Company registration number 11876983 (England and Wales)
LONDON DEBT EXCHANGE LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
LONDON DEBT EXCHANGE LTD
COMPANY INFORMATION
Directors
Mr Michael Djanogly
Mr Robert Kissin
Mr Simon Djanogly
Secretary
Mr William Alexander
Company number
11876983
Registered office
First Floor
39-40 St James's Place
London
United Kingdom
SW1A 1NS
Accountants
Xeinadin South East Limited
2 Beacon End Courtyard
London Road
Stanway
Colchester
Essex
CO3 0NU
LONDON DEBT EXCHANGE LTD
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 7
LONDON DEBT EXCHANGE LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
- 1 -

The directors present their annual report and financial statements for the year ended 31 August 2025.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr Michael Djanogly
Mr Robert Kissin
Mr Simon Djanogly
Mr Liam Charalambou
(Resigned 11 December 2024)
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr Simon Djanogly
Director
4 February 2026
LONDON DEBT EXCHANGE LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LONDON DEBT EXCHANGE LTD FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of London Debt Exchange Ltd for the year ended 31 August 2025 which comprise the profit and loss account, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of London Debt Exchange Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of London Debt Exchange Ltd and state those matters that we have agreed to state to the b oard of d irectors of London Debt Exchange Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than London Debt Exchange Ltd and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that London Debt Exchange Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of London Debt Exchange Ltd. You consider that London Debt Exchange Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of London Debt Exchange Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Xeinadin South East Limited
2 Beacon End Courtyard
London Road
Stanway
Colchester
Essex
CO3 0NU
England
4 February 2026
LONDON DEBT EXCHANGE LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
2025
2024
Notes
£
£
Turnover
80,000
-
Administrative expenses
(41,228)
(113,895)
Other operating income
-
0
1,470
Operating profit/(loss)
38,772
(112,425)
Interest payable and similar expenses
(771)
(944)
Profit/(loss) before taxation
38,001
(113,369)
Tax on profit/(loss)
73
230
Profit/(loss) for the financial year
38,074
(113,139)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

LONDON DEBT EXCHANGE LTD
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 4 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
61,099
91,648
Tangible assets
4
-
0
385
61,099
92,033
Current assets
Cash at bank and in hand
-
0
64
Creditors: amounts falling due within one year
5
(88,285)
(157,284)
Net current liabilities
(88,285)
(157,220)
Total assets less current liabilities
(27,186)
(65,187)
Provisions for liabilities
-
0
(73)
Net liabilities
(27,186)
(65,260)
Capital and reserves
Called up share capital
91,784
91,784
Share premium account
473,216
473,216
Profit and loss reserves
(592,186)
(630,260)
Total equity
(27,186)
(65,260)

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The financial statements were approved by the board of directors and authorised for issue on 4 February 2026 and are signed on its behalf by:
Mr Simon Djanogly
Director
Company registration number 11876983 (England and Wales)
LONDON DEBT EXCHANGE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 5 -
1
Accounting policies
Company information

London Debt Exchange Ltd is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, 39-40 St James's Place, London, United Kingdom, SW1A 1NS.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

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

1.3
Intangible fixed assets other than goodwill

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.

Development costs are being amortised evenly over their estimated useful life of five years.

Development costs
No depreciation charge
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33.33% on cost
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

LONDON DEBT EXCHANGE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
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.

1.7
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
LONDON DEBT EXCHANGE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
3
Intangible fixed assets
Other
£
Cost
At 1 September 2024 and 31 August 2025
152,746
Amortisation and impairment
At 1 September 2024
61,098
Amortisation charged for the year
30,549
At 31 August 2025
91,647
Carrying amount
At 31 August 2025
61,099
At 31 August 2024
91,648
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2024 and 31 August 2025
2,489
Depreciation and impairment
At 1 September 2024
2,104
Depreciation charged in the year
385
At 31 August 2025
2,489
Carrying amount
At 31 August 2025
-
0
At 31 August 2024
385
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
9,714
11,127
Other creditors
78,571
146,157
88,285
157,284
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