Bourse Securities Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13044424

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		11,662		9,690
Investments	5		104,437		106,111

			116,099		115,801
CURRENT ASSETS
Debtors	6	1,322,581		940,887
Cash at bank and in hand		40,508		20,656

		1,363,089		961,543
Creditors: Amounts Falling Due Within One Year	7	(410,954 )		(1,048,981 )

NET CURRENT ASSETS (LIABILITIES)			952,135		(87,438 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,068,234		28,363

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,216 )		(26,938 )

NET ASSETS			1,066,018		1,425

CAPITAL AND RESERVES
Called up share capital	8		1,406		1,125
Share premium account			999,719		-
Profit and Loss Account			64,893		300

SHAREHOLDERS' FUNDS			1,066,018		1,425

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Bourse Securities Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr K Phelan

Director

31 July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Bourse Securities Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13044424 . The registered office is 180 Piccadilly, London, W1J 9HF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% Reducing Balance Basis

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Bourse Securities Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2023: 4)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2024	13,073
Additions	4,887

As at 31 December 2024	17,960

Depreciation
As at 1 January 2024	3,383
Provided during the period	2,915

As at 31 December 2024	6,298

Net Book Value
As at 31 December 2024	11,662

As at 1 January 2024	9,690

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2024	106,111
Additions	136
Disposals	(1,810 )

As at 31 December 2024	104,437

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	104,437

As at 1 January 2024	106,111

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Bourse Securities Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	4,288	855,000
Amounts owed by group undertakings	1,094,614	-
Other debtors	223,679	85,887

	1,322,581	940,887

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	18,749	165,819
Bank loans and overdrafts	16,240	-
Other loans	-	220,554
Amounts owed to group undertakings	152,360	-
Other creditors	180,517	640,061
Taxation and social security	43,088	22,547

	410,954	1,048,981

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,406	1,125

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	47,190	-

	47,190	-

10. Related Party Transactions

There is no amount owed to the director's or from the director's at the date of the report (2023 - £27,492 owed to the director's). This amount is undated, unsecured, interest free and repayable upon demand.

Included within amounts owed from group undertakings is the amount of £1,094,614, detailed as follows. These amount was undated, unsecured, interest free and repayable upon demand:

UAB Fusion Capital - £1,094,493 (2023 - £168,361 owed to UAB Fusion Capital)

Dynamo Securities limited - £121

Included within amounts owed to group undertakings is the amount of £152,360, detailed as follows. These amount is undated, unsecured, interest free and repayable upon demand:

Bitcashier Ltd - £152,225 (2023 - £52,193)

Bourse Captial Ltd - £79

Avonmore Capital Ltd - £56

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