ACCOUNTS - Final Accounts

Registered number: 07790243

FXECOSYSTEM LIMITED

UNAUDITED

ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

FXECOSYSTEM LIMITED

Company Information

Director	J R Banister


Registered number	07790243


Registered office	3rd Floor
	12 Gough Square
	London
	EC4A 3DW

FXECOSYSTEM LIMITED

Registered number: 07790243

Balance sheet

As at 31 December 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	5	484,564		491,982
Cash at bank and in hand		1,651		46,908
		486,215		538,890
Creditors: amounts falling due within one year	6	(757,282)		(814,876)
Net current liabilities			(271,067)		(275,986)
Total assets less current liabilities			(271,067)		(275,986)
Creditors: amounts falling due after more than one year	7		(229,824)		(263,666)

Net liabilities			(500,891)		(539,652)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(500,892)	(539,653)
	(500,891)	(539,652)

Page 1

FXECOSYSTEM LIMITED

Registered number: 07790243

Balance sheet (continued)

As at 31 December 2024

The director considers 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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 comprehensive income 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 11 September 2025.

J R Banister

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

FXECOSYSTEM LIMITED

Notes to the financial statements

For the year ended 31 December 2024

1.	General information

FXecosystem Limited is a private company limited by share capital incorporated in England and Wales, registration number 07790243. The registered office is 3rd Floor, 12 Gough Square, London, EC4A 3DW.
The principal activity of the company in the period under review was that of providing outsourced connectivity services for the FX market.

2.Accounting policies

2.1

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

2.2

Going concern

The director considers the going concern basis to be appropriate, despite an excess of liabilities over total assets, on the basis that a fellow group company is willing to support the company to meet its obligations, liabilities and commitments for at least twelve months from the date of approval of these financial statements.

2.3

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

2.4

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:

Computer equipment

25% straight line

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 profit or loss.

Page 3

FXECOSYSTEM LIMITED

Notes to the financial statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.5

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.

2.6

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.

2.7

Creditors

Basic financial liabilities, included trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price less any impairment, 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.

Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

2.8

Foreign currency translation

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 Profit and loss account except when deferred in other comprehensive income as qualifying cash flow hedges.

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 4

FXECOSYSTEM LIMITED

Notes to the financial statements

For the year ended 31 December 2024

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 January 2024	281,118
	At 31 December 2024	281,118
	Depreciation
	At 1 January 2024	281,118
	At 31 December 2024	281,118
	Net book value
	At 31 December 2024	-
	At 31 December 2023	-

Page 5

FXECOSYSTEM LIMITED

Notes to the financial statements

For the year ended 31 December 2024

Debtors

					2024	2023
					£	£


Trade debtors	58,770	159,377
Amounts owed by group undertakings	108,325	52,816
Other debtors	252,802	215,122
Tax recoverable	64,667	64,667
	484,564	491,982

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Other loans	361,636	354,234
Trade creditors	240,013	178,513
Corporation tax	-	30,425
Other taxation and social security	9,672	14,653
Other creditors	145,961	237,051
	757,282	814,876

7.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Amounts owed to group undertakings	229,824	263,666
	229,824	263,666

8.	Related party transactions
	At 31 December 2024, the company was owed £206,041 (2023: £197,284) by the director.

Page 6