REGISTERED NUMBER: 07112809 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

CENTRAL FX LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A D Ali

R L Joseph

A D Stark

SECRETARY:

A D Ali

REGISTERED OFFICE:

2nd Floor

42 Trinity Square

London

EC3N 4DJ

REGISTERED NUMBER:

07112809 (England and Wales)

AUDITORS:

Barrons Limited

Chartered Accountants

& Statutory Auditors

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

CURRENT ASSETS

Debtors

5

99,447,001

64,441,358

Cash at bank

6

10,388,040

6,250,889

109,835,041

70,692,247

CREDITORS

Amounts falling due within one year

7

(109,214,670

)

(70,071,604

)

NET CURRENT ASSETS

620,371

620,643

TOTAL ASSETS LESS CURRENT LIABILITIES

620,371

620,643

CAPITAL AND RESERVES

Called up share capital

171,000

171,000

Retained earnings

449,371

449,643

SHAREHOLDERS' FUNDS

620,371

620,643

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th September 2026 and were signed on its behalf by:

A D Ali - Director

R L Joseph - Director

A D Stark - Director

1.	STATUTORY INFORMATION

Central Fx Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover 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:

i)

the amount of turnover can be measured reliably;

ii)

it is probable that the company will receive the consideration under the contract;

iii)

the stage of completion of the contract at the end of the reporting period can be measured

reliably; and

iv)

the costs incurred and the costs to complete the contract can be measured reliably.

Turnover relates to commission earned on foreign currency transactions. Turnover is recognised on the contract issue date, being the date of fulfilment of the contract, at the prevailing spot rate.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

Straight line over 5 years

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

(i) Financial assets and liabilities

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a finance transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the company, despite having retained some significant risks and rewards of ownership, has transferred control of the asset to another party and the other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amount of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using effective interest method, less any impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currency translation

The Company's functional and presentational currency is GBP.

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2025

and 31st December 2025

159,667

DEPRECIATION

At 1st January 2025

and 31st December 2025

159,667

NET BOOK VALUE

At 31st December 2025

-

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Other debtors

99,447,001

64,398,858

Amounts falling due after more than one year:

Other debtors

-

42,500

Aggregate amounts

99,447,001

64,441,358

A counterparty debtor exists on the Balance Sheet which represents monies owed to the company for future dated FX settlements and contracts.

6.	CASH AT BANK

Included within cash at bank and in hand is a balance of £10,272,728 (2024: £6,242,894) included within other debtors and other creditors, which represents cash held on behalf of clients in segregated client money bank accounts.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

105,108

Trade creditors

-

11,697

Taxation and social security

394,157

339,436

Other creditors

108,820,513

69,615,363

109,214,670

70,071,604

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

135,710

211,922

Between one and five years

1,840

153,620

137,550

365,542

9.	SECURED DEBTS

The bank loans are secured by the Coronavirus Business Interruption Loan scheme provided by the government during the coronavirus outbreak.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Russell Tillbrook FCCA (Senior Statutory Auditor)

for and on behalf of Barrons Limited

11.	PENSION COMMITMENTS

The company operated a defined contribution pension scheme in respect of its staff. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £19,696 (2024: £19,105).

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2025 and 31st December 2024:

2025

2024

£

£

A D Ali

Balance outstanding at start of year

74,076

97,500

Amounts advanced

233,085

193,909

Amounts repaid

(286,076

)

(217,333

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,085

74,076

A D Stark

Balance outstanding at start of year

74,076

97,500

Amounts advanced

233,085

193,909

Amounts repaid

(286,076

)

(217,333

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,085

74,076

R L Joseph

Balance outstanding at start of year

74,076

97,500

Amounts advanced

233,085

193,909

Amounts repaid

(286,076

)

(217,333

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,085

74,076

13.	RELATED PARTY DISCLOSURES

During the year, total dividends of £858,228 (2024: £651,999) were distributed to the shareholders. Interest charged on the director loan accounts was £5,254 (2024: £5,726).

14.	ULTIMATE CONTROLLING PARTY

There is no overall controlling party.

15.	SUNDRY CLIENT COSTS

Included in administrative expenses are amounts relating to customer rebates identified during the year. The net charge was recognised in the profit or loss of £150,000.