (continued)


Page 8

 

ARCHAX BROKERAGE LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
300
300

300
300



5.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



30,000 (2023 - 30,000) A Ordinary shares of £0.01 each
300
300



6.


Controlling party

The parent undertaking of the smallest group of undertakings for which group financial statements are drawn up and of which the Company is a member is Archax Group Limited (formerly known as Archax Holdings Limited), whose registered office is at 10 Queen Street Place, London, England, EC4R 1BE. Copies of these group financial statements are available to the public from its registered office.

Page 9