WEBULL SECURITIES (UK) LTD

Company Registration Number:
13437270 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

WEBULL SECURITIES (UK) LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

WEBULL SECURITIES (UK) LTD

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

Webull Securities (UK) Ltd (the "Company") has been authorised to carry out investment business by the Financial Conduct Authority since October 2022. It commenced business at the beginning of July 2023, offering stockbroking platform, execution and clearing broking services in equities to retail clients. The Company's platform offers equity investments in the US and Asian markets.



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

B W James
N L Saunders
A Wang
H C Wang


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
17 April 2025

And signed on behalf of the board by:
Name: N L Saunders
Status: Director

WEBULL SECURITIES (UK) LTD

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 356,507 25,684
Gross profit(or loss): 356,507 25,684
Administrative expenses: ( 2,629,810 ) ( 3,757,915 )
Operating profit(or loss): (2,273,303) (3,732,231)
Interest receivable and similar income: 175,286 21,818
Profit(or loss) before tax: (2,098,017) (3,710,413)
Profit(or loss) for the financial year: (2,098,017) (3,710,413)

WEBULL SECURITIES (UK) LTD

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 8,219 8,376
Total fixed assets: 8,219 8,376
Current assets
Debtors: 4 377,253 383,965
Cash at bank and in hand: 6,465,721 6,840,322
Total current assets: 6,842,974 7,224,287
Creditors: amounts falling due within one year: 5 ( 2,694,226 ) ( 1,346,861 )
Net current assets (liabilities): 4,148,748 5,877,426
Total assets less current liabilities: 4,156,967 5,885,802
Total net assets (liabilities): 4,156,967 5,885,802
Capital and reserves
Called up share capital: 10,000,001 10,000,001
Other reserves: 1,079,787 710,605
Profit and loss account: (6,922,821 ) (4,824,804 )
Total Shareholders' funds: 4,156,967 5,885,802

The notes form part of these financial statements

WEBULL SECURITIES (UK) LTD

Balance sheet statements

For the year ending 31 December 2024 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 17 April 2025
and signed on behalf of the board by:

Name: N L Saunders
Status: Director

The notes form part of these financial statements

WEBULL SECURITIES (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 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

    Turnover policy

    Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Computers Straight line over 3 years The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

    Valuation information and policy

    Financial instruments The company has elected to apply the provisions of Section 11 'Basic financial instruments' and Section 112 'Other Financial Instrument issues of FRS102 to all of its financial instruments.

    Other accounting policies

    Employee benefits The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

WEBULL SECURITIES (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 8 5

WEBULL SECURITIES (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 0 12,057 12,057
Additions 382 3,875 4,257
Disposals ( 474 ) ( 474 )
Revaluations
Transfers
At 31 December 2024 382 15,458 15,840
Depreciation
At 1 January 2024 0 3,681 3,681
Charge for year 38 4,192 4,230
On disposals ( 290 ) ( 290 )
Other adjustments
At 31 December 2024 38 7,583 7,621
Net book value
At 31 December 2024 344 7,875 8,219
At 31 December 2023 0 8,376 8,376

WEBULL SECURITIES (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
£ £
Trade debtors 182,422 214,376
Prepayments and accrued income 59,144 70,874
Other debtors 135,687 98,715
Total 377,253 383,965

Amounts owed by group undertakings

WEBULL SECURITIES (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 281,133 199,999
Taxation and social security 6,713 9,601
Accruals and deferred income 215,578 141,040
Other creditors 2,190,802 996,221
Total 2,694,226 1,346,861