CRYPTOPAY LTD

Company Registration Number:
08730592 (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

CRYPTOPAY LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

CRYPTOPAY LTD

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Intangible assets: 3 399,594 387,533
Total fixed assets: 399,594 387,533
Current assets
Stocks: 6,226 6,907
Debtors: 4 346,698 1,241,954
Cash at bank and in hand: 70,776 249,249
Total current assets: 423,700 1,498,110
Creditors: amounts falling due within one year: 5 (434,703) (1,405,463)
Net current assets (liabilities): (11,003) 92,647
Total assets less current liabilities: 388,591 480,180
Creditors: amounts falling due after more than one year: 6 (202,354) (297,949)
Total net assets (liabilities): 186,237 182,231
Capital and reserves
Called up share capital: 200 200
Profit and loss account: 186,037 182,031
Shareholders funds: 186,237 182,231

The notes form part of these financial statements

CRYPTOPAY LTD

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 24 September 2025
and signed on behalf of the board by:

Name: Dmitrii Guniashov
Status: Director

The notes form part of these financial statements

CRYPTOPAY LTD

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 Section 1A (Small Entities) of Financial Reporting Standard 102

CRYPTOPAY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 7 10

CRYPTOPAY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 2,561,022
Additions 391,626
At 31 December 2024 2,952,648
Amortisation
At 01 January 2024 2,173,489
Charge for year 379,565
At 31 December 2024 2,553,054
Net book value
At 31 December 2024 399,594
At 31 December 2023 387,533

CRYPTOPAY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 346,698 1,241,954

CRYPTOPAY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

Trade creditors: £8,238 (2023: £25,060) Amounts owed to related parties: £262,428 (2023: £1,298,004) Corporation Tax: £0 (2023: £49,258) Other taxation and social security £17,463 (2023: £18,203) Other creditors £146,574 (2023: £14,938)

CRYPTOPAY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

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

Other loans: £202,354 (2023: £297,949)

CRYPTOPAY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Related party transactions

Name of the related party:
Relationship:
Company under common control
Description of the Transaction: Loan
£
Balance at 01 January 2024 17,000
Balance at 31 December 2024 17,000
Name of the related party:
Relationship:
Company under common control
Description of the Transaction: Loan payable
£
Balance at 01 January 2024 297,949
Balance at 31 December 2024 202,354
Name of the related party:
Relationship:
Company under common control
Description of the Transaction: Amounts payable to companies under common control, which are repayable on demand and interest free.
£
Balance at 01 January 2024 1,298,004
Balance at 31 December 2024 262,428
Name of the related party:
Relationship:
Company under common control
Description of the Transaction: Amounts receivable from companies under common control, which are repayable on demand and interest free.
£
Balance at 01 January 2024 824,637
Balance at 31 December 2024 28,048
Name of the related party:
Relationship:
Company under common control
Description of the Transaction: Sales to a company under common control.
£
Balance at 01 January 2024 3,679,488
Balance at 31 December 2024 3,035,474

No loans were issued to companies under common control during 2024 (2023: £17,000). During part of the year ended 31 December 2024 the company had a loan payable to a company under common control. During the year the company to which the loan was payable was sold to a third party and therefore ceased to be a related party. The balance outstanding on 31 December 2024 was £243,787 (2023: £381,928). This loan has been discounted at an estimated market rate of interest and is held at £202,354 (2023: £297,949) in the Statement of financial position. No interest was charged during the year (2023: £nil), but amounts of £39,543 (2023: £185,263) were recognised during the period due to the unwinding of the discount; see note 4. Amounts payable to companies under common control on 31 December 2024 were £262,428 (2023: £1,298,004), which are repayable on demand and interest free. Amounts receivable from companies under common control on 31 December 2024 were £28,048 (2023: £824,637), which are repayable on demand and interest free. During the year the company made sales of £3,035,474 to a company under common control (2023: £3,679,488).