Company Registration No. 04861007 (England and Wales)
E-Money Capital Ltd
Annual report and financial statements
for the year ended 31 December 2025
E-Money Capital Ltd
Company information
Directors
Jason Ferrando
Jocelyn Kennard
Mark De Candole
Company number
04861007
Registered office
168 Fulham Road
London
England
SW10 9PR
Independent auditor
Saffery LLP
St Catherine's Court
Berkeley Place
Clifton
Bristol
BS8 1BQ
E-Money Capital Ltd
Contents
Page
Directors' report
1 - 2
Independent auditor's report
3 - 6
Statement of comprehensive income
7
Statement of financial position
8
Notes to the financial statements
9 - 17
E-Money Capital Ltd
Directors' report
For the year ended 31 December 2025
1

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

Principal activities

The principal activity of the company continued to be that of financial intermediary services.

Results and dividends

The results for the year are set out on page 7.

A dividend of £2,985,145 was paid during the year.

Directors

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

Jason Ferrando
Jocelyn Kennard
Mark De Candole
Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Small companies exemption

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

E-Money Capital Ltd
Directors' report (continued)
For the year ended 31 December 2025
2
On behalf of the board
Jocelyn Kennard
Director
22 April 2026
E-Money Capital Ltd
Independent auditor's report
To the member of E-Money Capital Ltd
3
Opinion

We have audited the financial statements of E-Money Capital Ltd (the 'company') for the year ended 31 December 2025 which comprise the statement of comprehensive income, the statement of financial position and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

E-Money Capital Ltd
Independent auditor's report (continued)
To the member of E-Money Capital Ltd
4

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the directors' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the directors' r eport. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit; or

- the directors were not entitled to take advantage of the small companies exemption from the requirement to prepare a strategic report.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

E-Money Capital Ltd
Independent auditor's report (continued)
To the member of E-Money Capital Ltd
5

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below.

Identifying and assessing risks related to irregularities:

We assessed the susceptibility of the company’s financial statements to material misstatement and how fraud might occur, including through discussions with the directors, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial statements. We identified laws and regulations that are of significance in the context of the company by discussions with directors and by updating our understanding of the sector in which the company operates.

Laws and regulations of direct significance in the context of the company include The Companies Act 2006, UK Tax legislation and The Financial Services and Markets Act 2000, on which The Financial Conduct Authority (FCA) Handbook is based.

Audit response to risks identified

We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures. We reviewed the company's records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the company's policies and procedures for compliance with laws and regulations with members of management responsible for compliance.

During the planning meeting with the audit team, the engagement partner drew attention to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non-compliance with laws and regulations or knowledge of any actual, suspected or alleged fraud.

We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the engagement partner’s review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

The company is regulated by the FCA. We discussed the company’s authorisation and permitted activities with the directors and obtained evidence of this from the FCA register. We obtained additional evidence about compliance by reviewing the breaches registers that have to be maintained under the CASS handbook, correspondence with the FCA and the results of the testing of compliance with the FCA Client Asset “CASS” rules, which is a separate assurance assignment.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

E-Money Capital Ltd
Independent auditor's report (continued)
To the member of E-Money Capital Ltd
6

Use of our report

This report is made solely to the company's member in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's member those matters we are required to state to the member in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's member, for our audit work, for this report, or for the opinions we have formed.

Neil Davies
Senior Statutory Auditor
For and on behalf of Saffery LLP
22 April 2026
Accountants
Statutory Auditors
St Catherine's Court
Berkeley Place
Clifton
Bristol
BS8 1BQ
E-Money Capital Ltd
Statement of comprehensive income
For the year ended 31 December 2025
7
2025
2024
Notes
£
£
Turnover
8,537,651
7,363,470
Administrative expenses
(3,771,327)
(3,929,894)
Other operating income
-
0
238
Operating profit
4,766,324
3,433,814
Interest receivable and similar income
4
417,367
322,607
Interest payable and similar expenses
(14)
(477)
Profit before taxation
5,183,677
3,755,944
Tax on profit
(1,283,607)
(950,000)
Profit for the financial year
3,900,070
2,805,944

The income statement has been prepared on the basis that all operations are continuing operations.

E-Money Capital Ltd
Statement of financial position
As at 31 December 2025
31 December 2025
8
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
6
1,302
2,184
Investments
7
8,002
8,002
9,304
10,186
Current assets
Debtors
9
8,913,559
7,250,867
Cash at bank and in hand
1,031,252
775,657
9,944,811
8,026,524
Creditors: amounts falling due within one year
10
(1,823,639)
(1,621,159)
Net current assets
8,121,172
6,405,365
Total assets less current liabilities
8,130,476
6,415,551
Provisions for liabilities
11
(1,000,000)
(200,000)
Net assets
7,130,476
6,215,551
Capital and reserves
Called up share capital
12
69,500
69,500
Share premium account
1,515,420
1,515,420
Profit and loss reserves
5,545,556
4,630,631
Total equity
7,130,476
6,215,551

These financial statements have been prepared 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 22 April 2026 and are signed on its behalf by:
Jocelyn Kennard
Director
Company Registration No. 04861007
E-Money Capital Ltd
Notes to the financial statements
For the year ended 31 December 2025
9
1
Accounting policies
Company information

E-Money Capital Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 168 Fulham Road, London, England, SW10 9PR.

1.1
Accounting convention

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. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised on the difference between the interest rates offered to lenders and borrowers. Turnover is recognised at the fair value of the consideration received or receivable for services provided to customers for peer to peer lending.

