1.
General Information
Strata Global Limited (the company) is an advisory securities brokerage and provider of operational support to other businesses.
It is a private company limited by shares and incorporated in England and Wales. The registered office is at 6th Floor, Basildon house, 7-11 Moorgate, London, EC2R 6AF.
The company is authorised and regulated by The Financial Conduct Authority (FCA). The category of membership of the FCA states that the company is authorised to carry on business as a “Non SNI” £750,000 investment firm, but is not allowed to hold or deal in client money. The directors confirm that at no time during the period being reported on has the company held or dealt with client money and at all times during the period it has complied with the FCA minimum capital resources requirement.
2.
Statement of Compliance
The financial statements have been prepared in accordance with Financial Reporting Standard 102 and the Companies Act 2006.
3.
Accounting Policies
3.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention.
3.2.
Significant judgements and estimations
Preparation of the financial statements may require management to make significant judgements and estimates. No significant judgements were required in preparing these financial statements.
3.3.
Intangible Fixed Assets and Amortisation - Other Intangible
Impairment of Non-Financial Assets
At each reporting date non-financial assets not carried at fair value, such as plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell. is estimated and compared with its carrying value. If the recoverable amount is lower, the carrying value of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.
If an impairment loss is subsequently reversed, the carrying value of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.
3.4.
Tangible Fixed Assets and Depreciation
All computer equipment is carried at cost less accumulated depreciation and any accumulated impairment losses.
Depreciation is calculated so as to write off the cost or valuation of assets in equal annual instalments over their estimated useful lives as follows:
| Computer Equipment |
|
On disposal any difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included in other operating income.
3.5.
Investments
Unlisted investments held as current assets are stated at cost, less any impairment provision if considered necessary to fairly reflect their current recoverable value.
Strata Global Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
3.6.
Leasing and Hire Purchase Contracts
Operating Leases
Leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases. Payments made under operating leases are recognised as an expense over the lease term and taken to profit or loss on a straight line basis.
3.7.
Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand, deposits available on demand and other short-term highly liquid investment that are readily convertible to a known amount of cash and subject to an insignificant risk of changes in value.
3.8.
Financial Instruments
The company only enters into basic financial instruments transactions like trade and other accounts receivable and payable, and loans to and from related entities. Debt instruments payable or receivable within one year, typically trade payables or receivables, are measured at the undiscounted value of the cash or other consideration expected to be paid or received, normally the transaction price. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade receivable deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If any such impairment is found, an impairment loss is recognised in the profit or loss. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in the profit and loss account as finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate or foreign exchange derivatives.
Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an 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.
3.9.
Foreign Currencies
Monetary assets and liabilities expressed in foreign currencies are translated into sterling at rates of exchange ruling at the end of the financial year. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Normal fluctuations on trading items are dealt with as part of the result for the year.
3.10.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current tax is the amount of corporation tax payable in respect of the taxable profit for the year or prior years.
Deferred tax arises from timing differences that are differences between taxable profits and total profits or losses as stated in the financial statements. Timing differences result from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and which are expected to apply to the reversal of the timing differences.
Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only 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.
Strata Global Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
3.11.
Revenue Recognition
Turnover comprises fees and commissions receivable for business carried out by the company during the period under review.
Revenue is recognised when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as applicable to the relevant activity. Generally this will be when a trade has been executed or service performed.
3.12.
Presentation Currency
The financial statements have been prepared and are presented in pounds sterling.
The principal functional currency the company uses is pounds sterling.
4.
Turnover
Analysis of turnover by geographical market is as follows:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| United Kingdom |
|
|
|
| Rest of the world |
|
|
|
| 1,381,972 | 1,168,612 | ||
5.
Operating Profit/(loss)
The operating profit/(loss) is stated after charging:
|
2025
|
2024
|
||
|
£
|
£
|
||
|
Directors' remuneration
|
151,000
|
78,254
|
|
|
Auditor's remuneration:
|
|||
|
Audit of these financial statements
|
5,000
|
4,000
|
|
|
Other accountancy services
|
2,000
|
4,025
|
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|
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bad debts | - | 4,470 | |
| Depreciation of tangible fixed assets | - |
|
|
6.
Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:
Strata Global Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
7.
Staff Costs
Staff costs, including directors' remuneration, were as follows:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Wages and salaries |
|
|
|
| Social security costs |
|
|
|
| Other pension costs |
|
|
|
|
|
|
||
8.
Average Number of Employees
Average number of employees, including directors, during the year 2025 was:
| 2025 | 2024 | ||
|---|---|---|---|
|
|
|
||
9.
Directors' remuneration
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
|
|
|
| Company contributions to defined benefit pension schemes |
|
|
|
|
|
|
||
10.
Tax on Profit
No charge to UK Corporation Tax arises on the results for the period (2024: Nil).
The tax (credit)/charge on the profit/(loss) for the year was as follows:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Current tax | |||
| UK Corporation Tax |
|
|
|
The actual (credit)/charge for the year can be reconciled to the expected charge/(credit) for the year based on the profit/(loss) and the standard rate of corporation tax as follows:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Profit before tax | 26,208 | (92,449) | |
| Tax on profit at 19% (UK standard rate) |
|
( |
|
| Expenses not deductible for tax purposes |
|
|
|
| Capital allowances |
( |
|
|
| Tax losses unutilised carried forward |
( |
|
|
| Total tax charge for the period | - | - | |
At the balance sheet date, the company had accumulated tax losses to carry forward and available to setoff against future profits from the same trade of approximately £913,000 (2024: £948,000).
Strata Global Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
11.
Tangible Assets
| Computer Equipment | |
|---|---|
| £ | |
| Cost | |
| As at 1 January 2025 |
|
| As at 31 December 2025 |
|
| Depreciation | |
| As at 1 January 2025 |
|
| As at 31 December 2025 |
|
| Net Book Value | |
| As at 31 December 2025 |
|
| As at 1 January 2025 |
|
12.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Other debtors | 43,020 | 22,467 | |
|
|
|
||
Included in debtors are £106,769 (2024: £98,459) that are debt instruments measured at amortised cost.
13.
Current Asset Investments
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Unlisted investments | 30,000 | 30,000 | |
14.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Other taxes and social security |
|
|
|
| VAT |
|
|
|
| Purchase Ledger C/A |
|
|
|
| Accruals and deferred income |
|
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Included in total creditors are £25,343 (2024: £26,754) of financial liabilities that are measured at amortised cost.
Strata Global Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
15.
Deferred Taxation
The provision for deferred tax is made up as follows:
|
At 31st December 2025
|
At 31st December 2024
|
|||
|
Provided
|
Unprovided
|
Provided
|
Unprovided
|
|
|
Accelerated capital allowances
|
||||
|
Losses carried forward
|
173.000
|
173.000
|
||
|
Deferred tax asset/(liability)
|
£
173.000
|
£
173.000
|
The potential net deferred tax asset has not been recognised at the balance sheet date as, due to the amount of the taxable losses available from prior periods, there is not yet firm evidence that the company will make sufficient taxable profits in the future for the reversal of any timing difference to affect the amount of tax actually paid.
17.
Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the year the charge to the profit and loss account in respect of defined contribution schemes was £39,263 (2024: £42,117).
At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.
18.
Related Party Disclosures
The balance of Nil (2024: Nil) shown as due from the parent company, arises as a result of payments made by the company on behalf of its parent.
During the year there were no transactions with directors, other than directors’ remuneration as stated in note 5 (2024: Nil).
19.
Controlling Parties
The company is a subsidiary of NETFF Inc. a corporation incorporated in Wyoming, USA, which owns 65% of the issued share capital. In the opinion of the directors the controlling parties are N Andrews and H Andrews, who collectively own the whole issued share capital of NETFF Inc.
20.
Commitments under Operating Leases
At 31st December 2025 the company had no future minimum lease payments under non-cancellable operating leases (2024: Nil).