CHOICE FINANCIAL LIMITED

Company Registration Number:
08535558 (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 FINANCIAL LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

CHOICE FINANCIAL LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

13 months to 30 June 2023


£

£
Called up share capital not paid: 10,000 10,000
Fixed assets
Investments: 3 210,000 210,000
Total fixed assets: 210,000 210,000
Current assets
Debtors: 4 0 2,564,541
Total current assets: 0 2,564,541
Creditors: amounts falling due within one year: 5 (787,212) (435,822)
Net current assets (liabilities): (787,212) 2,128,719
Total assets less current liabilities: (567,212) 2,348,719
Creditors: amounts falling due after more than one year: 6 0 (2,564,541)
Total net assets (liabilities): (567,212) (215,822)
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: (577,212) (225,822)
Shareholders funds: (567,212) (215,822)

The notes form part of these financial statements

CHOICE FINANCIAL 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 06 June 2025
and signed on behalf of the board by:

Name: Nicholas Ian Bridges
Status: Director

The notes form part of these financial statements

CHOICE FINANCIAL 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 FINANCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 13 months to 30 June 2023
Average number of employees during the period 0 0

CHOICE FINANCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Fixed investments

Fixed investments represent the company's investment in Choice Forex Limited, which is a wholly owned subsidiary.

CHOICE FINANCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 13 months to 30 June 2023
££
Debtors due after more than one year: 0 1,564,541

CHOICE FINANCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

Creditors - amounts due within one year includes balances payable to other group companies including Choice Forex Limited of £210,000 (2023: £210,000) and Choice International Limited of £557,212,000 (2023: £225,822).

CHOICE FINANCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Creditors: amounts falling due after more than one year note

Creditors - amounts falling due after one year include amounts payable to an external lender of £nil (2023: £2,564,541).

CHOICE FINANCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

7. Related party transactions

Name of the related party: Choice Forex Limited
Relationship:
Subsidiary
Description of the Transaction: The balance owed to Choice Forex Limited represents unpaid share capital issued to Choice Financial Limited.
£
Balance at 01 July 2023 210,000
Balance at 30 June 2024 210,000
Name of the related party: Choice International Limited
Relationship:
Parent company
Description of the Transaction: The amount payable to Choice International Limited represents the net amount due from a current working capital loan facility and other recharges between the companies. The company also has unpaid share capital due from Choice International Limited (totaling £10,000 in 2024 and 2022).
£
Balance at 01 July 2023 2,348,719
Balance at 30 June 2024 567,212