Company registration number: 15140258
Unaudited financial statements
for the period ended 30 September 2024
for
CEX.IO MARKETS UK LTD
Pages for filing with the Registrar
Company registration number: 15140258
CEX.IO MARKETS UK LTD
Balance sheet
as at 30 September 2024
£ £
Current assets
Debtors 1,162
1,162
Creditors: amounts falling due within one
year
(22,474)
Net current liabilities (21,312)
NET LIABILITIES (21,312)
Capital and reserves
Called up share capital 1,000
Profit and loss account (22,312)
TOTAL EQUITY (21,312)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 30 September 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 11 June 2025 and signed on its behalf by:
Mr R EVANS, Director Mr M TOBERMAN, Director
11 June 2025 11 June 2025
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CEX.IO MARKETS UK LTD
Notes to the financial statements
for the period ended 30 September 2024
1 Company information
CEX.IO MARKETS UK LTD is a private company registered in England and Wales. Its registered number is 15140258. The company is limited by shares. Its registered office is 33 ST. JAMES'S SQUARE, LONDON, SW1Y 4JS.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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CEX.IO MARKETS UK LTD
Notes to the financial statements - continued
for the period ended 30 September 2024
2 Accounting policies - continued
Financial instruments
The Company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.



Financial assets and financial liabilities are recognised when the Company becomes party to the contractual provisions of the instrument.



Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intension to settle on a net basis or to realise the asset and settle the liability simultaneously.



Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate on interest. Financial assets classified as receivable within one year are not amortised.



Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.



Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference
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.
3 Average number of employees
During the period the average number of employees was Nil.
4 Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary share or options are shown in equity as a deduction, net of tax, from the proceeds.
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CEX.IO MARKETS UK LTD
Notes to the financial statements - continued
for the period ended 30 September 2024
5 Taxation
Taxation for the year 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
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