Company No: 08153583 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Director

Mr K S Ubhoo

Registered office	30 Crown Place
	EC2A 4EB
	London
	United Kingdom

Company number

08153583 (England and Wales)

Accountant	Kreston Reeves LLP
	2nd Floor
	168 Shoreditch High Street
	London
	E1 6RA

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	582		4,065
Tangible assets	4	7,109		6,763
		7,691		10,828
Current assets
Debtors	5	508,664		504,113
Cash at bank and in hand		718,922		487,964
		1,227,586		992,077
Creditors: amounts falling due within one year	6	( 274,658)		( 235,722)
Net current assets		952,928		756,355
Total assets less current liabilities		960,619		767,183
Net assets		960,619		767,183
Capital and reserves
Called-up share capital	7	30,000		30,000
Profit and loss account		930,619		737,183
Total shareholder's funds		960,619		767,183

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

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Indigo FX Limited (registered number: 08153583) were approved and authorised for issue by the Director on 22 September 2025. They were signed on its behalf by:

Mr K S Ubhoo Director

1. Accounting policies

Indigo FX Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office and principal place of business is 30 Crown Place, EC2A 4EB, London, United Kingdom.

The principal activity is disclosed in the directors report.

General information and basis of accounting

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:

Foreign currency

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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company.

Revenue is the difference between the cost and selling price of currency (foreign currency margin) and the revaluation of open foreign exchange positions to market value, together with commissions on the sale and purchase of currencies. Turnover is recognised after recieving client authorisations to undertake foreign currency transactions for immediate or forward delivery.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Taxation

Current tax
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Computer software	3 years straight line
Website costs	3 years straight line

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

3 years 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.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other 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.

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.

Trade and other 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.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	9		10

3. Intangible assets

	Computer software		Website costs		Total
	£		£		£
Cost
At 01 January 2024	66,950		10,452		77,402
At 31 December 2024	66,950		10,452		77,402
Accumulated amortisation
At 01 January 2024	66,950		6,387		73,337
Charge for the financial year	0		3,483		3,483
At 31 December 2024	66,950		9,870		76,820
Net book value
At 31 December 2024	0		582		582
At 31 December 2023	0		4,065		4,065

4. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 January 2024	19,970		19,970
Additions	4,360		4,360
At 31 December 2024	24,330		24,330
Accumulated depreciation
At 01 January 2024	13,207		13,207
Charge for the financial year	4,014		4,014
At 31 December 2024	17,221		17,221
Net book value
At 31 December 2024	7,109		7,109
At 31 December 2023	6,763		6,763

5. Debtors

	2024		2023
	£		£
Trade debtors	20,938		17,989
Prepayments	18,148		16,192
Other debtors	469,578		469,932
	508,664		504,113

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	63,671		95,261
Accruals	90,614		55,119
Taxation and social security	112,497		78,474
Other creditors	7,876		6,868
	274,658		235,722

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
30,000 Class 1 ordinary shares of £ 1.00 each	30,000		30,000

8. Related party transactions

During the year, amounts totalling £24,814 (2023: £12,253) that were owed by Indigo FX Holdings Ltd were written off. At the balance sheet date, Indigo FX LTD was owed £Nil (2023: £Nil) by its parent company, Indigo FX Holdings LTD.

9. Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £7,326 (2023: £6,273). Contributions totaling £Nil (2023: £Nil) were payable to the fund at the balance sheet date and are included in creditors.

10. Ultimate controlling party

Parent Company:

Indigo FX Holdings Limited.

30 Crown Place London United Kingdom EC2A 4EB