REGISTERED NUMBER: 11455813 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RISE FX GB LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F E U Gellinger

L Lom

R M Pinnow

REGISTERED OFFICE:

90 Fetter Lane

London

EC4A 1JP

REGISTERED NUMBER:

11455813 (England and Wales)

ACCOUNTANTS:

Redfin Management Limited

111 Charterhouse Street

Farringdon

London

EC1M 6AW

FIXED ASSETS

Intangible assets

4

11,061

15,209

Tangible assets

5

123,382

326,873

134,443

342,082

CURRENT ASSETS

Debtors

6

697,347

679,753

Cash in hand

83,934

45,498

781,281

725,251

CREDITORS

Amounts falling due within one year

7

1,061,116

1,301,799

NET CURRENT LIABILITIES

(279,835

)

(576,548

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(145,392

)

(234,466

)

CREDITORS

Amounts falling due after more than one year

8

451,401

814,869

NET LIABILITIES

(596,793

)

(1,049,335

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(596,893

)

(1,049,435

)

(596,793

)

(1,049,335

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

L Lom - Director

1.	STATUTORY INFORMATION

Rise FX GB Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The directors consider it appropriate that these financial statements are prepared on a going concern basis as they are confident that the company is able to meet its liabilities as they fall due for a period of no less than 12 months from the date of approval of these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost and 20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

20,740

AMORTISATION

At 1 January 2024

5,531

Charge for year

4,148

At 31 December 2024

9,679

NET BOOK VALUE

At 31 December 2024

11,061

At 31 December 2023

15,209

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

852,874

Additions

5,793

Disposals

(5,880

)

At 31 December 2024

852,787

DEPRECIATION

At 1 January 2024

526,001

Charge for year

209,284

Eliminated on disposal

(5,880

)

At 31 December 2024

729,405

NET BOOK VALUE

At 31 December 2024

123,382

At 31 December 2023

326,873

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

345,276

DEPRECIATION

At 1 January 2024

197,728

Charge for year

109,387

At 31 December 2024

307,115

NET BOOK VALUE

At 31 December 2024

38,161

At 31 December 2023

147,548

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

196,103

441,811

Other debtors

501,244

237,942

697,347

679,753

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

103,887

113,742

Trade creditors

276,093

5,781

Taxation and social security

224,711

123,845

Other creditors

456,425

1,058,431

1,061,116

1,301,799

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

-

103,887

Amounts owed to group undertakings

451,401

710,982

451,401

814,869

Loan facilities have been extended to the company from its parent company Rise FX GmbH.

An initial loan facility of €500,000 was provided at an interest rate of 2.5% per annum. The terms of the loan are such that interest accrues monthly from 1 December 2019. The loan term is 4 years and is unsecured. Additional loans have been provided of €500,000 at 2.5% per annum on 29 December 2020 repayable by 31 December 2026 and €500,000 at 3.5% per annum repayable by 31 December 2027. At the balance sheet date £451,401 (2023: £667,304) was outstanding.

Another loan facility of €250,000 was provided by the sister company Rise FX South GmbH at an interest rate of 3% per annum. The terms of the loan are such that interest accrues monthly from 1 August 2020. The loan term is 3 years and unsecured. At the balance sheet date Nil (2023: £43,678) was outstanding.

9.	OTHER FINANCIAL COMMITMENTS

At 31 December 2024 the company had future minimum lease payments due under non-cancellable operating leases of £181,870 (2023: £400,114).

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

L Lom

Balance outstanding at start of year

-

-

Amounts advanced

271

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

271

-