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REGISTERED NUMBER: 07930901 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 December 2024 |

| for |

| MRFS Investments Limited |

| MRFS Investments Limited (Registered number: 07930901) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| MRFS Investments Limited |

Company Information

for the Year Ended 31 December 2024

| DIRECTOR: | Mr A J Mackie

| REGISTERED OFFICE: | 316 Blackpool Road

| Fulwood

| Preston

| Lancashire

| PR2 3AE

| REGISTERED NUMBER: | 07930901 (England and Wales)

| ACCOUNTANTS: | McDade Roberts Accountants Limited

| Chartered Accountants

| 316 Blackpool Road

| Fulwood

| Preston

| Lancashire

| PR2 3AE

| MRFS Investments Limited (Registered number: 07930901) |

Statement of Financial Position

31 December 2024

| 31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 467,591 |  | 537,431 |  |

Tangible assets | 5 | - |  | - |  |

467,591 |  | 537,431 |  |

CURRENT ASSETS

Cash at bank and in hand | 12,793 |  | 82,444 |  |

CREDITORS

Amounts falling due within one year | 6 | 187,398 |  | 82,477 |  |

NET CURRENT LIABILITIES | (174,605 | ) | (33 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 292,986 |  | 537,398 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 344,888 |  | 574,358 |  |

NET LIABILITIES | (51,902 | ) | (36,960 | ) |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | (51,903 | ) | (36,961 | ) |

SHAREHOLDERS' FUNDS | (51,902 | ) | (36,960 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

| MRFS Investments Limited (Registered number: 07930901) |

Statement of Financial Position - continued

31 December 2024

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 director and authorised for issue on 9 September 2025 and were signed by:

Mr A J Mackie - Director

| MRFS Investments Limited (Registered number: 07930901) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| MRFS Investments Limited 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.

| The company has closing net liabilities, it however is supported by its director and an associated company, MR Financial Services Limited with all borrowings being cross guaranteed.

| The Director of MR Financial Services Ltd has given personal guarantees in order to secure the financing of the purchase of Goodwill.

| Therefore the accounts have been prepared on the going concern basis.

| Turnover

| Turnover represents the Licence fees charged.

| Income is recognised as the right to it becomes an obligation.

| Goodwill

| Goodwill represents the purchase of a number of client banks of Independent Financial Advisers.

| Licence fees are charged for the use of the client data.

| Goodwill is being amortised over a 10 year period from acquisition, this is reviewed periodically.

| 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 the cost less estimated residual value of each asset over its estimated useful life.

| Fixtures and fittings | - | 25% on cost

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

| MRFS Investments Limited (Registered number: 07930901) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 885,733 |  |

| AMORTISATION

| At 1 January 2024 | 348,302 |  |

| Amortisation for year | 69,840 |  |

| At 31 December 2024 | 418,142 |  |

| NET BOOK VALUE

| At 31 December 2024 | 467,591 |  |

| At 31 December 2023 | 537,431 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| fittings

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 1,000 |  |

| DEPRECIATION

| At 1 January 2024

| and 31 December 2024 | 1,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

| At 31 December 2023 | - |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank loans and overdrafts | 12,086 |  | 17,907 |  |

| Other loans | 22,937 |  | 10,000 |  |

| Trade creditors | 1 |  | - |  |

| Amounts owed to associates | 137,630 |  | 45,458 |  |

| Tax | 14,744 |  | 9,112 |  |

187,398 |  | 82,477 |  |

| MRFS Investments Limited (Registered number: 07930901) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank loans - 1-2 years | 4,167 |  | 11,977 |  |

| Bank loans - 2-5 years | - |  | 4,167 |  |

| Other loans - 1-2 years | 26,417 |  | 10,000 |  |

| Other loans - 2-5 years | 11,500 |  | 79,167 |  |

| Client Bank Aquisition Loan | 302,804 |  | 469,047 |  |

344,888 |  | 574,358 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank loans | 16,253 |  | 34,051 |  |

| Other loans | 60,854 |  | 99,167 |  |

77,107 |  | 133,218 |  |

| National Westminster Bank PLC have a charge dated 19 March 2014 over bank loans made to the company. The Director has personally guaranteed the loans also.

| The bank also have a cross guarantee which has been given by MR Financial Services Limited.

| The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from National Westminster Bank PLC in the year.

9. | RELATED PARTY DISCLOSURES

| Companies with common control

| During the period the company received licence fees totalling £83,700 (31.12.23: £72,057) from companies with common control.

| The company also had loans outstanding to companies with common control during the year. The loans were interest free and repayable on demand. The combined total outstanding at the year end was £137,630 (31.12.23: £45,458).