REGISTERED NUMBER: 08698974 (England and Wales)

Strategic Report,

Report of the Directors and

Financial Statements

for the Year Ended 30 June 2026

for

Alchemy Prime Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

6

Income Statement

10

Other Comprehensive Income

11

Statement of Financial Position

12

Statement of Changes in Equity

13

Statement of Cash Flows

14

Notes to the Statement of Cash Flows

15

Notes to the Financial Statements

17

DIRECTORS:

P G Cann

Mr N G Kundnani

REGISTERED OFFICE:

5th Floor

142 Central Street

Clerkenwell

London

EC1V 8AR

REGISTERED NUMBER:

08698974 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Bryan Michael Kemsley FCCA FMAAT

INDEPENDENT AUDITORS:

Ardor Business Solutions Limited

Statutory Auditors

Chartered Certified Accountants

Unit 1

Shrine Barn

Sandling Road

Hythe

Kent

CT21 4HE

The director presents the strategic report for the year ended 30 June 2026.

The principal activity of the Company continues to be that of providing trading on an execution only basis of FX & CFD products. The Company is authorised and regulated by the Financial Conduct Authority (FCA).

The Company has initiated a program focused on strategic resource allocation and operational refinement designed to optimize our core business competencies and enhance long-term value. This undertaking will strengthen our competitive market position and ensure robust adherence to all relevant regulatory standards. By strategically deploying capital and talent, we are building a more efficient and resilient foundation to achieve sustainable, organic growth across all key segments.

REVIEW OF BUSINESS

The operating loss for the year is £1,778,204, compared to a profit in the previous year of £191,121.

Going concern

The Director has undertaken an assessment of whether the Company was a going concern when the accounts were prepared, considering all available information about the future including the current economic climate, covering a period of 12 months from the date of the approval of the accounts. Following this review, the Director believes that the preparation of these financial statements on a going concern basis is appropriate.

PRINCIPAL RISKS AND UNCERTAINTIES

Exchange rate risk

The Company trades across the World, and primarily accepts deposits in 3 currencies, GBP, EUR, and USD. This limits the exposure to currency movements as we currently hold the funds in bank accounts in those specific the currencies that our clients place with us. We do hold some alternative minority bank accounts to enable receipt of deposits in other currencies apart from these 3.

Settlement risk

The Company is exposed to the risk that Professional Clients and Eligible Counterparties that use our services will not settle their trades in a timely fashion if they end up in negative position in their account, consequently the Company is careful about with whom it sets up arrangements in order to mitigate these risks. We rely on our in-depth client research to assist with the assessment of the risk to the business.

Technology

The company is exposed to technology and latency risk, but this is in a constant re-assessment and is mitigated with the use of the latest technology and a strong direction of the company, so an assessment of technology focuses on whether it does the job in the fashion that we wanted. All new technology is thoroughly tested both by the company and any key clients that may come into contact with it to see that it meets the requirements. We continue to have a dedicated CTO to see that IT continues to function in an appropriate and timely manner, but to also increase the functionality. We are using technology to try and develop new markets, with direct to customer electronic customer facing items.

Business Risk

Business risk is defined as the potential loss (or inability to realise planned revenues) arising from the inability to properly implement strategic plans. During the year ended 30 June 2026, the holding company of the Company has injected capital of £1,200,000 in total and it is willing and able to commit further injections of capital if required. Ongoing accounts are compiled quarterly to highlight any potential issues and to meet FCA regulatory requirements. The overarching group strategy is to diversify our interests, and we are kept up to date with ongoing or new potential regulatory issues by subscribing to FCA daily notices.

Conduct Risk

Conduct risk covers anything the firm might engage in that could cause problems with the regulator resulting from dealings with customers, staff, consumer protection, market integrity or competition. To deal with any issues as speedily as possible we have our own on-site Compliance Officer and MLRO and have now worked with our firm of external compliance consultants since August 2019 on retainer, following the assessment of the previous service provider. We also have Best Execution policies, a 4 eyes approach to as many processes as is practical, and a Financial Crime policy covering items such as Onboarding, Fraud and AML.

