| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31st December 2025 |
| for |
| Funtech Global Communications Limited |
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31st December 2025 |
| for |
| Funtech Global Communications Limited |
| Funtech Global Communications Limited (Registered number: 07979772) |
| Contents of the Financial Statements |
| for the Year Ended 31st December 2025 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Funtech Global Communications Limited |
| Company Information |
| for the Year Ended 31st December 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 7 St John's Road |
| Harrow |
| Middlesex |
| HA1 2EY |
| Funtech Global Communications Limited (Registered number: 07979772) |
| Statement of Financial Position |
| 31st December 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Funtech Global Communications Limited (Registered number: 07979772) |
| Notes to the Financial Statements |
| for the Year Ended 31st December 2025 |
| 1. | STATUTORY INFORMATION |
| Funtech Global Communications Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Revenue recognition |
| The company earns revenue from transaction fees charged to customers. Each transaction is considered a separate contract between the company and the customer, each with one performance obligation, being the receipt of the funds by the recipient.Revenue is recognised at the point in time the performance obligation is satisfied. Revenue is derived from the money transfer fee. |
| The company also earns revenue from management fees charged to associated companies. The revenue is recognised as and when the related party has received the benefit of the management services. |
| 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. |
| 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 |
| Funtech Global Communications Limited (Registered number: 07979772) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2025 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Amounts owed by associates |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Amounts owed to associates | 14,417 | 57,278 |
| Taxation and social security | ( |
) |
| Other creditors |
| 6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31st December 2025 and 31st December 2024: |
| 2025 | 2024 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Interest was charged on the above loan at a rate of 2.25% and 3.75%. The loan was fully repaid within 9 months of the year end. |
| Funtech Global Communications Limited (Registered number: 07979772) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2025 |
| 8. | RELATED PARTY DISCLOSURES |
| Included in debtors is an amount of £2,873 (2024: £40,616 creditor) due from Funtech Global Communications Limited, a company incorporated in Kenya which is under common control. |
| During the year management fees of £330,249 (2024: £346,345) were charged to the Kenyan company in relation to recharged admin costs and staff time in support of the Kenyan company. In addition the two companies assist each other in fulfilling their money transfer obligations. |
| Also included in creditors is an amount of £14,417 (2024: £16,662) due to Whytelion Limited, a company incorporated in the UK which is under common control. This is an interest free loan which is repayable on demand. |