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REGISTERED NUMBER: 14451720 (England and Wales)












Strategic Report,

Report of the Director and

Financial Statements

for the Year Ended 31 October 2024

for

Fxify Solutions Limited

Fxify Solutions Limited (Registered number: 14451720)






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




Page

Company Information 1

Strategic Report 2

Report of the Director 3

Report of the Independent Auditors 4

Income Statement 8

Other Comprehensive Income 9

Statement of Financial Position 10

Statement of Changes in Equity 11

Statement of Cash Flows 12

Notes to the Statement of Cash Flows 13

Notes to the Financial Statements 14


Fxify Solutions Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: D P Bhidey





REGISTERED OFFICE: 142 Central Street
Clerkenwell
London
EC1V 8AR





REGISTERED NUMBER: 14451720 (England and Wales)





AUDITORS: Ardor Business Solutions Limited
Statutory Auditors
Chartered Certified Accountants
Unit 1
Shrine Barn
Sandling Road
Hythe
Kent
CT21 4HE

Fxify Solutions Limited (Registered number: 14451720)

Strategic Report
for the Year Ended 31 October 2024

The director presents his strategic report for the year ended 31 October 2024.

REVIEW OF BUSINESS
Financial position
The Company has generated a revenue of £30 million and a profit of £504,000 for the financial year ended 31.10.2024. This is a significant increased both in revenue and profit compared to previous period, where the company achieved a revenue of £3.4 million and a loss of £595,178. We have also achieved a positive balance sheet of £8,335 compared to previous year a negative of £585,178.

GOING CONCERN ASSESSMENT
In accordance with company law and accounting standards, we have conducted a thorough assessment of the company's ability to continue as a going concern. This assessment considers our current financial position and the company’s strategic plans.

1. Financial Projections:
Our detailed financial forecasts for the years ahead reflect our expectations for continued revenue growth, cost management and profitability. The projections demonstrate that we have sufficient financial resources and a viable path to achieve operational stability and profitability.

2. Strategic Plan:
Our strategic plan includes initiatives aimed at increasing revenue by way of introduction of expanding our marketing plans and campaigns, adding new platforms and tools, which will increase overall sales. We are also cutting costs by negotiating new contracts with some of our 3rd party providers.

We are actively pursuing opportunities to expand our market presence and enhance our product offerings, which are expected to contribute to improve financial performance. Furthermore, as demonstrated in our financial forecast we are optimizing operational efficiency and managing costs.

3. Management Commitment:
The management team is fully committed to executing the strategic plan and addressing any financial challenges. We are closely monitoring financial performance and will take necessary actions to mitigate risks and ensure the long-term viability of the company. The shareholder is committed to provide working capital if necessary.

Based on our assessment, we believe that the company has the financial resources and strategic direction necessary to continue as a going concern. We are taking necessary steps to strengthen our business position and ability to operate effectively to increase revenue and profitability. We remain confident in the company’s prospects and are committed to delivering on our business objectives.

ON BEHALF OF THE BOARD:





D P Bhidey - Director


1 August 2025

Fxify Solutions Limited (Registered number: 14451720)

Report of the Director
for the Year Ended 31 October 2024

The director presents his report with the financial statements of the company for the year ended 31 October 2024.

DIVIDENDS
No dividends will be distributed for the year ended 31 October 2024.

DIRECTORS
D P Bhidey has held office during the whole of the period from 1 November 2023 to the date of this report.

Other changes in directors holding office are as follows:

G S Kundnani - resigned 5 July 2024

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is 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 director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is 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 enable him to ensure that the financial statements comply with the Companies Act 2006. He is 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Ardor Business Solutions Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





D P Bhidey - Director


1 August 2025

Report of the Independent Auditors to the Members of
Fxify Solutions Limited

Opinion
We have audited the financial statements of Fxify Solutions Limited (the 'company') for the year ended 31 October 2024 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 October 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Fxify Solutions Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Fxify Solutions Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with the Officers and other management (as required by auditing standards).

