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COMPANY REGISTRATION NUMBER: 08724450

Cambria Financial Ltd

Filleted Unaudited Financial Statements

30 October 2025

Cambria Financial Ltd

Financial Statements

Year ended 30 October 2025

CONTENTS | PAGE

Officers and professional advisers | 1

Statement of financial position | 2

Notes to the financial statements | 4

Cambria Financial Ltd

Officers and Professional Advisers

The board of directors | Mr A D Morgan
| Mr G R C Waite

Company secretary | Mrs N J Morgan

Registered office | 4 Tawe Business Village
| Phoenix Way, Enterprise Park
| Swansea
| Wales
| SA7 9LA

Accountants | James & Uzzell Ltd
| Chartered Certified Accountants
| Axis 15, Axis Court
| Mallard Way
| Riverside Business Park
| Swansea
| SA7 0AJ

Cambria Financial Ltd

Statement of Financial Position

30 October 2025

| 2025 | 2024
Note | £ | £

FIXED ASSETS

Intangible assets | 5 | 1,780,587 | 816,750
Tangible assets | 6 | 479 | 639
Investments | 7 | 205,700 | 1,273,950
| ------------ | ------------
| 1,986,766 | 2,091,339

CURRENT ASSETS

Debtors | 8 | 83,456 | 83,456
Cash at bank and in hand | 2,552 | 4,021
| -------- | --------
| 86,008 | 87,477

CREDITORS: amounts falling due within one year | 9 | 569,802 | 914,559
| --------- | ---------
NET CURRENT LIABILITIES | 483,794 | 827,082
| ------------ | ------------
TOTAL ASSETS LESS CURRENT LIABILITIES | 1,502,972 | 1,264,257

CREDITORS: amounts falling due after more than one year | 10 | 471,167 | 64,890

PROVISIONS

Taxation including deferred tax | 317,000 | 319,563
| ------------ | ------------
NET ASSETS | 714,805 | 879,804
| ------------ | ------------

CAPITAL AND RESERVES

Called up share capital | 11 | 102 | 102
Revaluation reserve | 864,337 | 958,928
Profit and loss account | ( 149,634) | ( 79,226)
| --------- | ---------
SHAREHOLDERS FUNDS | 714,805 | 879,804
| --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Cambria Financial Ltd

Statement of Financial Position (continued)

30 October 2025
These financial statements were approved by the board of directors and authorised for issue on 6 May 2026 , and are signed on behalf of the board by:
Mr G R C Waite
G R C Waite
Director
Company registration number: 08724450

Cambria Financial Ltd

Notes to the Financial Statements

Year ended 30 October 2025
1. GENERAL INFORMATION
Cambria Financial Ltd is a private company limited by shares incorporated in England & Wales, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The nature of the company's operations and principal activities are administration of financial markets.
2. STATEMENT OF COMPLIANCE
The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102)', Section 1A for Small Entities and the Companies Act 2006.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. The reporting period of these financial statements and its comparative period is 12 months. These financial statements only include the results of the individual entity made up to 30 October 2025. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Going concern
The directors have considered the future trading position of the company and are confident that the going concern principle can be applied to the financial statements. The business has obtained support from related parties.
Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Operating leases
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable net of trade discounts. The policies adopted for the recognition of turnover are as follows:
(i) Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from management charges received is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the receiving of the management charge from the related party.
Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.
(ii) Interest and dividend income
Interest income is recognised using the effective interest method and dividend income is recognised as the company’s right to receive payment is established.
Judgements and key sources of estimation uncertainty
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of asset and liabilities within the next financial year are addressed below. (i) Useful economic lives of tangible assets The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. (ii) Impairment of debtors The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. (iii)Goodwill and intangible fixed assets Accounting standards require the recognition of intangible assets as part of a business combination. The methods used to value such intangible assets require the use of estimates. Future results are impacted by the amortization periods adopted and changes to the estimated useful lives would result in different effects on the profit and loss account and balance sheet. Goodwill is amortized and tested at least annually for impairment along with finite lives of intangible assets and other assets. Tests for impairment are based on subjective assumptions. (iv)Provisions Estimates are used in determining the value of provisions when recognised. This will be based on historical information, known expectations and reasonable outcomes (v)Going concern The assessment of going concern may include the use of critical judgements in respect of impact of various external factors such as political, economic and social issues. Material uncertainties are considered in this regard
Consolidation
The parent company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by s398 of the Companies Act 2006 not to prepare group accounts.
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.
Goodwill
Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 20 years. Provision is made for any impairment.
Intangible assets
Intangible assets acquired separately from a business are capitalised at cost. Intangible assets acquired on business combinations are capitalised separately from goodwill if the fair value can be measured reliably on initial recognition. Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated. Intangible assets are amortised on a straight line basis over their useful lives
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | 20 years
| Computer Software | - | 20% per annum of cost

