Registration number: 14971435

Social Credit

Contents

Company Information	1
Director's Report	2
Abridged Balance Sheet	3
Notes to the Unaudited Abridged Financial Statements	4 to 5

Social Credit

Company Information

Director

J A J R Pursaill

Registered office

Aldgate Tower 6th Floor 2 Leman Street London E1 8FA

Social Credit

Director's Report for the Year Ended 31 March 2025

The director presents his report and the abridged financial statements for the year ended 31 March 2025.

Directors of the company

The directors who held office during the year were as follows:

J A J R Pursaill

R A Pasco (ceased 21 July 2024)

Principal activity

The principal activity of the company is activities of financial services holding companies.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 22 December 2025
 

......................................... J A J R Pursaill Director

Social Credit

(Registration number: 14971435)
Abridged Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Non-current assets
Debtors		211,869	138,406
Current assets
Debtors		135,933	240,152
Total assets less current liabilities		347,802	378,558
Creditors: Amounts falling due after more than one year		(552,126)	(380,034)
Net liabilities		(204,324)	(1,476)
Capital and reserves
Profit and loss account		(204,324)	(1,476)
Total equity		(204,324)	(1,476)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet and have elected to take the option not to file the Profit and Loss Account in accordance with Section 444 of the Companies Act 2006

Approved and authorised by the director on 22 December 2025
 

.........................................

J A J R Pursaill

Director

Social Credit

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a company limited by guarantee, incorporated in United Kingdom, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
Aldgate Tower
6th Floor
2 Leman Street
London
E1 8FA
United Kingdom

These financial statements were authorised for issue by the director on 22 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

These financial statements have been prepared on a going concern basis. The directors have prepared cash flow forecasts and have considered all available information about the future for at least twelve months from the date of approval of these financial statements and, on the basis that the Company is expected to generate sufficient cash flows to meet its obligations as they fall due for at least twelve months from the date of approval of these financial statements, they consider it appropriate to adopt the going concern basis of accounting. The directors have received confirmation of continuing financial support from the company’s parent company and lenders and therefore believe that the company will be able to meet its liabilities as they fall due.

Social Credit

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including the director and key management personnel) during the year, was 0 (2024 - 0).

4	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2024 - £Nil).

5

Charges

The non-current liability includes £207,500 (2024: £0) secured by a fixed and floating charge held by FAIR4ALL Finance Limited over the assets of the Company.