Company registration number: 15140258
Annual report and unaudited financial statements
for the year ended 30 September 2025
for
CEX.IO MARKETS UK LTD
Pages for filing with the Registrar
Company registration number: 15140258
CEX.IO MARKETS UK LTD
Balance sheet
as at 30 September 2025
30 Sep 25 30 Sep 24
Note £ £ £ £
Current assets
Debtors 1,000 1,162
1,000 1,162
Creditors: amounts falling due within one
year 		4 (127,871) (22,474)
Net current liabilities (126,871) (21,312)
NET LIABILITIES (126,871) (21,312)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (127,871) (22,312)
TOTAL EQUITY (126,871) (21,312)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 September 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 22 June 2026 and signed on its behalf by:
Mr R EVANS, Director Mr M TOBERMAN, Director
22 June 2026 22 June 2026
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CEX.IO MARKETS UK LTD
Notes to the financial statements
for the year ended 30 September 2025
1 Company information
CEX.IO MARKETS UK LTD is a private company registered in England and Wales. Its registered number is 15140258. The company is limited by shares. Its registered office is 78-79 Pall Mall, London, SW1Y 5ES.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
As at 30 September 2025, the Company had net liabilities of £126,871 (2024: £21,312) and a loss for the financial year of £105,559 (period ended 30 September 2024: £22,312).

Assessment of the Company's ability to continue as a going concern includes an assessment of the future economic environment as well as the Company's future prospects and performance. During the year, the Company's principal activity comprised legal and compliance advisory work undertaken in connection with its application for registration under the FCA cryptoasset regime, with no commercial revenues generated in the period.

Subsequent to the year end, on 11 March 2026, the Company was registered by the Financial Conduct Authority under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 as a cryptoasset business (FCA Firm Reference Number: 1007192). The registration is subject to a requirement that the Company will not, without the prior written consent of the FCA, operate any machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets. The directors consider this registration to be a significant milestone, establishing the regulatory foundation upon which the Company's intended cryptoasset intermediation activities will be built and providing a clear path towards the commencement of commercial operations.

The financial statements have been prepared on a going concern basis. CEX.IO Holding Ltd, Cyprus, the immediate parent company, has confirmed its commitment to make available to the Company such funds as are needed by the Company to enable it to meet its liabilities as and when they fall due. In accordance with this commitment, CEX.IO Holding Ltd has agreed to provide a loan facility of up to £250,000, or such other amount as may be agreed between the parties in writing. This, together with the Company's own working capital, will, in the opinion of the directors, enable the Company to continue in operational existence for the foreseeable future.
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CEX.IO MARKETS UK LTD
Notes to the financial statements - continued
for the year ended 30 September 2025
2 Accounting policies - continued
Financial instruments
The Company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised 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 and cash and bank balances, 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 on interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments 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 as at transaction price unless the arrangement constitutes a financing transaction, where the debt instruments is measured at the present value of the future payments discounted at market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instrument are subsequently carried at amortised cost, using 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. Amounts 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.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
3 Average number of employees
During the year the average number of employees was Nil (2024 - Nil).
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CEX.IO MARKETS UK LTD
Notes to the financial statements - continued
for the year ended 30 September 2025
4 Creditors: amounts falling due within one year
30 Sep 25 30 Sep 24
£ £
Trade creditors 51,210 -
Other creditors 76,661 22,474
127,871 22,474
Other creditors include amounts of £76,661 (2024: £22,474) due to group companies. Further details
are provided in Note 6, Related party transactions.
5 Share capital
As at 30 September 2025, the Company had 1,000 allotted, called up but not fully paid ordinary shares of £1.00 each (2024: 1,000 shares), representing total called-up share capital of £1,000 (2024: £1,000). The Company has one class of ordinary share. All shares carry equal voting rights, equal rights to dividends and equal rights to participate in any distribution on winding up.
6 Related party transactions
As at the year end:
Included in creditors is an amount of £7,805 (2024: £7,454) due to CEX.IO Holding Ltd, the immediate parent company. This balance represents expenses paid by CEX.IO Holding Ltd on behalf of the Company.

Included in creditors is an amount of £68,856 (2024: £15,020) due to CEX.IO Ltd, a fellow group company. This balance represents expenses paid by CEX.IO Ltd on behalf of the Company.

Included in debtors is an amount of £1,000 (2024: £1,000) due from CEX.IO Holding Ltd, the immediate parent company. This balance represents unpaid called-up share capital.
7 Post balance sheet events
On 11 March 2026, subsequent to the year end, the Company was registered by the Financial Conduct Authority under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 as a cryptoasset business (FCA Firm Reference Number: 1007192). The registration is subject to a requirement that the Company will not, without the prior written consent of the FCA, operate any machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets. The directors consider this to be a non-adjusting post balance sheet event and a significant milestone in the development of the Company's business.
Subsequent to the year end, CEX.IO Holding Ltd, the immediate parent company, agreed to provide a loan facility of up to £250,000 to the Company to support its operational requirements. The directors consider this to be a non-adjusting post balance sheet event.
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CEX.IO MARKETS UK LTD
Notes to the financial statements - continued
for the year ended 30 September 2025
8 Taxation
No liability to UK corporation tax arose for the year ended 30 September 2025 nor for the period ended 30 September 2024.

The Company has estimated tax losses of £105,559 for the year ended 30 September 2025 (period ended 30 September 2024: £22,312), giving cumulative losses of £127,871 available for carry forward against future profits. No deferred tax asset has been recognised in respect of these losses due to uncertainty over the timing of future taxable profits against which they may be utilised.
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