Conatus Financing Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07812796 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

Conatus Financing Solutions Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,472

2,216

CURRENT ASSETS

Debtors

5

6,394

12,028

Cash at bank

5,313

9,811

11,707

21,839

CREDITORS

Amounts falling due within one year

6

12,917

22,045

NET CURRENT LIABILITIES

(1,210

)

(206

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

262

2,010

CREDITORS

Amounts falling due after more than one
year

7

(23,149

)

(28,705

)

PROVISIONS FOR LIABILITIES

10

(279

)

(421

)

NET LIABILITIES

(23,166

)

(27,116

)

CAPITAL AND RESERVES

Called up share capital

11

20

Retained earnings

(23,186

)

(27,136

)

SHAREHOLDERS' FUNDS

(23,166

)

(27,116

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 19 December 2025 and were signed on its behalf by:

Mr K J Ward - Director

1.	STATUTORY INFORMATION

Conatus Financing Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07812796

Registered office:

Unit F

Bristol Court, Betts Avenue

Martlesham Heath Business Park

Ipswich

Suffolk

IP5 3RY

The presentation currency of the financial statements is the 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.

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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment 25% - 33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investments in associates

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Hire purchase and leasing commitments

Rentals payable under operating leases, including any lease incentives received, are charged to profit and loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Going concern

These accounts have been prepared on a going concern basis. Although the balance sheet shows a net deficit of funds the directors are confident that the company has the necessary resources to continue trading as a going concern.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

17,251

Additions

687

At 31 March 2025

17,938

DEPRECIATION

At 1 April 2024

15,035

Charge for year

1,431

At 31 March 2025

16,466

NET BOOK VALUE

At 31 March 2025

1,472

At 31 March 2024

2,216

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

2,554

8,499

Other debtors

3,840

3,529

6,394

12,028

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts (see note 8)

5,556

Trade creditors

-

10,797

Amounts owed to associates

2,886

-

Taxation and social security

3,240

4,034

Other creditors

1,235

1,658

12,917

22,045

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans (see note 8)

23,149

28,705

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

926

6,482

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year or on demand:

Bank loans

5,556

Amounts falling due between one and two years:

Bank loans - 1-2 years

5,556

Amounts falling due between two and five years:

Bank loans - 2-5 years

16,667

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

926

6,482

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

3,322

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

Accelerated capital allowances

279

421

Deferred

tax

£

Balance at 1 April 2024

421

Credit to Income Statement during year

(142

)

Balance at 31 March 2025

279

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

20

Ordinary

£1

20

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

Mr K J Ward

Balance outstanding at start of year

839

(3,838

)

Amounts advanced

1,930

7,273

Amounts repaid

(3,005

)

(2,596

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(236

)

839

The loan is repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be Conatus Holdings Ltd, a company registered in England & Wales (Company No 13014609)