KYC has been automated in our first third party provider relationship. Staff are encouraged to take external examinations in these subjects and we have a further set of internal courses and examinations that are taken each year by all staff, provided by Compliancy, to ensure that staff knowledge remains up to date as there are limited external CPD opportunities.

Credit Risk & Counterparty Credit Risk

Credit risk is the risk arising from an event that causes an asset (including off-balance sheet transactions) to lose value or become worthless. We are continually seeking to diversify our deposits at bank in order to lessen the exposure to each counterparty. We also deal with LPs who we take up investigations about their financial stability, which has been reviewed periodically. Client Money is segregated from our own funds and where clients qualify, in two different banks since 2026, they can access further protection through the FSCS provisions. LPs prefer to do business with us on a TTCA basis, so we become creditors of theirs.

Liquidity Risk

The risk of mismanagement of liquidity positions or inability to ensure that cash outflows are matched by inflows. There are no long-term debts held by the company and the business model allows for most revenues to be converted to cash in a short time. The company has no long term receivables.

Market Risk

Market Risk is the risk of financial loss as a result of adverse market movements of market variables such as foreign exchange rates, interest rates, equity prices and commodity prices, thereby affecting the value of a financial instrument or portfolio. There are currently no assets or liabilities on the balance sheet with significant exposure to interest rate, and there is a use of hedging for significant balances or transactions but no exposure to any equity positions.

People Risk

The risks from employment and contractual issues including failure to recruit the right staff with appropriate skills/ability. It also includes remuneration and succession planning. Recruitment is an ongoing commitment, with an emphasis on finding the right staff for the roles as they become more clearly defined. Staff are encouraged to take external examinations in related subjects. Whilst actively growing, we are still a small firm in terms of employees, but because of that are able to deal with items speedily.

Operational Risk

Operational Risk is the risk of loss as a result of inadequate or failed internal processes, people, systems, and/or external events across all areas, activities and operations of the firm. Processes are discussed in an open forum at least once a month by the parties involved to resolve any failings in the systems and build upon any successes. Staff are being recruited to ensure that this becomes even more readily changeable. Meetings are held with outside service providers to ensure that we stay up to speed with technological changes and can then be put forward for adoption if they show an advantage in making systems even more secure.

Regulatory Risk

Adverse impact resulting from failure to comply with changes in the law, financial accounting procedures or the rules mandated by the regulatory authorities. This is dealt with through our compliance consultants keeping us abreast of changes and strategies that we must adopt to deal with items.

KEY PERFORMANCE INDICATORS

The director considers that our key performance indicators are those that communicate the financial performance and strength of the Company as a whole.

2026

2025

Turnover

£784,203

£6,229,191

Operating profit/(loss)

£(1,778,204)

£191,121

ON BEHALF OF THE BOARD:

Mr N G Kundnani - Director

9 October 2026

The directors present their report with the financial statements of the company for the year ended 30 June 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of providing a platform to facilitate FX & CFD trading. The Company is authorised and regulated by the Financial Conduct Authority (FCA) under registration number 612233.

DIVIDENDS

No dividends will be distributed for the year ended 30 June 2026.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 July 2025 to the date of this report.

P G Cann

Mr N G Kundnani

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Ardor Business Solutions Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr N G Kundnani - Director

9 October 2026

Opinion

We have audited the financial statements of Alchemy Prime Limited (the 'company') for the year ended 30 June 2026 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 June 2026 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.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with the Officers and other management (as required by auditing standards).

We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.

With the exception of any known or possible non-compliance, and as required by auditing standards, our work in respect of these was limited to enquiry of the Officers.

