Conquest Planning Inc. Uk Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 13583723 (England and Wales)

CONQUEST PLANNING INC. UK LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

M Evans

D Evans

S Macdonald

M Sim

REGISTERED OFFICE:

37th Floor, 1 Canada Centre

Canary Wharf

London

E14 5AA

REGISTERED NUMBER:

13583723 (England and Wales)

AUDITORS:

GMP Audit Limited, Statutory Auditor

20 Eversley Road

Bexhill on Sea

East Sussex

TN40 1HE

FIXED ASSETS

Tangible assets

4

861

1,861

CURRENT ASSETS

Debtors

5

9,294

28,648

Cash at bank

172,957

147,359

182,251

176,007

CREDITORS

Amounts falling due within one year

6

1,829,210

1,771,456

NET CURRENT LIABILITIES

(1,646,959

)

(1,595,449

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,646,098

)

(1,593,588

)

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

(1,646,198

)

(1,593,688

)

SHAREHOLDERS' FUNDS

(1,646,098

)

(1,593,588

)

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 Board of Directors and authorised for issue on 13th August 2025 and were signed on its behalf by:

S Macdonald - Director

1.	STATUTORY INFORMATION

Conquest Planning Inc. Uk 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

55% reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 balance sheet 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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources available to it to continue trading despite the current liabilities exceeding the current assets by £1,646,959 as at 31 December 2024. In particular the parent company has significant resources in order to fund the UK and has indicated a continued willingness to support the company going forward. The UK subsidiary sales pipeline is strong; further customers going live in 2024 and 2025.

The directors have continued to use the going concern basis as appropriate in the preparation of these accounts.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st January 2024

and 31st December 2024

5,054

DEPRECIATION

At 1st January 2024

3,193

Charge for year

1,000

At 31st December 2024

4,193

NET BOOK VALUE

At 31st December 2024

861

At 31st December 2023

1,861

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as

restated

£

Trade debtors

-

4,919

VAT

-

18,442

Prepayments and accrued income

9,294

5,287

9,294

28,648

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as

restated

£

Trade creditors

3,330

5,274

Amounts owed to group undertakings

1,804,282

1,724,786

Social security and other taxes

-

28,721

VAT

5,693

-

Other creditors

-

3,150

Accrued expenses

15,905

9,525

1,829,210

1,771,456

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

as
restated

£

100

Ordinary

£1

100

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Appleyard (Senior Statutory Auditor)

for and on behalf of GMP Audit Limited, Statutory Auditor

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned members of the group headed by Conquest Planning Inc, due to it being a wholly owned subsidiary in that group.

10.	ULTIMATE CONTROLLING PARTY

The parent company and controlling party is Conquest Planning Inc, a company incorporated in Canada. It's financial statements are not publicly available.