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REGISTERED NUMBER: 07812796 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

Conatus Financing Solutions Limited

Conatus Financing Solutions Limited (Registered number: 07812796)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


Conatus Financing Solutions Limited (Registered number: 07812796)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,650 1,564
Investments 5 10,000 10,000
11,650 11,564

CURRENT ASSETS
Debtors 6 7,751 15,102
Cash at bank 12,021 27,145
19,772 42,247
CREDITORS
Amounts falling due within one year 7 30,417 44,081
NET CURRENT LIABILITIES (10,645 ) (1,834 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,005

9,730

CREDITORS
Amounts falling due after more than one
year

8

(34,259

)

(39,815

)

PROVISIONS FOR LIABILITIES 11 (313 ) (297 )
NET LIABILITIES (33,567 ) (30,382 )

CAPITAL AND RESERVES
Called up share capital 12 20 20
Retained earnings (33,587 ) (30,402 )
SHAREHOLDERS' FUNDS (33,567 ) (30,382 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Conatus Financing Solutions Limited (Registered number: 07812796)

BALANCE SHEET - continued
31 March 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by:





Mr K J Ward - Director


Conatus Financing Solutions Limited (Registered number: 07812796)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Conatus Financing Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07812796

Registered office: Unit F
Bristol Court, Betts Avenue
Martlesham Heath Business Park
Ipswich
Suffolk
IP5 3RY

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment 25% - 33% on cost

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.

Investments in associates
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Conatus Financing Solutions Limited (Registered number: 07812796)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued
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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals payable under operating leases, including any lease incentives received, are charged to profit and loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Going concern
These accounts have been prepared on a going concern basis. Although the balance sheet shows a net deficit of funds the directors are confident that the company has the necessary resources to continue trading as a going concern.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

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 current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Conatus Financing Solutions Limited (Registered number: 07812796)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 13,567
Additions 1,621
At 31 March 2023 15,188
DEPRECIATION
At 1 April 2022 12,003
Charge for year 1,535
At 31 March 2023 13,538
NET BOOK VALUE
At 31 March 2023 1,650
At 31 March 2022 1,564

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2022
and 31 March 2023 10,000
NET BOOK VALUE
At 31 March 2023 10,000
At 31 March 2022 10,000

This represents an investment in an associated business, Contaus Bookkeeping Limited. This is valued at the original cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,021 1,274
Other debtors 3,730 13,828
7,751 15,102

Conatus Financing Solutions Limited (Registered number: 07812796)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 5,556 5,556
Trade creditors 2 160
Amounts owed to associates 14,840 30,127
Taxation and social security 4,132 5,567
Other creditors 5,887 2,671
30,417 44,081

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 34,259 39,815

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,556 5,556

Amounts falling due between one and two years:
Bank loans - 1-2 years 22,222 22,222

Amounts falling due between two and five years:
Bank loans - 2-5 years 12,037 17,593

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 4,429 3,322
Between one and five years 3,322 8,858
7,751 12,180

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 313 297

Conatus Financing Solutions Limited (Registered number: 07812796)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 297
Charge to Income Statement during year 16
Balance at 31 March 2023 313

12. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20 Ordinary £1 20 20

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be Conatus Holdings Ltd, a company registered in England & Wales (Company No 13014609)