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Company No: 11450692 (England and Wales)

FINANCIAL EDGE HOLDING CO LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

FINANCIAL EDGE HOLDING CO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

FINANCIAL EDGE HOLDING CO LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
FINANCIAL EDGE HOLDING CO LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
DIRECTORS Mr A J G Matchett
Ms A C Ward
REGISTERED OFFICE 2nd Floor 105-107 Farringdon Road
London
EC1R 3BU
United Kingdom
COMPANY NUMBER 11450692 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
2nd Floor
201 Great Portland Street
Marylebone
London
W1W 5AB
United Kingdom
FINANCIAL EDGE HOLDING CO LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2024
FINANCIAL EDGE HOLDING CO LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024
Note 2024 2023
£ £
Fixed assets
Investments 4 1,077,095 1,077,095
1,077,095 1,077,095
Current assets
Debtors 5 58,559 0
Cash at bank and in hand 1,100 1,660
59,659 1,660
Creditors: amounts falling due within one year 6 ( 910,370) ( 849,966)
Net current liabilities (850,711) (848,306)
Total assets less current liabilities 226,384 228,789
Net assets 226,384 228,789
Capital and reserves
Called-up share capital 7 1,000 1,000
Profit and loss account 225,384 227,789
Total shareholders' funds 226,384 228,789

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Financial Edge Holding Co Limited (registered number: 11450692) were approved and authorised for issue by the Board of Directors on 09 July 2025. They were signed on its behalf by:

Mr A J G Matchett
Director
FINANCIAL EDGE HOLDING CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
FINANCIAL EDGE HOLDING CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Financial Edge Holding Co Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor 105-107 Farringdon Road, London, England, EC1R 3BU

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (FRS 102") and the requirements of the Companies Act 2006.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

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

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

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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 of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Dividends on equity shares

2024 2023
£ £
Amounts recognised as distributions to equity holders in the financial year:
Final paid 162,414 1,122,414

4. Fixed asset investments

2024 2023
£ £
Subsidiary undertakings 1,077,095 1,077,095

Investments in subsidiaries

2024
£
Cost
At 01 January 2024 1,077,095
At 31 December 2024 1,077,095
Carrying value at 31 December 2024 1,077,095
Carrying value at 31 December 2023 1,077,095

Investments in shares

Name of entity Registered office Class of
shares
Ownership
31.12.2024
Ownership
31.12.2023
Held
IBHero.com UK Ordinary Shares of £1 95.00% 95.00% Direct
Financial Edge Training Ltd UK Ordinary Shares of £1 100.00% 100.00% Direct
IBhero.com US Inc. USA Common Stock 100.00% 100.00% Direct
Financial Edge (Asia) Ltd Hong Kong Common Shares 100.00% 100.00% Direct
Financial Edge Training PTE. Ltd Singapore 100.00% 100.00% Direct

5. Debtors

2024 2023
£ £
Amounts owed by related parties 58,559 0

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 22,128 0
Amounts owed to Group undertakings 642,533 257,756
Amounts owed to directors 79,481 484,541
Dividends payable 166,228 107,669
910,370 849,966

Included within creditors: amounts falling due within one year are unsecured convertible loans totalling £79,136 (2023: £479,136). The noteholder has the right to convert all outstanding notes held into preference shares at any point before repayment of principal. Interest of £1,844.46 (2023: £3,953.51) has been charged on these loan notes.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000

8. Related party transactions

Transactions with owners holding a participating interest in the entity

2024 2023
£ £
Amounts owed by a participating interest 58,559 58,559
Amounts owed to a participating interest (166,228) 166,278

Transactions with entities in which the entity itself has a participating interest

2024 2023
£ £
Amounts owed to a company in which Financial Edge Holding Ltd has a participating interest (407,532) 628

In accordance with FRS 102 paragraph 33.1A, the exemption has been taken from disclosing transactions and balances with its wholly-owned subsidiaries.