REGISTERED NUMBER: 06762322 (England and Wales)

Audited Financial Statements for the Year Ended 31 December 2024

for

Catax Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G B Ryan

J C Sweet

REGISTERED OFFICE:

100 Liverpool Street

London

EC2M 2AT

REGISTERED NUMBER:

06762322 (England and Wales)

INDEPENDENT AUDITORS:

Saffery LLP

71 Queen Victoria Street

London

EC4V 4BE

CURRENT ASSETS

Debtors

4

609,586

643,824

TOTAL ASSETS LESS CURRENT LIABILITIES

609,586

643,824

CAPITAL AND RESERVES

Called up share capital

5

75

75

Capital redemption reserve

25

25

Other reserves

80,000

80,000

Retained earnings

529,486

563,724

SHAREHOLDERS' FUNDS

609,586

643,824

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 15 September 2025 and were signed on its behalf by:

G B Ryan - Director

1.	STATUTORY INFORMATION

Catax Solutions 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.

On the 1 April 2023 the group made the decision to hive up all trade and assets of Catax Solutions Limited to Research & Development Tax Solutions Limited, the parent company. As a result Catax Solutions Limited has ceased to trade as an individual entity.

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 financial statements have been prepared on a basis other than going concern given that the trade and assets have been hived up to the parent company as part of a group restructuring process.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

The Company performs services for clients under engagement specific contracts. Such contracts generally specify the agreed upon scope of the engagement, the time periods covered by the engagement, the client's responsibility in providing information to and cooperating with the Company, and the fee payable to the Company.

Turnover from contracts which are generated from capital allowances claims recognises the stage of completion when the report has been submitted to the client. Fees are based on the specific contract with the customer.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

609,586

608,105

Other debtors

-

35,719

609,586

643,824

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

75

Ordinary

£1

75

75

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

7.	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 subsidiaries within the group.

8.	POST BALANCE SHEET EVENTS

Following the group's restructuring plan the company will be dissolved.

9.	ULTIMATE CONTROLLING PARTY