ACCOUNTS - Final Accounts preparation

Cash and cash equivalents

Registered number: 14583521

OPEN TRADE TECHNOLOGY LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

Chartered Accountants

2nd Floor, Heathmans House

19 Heathmans Road

London

SW6 4TJ

OPEN TRADE TECHNOLOGY LTD

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF OPEN TRADE TECHNOLOGY LTD
FOR THE PERIOD ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of OPEN TRADE TECHNOLOGY LTD for the period ended 31 December 2024 which comprise the 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of OPEN TRADE TECHNOLOGY LTD, as a body, in accordance with the terms of our engagement letter dated 24/06/2024. Our work has been undertaken solely to prepare for your approval the financial statements of OPEN TRADE TECHNOLOGY LTD and state those matters that we have agreed to state to the Board of Directors of OPEN TRADE TECHNOLOGY LTD, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OPEN TRADE TECHNOLOGY LTD and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that OPEN TRADE TECHNOLOGY 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 loss of OPEN TRADE TECHNOLOGY LTD. You consider that OPEN TRADE TECHNOLOGY LTD is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of OPEN TRADE TECHNOLOGY 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.

Haggards Crowther LLP

Chartered Accountants

2nd Floor, Heathmans House

19 Heathmans Road

London

SW6 4TJ

9 September 2025

Page 1

OPEN TRADE TECHNOLOGY LTD

REGISTERED NUMBER: 14583521

BALANCE SHEET

AS AT 31 DECEMBER 2024

	31 December	31 January
	2024	2024
Note	£	£

Fixed assets
Tangible assets	5		9,267		2,214
Investments	6		333,865		50,784
			343,132		52,998
Current assets
Debtors	7	113,964		108,063
Cash at bank and in hand	8	3,186,162		181,382
		3,300,126		289,445
Creditors: amounts falling due within one year	9	(294,517)		(462,801)
Net current assets/(liabilities)			3,005,609		(173,356)
Total assets less current liabilities			3,348,741		(120,358)

Net assets/(liabilities)			3,348,741		(120,358)

Capital and reserves
Called up share capital	11,243	4,706
Share premium account	6,705,094	-
Other reserves	-	1,109,792
Profit and loss account	(3,367,596)	(1,234,856)
	3,348,741	(120,358)

Page 2

OPEN TRADE TECHNOLOGY LTD

REGISTERED NUMBER: 14583521

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 September 2025.

D M Sutter Jr

Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

OPEN TRADE TECHNOLOGY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	Statutory information

Open Trade Technology Ltd is a private company, limited by shares, registered in England and Wales.The company's registered number is 14583521 and its registered address is 3rd Floor 1 Ashley Road, Altrincham, Cheshire, United Kingdom, WA14 2DT.

2.	Principal Activity

The principal activity of the company in the period under review was that of software development.

3.Accounting policies

3.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

3.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement except when deferred in other comprehensive income as qualifying cash flow hedges.

3.3

Turnover

Turnover is stated net of VAT. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Page 4

OPEN TRADE TECHNOLOGY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

3.Accounting policies (continued)

3.4

Intangible cryptoassets

Intangible cryptoassets held for treasury purposes are classified as intangible assets. There is an active market for cryptoassets which are traded reliably on an exchange with an expectation the company will receive an inflow of economic benefits. The measurement of cryptoassest held is carried out at fair market value using a Revaluation model. Revaluation gains and losses are recognised in the income statement and accumulated in a non-distributable reserve.

3.5

Interest income

Interest income is recognised in the income statement using the effective interest method.

3.6

Finance costs

Finance costs are charged to the income statement over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3.7

Borrowing costs

All borrowing costs are recognised in the income statement in the period in which they are incurred.

3.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Office equipment	-	33%	on cost
				Computer equipment	-	33%	on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the income statement.

3.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

OPEN TRADE TECHNOLOGY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

3.Accounting policies (continued)

3.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including the directors, during the period was as follows:

	31 December	31 January
	2024	2024
	No.	No.

Average number of employees	4	2

Page 6

OPEN TRADE TECHNOLOGY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

5.	Tangible fixed assets

	Office equipment	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 February 2024	536	2,358	2,894
Additions	-	9,546	9,546
At 31 December 2024	536	11,904	12,440
Depreciation
At 1 February 2024	76	603	679
Charge for the period on owned assets	179	2,315	2,494
At 31 December 2024	255	2,918	3,173
Net book value
At 31 December 2024	281	8,986	9,267
At 31 January 2024	460	1,754	2,214

6.	Intangible fixed assets

		Cryptoassets
		£

	At 1 February 2024	50,784
	Additions	283,081
	At 31 December 2024	333,865

Debtors

					31 December	31 January
					2024	2024
					£	£



Trade debtors	4,530	44,541

Page 7

OPEN TRADE TECHNOLOGY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

7.Debtors (continued)

Other debtors	64,328	46,767
Prepayments and accrued income	45,106	16,755
	113,964	108,063

Included within other debtors due within one year is a loan to D M Sutter, a director, amounting to £NIL (2023 - £16,258). Amounts repaid during the period totalled £16,258.

Included within other debtors due within one year is a loan to J H Handler, a director, amounting to £NIL (2023 - £400). Amounts repaid during the period totalled £400.

Cash at bank and in hand	3,186,162	181,382
Less: bank overdrafts	-	(54)
	3,186,162	181,328

Bank overdrafts	-	54
Trade creditors	126,108	76,950
Other taxation and social security	-	4,409
Other creditors	124,894	360,458
Accruals and deferred income	43,515	20,930
	294,517	462,801

Page 8

OPEN TRADE TECHNOLOGY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

10.	Off balance sheet agreements

Other reserves include £Nil (Jan 2024: £1,109,792) from Advance Subscription Agreements for equity. On February 16, 2024, 25,205 shares matured at a price of £379.88 per share, resulting in the allotment of new shares and an increase in share capital. On October 31, 2024, 169,908 shares matured at a price of £16.97 per share; 185,098 shares matured at a price of £6.18 per share; 16,965 shares matured at a price of £8.92 per share; 200,270 shares matured at a price of £11.90 per share; and 56,210 shares matured at a price of £0.84 per share. These resulted in the allotment of shares and a further increase in share capital. There are Nil Advance Subscription Agreements remaining.

Allotted, called up and fully paid

495,755 (2024 - 470,600) Ordinary shares shares of £0.010 each	4,958	4,706
169,908 (2024 - ) Preference Shares - 1 shares of £0.010 each	1,699	-
185,098 (2024 - ) Preference Shares - 2A shares of £0.010 each	1,851	-
16,965 (2024 - ) Preference Shares - 2B shares of £0.010 each	170	-
200,270 (2024 - ) Preference Shares - 2C shares of £0.010 each	2,003	-
56,210 (2024 - ) Preference Shares - 2D shares of £0.010 each	562	-

	11,243	4,706

Page 9