CHOICE INTERNATIONAL LIMITED

Company Registration Number:
05092522 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

CHOICE INTERNATIONAL LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

CHOICE INTERNATIONAL LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

0 months to 30 June 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 5,145,947 561,937
Tangible assets: 4 280,438 317,046
Investments: 5 934,995 844,995
Total fixed assets: 6,361,380 1,723,978
Current assets
Stocks: 0 0
Debtors: 6 4,208,049 6,434,078
Cash at bank and in hand: 3,522,873 2,129,497
Investments:   0 0
Total current assets: 7,730,922 8,563,575
Creditors: amounts falling due within one year: 7 (14,690,760) (10,654,714)
Net current assets (liabilities): (6,959,838) (2,091,139)
Total assets less current liabilities: (598,458) (367,161)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): (598,458) (367,161)
Capital and reserves
Called up share capital: 110,000 110,000
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (708,458) (477,161)
Shareholders funds: (598,458) (367,161)

The notes form part of these financial statements

CHOICE INTERNATIONAL LIMITED

Balance sheet statements

For the year ending 30 June 2024 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 April 2025
and signed on behalf of the board by:

Name: Nicholas Ian Bridges
Status: Director

The notes form part of these financial statements

CHOICE INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CHOICE INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 0 months to 30 June 2023
Average number of employees during the period 6 9

CHOICE INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Intangible Assets

Total
Cost £
At 01 July 2023 561,937
Additions 4,584,010
Disposals 0
Revaluations 0
Transfers 0
At 30 June 2024 5,145,947
Amortisation
At 01 July 2023 0
Charge for year 0
On disposals 0
Other adjustments 0
At 30 June 2024 0
Net book value
At 30 June 2024 5,145,947
At 30 June 2023 561,937

CHOICE INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible Assets

Total
Cost £
At 01 July 2023 638,275
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 30 June 2024 638,275
Depreciation
At 01 July 2023 321,229
Charge for year 36,608
On disposals 0
Other adjustments 0
At 30 June 2024 357,837
Net book value
At 30 June 2024 280,438
At 30 June 2023 317,046

CHOICE INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Fixed investments

Investment in subsidiary companies - £10,000 (2023: £10,000) Investment in joint ventures: £924,995 (2023: £834,995)

CHOICE INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Debtors

2024 0 months to 30 June 2023
££
Debtors due after more than one year: 0 0

CHOICE INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

7. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one Trade creditors - £Nil (2023: £Nil) Amounts owed to group undertakings - £8,862,551 (2023: £6,331,747) Other creditors - £1,188,207 (2023: £10,000) Accruals and deferred income - £393,794 (2023: £134,049) Borrowings - £4,246,209 (2023: £4,178,918)

CHOICE INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

8. Loans to directors

Included within other debtors are amounts due from N. Bridges, a director and shareholder of the company of £209,965 (2023: £203,850). Interest of 3% (£6,116) was charged and capitalised to the loan balance in the current year.

CHOICE INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

9. Related party transactions

Name of the related party: Nicholas Ian Bridges
Relationship:
Director
Description of the Transaction: Remuneration for directors' fees - Nicholas Ian Bridges - £55,154 (2023: £64,397)
£
Balance at 01 July 2023 0
Balance at 30 June 2024 0
Name of the related party: Salomon Smilovitz
Relationship:
Non-executive director
Description of the Transaction: Remuneration for directors' fees - Salomon Smilovitz - £9,000 (2023: £9,750)
£
Balance at 01 July 2023 0
Balance at 30 June 2024 0
Name of the related party: Choice Forex Limited
Relationship:
Subsidiary
Description of the Transaction: Intercompany Services - £583,944 (£451,894)
£
Balance at 01 July 2023 451,894
Balance at 30 June 2024 1,035,838