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COMPANY REGISTRATION NUMBER: 06443313

CENTURION PORTFOLIO MANAGERS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2024

CENTURION PORTFOLIO MANAGERS LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

| 2024 | 2023
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 1,745 |  | 1,019

Current assets

Debtors | 6 | 297,413 |  | 296,866 |
Cash at bank and in hand | 7,996 |  | 16,513 |
| -------- |  | -------- |
| 305,409 |  | 313,379 |

Creditors: amounts falling due within one year | 7 | ( 8,111) |  | ( 20,405) |
| -------- |  | -------- |
Net current assets |  | 297,298 |  | 292,974
|  | -------- |  | --------
Total assets less current liabilities |  | 299,043 |  | 293,993

Provisions

Taxation including deferred tax |  | ( 331) |  | ( 194)
|  | -------- |  | --------
Net assets |  | 298,712 |  | 293,799
|  | -------- |  | --------

Capital and reserves

Called up share capital | 8 |  | 10 |  | 10
Share premium account |  | 289,990 |  | 289,990
Profit and loss account |  | 8,712 |  | 3,799
|  | -------- |  | --------
Shareholder funds |  | 298,712 |  | 293,799
|  | -------- |  | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 September 2025 , and are signed on behalf of the board by:

P Wan
Director

Company registration number: 06443313

CENTURION PORTFOLIO MANAGERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024
1. General information
Centurion Portfolio Managers Limited is a private company limited by shares, registered England and Wales. The registered office is 2 Crossways Business Centre, Bicester Road, Kingswood, Aylesbury, Buckinghamshire HP18 0RA.
2. Statement of compliance
These financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Going concern
The financial statements have been prepared on the basis that the company will continue in business for the foreseeable future. The directors believe that this is appropriate with the continued support of the parent company.
Judgements and key sources of estimation uncertainty
In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods. Critical judgements in applying the company's accounting policies The critical judgements that the directors have made in the progress of applying the company's accounting policies that have the most significant effect on the amounts recognised in the statutory financial statements are discussed below. (i) Assessing indicators of impairment In assessing whether there have been any indicators of impairment assets, the directors have considered both internal and external sources of information such as market conditions, counterparty credit ratings and experience recoverability. There have been no indicators of impairments identified during the current financial year. Key sources of estimation uncertainty The key assumptions concerning the future, and other key sources of estimation uncertainty, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below. (ii) Recoverability of receivables The company establishes a provision for receivables that are estimated not to be recoverable. When assessing recoverability the directors consider factors such as the ageing of the receivables, past experience of recoverability, and the credit profile of individual or groups of customers. (iii) Determining useful economic lives of property, plant and equipment The company depreciate tangible assets over their estimated useful lives. The estimation of the useful lives of assets is based on historic performance as well as expectations about future use and therefore requires estimates and assumptions to be applied by management. The actual lives of these assets can vary depending on a variety of factors, including technological innovation, product life cycles and maintenance programmes.
Revenue recognition
Revenue is recognised to the extent that economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Leasehold improvements | - | Straight line over the term of the lease
| Equipment | - | 33% straight line

The assets residual values, useful lives and depreciation methods are reviewed and adjusted if appropriate or if there is an indication of significant change since the last reporting period.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds basic financial instruments, which comprise cash and cash equivalents, trade and other receivables, and trade and other payables. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments. Trade and other debtors/creditors Trade and other debtors are recognised initially at transaction price plus attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it it is measured at the present value of future payments discounted at a market rate of instrument for a similar debt instrument. Cash and cash equivalents Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. For the purpose of the consolidated cash flow statement, cash and cash equivalents consist of cash and cash equivalents as defined above, net of outstanding bank overdrafts.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets

| Leasehold improvements | Equipment | Total
| £ | £ | £
Cost |  |  |
At 1 January 2024 | 10,000 | 18,913 | 28,913
Additions | – | 1,411 | 1,411
| ------- | ------- | -------
At 31 December 2024 | 10,000 | 20,324 | 30,324
| ------- | ------- | -------
Depreciation |  |  |
At 1 January 2024 | 10,000 | 17,894 | 27,894
Charge for the year | – | 685 | 685
| ------- | ------- | -------
At 31 December 2024 | 10,000 | 18,579 | 28,579
| ------- | ------- | -------
Carrying amount |  |  |
At 31 December 2024 | – | 1,745 | 1,745
| ------- | ------- | -------
At 31 December 2023 | – | 1,019 | 1,019
| ------- | ------- | -------

6. Debtors

| 2024 | 2023
| £ | £
Trade debtors | 2,986 | 1,706
Amounts owed by group undertakings | 264,861 | 265,364
Other debtors | 29,566 | 29,796
| -------- | --------
| 297,413 | 296,866
| -------- | --------

7. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Trade creditors | 1,589 | 9,384
Corporation tax | 1,063 | 997
Social security and other taxes | 2,177 | 2,535
Other creditors | 3,282 | 7,489
| ------ | -------
| 8,111 | 20,405
| ------ | -------

8. Called up share capital
Issued, called up and fully paid

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £ 1 each | 10 | 10 | 10 | 10
| ---- | ---- | ---- | ----

The ordinary shares carry one voting right per share and no fixed income.
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2024 | 2023
| £ | £
Not later than 1 year | 24,000 | 24,000
Later than 1 year and not later than 5 years | 63,584 | 87,584
| ------- | --------
| 87,584 | 111,584
| ------- | --------

10. Controlling party
The immediate parent company is Centurion Group Limited, a company incorporated in the Island of Nevis, which is ultimately owned by Argyll Trust Company Limited, a company incorporated in New Zealand, acting in its capacity as Trustee of the Ninahuilca Trust. The Ninahuilca Trust is the family trust of D Rawson-Mackenzie, who is the settlor and one of the named beneficiaries.