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REGISTERED NUMBER: 01416865 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

BAREX BROKERS LIMITED

| BAREX BROKERS LIMITED (REGISTERED NUMBER: 01416865) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| BAREX BROKERS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2025

| DIRECTOR: | Y R Eichel

| SECRETARY: | A C Josyfon

| REGISTERED OFFICE: | 2nd Floor

| Medway Bridge House

| 1 - 8 Fairmeadow

| Maidstone

| Kent

| ME14 1JP

| REGISTERED NUMBER: | 01416865 (England and Wales)

| ACCOUNTANTS: | Crowe U.K. LLP

| 2nd Floor

| Medway Bridge House

| 1-8 Fairmeadow

| Maidstone

| Kent

| ME14 1JP

| BAREX BROKERS LIMITED (REGISTERED NUMBER: 01416865) |

BALANCE SHEET

30 JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 11,770 |  | 15,983 |  |

Investments | 5 | 1,118 |  | 1,118 |  |

12,888 |  | 17,101 |  |

CURRENT ASSETS

Debtors | 6 | 5,873,256 |  | 6,147,339 |  |

Cash at bank | 595,084 |  | 3,482 |  |

6,468,340 |  | 6,150,821 |  |

CREDITORS

Amounts falling due within one year | 7 | 100,240 |  | 30,963 |  |

NET CURRENT ASSETS | 6,368,100 |  | 6,119,858 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,380,988 |  | 6,136,959 |  |

CAPITAL AND RESERVES

Called up share capital | 100,100 |  | 100,100 |  |

Retained earnings | 6,280,888 |  | 6,036,859 |  |

6,380,988 |  | 6,136,959 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 9 December 2025 and were signed by:

Y R Eichel - Director

| BAREX BROKERS LIMITED (REGISTERED NUMBER: 01416865) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. | STATUTORY INFORMATION

| Barex Brokers Limited 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.

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.

| Going concern

| Accounting standards require the director to consider the appropriateness of the going concern basis when preparing the financial statements. The director confirms that she considers that the going concern basis remains appropriate. The director believes that the company has sufficient resources to continue in operational existence for the foreseeable future. The director believes this to be the case as the company has positive reserves and cash balances. Thus she continues to adopt the going concern basis of accounting in preparing the annual financial statements.

| Turnover

| Turnover is recognised at the fair value of the consideration received or receivable for interest on loans. Interest on loans is recognised in the period to which it relates.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 33.33% on cost and 25% on reducing balance

| 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.

| Financial instruments

| The company has elected to apply the recognition and measurement provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

| Basic financial liabilities

| Basic financial liabilities, including creditors, are recognised at transaction price.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

| BAREX BROKERS LIMITED (REGISTERED NUMBER: 01416865) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| Cost

| At 1 July 2024

| and 30 June 2025 | 27,593 |  |

| Depreciation

| At 1 July 2024 | 11,610 |  |

| Charge for year | 4,213 |  |

| At 30 June 2025 | 15,823 |  |

| Net book value

| At 30 June 2025 | 11,770 |  |

| At 30 June 2024 | 15,983 |  |

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| Cost

| At 1 July 2024

| and 30 June 2025 | 1,118 |  |

| Net book value

| At 30 June 2025 | 1,118 |  |

| At 30 June 2024 | 1,118 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 5,759,044 |  | 6,102,419 |  |

| Other debtors | 114,212 |  | 44,920 |  |

5,873,256 |  | 6,147,339 |  |

| Included within other debtors is an overdrawn directors loan account amounting to £80,744 (2024 - £nil).

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Taxation and social security | 86,913 |  | 7,750 |  |

| Other creditors | 13,327 |  | 23,213 |  |

100,240 |  | 30,963 |  |

8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| During the year, the company made advance totalling £93,082 (2024 - £131,632) to the director. Repayments totalling £12,338 (2024 - £131,632) were made in relation to the advances. The advances were repayable on demand and incurred interest at HMRC approved rates.