Company registration number 04348334 (England and Wales)
ALWAYSON GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
ALWAYSON GROUP LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
ALWAYSON GROUP LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
30 June 2025
31 December 2023
Notes
£
£
£
£
Current assets
-
-
Creditors: amounts falling due within one year
4
(166,656)
(166,656)
Net current liabilities
(166,656)
(166,656)
Capital and reserves
Called up share capital
5
1,270,533
1,270,533
Share premium account
2,823,007
2,823,007
Other reserves
130
130
Profit and loss reserves
(4,260,326)
(4,260,326)
Total equity
(166,656)
(166,656)

For the financial period ended 30 June 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

T he member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 March 2026 and are signed on its behalf by:
B Raynes
Director
Company registration number 04348334 (England and Wales)
ALWAYSON GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

AlwaysON Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 London Street, Reading, Berkshire, United Kingdom, RG1 4QW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The company was dormant throughout the current year.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

AlwaysON Group Limited is a wholly owned subsidiary of On Direct Business Services Limited, itself a wholly owned subsidiary of On Direct Group Limited and the results of AlwaysON Group Limited are included in the consolidated financial statements of On Direct Group Limited which are available from 1 London Street, Reading, Berkshire, RG1 4QW.

1.2
Going concern

In accordance with their responsibilities as directors, the directors have considered the appropriateness of the going concern basis for the preparation of these financial statements. The d irectors regard the business to be a going concern.

1.3
Reporting period

The company changed its year end from 31 December to 30 June hence the prior period not being

comparable.

1.4
Profit and loss account

The company has not traded during the period or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.5
Fixed asset investments

Interests in subsidiaries 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.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
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.

ALWAYSON GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
1.7
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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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. A m ounts 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.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ALWAYSON GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons employed by the company during the period was 0 (2023 - 0).

3
Fixed asset investments
2025
2023
£
£
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 January 2024 & 30 June 2025
200,000
Impairment
At 1 January 2024 & 30 June 2025
200,000
Carrying amount
At 30 June 2025
-
At 31 December 2023
-
ALWAYSON GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
- 5 -
4
Creditors: amounts falling due within one year
2025
2023
£
£
Amounts owed to group undertakings
166,656
166,656
5
Called up share capital
2025
2023
£
£
Ordinary share capital
Issued and fully paid
51,543,797 Ordinary shares of 1p each
515,438
515,438
43,754,544 Ordinary A shares of 1p each
437,546
437,546
9,066,502 Ordinary AA shares of 1p each
90,665
90,665
1,966,123,500,000 Ordinary B shares of 0.0000001p each
1,966
1,966
3,566,647,404,512 Ordinary C shares of 0.0000001p each
3,567
3,567
2,447,151,628,490 Ordinary D1 shares of 0.0000001p each
2,447
2,447
2,343,205,432,166 Ordinary D2 shares of 0.0000001p each
2,343
2,343
1,427,149,247,287 Ordinary D3 shares of 0.0000001p each
1,427
1,427
5,415,247,429,499 Ordinary E shares of 0.0000001p each
5,415
5,415
1,018,534,071,896 Ordinary F shares of 0.0000001p each
1,019
1,019
208,700,052,000 Ordinary O1 shares of 0.0001p each
208,700
208,700
1,270,533
1,270,533

All shares are entitled to one vote and dividends and return of capital are payable and distributed amongst the holders of equity shares pari passu as if the equity shares constituted one class, except for the Ordinary F shares which have no rights to vote, dividends or return of capital.

6
Financial commitments, guarantees and contingent liabilities

The company was part of a VAT group registration scheme with its fellow group undertaking AlwaysON Limited during the year ended 31 December 2019. In February 2020, the company deregistered for VAT and subsequently the VAT group disbanded.

7
Ultimate controlling party

The company's immediate parent company is On Direct Business Services Limited, a company incorporated in England & Wales.

The company's ultimate parent company is On Direct Group Limited, a company incorporated in England & Wales.

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