Registration number: 11575829

Convex FX Ltd

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 7

Convex FX Ltd

Company Information

Directors

S Benelisha A Benelisha

Registered office

Suite 1B1 Argyle House Northside Joel Street Northwood Hills HA6 1NW

Convex FX Ltd

(Registration number: 11575829)
Abridged Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	141,141	126,305
Current assets
Debtors		5,623	18,098
Cash at bank and in hand		90,059	26,490
		95,682	44,588
Creditors: Amounts falling due within one year		(70,759)	(88,891)
Net current assets/(liabilities)		24,923	(44,303)
Total assets less current liabilities		166,064	82,002
Provisions for liabilities		(20,620)	(12,022)
Net assets		145,444	69,980
Capital and reserves
Called up share capital		100	100
Retained earnings		145,344	69,880
Shareholders' funds		145,444	69,980

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 8 December 2025 and signed on its behalf by:
 

Convex FX Ltd

(Registration number: 11575829)
Abridged Balance Sheet as at 30 September 2025

......................................... S Benelisha Director

......................................... A Benelisha Director

Convex FX Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Convex FX Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Motor vehicles	25% reducing balance
Computer equipment	33.3% straight line
Improvements to property	33.3% straight line

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 2).

Convex FX Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

3	Tangible assets

	Long leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 October 2024	37,677	5,193	247,746	24,303	314,919
Additions	9,851	2,894	46,793	-	59,538
Disposals	-	(3,132)	-	-	(3,132)
At 30 September 2025	47,528	4,955	294,539	24,303	371,325
Depreciation
At 1 October 2024	7,535	5,193	155,908	19,978	188,614
Charge for the year	7,999	964	34,657	1,082	44,702
Eliminated on disposal	-	(3,132)	-	-	(3,132)
At 30 September 2025	15,534	3,025	190,565	21,060	230,184
Carrying amount
At 30 September 2025	31,994	1,930	103,974	3,243	141,141
At 30 September 2024	30,142	-	91,838	4,325	126,305

Included within the net book value of land and buildings above is £31,994 (2024 - £30,142) in respect of long leasehold land and buildings.
 

Convex FX Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

4	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100