We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

We addressed the risk of fraud through management override of controls, by testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Bryan Michael Kemsley FCCA FMAAT (Senior Statutory Auditor)

for and on behalf of Ardor Business Solutions Limited

Statutory Auditors

Chartered Certified Accountants

Unit 1

Shrine Barn

Sandling Road

Hythe

Kent

CT21 4HE

9 October 2026

TURNOVER

784,203

6,229,191

Cost of sales

487,925

2,858,973

GROSS PROFIT

296,278

3,370,218

Administrative expenses

2,396,242

3,223,234

(2,099,964

)

146,984

Other operating income

321,760

44,137

OPERATING (LOSS)/PROFIT

5

(1,778,204

)

191,121

Interest receivable and similar income

37,726

62,459

(1,740,478

)

253,580

Interest payable and similar expenses

6

9,323

10,097

(LOSS)/PROFIT BEFORE TAXATION

(1,749,801

)

243,483

Tax on (loss)/profit

7

-

-

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(1,749,801

)

243,483

(LOSS)/PROFIT FOR THE YEAR

(1,749,801

)

243,483

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(1,749,801

)

243,483

FIXED ASSETS

Tangible assets

8

73,483

92,531

CURRENT ASSETS

Debtors

9

1,883,369

3,066,562

Investments

10

67,221

67,221

Cash at bank

1,282,675

1,843,945

3,233,265

4,977,728

CREDITORS

Amounts falling due within one year

11

2,195,470

3,400,520

NET CURRENT ASSETS

1,037,795

1,577,208

TOTAL ASSETS LESS CURRENT LIABILITIES

1,111,278

1,669,739

CREDITORS

Amounts falling due after more than one year

12

66,911

75,571

NET ASSETS

1,044,367

1,594,168

CAPITAL AND RESERVES

Called up share capital

14

2,700,000

1,500,000

Retained earnings

15

(1,655,633

)

94,168

SHAREHOLDERS' FUNDS

1,044,367

1,594,168

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2026 and were signed on its behalf by:

P G Cann - Director

Mr N G Kundnani - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 July 2024

1,100,000

(149,315

)

950,685

Changes in equity

Issue of share capital

400,000

-

400,000

Total comprehensive income

-

243,483

243,483

Balance at 30 June 2025

1,500,000

94,168

1,594,168

Changes in equity

Issue of share capital

1,200,000

-

1,200,000

Total comprehensive income

-

(1,749,801

)

(1,749,801

)

Balance at 30 June 2026

2,700,000

(1,655,633

)

1,044,367

Cash flows from operating activities

Cash generated from operations

1

(1,779,860

)

10,466

Interest paid

(552

)

(403

)

Interest element of hire purchase payments paid

(8,771

)

(9,694

)

Net cash from operating activities

(1,789,183

)

369

Cash flows from investing activities

Purchase of tangible fixed assets

(2,347

)

(4,316

)

Sale of tangible fixed assets

-

(10

)

Interest received

37,726

62,459

Net cash from investing activities

35,379

58,133

Cash flows from financing activities

Capital repayments in year

(7,466

)

(8,022

)

Share issue

1,200,000

400,000

Net cash from financing activities

1,192,534

391,978

(Decrease)/increase in cash and cash equivalents

(561,270

)

450,480

Cash and cash equivalents at beginning of year

2

1,843,945

1,393,465

Cash and cash equivalents at end of year

2

1,282,675

1,843,945

1.	RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

30/6/26

30/6/25

£

£

(Loss)/profit before taxation

(1,749,801

)

243,483

Depreciation charges

21,395

27,183

Loss on disposal of fixed assets

-

24,408

Amounts owed by associates

-

1,431,472

Amounts owed to groups

-

(218,142

)

Finance costs

9,323

10,097

Finance income

(37,726

)

(62,459

)

(1,756,809

)

1,456,042

Decrease in trade and other debtors

1,183,193

7,665,467

Decrease in trade and other creditors

(1,206,244

)

(9,111,043

)

Cash generated from operations

(1,779,860

)

