BrightAccountsProduction v1.0.0 v1.0.0 2024-04-01 The company was not dormant during the period The company was trading for the entire period The principal activity is to provide cashless payment services to businesses. 13 March 2026 0 0 NI661769 2025-03-31 NI661769 2024-03-31 NI661769 2023-03-31 NI661769 2024-04-01 2025-03-31 NI661769 2023-04-01 2024-03-31 NI661769 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI661769 uk-curr:PoundSterling 2024-04-01 2025-03-31 NI661769 uk-bus:AbridgedAccounts 2024-04-01 2025-03-31 NI661769 uk-bus:Director1 2024-04-01 2025-03-31 NI661769 uk-bus:RegisteredOffice 2024-04-01 2025-03-31 NI661769 uk-bus:Agent1 2024-04-01 2025-03-31 NI661769 uk-core:ShareCapital 2025-03-31 NI661769 uk-core:ShareCapital 2024-03-31 NI661769 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI661769 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI661769 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-03-31 NI661769 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI661769 uk-bus:FRS102 2024-04-01 2025-03-31 NI661769 uk-core:PlantMachinery 2024-04-01 2025-03-31 NI661769 uk-bus:Audited 2024-04-01 2025-03-31 NI661769 uk-core:ParentEntities 2024-04-01 2025-03-31 NI661769 2024-04-01 2025-03-31 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: NI661769

RMS Merchant Solutions Ltd

Abridged Financial Statements

for the financial year ended 31 March 2025

RMS Merchant Solutions Ltd

DIRECTOR AND OTHER INFORMATION

Director | Mr T Hughes
Company Registration Number | NI661769
Registered Office | 38 Montgomery Road
| Belfast
| Co Antrim
| BT6 9HL
| Northern Ireland
Independent Auditors | DNTCA Limited
| Chartered Accountants and Statutory Auditor
| Ormeau House
| 91-97 Ormeau Road
| Belfast
| Antrim
| BT7 1SH

RMS Merchant Solutions Ltd

Company Registration Number: NI661769

ABRIDGED STATEMENT OF FINANCIAL POSITION

as at 31 March 2025

|  |  | 2025 |  | 2024
|  | Notes | £ |  | £
Fixed Assets

Tangible assets |  | 8 | 11,934 |  | 16,328
|  |  | ───────── |  | ─────────
Current Assets

Debtors |  |  | 2,794 |  | 15,797
Cash at bank and in hand |  |  | 14,654 |  | 53,137
|  |  | ───────── |  | ─────────
|  |  | 17,448 |  | 68,934
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  |  | (136,403) |  | (39,699)
|  |  | ───────── |  | ─────────
Net Current (Liabilities)/Assets |  |  | (118,955) |  | 29,235
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | (107,021) |  | 45,563
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 150,100 |  | 150,100
Retained earnings |  |  | (257,121) |  | (104,537)
|  |  | ───────── |  | ─────────
Shareholders' (Deficit)/Funds |  |  | (107,021) |  | 45,563
|  |  | ═════════ |  | ═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Income Statement and Director's Report.

Approved by the Director and authorised for issue on 13 March 2026

________________________________ |  |  |  |  |
Mr T Hughes |  |  |  |  |
Director |  |  |  |  |

RMS Merchant Solutions Ltd

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

1. | General Information
| RMS Merchant Solutions Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI661769. The registered office of the company is 38 Montgomery Road, Belfast, Co Antrim, BT6 9HL, Northern Ireland. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the financial year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of services is recognised when the significant risks and rewards of ownership have transferred to the buyer; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Plant and machinery | - | 33% Straight line
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Related parties
| For the purposes of these financial statements a party is considered to be related to the company if:
| ■ | the party has the ability, directly or indirectly, through one or more intermediaries to control the company or exercise significant influence over the company in making financial and operating policy decisions or has joint control over the company;
| ■ | the company and the party are subject to common control;
| ■ | the party is an associate of the company or forms part of a joint venture with the company;
| ■ | the party is a member of key management personnel of the company or the company's parent, or a close family member of such as an individual, or is an entity under the control, joint control or significant influence of such individuals;
| ■ | the party is a close family member of a party referred to above or is an entity under the control or significant influence of such individuals; or
| ■ | the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company.
| Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the company.
| Employee benefits
| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
| Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | Significant accounting judgements and key sources of estimation uncertainty
| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

4. | Going concern
| The financial statements have been prepared on a going concern basis. The company has net liabilities of £118,955 at year-end and is dependent on financial support from its parent company, Tate Group Holdings Limited. The directors have received confirmation that this support will continue for at least 12 months from the date of approval of these financial statements.

5. | Group Company Exemptions Claimed
| The entity satisfied the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Tate Group Holdings Limited which can be obtained from Companies House. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel.

6. | INFORMATION RELATING TO THE AUDITOR'S REPORT
| The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.
| The financial statements were audited by DNTCA Limited.
| The Auditor's Report was signed by DNTCA Limited on 13th March 2026.

7. | Employees
| The average monthly number of employees, including director, during the financial year was 1, (2024 - 1).

8. | Tangible assets
|  | Plant and | Total
|  | machinery |
|  | £ | £
| Cost
| At 1 April 2024 | 18,574 | 18,574
| Additions | 2,309 | 2,309
|  | ───────── | ─────────
| At 31 March 2025 | 20,883 | 20,883
|  | ───────── | ─────────
| Depreciation
| At 1 April 2024 | 2,246 | 2,246
| Charge for the financial year | 6,703 | 6,703
|  | ───────── | ─────────
| At 31 March 2025 | 8,949 | 8,949
|  | ───────── | ─────────
| Net book value
| At 31 March 2025 | 11,934 | 11,934
|  | ═════════ | ═════════
| At 31 March 2024 | 16,328 | 16,328
|  | ═════════ | ═════════

9. | Capital commitments
| The company had no material capital commitments at the financial year-ended 31 March 2025.

10. | Parent company
| The company's immediate and ultimate parent undertaking is Tate Group Holdings Limited. Tate Group Holdings Limited was incorporated in Northern Ireland. Copies of the group accounts may be obtained from the secretary at 38 Montgomery Road, Belfast, BT6 9HL. The ultimate controlling party is Tate Group Holdings Limited who controls 100% of the shares of RMS Merchant Solutions Limited.

11. | Events After the End of the Reporting Period
| There have been no significant events affecting the company since the financial year-end.