360 Consultants Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09625867 (England and Wales)

360 CONSULTANTS LIMITED

UNAUDITED CESSATION FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K Durham

Miss S M Fleming

Mrs C Armstrong

REGISTERED OFFICE:

15 High Street

Brackley

Northamptonshire

NN13 7DH

REGISTERED NUMBER:

09625867 (England and Wales)

ACCOUNTANTS:

Blencowes

15 High Street

Brackley

Northamptonshire

NN13 7DH

FIXED ASSETS

Tangible assets

4

-

Investments

5

3,650,691

5,450,691

3,650,691

5,450,691

CURRENT ASSETS

Debtors

6

1,257,247

1,239,700

Cash at bank

-

25,471

1,257,247

1,265,171

CREDITORS

Amounts falling due within one year

7

1,203

1,954

NET CURRENT ASSETS

1,256,044

1,263,217

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,906,735

6,713,908

CREDITORS

Amounts falling due after more than one
year

8

(2,168,012

)

(3,972,612

)

PENSION LIABILITY

11

(2,721,446

)

(2,721,446

)

NET ASSETS

17,277

19,850

CAPITAL AND RESERVES

Called up share capital

10

2,650

Retained earnings

14,627

17,200

SHAREHOLDERS' FUNDS

17,277

19,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 30 September 2025 and were signed on its behalf by:

Mr K Durham - Director

1.	STATUTORY INFORMATION

360 Consultants 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 rounded to the nearest 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 as modified by the revaluation of certain assets.

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

-

33% on Cost

Investments in subsidiaries and associates

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Investments in joint ventures and associates are measured at cost less impairment.

Taxation

Taxation for the period 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 taxation

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 period 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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Joint arrangements

The Company undertook a business activity through a joint arrangement. Joint arrangements exist when two or more parties have joint control. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control.

The Company's joint arrangements are joint operations.

The financial statements of the Company include its share of the assets in joint operations, together with its share of the liabilities, revenues and expenses arising jointly or otherwise from these operation and its revenue derived from the sale of its share of the output from the operation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 May 2025

1,475

DEPRECIATION

At 1 April 2024

and 31 May 2025

1,475

NET BOOK VALUE

At 31 May 2025

-

At 31 March 2024

-

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 April 2024

and 31 May 2025

11,644,910

PROVISIONS

At 1 April 2024

6,194,219

Provision for period

1,800,000

At 31 May 2025

7,994,219

NET BOOK VALUE

At 31 May 2025

3,650,691

At 31 March 2024

5,450,691

Cost or valuation at 31 May 2025 is represented by:

Shares in

group

undertakings

£

Cost

11,644,910

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

779,513

762,454

Deferred taxation

476,141

VAT

1,593

1,105

1,257,247

1,239,700

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Directors' current accounts

4

Accrued expenses

1,199

1,950

1,203

1,954

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Amounts owed to group undertakings

2,168,012

3,972,612

9.	PROVISIONS FOR LIABILITIES

Retirement

Benefits

£

Balance at 1 April 2024

2,721,446

Balance at 31 May 2025

2,721,446

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

25,500

Ordinary "A" Shares

10p

2,550

2,650

11.	EMPLOYEE BENEFIT OBLIGATIONS

The amounts recognised in profit or loss are as follows:

2025

2024

£

Current service cost

-

Past service cost

-

Actual return on plan assets

-

Changes in the present value of the defined benefit obligation are as follows:

Defined benefit

pension plans

2025

2024

£

Retirement benefits

2,721,446

Changes in the fair value of scheme assets are as follows:

Defined benefit

pension plans

2025

2024

£

-

The amounts recognised in other comprehensive income are as follows:

2025

2024

£

-

The major categories of scheme assets as a percentage of total scheme assets are as follows:

Defined benefit

pension plans

2025

2024

Unfunded

100%

100.00%

Principal actuarial assumptions at the balance sheet date (expressed as weighted averages):

2025

2024

Unfunded

100%

The company provided pension benefits in respect of a senior employee in the period ending 31st March 2022. These calculated benefits represent the yearly indexed amount as provided for under the terms of the pension contract entered into in the previous year and are charged to the profit and loss account. The number of directors to whom pension benefits are accruing under this pension agreement is 1 (2024: 1).

The contributions and potential liabilities of the company in respect of the pension agreement are fixed at least until the date of retirement of the employee which is over 6 years from the year end date.

Although under section 28 of FRS 102 this pension arrangement is regarded as being a defined benefit scheme, the directors are of the opinion that it does not bear any of the hallmarks of what is usually considered to be a defined benefit scheme and therefore no further disclosures are considered necessary in

order to understand the nature and measurement of the liability.

The directors are also of the opinion that the liability as disclosed in the financial statements represents the full and final amount which could be expected, at this stage, to be paid in the future to settle the pension agreement liabilities.