We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.

With the exception of any known or possible non-compliance, and as required by auditing standards, our work in respect of these was limited to enquiry of the Officers.

We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

We addressed the risk of fraud through management override of controls, by testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Fxify Solutions Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Bryan Michael Kemsley FCCA FMAAT (Senior Statutory Auditor)
for and on behalf of Ardor Business Solutions Limited
Statutory Auditors
Chartered Certified Accountants
Unit 1
Shrine Barn
Sandling Road
Hythe
Kent
CT21 4HE

1 August 2025

Fxify Solutions Limited (Registered number: 14451720)

Income Statement
for the Year Ended 31 October 2024

Period
31/10/22
Year Ended to
31/10/24 31/10/23
Notes £    £   

TURNOVER 29,770,321 3,449,884

Cost of sales 24,615,583 3,333,275
GROSS PROFIT 5,154,738 116,609

Administrative expenses 4,764,078 711,787
OPERATING PROFIT/(LOSS) 5 390,660 (595,178 )

Income from participating interests 112,853 -
PROFIT/(LOSS) BEFORE TAXATION 503,513 (595,178 )

Tax on profit/(loss) 6 - -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

503,513

(595,178

)

Fxify Solutions Limited (Registered number: 14451720)

Other Comprehensive Income
for the Year Ended 31 October 2024

Period
31/10/22
Year Ended to
31/10/24 31/10/23
Notes £    £   

PROFIT/(LOSS) FOR THE YEAR 503,513 (595,178 )


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

503,513

(595,178

)

Fxify Solutions Limited (Registered number: 14451720)

Statement of Financial Position
31 October 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 4,369 -

CURRENT ASSETS
Debtors 8 11,734,914 1,192,534
Cash at bank 2,691,641 485,317
14,426,555 1,677,851
CREDITORS
Amounts falling due within one year 9 14,422,589 2,263,029
NET CURRENT ASSETS/(LIABILITIES) 3,966 (585,178 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,335

(585,178

)

CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Other reserves 11 90,000 -
Retained earnings 11 (91,665 ) (595,178 )
SHAREHOLDERS' FUNDS 8,335 (585,178 )

The financial statements were approved by the director and authorised for issue on 1 August 2025 and were signed by:





D P Bhidey - Director


Fxify Solutions Limited (Registered number: 14451720)

Statement of Changes in Equity
for the Year Ended 31 October 2024

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   

Changes in equity
Issue of share capital 10,000 - - 10,000
Total comprehensive income - (595,178 ) - (595,178 )
Balance at 31 October 2023 10,000 (595,178 ) - (585,178 )

Changes in equity
Capital contribution - - 90,000 90,000
Total comprehensive income - 503,513 - 503,513
Balance at 31 October 2024 10,000 (91,665 ) 90,000 8,335

Fxify Solutions Limited (Registered number: 14451720)

Statement of Cash Flows
for the Year Ended 31 October 2024

Period
31/10/22
Year Ended to
31/10/24 31/10/23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,018,394 465,664
Net cash from operating activities 2,018,394 465,664

Cash flows from investing activities
Purchase of tangible fixed assets (5,270 ) -
Dividends received 112,853 -
Net cash from investing activities 107,583 -

Cash flows from financing activities
Amount introduced by directors - 9,653
Amount withdrawn by directors (9,653 ) -
Share issue - 10,000
Capital contribution 90,000 -
Net cash from financing activities 80,347 19,653

Increase in cash and cash equivalents 2,206,324 485,317
Cash and cash equivalents at
beginning of year

2

485,317

-

Cash and cash equivalents at end of
year

2

2,691,641

485,317

Fxify Solutions Limited (Registered number: 14451720)

