CLEARTOKEN SERVICES UK LIMITED

Company Registration Number:
14488617 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

CLEARTOKEN SERVICES UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

CLEARTOKEN SERVICES UK LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
14 months to 31 December 2023


£
£
Fixed assets
Intangible assets: 3 427,316 120,975
Tangible assets: 4 41,561 36,984
Total fixed assets: 468,877 157,959
Current assets
Debtors:   195,194 475,267
Cash at bank and in hand: 79,414 1,194,016
Total current assets: 274,608 1,669,283
Creditors: amounts falling due within one year: 5 (1,137,656) (500,542)
Net current assets (liabilities): (863,048) 1,168,741
Total assets less current liabilities: (394,171) 1,326,700
Creditors: amounts falling due after more than one year: 6 (5,988,560) (3,038,313)
Total net assets (liabilities): (6,382,731) (1,711,613)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (6,382,831) (1,711,713)
Shareholders funds: (6,382,731) (1,711,613)

The notes form part of these financial statements

CLEARTOKEN SERVICES UK LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 August 2025
and signed on behalf of the board by:

Name: Ben Santos-Stephens
Status: Director

The notes form part of these financial statements

CLEARTOKEN SERVICES UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Other accounting policies

Going Concern The Directors have, at the time of approving the financial statements, a reasonable expectation that the Company has adequate resources through its parent to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis of accounting in preparing the financial statements. In reaching this conclusion, the Directors have considered the Company’s ultimate parent's current financial position, its cash flow forecasts, and its access to funding. While the group's companies are in the early stages of development and needing regulatory approval to start generating revenue, it has recently secured funding of $11.5 million during, which will support the group's operations for the next 12 months. The parent also maintains a close relationship with its investors and is actively engaged in further fundraising efforts. The Directors are confident that, if required, additional funding could be secured to meet future cash flow needs. Accordingly, the financial statements have been prepared on a going concern basis

CLEARTOKEN SERVICES UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 14 months to 31 December 2023
Average number of employees during the period 17 4

CLEARTOKEN SERVICES UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 120,975
Additions 1,167,943
Disposals (861,602)
At 31 December 2024 427,316
Amortisation
At 01 January 2024 0
Charge for year 0
On disposals 0
Other adjustments 0
At 31 December 2024 0
Net book value
At 31 December 2024 427,316
At 31 December 2023 120,975

CLEARTOKEN SERVICES UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 36,984
Additions 25,440
At 31 December 2024 62,424
Depreciation
At 01 January 2024 0
Charge for year 20,863
At 31 December 2024 20,863
Net book value
At 31 December 2024 41,561
At 31 December 2023 36,984

CLEARTOKEN SERVICES UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

Creditors balance in 2024 was made up of Trade creditors £631,883 Accruals £246,037 Staff wages £295,849 VAT (£36,112) Total £1,137,656 In 2023 the balance was made of Trade creditors £272,187 Accruals £267,887 Other creditors £1,046 VAT (£40,577) Total £500,542

CLEARTOKEN SERVICES UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due after more than one year note

The creditors - amount falling due after one year is made up of an intercompany loan.