REGISTERED NUMBER: 06665587 (England and Wales)

MONEY OPTIONS GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R W Everett

J Cowan

J Todd

A Dawson

REGISTERED OFFICE:

4 Finkin Street

Grantham

Lincolnshire

NG31 6QZ

REGISTERED NUMBER:

06665587 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

1,685

2,245

Investments

6

4,060,100

3,970,220

4,061,785

3,972,465

CURRENT ASSETS

Debtors

7

517,680

356,529

CREDITORS

Amounts falling due within one year

8

29,747

30,078

NET CURRENT ASSETS

487,933

326,451

TOTAL ASSETS LESS CURRENT LIABILITIES

4,549,718

4,298,916

CREDITORS

Amounts falling due after more than one year

9

(1,406,512

)

(409,690

)

PROVISIONS FOR LIABILITIES

(15,000

)

(15,000

)

NET ASSETS

3,128,206

3,874,226

CAPITAL AND RESERVES

Called up share capital

10

1,200

1,200

Fair value reserve

4,059,900

3,869,900

Retained earnings

(932,894

)

3,126

SHAREHOLDERS' FUNDS

3,128,206

3,874,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 18 December 2025 and were signed on its behalf by:

R W Everett - Director

1.	STATUTORY INFORMATION

Money Options Group 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.

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 as modified by the revaluation of certain assets.

Changes in accounting policies

During the year, the company changed its accounting policy for investments in subsidiaries from the cost model to the fair value model under FRS 102 Section 9. Management believes this provides more reliable information as it represents a true and fair view of the position. The change has been applied retrospectively, and comparative figures have been restated. The effect of the change is an increase in investments and an increase in reserves of £3,869,900 as at 1 January 2024.

Revenue

Revenue represents the value of commissions for policies which have been put on risk, completed mortgages and net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of three years.

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 etc

-

5% Reducing Balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments

The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the income statement 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 the income statement in the period to which they relate.

Provisions

Where the company has received commission from insurance providers, a provision has been made, based upon historical information, of the likely commission to be clawed back by the provider should any of the policies be cancelled before the end of the agreement term.

Investments in subsidiaries

Investments in subsidiaries are recorded at their fair value. Any movement in the fair value of the investments is shown in the income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

149,900

AMORTISATION

At 1 January 2024

and 31 December 2024

149,900

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

31,334

DEPRECIATION

At 1 January 2024

29,089

Charge for year

560

At 31 December 2024

29,649

NET BOOK VALUE

At 31 December 2024

1,685

At 31 December 2023

2,245

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 January 2024

3,970,220

Revaluations

190,000

Impairments

(100,120

)

At 31 December 2024

4,060,100

NET BOOK VALUE

At 31 December 2024

4,060,100

At 31 December 2023

3,970,220

Cost or valuation at 31 December 2024 is represented by:

Shares in

group

undertakings

£

Valuation in 2024

4,060,100

Investments in subsidiaries have been valued by the directors at fair value based on typical industry valuations. This is a change to historic accounting policy as noted in the accounting policies section.

7.

DEBTORS

2024

2023

as restated

£

£

Amounts falling due within one year:

Trade debtors

2,667

4,207

Other debtors

1,000

1,000

Directors' loan accounts

275,704

153,213

s455 tax debtor

25,854

25,854

Prepayments and accrued income

50,000

100,000

355,225

284,274

Amounts falling due after more than one year:

Amounts owed by group undertakings

128,278

65,792

Other debtors

34,177

6,463

162,455

72,255

Aggregate amounts

517,680

356,529

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Bank loans and overdrafts

13,451

13,141

Trade creditors

3,874

3,830

Taxation and social security

5,857

7,188

Other creditors

6,565

5,919

29,747

30,078

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

as restated

£

£

Bank loans

16,392

20,079

Amounts owed to group undertakings

1,390,120

389,611

1,406,512

409,690

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,666

6,677

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

as restated

£

£

1,200

Ordinary

1

1,200

1,200

11.	OTHER FINANCIAL COMMITMENTS

At the year end the company has commitments due as follows:

2022

2021

£

£

Within one year

6,233

6,492

Between one and five years

-

6,233

6,233

12,725

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

as restated

£

£

R W Everett

Balance outstanding at start of year

153,213

191,730

Amounts advanced

209,977

88,883

Amounts repaid

(87,486

)

(127,400

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

275,704

153,213

The loan made to R W Everett was unsecured and repayable on demand. Interest is being charged on the loan at the official rate of interest.