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REGISTERED NUMBER: 09224915 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

THE CARD AND PAYMENTS AWARDS LTD

THE CARD AND PAYMENTS AWARDS LTD (REGISTERED NUMBER: 09224915)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


THE CARD AND PAYMENTS AWARDS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: M P Harty
A P Davis





REGISTERED OFFICE: Langley House
Park Road
London
N2 8EY





REGISTERED NUMBER: 09224915 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

THE CARD AND PAYMENTS AWARDS LTD (REGISTERED NUMBER: 09224915)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2025

28.2.25 29.2.24
Notes £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 230,148 234,579
230,148 234,579

CURRENT ASSETS
Debtors 6 402,507 288,727
Cash at bank 446,255 604,111
848,762 892,838
CREDITORS
Amounts falling due within one year 7 54,518 108,893
NET CURRENT ASSETS 794,244 783,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,024,392

1,018,524

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,024,292 1,018,424
1,024,392 1,018,524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2025 and were signed on its behalf by:



M P Harty - Director


THE CARD AND PAYMENTS AWARDS LTD (REGISTERED NUMBER: 09224915)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

The Card and Payments Awards Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 and represents amounts receivable for services rendered, excluding discounts, rebates, value added tax and other sales taxes. Revenue from the sale of services are recognised when the significant risks and rewards of ownership of the service have transferred to the buyer, which is after the event takes place.

Goodwill
Goodwill has been fully amortised over 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Asset ClassDepreciation method rate
Freehold propertyover 50 years
Freehold Landnot depreciated
Computer equipmentstraight line basis over 3 years
Fixture and fittingsStraight line basis over 4 years

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.


THE CARD AND PAYMENTS AWARDS LTD (REGISTERED NUMBER: 09224915)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Impairment of assets
A review of indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversals at each reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

THE CARD AND PAYMENTS AWARDS LTD (REGISTERED NUMBER: 09224915)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 March 2024
and 28 February 2025 40,000
AMORTISATION
At 1 March 2024
and 28 February 2025 40,000
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 March 2024 246,172 23,178 269,350
Additions - 2,616 2,616
At 28 February 2025 246,172 25,794 271,966
DEPRECIATION
At 1 March 2024 22,843 11,928 34,771
Charge for year 3,232 3,815 7,047
At 28 February 2025 26,075 15,743 41,818
NET BOOK VALUE
At 28 February 2025 220,097 10,051 230,148
At 29 February 2024 223,329 11,250 234,579

Included in cost of land and buildings is freehold land of £ 82,057 (2024 - £ 82,057 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£ £
Trade debtors 12,350 5,900
Amounts owed by group undertakings 358,677 261,914
Other debtors 31,480 20,913
402,507 288,727

THE CARD AND PAYMENTS AWARDS LTD (REGISTERED NUMBER: 09224915)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£ £
Bank loans and overdrafts 5,265 -
Trade creditors 1,668 6,531
Taxation and social security 12,905 40,043
Other creditors 34,680 62,319
54,518 108,893

Included within creditors due within one year are accrued expenses of £3,000 (2024: £5,529).

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25 29.2.24
£ £
M P Harty
Balance outstanding at start of year (5,789 ) (10,173 )
Amounts advanced 15,789 4,384
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 (5,789 )

The overdrawn loan balance is repayable on demand and personally guaranteed by the director.

9. RELATED PARTY DISCLOSURES

At the date of these financial statements the company was owed £120,471 (2024: £23.708) by Besecure Ltd and £238,206 (2024: 238,206) by Narvacrest Ltd. These amounts have been provided on an interest free basis and are repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The company is 80% owned by parent company, Besecure Ltd, a company incorporated in Ireland.