ACCOUNTS - Final Accounts preparation

Registered number: 15126764

BLOCKCHAIN.COM OPERATIONS (UK) LIMITED (FORMERLY BC OPERATIONS LIMITED)

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

BLOCKCHAIN.COM OPERATIONS (UK) LIMITED (FORMERLY BC OPERATIONS LIMITED)

REGISTERED NUMBER: 15126764

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	86,142		100
Cash at bank and in hand	5	102		-
		86,244		100
Creditors: amounts falling due within one year	6	(239,089)		(160,034)
Net current liabilities			(152,845)		(159,934)
Total assets less current liabilities			(152,845)		(159,934)

Net liabilities			(152,845)		(159,934)

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		(152,945)	(160,034)
Shareholders deficit		(152,845)	(159,934)

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 September 2026.

E Whelan

Director

The notes on pages 4 to 7 form part of these financial statements.

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		BLOCKCHAIN.COM OPERATIONS (UK) LIMITED (FORMERLY BC OPERATIONS LIMITED)

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 10 September 2023	-	-	-
Comprehensive income for the period
Loss for the period	-	(160,034)	(160,034)
Total comprehensive income for the period	-	(160,034)	(160,034)
Contributions by and distributions to owners
Shares issued during the period	100	-	100

At 1 January 2025	100	(160,034)	(159,934)
Comprehensive income for the year
Profit for the year	-	7,089	7,089
Total comprehensive income for the year	-	7,089	7,089
At 31 December 2025	100	(152,945)	(152,845)

The notes on pages 4 to 7 form part of these financial statements.

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BLOCKCHAIN.COM OPERATIONS (UK) LIMITED (FORMERLY BC OPERATIONS LIMITED)

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2025

			2025	2024
			£	£

Cash flows from operating activities
Profit/(loss) for the financial year	7,089	(160,034)
Adjustments for:
(Increase) in amounts owed by group undertakings	(86,042)	(100)
Increase in creditors	2,700	23,800
Increase in amounts owed to groups	76,355	136,234
Net cash generated from operating activities	102	(100)


Cash flows from financing activities
Issue of ordinary shares	-	100
Net cash generated from financing activities	-	100
Net increase in cash and cash equivalents	102	-
Cash and cash equivalents at the end of year	102	-

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	102	-
	102	-

The notes on pages 4 to 7 form part of these financial statements.

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BLOCKCHAIN.COM OPERATIONS (UK) LIMITED (FORMERLY BC OPERATIONS LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Blockchain.com Operations (UK) Limited (Formerly BC Operations Limited) (the “Company”) is a private company limited by shares incorporated in England and Wales under the Companies Act 2006.

As at 31 December 2025, the Company was a wholly owned subsidiary of Blockchain.com Group Holdings, Inc., a company registered in the Cayman Islands (the "Parent Company").

The address of the registered office of the Company is given on the Company Information page. The nature of the Company's operations and principal activities are set out in the Director's Report

2.Accounting policies

2.1

Basis of preparation of financial statements

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 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.

Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3

Foreign currency translation

Functional and presentational currency

The Company's functional currency is USD. The financial statements are presented in GBP, being the currency of the Company's country of incorporation and of its statutory filings. Exchange differences arising on translation to the presentation currency were not material in either period.

Transactions and balances

Transactions in foreign currencies are translated into GBP at the exchange rate ruling at the date of transaction.

Monetary Assets and liabilities denominated in foreign currencies are retranslated at the ruling exchange rate at the balance sheet date. Exchange differences arising are recognised in profit orloss within exchange gains/(losses).

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BLOCKCHAIN.COM OPERATIONS (UK) LIMITED (FORMERLY BC OPERATIONS LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue 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:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

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

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The Company has no employees other than the directors, during the year G S Swan received £60,000 non-executive directors fees. (2024 - £55,000).

Debtors

					2025	2024
					£	£

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BLOCKCHAIN.COM OPERATIONS (UK) LIMITED (FORMERLY BC OPERATIONS LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.Debtors (continued)

Amounts owed by group undertakings	86,142	100
	86,142	100

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	102	-
	102	-

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to group undertakings	212,589	136,234
Amounts owed to directors	10,000	5,000
Accruals and deferred income	16,500	18,800
	239,089	160,034

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

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BLOCKCHAIN.COM OPERATIONS (UK) LIMITED (FORMERLY BC OPERATIONS LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

8.	Post balance sheet events

The following material events have occurred after the reporting date of 31 December 2025 and are considered non-adjusting events:

(a) FCA Registration: On 10 February 2026, the Company was registered by the Financial Conduct Authority as a cryptoasset exchange provider and custody wallet provider under the Money Laundering Regulations 2017 (Firm reference number 1036678). At the reporting date, this application was still pending.

(b) Customer Migration: With effect from 1 July 2026, the Company implemented a UK customer migration whereby contracts and related assets pertaining to UK resident customers transferred in from a fellow group undertaking. This transfer was made pursuant to a customer transfer agreement approved by written directors' resolution dated 1 July 2026.

(c) Change of Name: On 20 August 2026, the Company changed its registered name from BC Operations Limited to Blockchain.com Operations (UK) Limited.

These events relate to conditions that did not exist at the reporting date and have therefore been treated as non-adjusting events in accordance with FRS 102 Section 32 (Events after the end of the reporting period). They are disclosed as they are material to an understanding of the Company's position.

9.	Controlling party

The immediate and ultimate parent company is Blockchain.com Group Holdings, Inc., a company registered in the Cayman Islands.The address is: P.O. Box 144, Suite 3119, 9 Forum Lane, Camana Bay, George Town, Grand Cayman, KY1-9006, Cayman Islands.

10.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 28 September 2026 by Nicholas R Newman (Senior Statutory Auditor) on behalf of HT Digital Ltd.

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