Bonoxs BNX LLP LLP accounts

REGISTERED NUMBER: OC434196

Bonoxs BNX LLP

Unaudited Financial Statements

31 December 2024

Bonoxs BNX LLP

Financial Statements

Year ended 31 December 2024

Contents	Page

Designated members and professional advisers	1

Members' report	2

Statement of comprehensive income	3

Statement of financial position	4

Reconciliation of members' interests	6

Notes to the financial statements	8

Bonoxs BNX LLP

Designated Members and Professional Advisers

Designated members	Baluga Martinez Joaquin
	Garcia Labougle Jose

Registered office	C/O Bulldog Global Financial Services (UK) Ltd
	Warnford Court
	29 Throgmorton Street
	London
	England
	EC2N 2AT

Bonoxs BNX LLP

Members' Report

Year ended 31 December 2024

The members present their report and the unaudited financial statements of the LLP for the year ended 31 December 2024 .

Principal activities

The principal activity of the limited liability partnership is the sale of gift cards.

Designated members

The designated members who served the LLP during the year were as follows:

Baluga Martinez Joaquin	(Appointed 27 March 2024)
Garcia Labougle Jose	(Appointed 27 March 2024)

Policy regarding members' drawings and the subscription and repayment of amounts subscribed or otherwise contributed by members

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.

New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amounts of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members.

This report was approved by the members on 25 September 2025 and signed on behalf of the members by:

Baluga Martinez Joaquin	Garcia Labougle Jose
Designated Member	Designated Member

Registered office:

C/O Bulldog Global Financial Services (UK) Ltd

Warnford Court

29 Throgmorton Street

London

England

EC2N 2AT

Bonoxs BNX LLP

Statement of Comprehensive Income

Year ended 31 December 2024

		2024	2023
Note		$	$
Turnover	4	1,938,668	6,209,238

Cost of sales	1,920,512	6,332,761
	------------	------------
Gross profit/(loss)	18,156	( 123,523)

Administrative expenses		720,057	2,548,033
Other operating income	5	1,693	3,681,875
		---------	------------
Operating (loss)/profit	6	( 700,208)	1,010,319

	---------	------------
(Loss)/profit for the financial year before members' remuneration and profit shares available for discretionary division among members	(700,208)	1,010,319
	---------	------------

All the activities of the LLP are from continuing operations.

Bonoxs BNX LLP

Statement of Financial Position

31 December 2024

	2024	2023
Note	$	$

Current assets

Stocks	8	26,493	144,024
Debtors	9	433,944	533,498
Cash at bank and in hand		82,122	54,004
		---------	---------
		542,559	731,526

Creditors: amounts falling due within one year	10	542,559	98,147
		---------	---------
Net current assets		–	633,379
		----	---------
Total assets less current liabilities		–	633,379
		----	---------

Represented by:

Loans and other debts due to members

Other amounts	11	–	633,379
		----	---------

Members' other interests

Other reserves, including the fair value reserve	–	–
	----	---------
	–	633,379
	----	---------

Total members' interests

Amounts due from members		(66,829)	–
Loans and other debts due to members	11	–	633,379
Members' other interests		–	–
		--------	---------
		(66,829)	633,379
		--------	---------

For the year ending 31 December 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

Bonoxs BNX LLP

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the members and authorised for issue on 25 September 2025 , and are signed on their behalf by:

Baluga Martinez Joaquin	Garcia Labougle Jose
Designated Member	Designated Member

Registered number: OC434196

Bonoxs BNX LLP

Reconciliation of Members' Interests

Year ended 31 December 2024

	Members' other interests		Loans and other debts due to members less any amounts due from members in debtors		Total members' interests
	Other reserves, including the fair value reserve	Total	Other amounts	Total	Total 2024
	$	$	$	$	$
Balance at 1 January 2024	–	–	633,379	633,379	633,379
Loss for the financial year available for discretionary division among members	(700,208)	(700,208)			(700,208)
	---------	---------	---------	---------	---------
Members' interests after loss for the year	(700,208)	(700,208)	633,379	633,379	(66,829)
Other division of profits	700,208	700,208	(700,208)	(700,208)	–
	---------	---------	---------	---------	--------
Balance at 31 December 2024	–	–	(66,829)	(66,829)	(66,829)
	---------	---------	---------	---------	--------

Bonoxs BNX LLP

Reconciliation of Members' Interests (continued)

Year ended 31 December 2024

	Members' other interests		Loans and other debts due to members less any amounts due from members in debtors		Total members' interests
	Other reserves, including the fair value reserve	Total	Other amounts	Total	Total 2023
	$	$	$	$	$
Balance at 1 January 2023	–	–	(376,940)	(376,940)	(376,940)
Profit for the financial year available for discretionary division among members	1,010,319	1,010,319			1,010,319
	------------	------------	---------	---------	------------
Members' interests after profit for the year	1,010,319	1,010,319	(376,940)	(376,940)	633,379
Other division of profits	(1,010,319)	(1,010,319)	1,010,319	1,010,319	–
	------------	------------	------------	------------	---------
Balance at 31 December 2023	–	–	633,379	633,379	633,379
	------------	------------	------------	------------	---------

Bonoxs BNX LLP

Notes to the Financial Statements

Year ended 31 December 2024

1.	General information

The LLP is registered in England and Wales. The address of the registered office is C/O Bulldog Global Financial Services (UK) Ltd, Warnford Court, 29 Throgmorton Street, London, EC2N 2AT, England.

2.	Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2018 (SORP 2018).

3.	Accounting policies

Basis of preparation

The financial statements are prepared in USD, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the LLP becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4.	Turnover

The whole of the turnover is attributable to the principal activity of the LLP wholly undertaken in the United Kingdom.

5.	Other operating income

	2024	2023
	$	$
Other income	1,693	3,681,875
	-------	------------

6.	Operating (loss)/profit

Operating profit or loss is stated after charging:

	2024	2023
	$	$
Foreign exchange differences	12,012	1,581
	--------	-------

7.	Information in relation to members

	2024	2023
	No.	No.
Average number of members	2	2
	----	----

8.	Stocks

	2024	2023
	$	$
Raw materials and consumables	26,493	144,024
	--------	---------

9.	Debtors

	2024	2023
	$	$
Trade debtors	189,304	531,930
Prepayments and accrued income	177,811	1,568
Amounts due from members	66,829	–
	---------	---------
	433,944	533,498
	---------	---------

10. Creditors: amounts falling due within one year

	2024	2023
	$	$
Trade creditors	542,559	98,147
	---------	--------

11.	Loans and other debts due to members

	2024	2023
	$	$
Amounts owed to members in respect of profits	–	633,379
	----	---------