Company registration number 12182717 (England and Wales)
Converge Management Ltd
Unaudited Financial Statements
For the year ended 31 August 2025
Converge Management Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
Converge Management Ltd
Statement of financial position
As at 31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,435
1,008
Current assets
Debtors
4
14,710
212
Cash at bank and in hand
24,753
61,560
39,463
61,772
Creditors: amounts falling due within one year
5
(37,969)
(42,555)
Net current assets
1,494
19,217
Net assets
3,929
20,225
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
3,928
20,224
Total equity
3,929
20,225

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

T he 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 director acknowledges her 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 director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 15 December 2025
Mrs A Critchley
Director
Company registration number 12182717 (England and Wales)
Converge Management Ltd
Notes to the financial statements
For the year ended 31 August 2025
- 2 -
1
Accounting policies
Company information

Converge Management Ltd is a private company limited by shares incorporated in England and Wales. The registered office is C/o DJH Chester City, Military House, 24 Castle Street, Chester, Cheshire, England, CH1 2DS.

1.1
Basis of preparation

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.

The financial statements are presented in sterling, which is the functional currency of the company, rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and equipment
25% on reducing balance
Computers
25% on reducing balance
1.4
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.

1.5
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 statement of financial position 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.

1.6
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.

Converge Management Ltd
Notes to the financial statements (continued)
For the year ended 31 August 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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 balance sheet date.

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.

1.8
Retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

1.9
Leases
As lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
2
Converge Management Ltd
Notes to the financial statements (continued)
For the year ended 31 August 2025
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2024
2,974
Additions
1,767
At 31 August 2025
4,741
Depreciation and impairment
At 1 September 2024
1,966
Depreciation charged in the year
340
At 31 August 2025
2,306
Carrying amount
At 31 August 2025
2,435
At 31 August 2024
1,008
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
14,485
-
0
Other debtors
225
212
14,710
212
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
377
532
Corporation tax
30,818
38,305
Other taxation and social security
-
0
16
Other creditors
6,774
3,702
37,969
42,555
6
Related party transactions

During the year, total dividends of £117,000 (2024 - £130,000) were paid to the director.

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