REMULATE PROTECT LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Cohen

REGISTERED OFFICE:

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

REGISTERED NUMBER:

07069969 (England and Wales)

ACCOUNTANTS:

Halsey & Co (Accountants) Ltd.

Chartered Certified Accountants

Registered Auditors

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

FIXED ASSETS

Tangible assets

4

8,121

9,058

Investments

5

186

186

8,307

9,244

CURRENT ASSETS

Debtors

6

938,516

806,037

Cash at bank

91,194

50,861

1,029,710

856,898

CREDITORS

Amounts falling due within one year

7

225,000

132,688

NET CURRENT ASSETS

804,710

724,210

TOTAL ASSETS LESS CURRENT LIABILITIES

813,017

733,454

CREDITORS

Amounts falling due after more than one year

8

(201,577

)

(153,116

)

PROVISIONS FOR LIABILITIES

(125,385

)

(102,768

)

NET ASSETS

486,055

477,570

CAPITAL AND RESERVES

Called up share capital

16,941

16,941

Share premium

297,814

297,814

Retained earnings

171,300

162,815

486,055

477,570

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

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

The director acknowledges his 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 director and authorised for issue on 12th December 2025 and were signed by:

M Cohen - Director

1.	STATUTORY INFORMATION

Remulate Protect 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.

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.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes and net of commission repaid where previously referred policies are cancelled. The following criteria must also be met before revenue is recognised:

- The amount of revenue can be measured reliably

- it is probably that the company will receive the consideration due under the contract

- the stage of completion of the contract at the end of the reporting period can be measured reliably and

- the costs incurred and the costs to complete the contract can be measured reliably.

- the business has been referred to the insurer prior to the year end.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiaries are revalued at the Balance sheet date where the market value is considered by the director to be higher than the cost or carrying value disclosed.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

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.

Operating leases: the company as lessee

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

Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

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.

The assets of the plan are held separately from the Company in independently administered funds.

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.

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.

Contingent liabilities in the form of repayable commissions from income previously received are provided for to the extent that it is likely that such clawbacks will occur.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st April 2024

20,631

18,172

38,803

Additions

1,741

1,854

3,595

At 31st March 2025

22,372

20,026

42,398

DEPRECIATION

At 1st April 2024

15,690

14,055

29,745

Charge for year

1,717

2,815

4,532

At 31st March 2025

17,407

16,870

34,277

NET BOOK VALUE

At 31st March 2025

4,965

3,156

8,121

At 31st March 2024

4,941

4,117

9,058

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st April 2024

and 31st March 2025

186

NET BOOK VALUE

At 31st March 2025

186

At 31st March 2024

186

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

124,317

63,639

Other debtors

483,066

425,365

607,383

489,004

Amounts falling due after more than one year:

Amounts owed by group undertakings

331,133

317,033

Aggregate amounts

938,516

806,037

Deferred tax asset

31.3.25

31.3.24

£

£

Accelerated capital allowances

(1,442

)

(1,721

)

Tax losses carried forward

193,945

198,650

192,503

196,929

The above deferred tax asset is included within "Other debtors", however whilst the directors anticipate that the company will generate sufficient profits to set losses against in the future, it is likely that not all of the sum will reverse in the period following these financial statements. The amount of the tax asset realised will depend on the financial position of the company during this time which is unquantifiable.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

139,973

50,794

Amounts owed to group undertakings

59,757

65,994

Taxation and social security

12,579

9,821

Other creditors

12,691

6,079

225,000

132,688

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

201,577

153,116

9.	CONTINGENT LIABILITIES

The company receives commission from insurers and other similar entities in respect of referrals made during and prior to the year. Where such policies are cancelled by customers, a clawback arises which is netted off against commissions received by the company. In the opinion of the directors, the provision for long term clawbacks arising from business done during the year is prudent and sufficient, as well as specific provisions for known clawbacks arising in the subsequent period.

10.	RELATED PARTY DISCLOSURES

At the year end, the company was owed £381,133 (2024:£317,033) from it's parent company (Remulate Limited). This amount is interest free and repayable on demand.

It was also owed £67,275 (2024: £60,415) by Remulate Wealth Ltd, a subsidiary which is under the control of the company. This amount was interest free and repayable on demand.

It was also owed £6,848 (2024: £3,030) by Remulate Mortgages Ltd, a subsidiary which is under the control of the company. This amount was interest free and repayable on demand.

The entity has claimed exemption from reporting related party transactions for wholly owned subsidiaries.