REGISTERED NUMBER: 06586857 (England and Wales)

Financial Statements

for the Year Ended 31st March 2025

for

A PLACE IN THE SUN CURRENCY LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

T P Arnold

R G Haynes

A Bridge

J Moss

REGISTERED OFFICE:

Unit 1 Hollybush House

5a New Road

Croxley Green

Rickmansworth

Hertfordshire

WD3 3EJ

REGISTERED NUMBER:

06586857 (England and Wales)

SENIOR STATUTORY AUDITOR:

Patrick duCassé

AUDITORS:

TC Group

Statutory Auditor

3rd Floor, Suffolk House

George Street

Croydon

CR0 0YN

FIXED ASSETS

Property, plant and equipment

4

24,630

26,195

Investments

5

135,578

135,578

160,208

161,773

CURRENT ASSETS

Debtors

6

232,214

214,760

Cash at bank

7

663,609

620,002

895,823

834,762

CREDITORS

Amounts falling due within one year

8

407,416

308,772

NET CURRENT ASSETS

488,407

525,990

TOTAL ASSETS LESS CURRENT LIABILITIES

648,615

687,763

PROVISIONS FOR LIABILITIES

6,158

6,549

NET ASSETS

642,457

681,214

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

642,357

681,114

SHAREHOLDERS' FUNDS

642,457

681,214

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th December 2025 and were signed on its behalf by:

R G Haynes - Director

1.	STATUTORY INFORMATION

A Place in the Sun Currency 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about A Place in the Sun Currency Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the gross margin arising on currency transactions.

Turnover is recognised in the period in which the services are provided when all of the following conditions can be satisfied:

-

the amount of turnover can be measured reliably;

-

it is probable that the company will receive the consideration due;

-

and the stage of completion of the service at the end of the reporting period can be measured reliably.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:

Fixtures and fittings

- 25% on cost

Gains and losses on disposals are determined by comparing the proceeds with the carrying amounts and are recognised in the Statement of Comprehensive Income.

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

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 accounts receivable and payable and loans to related parties.

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 cost less impairment, the impairment loss is measured at the difference between an asset's carrying amount and the best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the statement of financial position date.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Hire purchase and leasing commitments

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

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

Short term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 21 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1st April 2024

110,066

Additions

12,462

At 31st March 2025

122,528

DEPRECIATION

At 1st April 2024

83,871

Charge for year

14,027

At 31st March 2025

97,898

NET BOOK VALUE

At 31st March 2025

24,630

At 31st March 2024

26,195

5.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

undertakings

associate

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

23,618

111,960

135,578

NET BOOK VALUE

At 31st March 2025

23,618

111,960

135,578

At 31st March 2024

23,618

111,960

135,578

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

101,951

109,825

Amounts owed by group undertakings

-

31,088

Other debtors

-

2,365

Prepayments and accrued income

130,263

71,482

232,214

214,760

7.	CASH AT BANK

31.3.25

31.3.24

£

£

Barclays bank accounts

663,609

620,002

The company pledged £250,000 (2024 - £250,000) of its cash balance as collateral to Barclays Bank Plc as part of its bank facility.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

163,258

92,263

Amounts owed to group undertakings

70,114

34,081

Tax

7,325

2,737

Social security and other taxes

42,468

34,803

Other creditors

87,160

75,655

Accruals and deferred income

37,091

69,233

407,416

308,772

9.	LEASING AGREEMENTS

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

31.3.25

31.3.24

£

£

Within one year

13,500

13,500

Between one and five years

5,625

19,125

19,125

32,625

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

36

Ordinary A

1

36

36

60

Ordinary B

1

60

60

4

Ordinary C

1

4

4

100

100

11.	AUDITOR'S INFORMATION

The audit report provided to the members of A Place in the Sun Currency Limited on the financial statements for the year ended 31st March 2025 was not qualified.

The audit report was signed by Patrick duCassé (Senior Statutory Auditor) for and on behalf of TC Group, Statutory Auditor.

12.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is APITS Limited, which owns 60% of the share capital. The company is registered in England and Wales and its registered office address is Suffolk House, George Street, Croydon. CR0 0YN.

The ultimate controlling parties of the ultimate parent company are P Lavelle and A Palmer, both owning 36.67% of the share capital.

APITS Limited is the parent company of a small group and therefore is exempt from preparing consolidated financial statements.