Company No: 08626802 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Matthew James Cheetham (Appointed 09 June 2025)
	Simon David Kay (Appointed 17 July 2024)
	Howard Patrick Soltau (Resigned 17 July 2024)
	Michelle Soltau (Resigned 17 July 2024)

REGISTERED OFFICE	Suite 42 Brooks Drive
	Cheadle Royal Business Park
	Cheadle
	SK8 3TD
	United Kingdom

COMPANY NUMBER

08626802 (England and Wales)

	Note	31.01.2025		31.12.2023
		£		£
Current assets
Debtors	4	224		31,857
Cash at bank and in hand		18,592		998
		18,816		32,855
Creditors: amounts falling due within one year	5	( 4,234)		( 18,563)
Net current assets		14,582		14,292
Total assets less current liabilities		14,582		14,292
Net assets		14,582		14,292
Capital and reserves
Called-up share capital		102		2
Share premium account		19,998		0
Profit and loss account		( 5,518 )		14,290
Total shareholders' funds		14,582		14,292

For the financial period ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Money Advisory Centre Limited (registered number: 08626802) were approved and authorised for issue by the Board of Directors on 30 October 2025. They were signed on its behalf by:

Simon David Kay Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Money Advisory Centre Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Suite 42 Brooks Drive, Cheadle Royal Business Park, Cheadle, SK8 3TD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The current accounting period has been extended to cover the 13 months ending 31 January 2025. The comparative figures relate to the 12 month period ended 31 December 2023 and are therefore not directly comparable.

Turnover

Turnover principally represents contracted income earned from the number of customers advised and the management fees received directly from customers. Turnover is recognised in full at the point at which the performance obligations have been fulfilled. Performance obligations are the provision of advice and distribution of monies owed from customers to their creditors. Turnover is stated net of VAT and consists of services provided in the United Kingdom.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life.

Intangible assets had been fully amortised by 31 December 2017.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2. Employees

	Period from 01.01.2024 to 31.01.2025		Year ended 31.12.2023
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	2		6

From 17th July 2024 the Company does not employ staff in its own right.

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 January 2024	43,905		43,905
Disposals	( 43,905)		( 43,905)
At 31 January 2025	0		0
Accumulated amortisation
At 01 January 2024	43,905		43,905
Disposals	( 43,905)		( 43,905)
At 31 January 2025	0		0
Net book value
At 31 January 2025	0		0
At 31 December 2023	0		0

4. Debtors

	31.01.2025		31.12.2023
	£		£
Other debtors	224		31,857

5. Creditors: amounts falling due within one year

	31.01.2025		31.12.2023
	£		£
Other creditors	4,234		18,563

6. Related party transactions

Other related party transactions

From 17 July 2024, the directors who served were remunerated by TMG Limited. The directors do not believe that it is practicable to apportion this amount between their services as directors of the Company and their services as directors of TMG Limited.

7. Events after the Balance Sheet date

After the balance sheet date, a charge was registered at Companies House over the Company's assets.

8. Regulatory capital (unaudited)

In line with the Company's authorisation from the FCA, there is a regulatory capital requirement, to ensure that the Company maintains adequate capital throughout the period. The directors confirm that the Company has maintained sufficient levels of capital throughout the reporting period to consistently exceed the regulatory requirement. Management review the Company's capital in line with the requirements on a monthly basis. The Company has sufficient capital to meet its future regulatory requirements.

9. Ultimate controlling party

From 1st January 2024 to 17th July 2024, there was no one controlling party. On the 17th July 2024 the share capital of the Company was purchased from its existing shareholders by TMG Limited, a company incorporated in the UK. The ultimate controlling company of TMG Limited is Tomahawk Bidco Limited, a company incorporated and registered in Jersey.

On the 13th December 2024 the share capital of the Company was purchased from TMG Limited by funds managed by Ares Management UK Limited. The ultimate controlling party at the period end is Ares Management UK Limited, with 100% of the share capital held by Ares Management UK Limited on behalf of funds managed by that company.