Company No: 08153583 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Director

K S Ubhoo

Registered office	1 Canada Square
	9th Floor
	London
	E14 5AA
	United Kingdom

Company number

08153583 (England and Wales)

Accountant	Kreston Reeves LLP
	2nd Floor
	168 Shoreditch High Street
	London
	E1 6RA

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	0		582
Tangible assets	4	6,317		7,109
		6,317		7,691
Current assets
Debtors	5	493,589		508,664
Cash at bank and in hand		676,878		718,922
		1,170,467		1,227,586
Creditors: amounts falling due within one year	6	( 135,561)		( 274,658)
Net current assets		1,034,906		952,928
Total assets less current liabilities		1,041,223		960,619
Provision for liabilities	7	( 1,579)		0
Net assets		1,039,644		960,619
Capital and reserves
Called-up share capital	8	30,000		30,000
Profit and loss account		1,009,644		930,619
Total shareholder's funds		1,039,644		960,619

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Indigo FX Limited (registered number: 08153583) were approved and authorised for issue by the Director on 11 September 2026. They were signed on its behalf by:

K S Ubhoo Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Indigo FX Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Canada Square, 9th Floor, London, E14 5AA, United Kingdom.

The Company is authorised and regulated by the Financial Conduct Authority (FCA).

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company.

Revenue is the difference between the cost and selling price of currency (foreign currency margin) and the revaluation of open foreign exchange positions to market value, together with commissions on the sale and purchase of currencies. Turnover is recognised after receiving client authorisations to undertake foreign currency transactions for immediate or forward delivery.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software	3 years straight line
Website costs	3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	12		9

3. Intangible assets

	Computer software		Website costs		Total
	£		£		£
Cost
At 01 January 2025	66,950		10,452		77,402
At 31 December 2025	66,950		10,452		77,402
Accumulated amortisation
At 01 January 2025	66,950		9,870		76,820
Charge for the financial year	0		582		582
At 31 December 2025	66,950		10,452		77,402
Net book value
At 31 December 2025	0		0		0
At 31 December 2024	0		582		582

4. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 January 2025	24,330		24,330
Additions	4,529		4,529
At 31 December 2025	28,859		28,859
Accumulated depreciation
At 01 January 2025	17,221		17,221
Charge for the financial year	5,321		5,321
At 31 December 2025	22,542		22,542
Net book value
At 31 December 2025	6,317		6,317
At 31 December 2024	7,109		7,109

5. Debtors

	2025		2024
	£		£
Trade debtors	29,387		20,938
Amounts owed by director	37,061		0
Prepayments	37,588		18,148
Deferred tax asset	0		4,439
Corporation tax	12,508		0
Other debtors	377,045		465,139
	493,589		508,664

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank overdrafts	6,426		0
Trade creditors	20,600		63,671
Accruals	21,195		90,614
Taxation and social security	75,741		112,497
Other creditors	11,599		7,876
	135,561		274,658

7. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	4,439		4,439
Charged to the Profit and Loss Account	( 6,018)		0
At the end of financial year	( 1,579)		4,439

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
30,000 Class 1 ordinary shares of £ 1.00 each	30,000		30,000

9. Related party transactions

Transactions with owners holding a participating interest in the entity

The Company has taken advantage of the exemption provided by section 1AC.35 of FRS 102 to not disclose related party transactions with 100% owned group companies.

Transactions with the entity's director

	2025		2024
	£		£
Amounts owed by the director	37,061		0

Interest has been charged on the above balance as per HM Revenue and Customs official interest rate. There are no set repayment terms on the loan balance.

10. Ultimate controlling party

In the director's opinion, the Company's ultimate controlling party is its parent entity Indigo FX Holdings Limited, a company incorporated in England and Wales. Its registered office is One Canada Square, 9th Floor, London, England, E14 5AA.