10Bit Technologies Limited

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: 09724325

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		80,080		130,267
Investments			1		1

			80,081		130,268
CURRENT ASSETS
Debtors	5	485,052		-

		485,052		-
Creditors: Amounts Falling Due Within One Year	6	(317,000 )		(106,948 )

NET CURRENT ASSETS (LIABILITIES)			168,052		(106,948 )

TOTAL ASSETS LESS CURRENT LIABILITIES			248,133		23,320

NET ASSETS			248,133		23,320

CAPITAL AND RESERVES
Called up share capital	7		1,003		1,003
Share premium account			2,453		2,453
Profit and Loss Account			244,677		19,864

SHAREHOLDERS' FUNDS			248,133		23,320

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10Bit Technologies Limited

Balance Sheet (continued)

As At 31 December 2024

For the 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.

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.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Luke Malcolm

Director

29th September 2025

The notes on pages 4 to 6 form part of these financial statements.

	Share Capital	Share Premium	Profit and Loss Account	Total
	£	£	£	£
As at 1 January 2023	1,003	2,453	2,913	6,369
Profit for the year and total comprehensive income	-	-	189,951	189,951

Dividends paid	-	-	(173,000)	(173,000)

As at 31 December 2023 and 1 January 2024	1,003	2,453	19,864	23,320


Profit for the year and total comprehensive income	-	-	649,813	649,813

Dividends paid	-	-	(425,000)	(425,000)

As at 31 December 2024	1,003	2,453	244,677	248,133

1. General Information

10Bit Technologies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09724325 . The registered office is 89-90 Paul Street, London, EC20 4NE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the cost or value of the asset can be measured reliably.

Other intangible assets is Software. It is amortised to profit and loss account over its estimated economic life of 10 years on a straight line basis.

2.3. Investments

Investment in subsidiary companies is held at cost less accumulated impairment losses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 3)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	500,500

As at 31 December 2024	500,500

Amortisation
As at 1 January 2024	370,233
Provided during the period	50,187

As at 31 December 2024	420,420

Net Book Value
As at 31 December 2024	80,080

As at 1 January 2024	130,267

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10Bit Technologies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Directors' loan accounts	5,543	-
Amounts owed by group undertakings	479,509	-

	485,052	-

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Amounts owed to group undertakings	-	69,962
Other creditors	317,000	36,986

	317,000	106,948

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,003	1,003

8. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Matthew Swoboda	(36,987 )	42,530	-	-	5,543

The above loan is unsecured, interest free and repayable on demand.

9. Related Party Transactions

At the year end the company owed £nil (2023: £69,962) to 10Bit FX Limited, a wholly-owned subsidiary undertaking, in respect of an interest free loan which is repayable on demand.

At the year end the company was owed £479,509 (2023: £nil) by 10Bit FX Limited, a wholly-owned subsidiary undertaking, in respect of an interest free loan which is repayable on demand.

Dividends totalling £425,000 (2023: £173,000) were paid in the year in respect of shares held by the company's directors.

During the year dividends of £700,000 (2023 - £240,000) were paid by 10Bit FX Limited, a wholly-owned subsidiary undertaking.

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10Bit Technologies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Ultimate Controlling Party

The company's ultimate controlling party is Mr Matthew Swoboda by virtue of his ownership of 54% of the issued share capital in the company.

11. Investments (unlisted)

Details of the investments in which the company holds 20% of more of the nominal value of any class of share capital are as follows:

10Bit FX Limited – Ordinary shares – 100% interest

10Bit FX Finland Oy – Ordinary shares – 100% interest

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