| REGISTERED NUMBER: |
| Modulus Management Consultancy Limited |
| Audited Financial Statements |
| for the Year Ended 31 March 2025 |
| REGISTERED NUMBER: |
| Modulus Management Consultancy Limited |
| Audited Financial Statements |
| for the Year Ended 31 March 2025 |
| Modulus Management Consultancy Limited (Registered number: 02181500) |
| Contents of the Financial Statements |
| for the year ended 31 March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Modulus Management Consultancy Limited |
| Company Information |
| for the year ended 31 March 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants and |
| Statutory Auditor |
| 28 Eaton Avenue |
| Matrix Office Park |
| Buckshaw Village |
| Chorley |
| Lancashire |
| PR7 7NA |
| Modulus Management Consultancy Limited (Registered number: 02181500) |
| Balance Sheet |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Share premium |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Modulus Management Consultancy Limited (Registered number: 02181500) |
| Notes to the Financial Statements |
| for the year ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Modulus Management Consultancy Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£) and the amounts in the financial statements have been rounded to the nearest £1. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Financial instruments |
| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest. Preference shares with no fixed redemption date are classified as capital. |
| 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. |
| Modulus Management Consultancy Limited (Registered number: 02181500) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2024 |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Modulus Management Consultancy Limited (Registered number: 02181500) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 7. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax |
| Accelerated capital |
| allowances | 204 | 273 |
| 204 | 273 |
| Deferred tax |
| £ |
| Balance at 1 April 2024 |
| Credit to Income Statement during year | ( |
) |
| Balance at 31 March 2025 |
| Deferred tax has been provided using a tax rate of 25% (2024: 25%). |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Class | No | Nominal | 2025 | No | Nominal | 2024 |
| value | value |
| £ | £ | £ | £ |
| Ordinary | 936 | 1.00 | 936 | 936 | 1.00 | 936 |
| Preference A | 100 | 1.00 | 100 | 100 | 1.00 | 100 |
| Preference B | 10 | 1.00 | 10 | 10 | 1.00 | 10 |
| Preference C | 100 | 1.00 | 100 | 100 | 1.00 | 100 |
| Preference D | 10 | 1.00 | 10 | - | - | - |
| Preference F | - | 1.00 | - | 100 | 1.00 | 100 |
| Preference H | 1,200 | 0.10 | 120 | 800 | 0.10 | 80 |
| 2,356 | 1,276 | 2,046 | 1,326 |
| No Preference shares, of any class, have a fixed redemption date and neither do they have any fixed dividend rate. |
| During the year the company; |
| - issued 500 Preference H shares of £0.10 each totalling £50.00, |
| - issued 10 Preference D shares of £1.00 each totalling £10.00, |
| - bought back 100 Preference F shares of £1.00 totalling £100.00, and |
| - bought back 100 Preference H shares of £0.10 each totalling £10.00. |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 10. | RELATED PARTY DISCLOSURES |
| During the year the company paid a dividend of £289,553 (2024: £243,522) to the parent undertaking, Modulus Development Limited. |
| Modulus Management Consultancy Limited (Registered number: 02181500) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 11. | ULTIMATE CONTROLLING PARTY |
| In the opinion of the directors the ultimate controlling party and parent undertaking is Modulus Development Limited, a company incorporated in England & Wales, who's registered office address is 188 Washway Road, Sale, Cheshire, M33 6RN. |