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
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. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Computer Equipment | - | 33% per annum of cost
| Fixtures & Fittings | - | 15% reducing balance

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
The methods and significant assumptions used to ascertain the fair value of the carrying amount in the balance sheet and the fair value movement included in the profit/loss for the year are as follows:
A reasonable percentage has been applied to the level of fees within the subsidiary company
Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).
5. INTANGIBLE ASSETS

| Goodwill | Computer Software | Total
| £ | £ | £
Cost |  |  |
At 31 October 2024 | 882,750 | 1,673 | 884,423
Additions | – | – | –
Acquisitions through business combinations | 1,068,250 | – | 1,068,250
| ------------ | ------ | ------------
At 30 October 2025 | 1,951,000 | 1,673 | 1,952,673
| ------------ | ------ | ------------
Amortisation |  |  |
At 31 October 2024 | 66,000 | 1,673 | 67,673
Charge for the year | 104,413 | – | 104,413
| ------------ | ------ | ------------
At 30 October 2025 | 170,413 | 1,673 | 172,086
| ------------ | ------ | ------------
Carrying amount |  |  |
At 30 October 2025 | 1,780,587 | – | 1,780,587
| ------------ | ------ | ------------
At 30 October 2024 | 816,750 | – | 816,750
| ------------ | ------ | ------------

6. TANGIBLE ASSETS

| Plant and machinery | Fixtures and fittings | Total
| £ | £ | £
Cost |  |  |
At 31 October 2024 and 30 October 2025 | 4,913 | 1,682 | 6,595
| ------ | ------ | ------
Depreciation |  |  |
At 31 October 2024 | 4,838 | 1,118 | 5,956
Charge for the year | 75 | 85 | 160
| ------ | ------ | ------
At 30 October 2025 | 4,913 | 1,203 | 6,116
| ------ | ------ | ------
Carrying amount |  |  |
At 30 October 2025 | – | 479 | 479
| ------ | ------ | ------
At 30 October 2024 | 75 | 564 | 639
| ------ | ------ | ------

7. INVESTMENTS

| Shares in group undertakings
| £
Cost |
At 31 October 2024 | 1,273,950
Disposals | ( 1,068,250)
| ------------
At 30 October 2025 | 205,700
| ------------
Impairment |
At 31 October 2024 and 30 October 2025 | –
| ------------

Carrying amount |
At 30 October 2025 | 205,700
| ------------
At 30 October 2024 | 1,273,950
| ------------

The historic cost equivalent of investments included at valuation are as follows:

|  | 2025 | 2024
|  | £ | £
| Cost | 205,700 | 205,700
|  | --------- | ---------

8. DEBTORS

| 2025 | 2024
| £ | £
Other debtors | 83,456 | 83,456
| -------- | --------

9. CREDITORS: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 94,102 | 113,022
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 458,996 | 700,213
Other creditors | 16,704 | 101,324
| --------- | ---------
| 569,802 | 914,559
| --------- | ---------

Bank loans totalling £94,102 due within one year (2024: £113,022) are secured by a fixed and floating charge over the company assets.
10. CREDITORS: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 471,167 | 64,890
| --------- | --------

Bank loans totalling £942,333 due outside one year (2024: £64,890) are secured by a fixed and floating charge over the company assets.
11. CALLED UP SHARE CAPITAL
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary A shares of £ 1 each | 50 | 50 | 50 | 50
Ordinary B shares of £ 1 each | 1 | 1 | 1 | 1
Ordinary C shares of £ 1 each | 1 | 1 | 1 | 1
Ordinary D shares of £ 1 each | 50 | 50 | 50 | 50
| ---- | ---- | ---- | ----
| 102 | 102 | 102 | 102
| ---- | ---- | ---- | ----

12. OTHER FINANCIAL COMMITMENTS
The total amount of financial commitments not reflected on the balance sheet at the year end amounted to £Nil (2024: £5,346).
13. RELATED PARTY TRANSACTIONS
The related party transactions during the year are outlined below: Key Management Personnel The balance due to key management personnel at the year end amounted to £7,070 (2024: £37,070). The directors have a personal guarantee against the company bank loans. Other Related Parties

|  | 2025 | 2024
|  | £ | £
| Balance due (to) other related parties | (4,990) |
| Balance due from other related parties | 83,456 | 83,456

Exemption under Section 33.1A has been claimed to not disclose transactions for 100% group companies. No interest has been charged on these balances