Notes to the Statement of Cash Flows
for the Year Ended 31 October 2024

1. RECONCILIATION OF PROFIT/(LOSS) BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

Period
31/10/22
Year Ended to
31/10/24 31/10/23
£    £   
Profit/(loss) before taxation 503,513 (595,178 )
Depreciation charges 901 -
Finance income (112,853 ) -
391,561 (595,178 )
Increase in trade and other debtors (10,542,380 ) (1,192,534 )
Increase in trade and other creditors 12,169,213 2,253,376
Cash generated from operations 2,018,394 465,664

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 October 2024
31/10/24 1/11/23
£    £   
Cash and cash equivalents 2,691,641 485,317
Period ended 31 October 2023
31/10/23 31/10/22
£    £   
Cash and cash equivalents 485,317 -


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/11/23 Cash flow At 31/10/24
£    £    £   
Net cash
Cash at bank 485,317 2,206,324 2,691,641
485,317 2,206,324 2,691,641
Total 485,317 2,206,324 2,691,641

Fxify Solutions Limited (Registered number: 14451720)

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

1. STATUTORY INFORMATION

Fxify Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


Amounts are rounded to the nearest 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" 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.

The Company meets its day to day working capital requirements through the financial support of related entities that provide working cashflow as and when required. The director expects that this financial support will continue for the foreseeable future and therefore considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that may be required should this financial support no longer continue.

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 each asset over its estimated useful life.
Computer equipment - 20% on cost

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 or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Fxify Solutions Limited (Registered number: 14451720)

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

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS
Period
31/10/22
Year Ended to
31/10/24 31/10/23
£    £   
Wages and salaries 231,528 35,280
Other pension costs 501 -
232,029 35,280

The average number of employees during the year was as follows:
Period
31/10/22
Year Ended to
31/10/24 31/10/23

Management 1 1
Production 2 1
3 2

Within wages and salaries are salary costs recharged from related entities for the provision of services to the Company. These amounted to £

Period
31/10/22
Year Ended to
31/10/24 31/10/23
£    £   
Directors' remuneration 53,800 6,000

5. OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging/(crediting):

Period
31/10/22
Year Ended to
31/10/24 31/10/23
£    £   
Depreciation - owned assets 901 -
Auditors' remuneration 7,500 5,500
Foreign exchange differences 702,316 (18,429 )

6. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31 October 2024 nor for the period ended 31 October 2023.

Fxify Solutions Limited (Registered number: 14451720)

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

7. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 5,270
At 31 October 2024 5,270
DEPRECIATION
Charge for year 901
At 31 October 2024 901
NET BOOK VALUE
At 31 October 2024 4,369

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 38,889 9,023
Other debtors 100,000 45,783
LP Trading account 4,503,141 -
Amounts due from related parties 5,721,941 512,993
Chargeback/rolling Reserve 1,355,411 624,735
Prepayments and accrued income 15,532 -
11,734,914 1,192,534

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade creditors 3,644,034 298,325
Other creditors 5,060,913 355,492
Amounts due to related parties 3,399,102 723,257
Directors' current accounts - 9,653
Accrued expenses 2,318,540 876,302
14,422,589 2,263,029

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/24 31/10/23
value: £    £   
10,000 Ordinary £1 10,000 10,000

Fxify Solutions Limited (Registered number: 14451720)

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

11. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 November 2023 (595,178 ) - (595,178 )
Profit for the year 503,513 503,513
Capital contribution - 90,000 90,000
At 31 October 2024 (91,665 ) 90,000 (1,665 )

12. RELATED PARTY DISCLOSURES

Other related parties
31/10/24 31/10/23
£    £   
Transfers 2,533,103 (210,264 )
Amount due from related party 5,721,941 512,993
Amount due to related party 3,399,102 723,527

13. ULTIMATE CONTROLLING PARTY

The Company's ultimate parent company is Briarwood Ventures Limited, a company incorporated in Hong Kong, its registered address being Suite A, 19/F, Two Chinachem Plaza, 68 Connaught Road, Central Hong Kong.