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Registered number: 14923149
BITPANDA UK HOLDING LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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BITPANDA UK HOLDING LTD
Company Information
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A Batlin (resigned 28 February 2025)
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Chartered Accountants and Statutory Auditors
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BITPANDA UK HOLDING LTD
Registered number: 14923149
Balance sheet
As at 31 December 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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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 profit and loss account 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 17 March 2025.
The notes on pages 3 to 5 form part of these financial statements.
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BITPANDA UK HOLDING LTD
Statement of changes in equity
For the Year Ended 31 December 2024
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Comprehensive income for the period
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Total comprehensive income for the period
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Contributions by and distributions to owners
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Shares issued during the period
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Total transactions with owners
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Comprehensive income for the year
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Total comprehensive income for the year
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Shares issued during the year
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Total transactions with owners
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The notes on pages 3 to 5 form part of these financial statements.
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BITPANDA UK HOLDING LTD
Notes to the financial statements
For the Year Ended 31 December 2024
Bitpanda UK Holding Ltd is a private company limited by share captial and incorporated in England and Wales. The company's registered office is Atlantic House, Holborn Viaduct, London, United Kingdom, EC1A 2FG.
2.Accounting policies
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Basis of preparation of financial statements
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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.
The following principal accounting policies have been applied:
Short-term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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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.
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.
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The average monthly number of employees, including directors, during the year was 3 (2023 - 3).
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Amounts owed by group undertakings
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BITPANDA UK HOLDING LTD
Notes to the financial statements
For the Year Ended 31 December 2024
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Allotted, called up and fully paid
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611,939 (2023 - 201,000) Ordinary shares shares of £1.00 each
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During the period the company issued 410,939 (2023: 201,000) Ordinary shares at £1 each.
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Related party transactions
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The company has adopted the exemption permitted by paragraph 33.1A of FRS 102 and has not disclosed transactions with other group members, which are wholly owned subsidiaries.
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Post balance sheet events
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Since the year end, the company has finalised the acquisition of Commercial Rapid Payment Technologies Limited.
Commerical Rapid Payment Technologies Limited changed its name to Bitpanda Broker UK Ltd on 4 Febraury 2025.
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BITPANDA UK HOLDING LTD
Notes to the financial statements
For the Year Ended 31 December 2024
The immediate and ultimate parent undertaking is Bitpanda Group AG, a company registered in Switzerland.
The parent undertaking of the smallest group of which the company is a member and consolidated financial statements are prepared is Bitpanda Group AG. Copies of consolidated financial statements can be obtained from Hardstrasse 201, 8005 Zürich, Switzerland.
The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.
The audit report was signed on 17 March 2025 by Andrew Burch (Senior statutory auditor) on behalf of Sayers Butterworth LLP.
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