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Registration number: 11520755

Subbie Tax Limited
Unaudited Filleted Financial Statements
for the Year Ended 28 February 2025

Subbie Tax Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 5

Subbie Tax Limited

(Registration number: 11520755)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 35,000 | 35,000
Current assets |  |  |
Debtors | 5 | 251 | 1,737
Cash at bank and in hand |  | 39 | 1,009
|  | 290 | 2,746
Creditors: Amounts falling due within one year | 6 | (26,033) | (33,976)
Net current liabilities |  | (25,743) | (31,230)
Net assets |  | 9,257 | 3,770
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Revaluation reserve |  | 16,706 | 16,706
Retained earnings |  | (7,549) | (13,036)
Shareholders' funds |  | 9,257 | 3,770

For the financial year ending 28 February 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 November 2025 and signed on its behalf by:

......................................... Miss K Cheadle Director

Subbie Tax Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Suite G18
Genesis Centre
Innovation Way
Stoke on Trent
ST6 4BF

These financial statements were authorised for issue by the Board on 4 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Subbie Tax Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Computer software | 10% straight line

Financial instruments

Recognition and measurement
A financial asset or financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis or similar credit risk characteristics.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Subbie Tax Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4 | Intangible assets

| Internally generated software development costs £ | Total £
Cost or valuation
At 1 March 2024 | 35,000 | 35,000
At 28 February 2025 | 35,000 | 35,000
Amortisation
Carrying amount
At 28 February 2025 | 35,000 | 35,000
At 29 February 2024 | 35,000 | 35,000

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 199 | 199
Other debtors | 52 | 1,538
| 251 | 1,737

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 7 | 24,746 | 32,952
Taxation and social security |  | 1,287 | -
Other creditors |  | - | 1,024
|  | 26,033 | 33,976

Subbie Tax Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7 | Related party transactions

Amounts due to fellow subsidiaries totalled £24,746 (2024 £32,952), all transactions undertaken with related parties were under normal market conditions and/or not material.

8 | Parent and ultimate parent undertaking

F & C Holdings Limited is the company's ultimate parent undertaking. The parent undertaking's registered office is c/o FHS, Suite G18, Genesis Centre, Innovation Way, Stoke on Trent, ST6 4BF.
The company's immediate parent is F & C Holdings Limited, incorporated in England & Wales.