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REGISTERED NUMBER: 11087795 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 December 2024

for

Iconomi Ltd

Iconomi Ltd (Registered number: 11087795)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Iconomi Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr P Curk
Mr I M Ladd Gibbon
Mr J Valjavec
Mr T M Zagar
Mr R Znidar





REGISTERED OFFICE: 8 Coldbath Square
London
London
EC1R 5HL





REGISTERED NUMBER: 11087795 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Iconomi Ltd (Registered number: 11087795)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 5,017,898 3,385,703
Tangible assets 5 942 -
Investments 6 2,340,927 2,340,927
7,359,767 5,726,630

CURRENT ASSETS
Debtors 7 544,145 968,434
Prepayments and accrued income 39,539 -
Cash at bank 223,228 41,914
806,912 1,010,348
CREDITORS
Amounts falling due within one year 8 (65,794 ) (668,125 )
NET CURRENT ASSETS 741,118 342,223
TOTAL ASSETS LESS CURRENT LIABILITIES 8,100,885 6,068,853

CREDITORS
Amounts falling due after more than one
year

9

(122,046

)

(122,046

)
NET ASSETS 7,978,839 5,946,807

CAPITAL AND RESERVES
Called up share capital 4,461 4,461
Share premium 5,588,107 5,588,107
Retained earnings 2,386,271 354,239
7,978,839 5,946,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Iconomi Ltd (Registered number: 11087795)

Balance Sheet - continued
31 December 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by:





Mr P Curk - Director


Iconomi Ltd (Registered number: 11087795)

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

1. STATUTORY INFORMATION

Iconomi Ltd 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.

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 historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Iconomi Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Judgements and key sources of estimation uncertainty
The preparation of financial statements under FRS 102 requires the Company to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the statement of financial position date and the amounts reported for revenues and expenses during the year. Estimates and judgements are continually evaluated and are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.
The directors have considered the above and do not believe that there are any estimates or assumptions which have a significant effect on the amounts recognised in the financial statements that require disclosure.

Revenue recognition
Revenue relates to net commission retained for cryptocurrency broking trades. It is recognised at the trade date of the Over The Counter (OTC) contract. Where amounts are received in cryptocurrency, the exchange rate at the date of the trade is used.
Income also relates to services provided to other group entities and is recognised at the point at which the services are provided in accordance with the underlying agreement. All amounts are exclusive of VAT.
Income also relates to platform fees which are recognised in accordance with the underlying platform fee agreements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets relate to crypto assets held by the firm for investment purposes. All assets held have a liquid, active market and therefore a fair value is readily available and can be accurately ascertained. Intangible assets are revalued to fair value with increased in market value being recognised through other comprehensive income (OCI) and accumulate in the revaluation reserve. An increase is Recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the asset's carrying value is recognised in OCI to the extent of any previously recognised revaluation increase accumulated in the revaluation reserve in respect of that asset. Any excess shall be recognised in profit and loss.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Iconomi Ltd (Registered number: 11087795)

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

2. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

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.

Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Iconomi Ltd (Registered number: 11087795)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024 3,385,703
Reclassification/transfer 1,632,195
At 31 December 2024 5,017,898
NET BOOK VALUE
At 31 December 2024 5,017,898
At 31 December 2023 3,385,703

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,256
At 31 December 2024 1,256
DEPRECIATION
Charge for year 314
At 31 December 2024 314
NET BOOK VALUE
At 31 December 2024 942

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 2,340,927
NET BOOK VALUE
At 31 December 2024 2,340,927
At 31 December 2023 2,340,927

The investment of £2,038,380 represents the 100% investment held in Iconomi d.o.o.

On 22 December 2023, the company acquired 100% of the share capital of Triaconta BV for €400,000.

Iconomi Ltd (Registered number: 11087795)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 544,145 968,434

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 6,628 40,441
Amounts owed to group undertakings 26,010 26,010
Taxation and social security 18,527 13,779
Other creditors 14,629 587,895
65,794 668,125

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Other creditors 122,046 122,046

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Iconomi Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Iconomi Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Iconomi Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Iconomi Ltd and state those matters that we have agreed to state to the Board of Directors of Iconomi Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Iconomi Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Iconomi Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Iconomi Ltd. You consider that Iconomi Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Iconomi Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY


Date: .............................................