The notes on pages 2 to 7 form part of these financial statements.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.

Wirex International Limited is a private company limited by shares incorporated in England and Wales. The registered office is 9th Floor 107 Cheapside, London, United Kingdom, EC2V 6DN.

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 101 'Reduced Disclosure Framework' and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 2).

The principal accounting policies adopted are set out below:

Financial Reporting Standard 101 - reduced disclosure exemptions

In preparing these financial statements, the company has applied the financial reporting standard FRS 101 ‘Reduced Disclosure Framework’. The company is a qualifying entity as defined in FRS 101 and has taken advantage of the disclosure exemptions available under the standard.

As permitted by FRS 101, the company has taken advantage of the following disclosure exemptions from the requirements of International Financial Reporting Standards as adopted in the United Kingdom:

• The requirements of IAS 7 “Statement of Cash Flows”;

• The requirements of paragraphs 10(d), 10(f), 16, 38A–38D, 40A–40D, and 111 of IAS 1 “Presentation of Financial Statements”;

• The requirements of paragraph 38 of IAS 1 to present comparative information in respect of:

  • paragraph 79(a)(iv) (number of shares authorised);

  • paragraph 73(e) of IAS 16 (reconciliation of the carrying amount of property, plant and equipment);

  • paragraph 118(e) of IAS 38 (reconciliation of the carrying amount of intangible assets);

• The requirements of paragraphs 130(f)(ii), 130(f)(iii), 134(d)–(f), and 135(c)–(e) of IAS 36 “Impairment of Assets”;

• The requirements of paragraphs 17 and 18A of IAS 24 “Related Party Disclosures”.

Where relevant, equivalent disclosures are made in the consolidated financial statements of the group in which the company is consolidated.

The Directors have considered the Company's financial position and future prospects, including the Company's cessation of trading and the ongoing process of winding down its affairs. The Company does not intend to recommence trading and expects to continue to settle its outstanding obligations and realise its remaining assets as part of the orderly wind-down of the Company.true

At 30 June 2025, the Company had net liabilities of £104,848 and its current liabilities exceeded its current assets by £104,848. The Directors have considered the Company's ability to realise its assets and settle its liabilities as they fall due during the wind-down process, including the amounts due from and to fellow group undertakings.

On the basis of the Directors' assessment, they consider that the going concern basis of accounting does not remains appropriate for the preparation of these financial statements. The financial statements have therefore not been prepared on a going concern basis.

The Director is of the opinion that no adjustments are required to the financial statements as a result of the use of a basis other than going concern.

Revenue is generated from intercompany transactional services provided to group entities, referred to herein as the Payment Service Fee

The company recognises financial instruments when it becomes a party to the contractual arrangements of the instrument. Financial instruments are de-recognised when they are discharged or when the contractual terms expire. The company's accounting policies in respect of financial instruments transactions are explained below:

Financial assets and financial liabilities are initially measured at fair value.

Financial instruments are classified as financial assets measured at amortised cost where the objective is to hold these assets in order to collect contractual cash flows, and the contractual cash flows are solely payments of principal and interest. They arise principally from the provision of goods and services to customers (eg trade receivables). They are initially recognised at fair value plus transaction costs directly attributable to their acquisition or issue, and are subsequently carried at amortised cost using the effective interest rate method, less provision for impairment where necessary.

Financial assets carried at amortised cost are assessed for indicators of impairment at each reporting end date.

The expected credit losses associated with these assets are estimated on a forward-looking basis. A broad range of information is considered when assessing credit risk and measuring expected credit losses, including past events, current conditions, and reasonable and supportable forecasts that affect the expected collectability of the future cash flows of the instrument.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

The company recognises financial debt when the company becomes a party to the contractual provisions of the instruments. Financial liabilities are classified as 'financial liabilities at fair value through profit or loss.

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 derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in or in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Financial liabilities are derecognised when, and only when, the company’s obligations are discharged, cancelled, or they expire.

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

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 inventories or non-current 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.

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

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

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, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Recoverability of amounts due from fellow group undertakings

The Directors have applied judgement in assessing the recoverability of amounts due from fellow group undertakings. At 30 June 2025, amounts due from fellow group undertakings amounted to £3,885,082 and represent substantially all of the Company's assets.

In assessing the recoverability of these balances, the Directors have considered the financial position of the relevant group undertakings, the expected settlement of the balances and the arrangements in place for the Company's ongoing wind-down. Based on this assessment, the Directors consider that the amounts due from fellow group undertakings are recoverable and have therefore recognised the balances at their carrying amounts in the financial statements.

The average monthly number of persons employed by the company during the year was:

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At 30 June 2025, the company owed £nil (2024: £nil) to a defined contribution plan for its employees.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its loss 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.

The immediate parent undertaking of the Company is Wirex Holdings Limited, a Company incorporated and domiciled in the United Kingdom. In the opinion of the Directors, there is no ultimate controlling party of Wirex International Limited.

Wirex Holdings Limited is also considered the ultimate parent undertaking and represents the smallest and largest group for which consolidated financial statements are prepared that include the results and position of the Company. These consolidated financial statements are available at the Company’s registered office.

The registered office of Wirex Holdings Limited is the same as that of the Company.