|
Registered number: 13499802
DEHEXAGON LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JULY 2025
|
|
DEHEXAGON LTD
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DEHEXAGON LTD
FOR THE YEAR ENDED 31 JULY 2025
You consider that the Company is exempt from an audit for the year ended 31 July 2025. You have acknowledged, on the Balance Sheet, your responsibilities for ensuring that the Company keeps adequate accounting records which comply with section 386 of the Companies Act 2006, and for preparing the financial statements which give a true and fair view of the state of affairs of the Company and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the financial statements on pages 3-12 from the accounting records of the Company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these financial statements.
Andersen LLP
20 Gracechurch Street
11th Floor
London
EC3V 0BG
13 July 2026
|
|
DEHEXAGON LTD
REGISTERED NUMBER: 13499802
BALANCE SHEET
AS AT 31 JULY 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debtors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets excluding pension asset
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
|
|
DEHEXAGON LTD
REGISTERED NUMBER: 13499802
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................
Mr B Ratnakaram
|
|
|
|
|
|
|
The notes on pages 5 to 9 form part of these financial statements.
|
|
DEHEXAGON LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2025
|
|
|
|
|
|
|
|
|
|
At 1 August 2024 (as previously stated)
|
|
|
|
Prior year adjustment - correction of error
|
|
|
|
At 1 August 2024 (as restated)
|
|
|
|
Comprehensive income for the year
|
|
|
|
|
|
|
|
|
Other comprehensive income for the year
|
|
|
|
Total comprehensive income for the year
|
|
|
|
Contributions by and distributions to owners
|
|
|
|
|
|
|
|
|
Total transactions with owners
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The notes on pages 5 to 9 form part of these financial statements.
|
|
|
DEHEXAGON LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
The company is a private company limited by shares and registered in England. The company's registered number and office address can be found on the Company Information page.
2.Accounting policies
|
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
|
|
DEHEXAGON LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.Accounting policies (continued)
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.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
|
|
|
Cash and cash equivalents
|
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
The Company holds digital assets comprising cryptoassets. These are classified as intangible assets, as they are identifiable non-monetary assets without physical substance. Digital assets are initially recognised at cost, being the fair value of consideration paid or the fair value of tokens received where acquired other than for cash (for example, on issue or distribution of tokens). Where digital assets are acquired through mining, staking or issuance activity, cost is determined by reference to the fair value of the asset at the date of receipt.
Disposals of digital assets are recognised on the date of sale or exchange. The gain or loss on disposal is calculated as the difference between the net disposal proceeds and the carrying amount at the date of disposal and is recognised in profit or loss.
Where digital assets are held for more than twelve months from the balance sheet date, they are presented as non-current assets. Where they are expected to be realised within twelve months they are presented as current assets. At 31 July 2025, all digital assets have been classified as non-current intangible assets.
|
|
DEHEXAGON LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.Accounting policies (continued)
|
|
|
Fiat currency balances held with digital asset exchanges
|
Fiat currency balances held with digital asset exchanges represent proceeds from the sale of digital assets that are retained by the exchange in a segregated account pending withdrawal or further trading.
Where such balances are immediately withdrawable on demand and are subject to an insignificant risk of changes in value, they are classified as cash and cash equivalents. Where the balances are not immediately available or do not meet the definition of cash and cash equivalents, they are classified within debtors as other receivables.
Balances denominated in foreign currencies are translated into sterling using the closing exchange rate at the reporting date. Exchange gains and losses arising on translation are recognised in the profit and loss account in the period in which they arise.
|
|
The average monthly number of employees, including the director, during the year was as follows:
|
|
|
DEHEXAGON LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Charge for the year on owned assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DEHEXAGON LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
|
|
Creditors: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other taxation and social security
|
|
|
|
|
|
|
|
|
|
Accruals and deferred income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allotted, called up and fully paid
|
|
|
|
|
|
|
|
|
|
|
|
100 (2024 - 100) Ordinary shares of £1.00 each
|
|
|
During the current year, the director identified an error in the financial statements for the year ended 31 July 2024. The error arose because cryptoasset income earned during that period was inadvertently omitted from the accounting records and, consequently, was not recognised in the statement of profit or loss or reflected in retained earnings.
As the omission relates to a prior accounting period and is considered to represent a material prior period error, the comparative information has been restated in accordance with FRS 102 Section 10, Accounting Policies, Estimates and Errors.
The correction has been recognised by increasing opening retained earnings for the current financial year by £65,756, being the cumulative effect of the omitted cryptoasset income relating to the year ended July 2024. Comparative figures have been restated where applicable to reflect the correction.
|