Dragonfly FX Limited - Filleted accounts

Registered number

13516024

Dragonfly FX Limited

Unaudited Filleted Accounts

31 December 2025

Dragonfly FX Limited
Statement of Financial Position
as at 31 December 2025

Notes			2025			2024
£				£
Current assets
Debtors	3	1,572			50,371
Cash at bank and in hand		-			35,925
		1,572			86,296

Creditors: amounts falling due within one year	4	-			(84,984)

Net current assets			1,572			1,312

Net assets			1,572			1,312

Capital and reserves
Called up share capital			100			100
Profit and loss account			1,472			1,212

Shareholders' funds			1,572			1,312

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr T Barnett
Director
Approved by the board on 17 September 2026

Company registration number:		13516024

Dragonfly FX Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	0		0


3	Debtors	2025		2024
£			£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,572		371
	Other debtors	-		50,000
		1,572		50,371


4	Creditors: amounts falling due within one year	2025		2024
£			£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest	-		84,984
	Other creditors	-		-
		-		84,984


5	Controlling party

	The ultimate holding company at the beginning of the year was FMCH Ltd which is incorporated in England and Wales under number 11349160. With effect from 27 June 2025 FMCH Limited became a wholly owned subsidiary of FRS Capital Limited, which is incorporated in Jersey under number 129845, which is the ultimate holding company at the end of the year.


6	Other information

	Dragonfly FX Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Epsilon House
	Enterprise Road
	Southampton Science Park
	Southampton
	SO16 7NS