10,466

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 30 June 2026

30/6/26

1/7/25

£

£

Cash and cash equivalents

1,282,675

1,843,945

Year ended 30 June 2025

30/6/25

1/7/24

£

£

Cash and cash equivalents

1,843,945

1,393,465

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/7/25

Cash flow

At 30/6/26

£

£

£

Net cash

Cash at bank

1,843,945

(561,270

)

1,282,675

1,843,945

(561,270

)

1,282,675

Liquid resources

Current asset investments

67,221

-

67,221

67,221

-

67,221

Debt

Finance leases

(84,348

)

7,466

(76,882

)

(84,348

)

7,466

(76,882

)

Total

1,826,818

(553,804

)

1,273,014

1.	STATUTORY INFORMATION

Alchemy Prime 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Amounts are rounded to the nearest Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The Director has undertaken an assessment of whether the Company was a going concern when the accounts were prepared, considering all available information about the future including the current economic conditions, covering a period of 12 months from the date of the approval of the accounts. Following this review, the Director believes that the preparation of these financial statements on a going concern basis is appropriate.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In this regard, the Director believes that the critical accounting policies where judgments or estimations are necessarily applied are summarised below:

Deferred tax

Deferred tax assets are raised to the extent that it is probable that future taxable profit will be available against which the unused tax losses and unused tax credits can be utilised. Assessment of future taxable profit is performed at every reporting date, in the form of future cash flows using a suitable growth rate.

Turnover

Turnover represents the difference between the total value of profitable trades and the total value of loss making trades (including open market positions and net brokerage costs or gains to hedge), plus commissions, fees or rebates earnt and interest receivable on client's money by the company during the year.

All turnover is generated in the United Kingdom, but the Company's clients are based worldwide.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Office equipment

-

20% on cost

Motor vehicles

-

20% on reducing balance

Furniture and fixtures

-

20% on cost

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

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets measured at fair value through profit or loss amount to £2,865,398 (2025: £4,469,319) and comprise of broker debtors, current asset investments, loans receivable and cash at bank.

Financial liabilities amount to £2,197,014 (2025: £3,373,539) and comprise of derivative financial instruments measured at fair value through profit or loss held as part of a trading portfolio, trade creditors, other creditors, accruals and hire purchase liabilities

Client bank accounts

The company operates designated client bank accounts in accordance with the Client Money regulations of the Financial Conduct Authority (FCA). These accounts do not represent funds of the company and so the deposits are not recognised in the company's statement of financial position.

As of the balance sheet date, the company held client funds of £868,136 (2025: £827,301).

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

30/6/26

30/6/25

£

£

Wages and salaries

702,485

841,525

Social security costs

95,956

108,189

Other pension costs

47,851

35,571

846,292

985,285

The average number of employees during the year was as follows:

30/6/26

30/6/25

Management and general administration

3

4

Compliance

4

4

Sales and marketing

2

2

Operations

5

6

Information technology

2

2

Finance

2

3

HR

1

-

19

21

Employee and director costs are included net of a recharge to related entities. Gross payroll costs are as follows:

Wages and salaries - £1,132,631 (2025: £1,076,436)

Social security costs - £154,632 (2025: £108,208)

Pension costs - £47,851 (2025: £108,798)

30/6/26

30/6/25

£

£

Directors' remuneration

153,600

71,413

5.	OPERATING (LOSS)/PROFIT

The operating loss (2025 - operating profit) is stated after charging/(crediting):

30/6/26

30/6/25

£

£

Hire of plant and machinery

-

3,378

Other operating leases

50,099

135,190

Depreciation - owned assets

7,192

9,744

Depreciation - assets on hire purchase contracts

14,203

17,439

Loss on disposal of fixed assets

-

24,408

Audit fees for current year

26,211

67,280

Fees paid to previous auditor for prior period audit related work

-

42,200

Foreign exchange differences

(29,837

)

125,451

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

30/6/26

30/6/25

£

£

Other interest charges

552

403

Hire purchase

8,771

9,694

9,323

10,097

7.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 30 June 2026 nor for the year ended 30 June 2025.