Rendering of services

Revenue from peer to peer lending is recognised in the period in which the services are provided when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably; and

- it is probable that the Group will receive the consideration due under the contract

- revenue is deferred based on the stage of completion of the loan contract. This is an area of judgement considered further in the critical accounting estimates note

1.4
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.5
Intangible fixed assets other than goodwill

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Website costs
33%
E-Money Capital Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
10
1.6
Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
25% per annum

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.7
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.8
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.9
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10
Financial instruments

The company has elected to apply the 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 statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

E-Money Capital Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
11
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.11
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.12
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 income statement 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.

1.13
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

E-Money Capital Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
12
1.14
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.15
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.16
Share-based payments

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the black scholes model. The fair value of the options determined at the date of grant have not been charged to profit and loss over the vesting period as it has been deemed as immaterial.

1.17
Leases

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
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

E-Money Capital Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2025
2
Critical accounting judgements and key sources of estimation uncertainty (continued)
13
Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Deferral of revenue

Revenue is deferred based on the stage of completion of the loan contract. This resulting from a significant amount of work which is required at the end of a loan meaning that the stage of completion does not necessarily reflect the number of days interest accrued. This deferral element is based on a percentage of the loan book estimated by management as a fair reflection of the amount of work that is required at the end of each loan.

Recoverability of development project loans

The recoverability of development project loans is subject to significant estimation uncertainty driven by the need to assess gross development values and the inherent difficulty in forecasting the timing and proceeds of future property sales. Management evaluates the requirement for provisions by monitoring three several key risk indicators, including elevated loan-to-gross-development-value ratios, especially those exceeding 75%, situations in which borrowers seek additional funding to complete projects, and cases where higher risk secondary funding is obtained.

3
Employees

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

2025
2024
Number
Number
Total
11
12
4
Interest receivable and similar income
2025
2024
£
£
Interest receivable and similar income includes the following:
Interest on bank deposits
223,974
161,249
Interest receivable from group companies
193,393
160,398
Other interest income
-
0
960
E-Money Capital Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2025
14
5
Intangible fixed assets
Website costs
£
Cost
At 1 January 2025 and 31 December 2025
365,209
Amortisation and impairment
At 1 January 2025 and 31 December 2025
365,209
Carrying amount
At 31 December 2025
-
0
At 31 December 2024
-
0
6
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025 and 31 December 2025
2,645
Depreciation and impairment
At 1 January 2025
461
Depreciation charged in the year
882
At 31 December 2025
1,343
Carrying amount
At 31 December 2025
1,302
At 31 December 2024
2,184
7
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
8,002
8,002
8
Subsidiaries

Details of the company's subsidiaries at 31 December 2025 are as follows:

E-Money Capital Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2025
8
Subsidiaries (continued)
15
Name of undertaking
Country of incorporation
Class of shares held
% Held
Direct
Indirect
E-Money Ltd
England
Ordinary
100.00
-
E-Money Security Trustee Ltd
England
Ordinary
100.00
-
EM113 Ltd
England
Ordinary
0
100.00
Spring View Property Management Ltd
England
Ordinary
0
100.00
Maythorne Farm Management Ltd
England
Ordinary
0
100.00
9
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
489,423
-
0
Amounts owed by group undertakings
3,135,252
3,272,358
Other debtors
5,288,884
3,978,509
8,913,559
7,250,867
10
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
30,861
39,940
Amounts owed to group undertakings
1
1
Corporation tax
460,893
540,018
Other taxation and social security
12,679
63,412
Other creditors
1,319,205
977,788
1,823,639
1,621,159
11
Provisions for liabilities
2025
2024
£
£
1,000,000
200,000

E-Money Capital recognised a provision due to a number of development loans being expected to default. The provision reflects the estimated shortfall between the security value and the outstanding loan balances.

E-Money Capital Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2025
11
Provisions for liabilities (continued)
16
Movements on provisions:
£
At 1 January 2025
200,000
Additional provisions in the year
1,000,000
Utilisation of provision
(200,000)
At 31 December 2025
1,000,000
12
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary voting shares of 10p each
175,950
175,950
17,595
17,595
A Ordinary shares of 10p each
490,000
490,000
49,000
49,000
B Ordinary shares of 0.1p each
10,750
10,750
11
11
Ordinary non voting shares of 10p each
28,940
28,940
2,894
2,894
705,640
705,640
69,500
69,500

The company has four classes of ordinary shares which the profits of the company available for distribution shall be distributed according to the number of shares held by each of them as if the same constituted a single class of shares.

The ordinary non-voting shares are the only share class whereby the holders are not entitled to vote at general meetings of the company.

13
Events after the reporting date

After the reporting date, the directors proposed a final dividend in respect of the year ended 31 December 2025. The amount of the dividend had not been determined at the date the financial statements were authorised for issue.

14
Related party transactions
Transactions with related parties

During the year the company paid £905,000 (2024: £710,000) for services by related parties connected by virtue of directors in common. Amounts outstanding at the year end were £nil (2024: £nil).

15
Directors' transactions

In the year one director was advanced a further loan of £255,807 creating a total loan value of £600,000 (2024: £344,193) which was repaid in full during the year through payment of a dividend. There was a nil interest rate associated with this loan and it was repayable on demand. The balance outstanding at the year end was £nil (2024: £344,193).

E-Money Capital Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2025
17
16
Ultimate controlling party

E-Money Global Limited is the parent company of E-Money Capital and its registered office is 5 Fleet Place, London, England, EC4M 7RD. The ultimate controlling party is M A V De Candole and J S Ferrando by virtue of their shareholding.

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