Contents of the Financial Statements

for the Period Ended 31 December 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2025

The directors present their report with the financial statements of the company for the period ended 31 December 2025

Directors

The directors shown below have held office during the whole of the period from
1 January 2025 to 31 December 2025

A.Belchambers
S.Fitzpatrick
S.Manwaring
J.Marchese
E.Miller
T. Milligan
P. Newman
C.Povey
L. Rosenshein
M. Taylor

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 March 2026

And signed on behalf of the board by:
Name: L. Rosenshein
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2025

	2025	2024
	£	£
Turnover:	23,467,000	22,178,000
Gross profit(or loss):	23,467,000	22,178,000
Administrative expenses:	( 20,094,000 )	( 18,328,000 )
Other operating income:	778,000	593,000
Operating profit(or loss):	4,151,000	4,443,000
Interest receivable and similar income:	391,000	585,000
Interest payable and similar charges:	( 14,000 )	( 50,000 )
Profit(or loss) before tax:	4,528,000	4,978,000
Tax:	( 1,455,000 )	( 1,262,000 )
Profit(or loss) for the financial year:	3,073,000	3,716,000

Balance sheet

As at 31 December 2025

	Notes	2025	2024
		£	£
Fixed assets
Tangible assets:	3	25,000	69,000
Investments:	4	178,000	178,000
Total fixed assets:		203,000	247,000
Current assets
Debtors:	5	5,793,000	7,483,000
Cash at bank and in hand:		8,980,000	13,116,000
Total current assets:		14,773,000	20,599,000
Prepayments and accrued income:		728,000	564,000
Creditors: amounts falling due within one year:	6	( 2,758,000 )	( 4,237,000 )
Net current assets (liabilities):		12,743,000	16,926,000
Total assets less current liabilities:		12,946,000	17,173,000
Total net assets (liabilities):		12,946,000	17,173,000
Capital and reserves
Called up share capital:		20,000	20,000
Share premium account:		540,000	540,000
Profit and loss account:		12,386,000	16,613,000
Total Shareholders' funds:		12,946,000	17,173,000

The notes form part of these financial statements

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Turnover policy

  Revenue and segmental reporting Revenue represents commission receivable from the broking of currency options in the UK, net of any discount given and VAT, and is recognised as earned when ‘control’ of the goods and services underlying a particular performance obligation is transferred to the customer. All revenue recorded in the Company is generated within the UK and relates to the broking of currency options or the provision of data. Disaggregation of revenue from contracts with customers The Company derives revenue from contracts with customers as described in note 2. The derivatives broking only covers a single product type; FX and currency options, and the revenue is recognised net of any intercompany transfers

  Tangible fixed assets depreciation policy

  Tangible fixed assets Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided on the cost of all tangible fixed assets in use during the year at rates calculated to write off the cost of each asset evenly over its expected useful life. The following annual depreciation rates are used: Telephones - 5 years Computer equipment - 3 years Fixtures and fittings - 5 years

  Intangible fixed assets amortisation policy

  Intangible fixed assets Intangible fixed assets relate either to internally developed trading platforms (including hardware and software) or externally purchased software. The internally developed trading platforms are held at cost until put to use and are then amortised over three to five years using the straight-line method in line with the amortisation policy of the Company. Where the intangible fixed asset relates to externally purchased computer software, amortisation is provided on the cost of the computer software in use during the year at rates calculated to write off the asset evenly over its expected useful life. The following amortisation rate has been used: Computer software - 3 years

Notes to the Financial Statements

for the Period Ended 31 December 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	31	29