REGISTERED NUMBER: 05027348 (England and Wales)

Coventry Money Centre Limited

Unaudited Financial Statements

for the Year Ended 31 August 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J A Hart

RS Ghuman

REGISTERED OFFICE:

7B Tournament Court

Edgehill Drive

Warwick

Warwickshire

CV34 6LG

REGISTERED NUMBER:

05027348 (England and Wales)

ACCOUNTANTS:

Moffat Gilbert

Unit 12

Shottery Brook Office Park

Timothy's Bridge Road

Stratford upon Avon

Warwickshire

CV37 9NR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

43

-

43

CURRENT ASSETS

Debtors

6

28,483

28,781

Cash at bank

-

3,064

28,483

31,845

CREDITORS

Amounts falling due within one year

7

287

2,306

NET CURRENT ASSETS

28,196

29,539

TOTAL ASSETS LESS CURRENT LIABILITIES

28,196

29,582

PROVISIONS FOR LIABILITIES

-

8

NET ASSETS

28,196

29,574

CAPITAL AND RESERVES

Called up share capital

8

10,000

10,000

Retained earnings

9

18,196

19,574

SHAREHOLDERS' FUNDS

28,196

29,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2026 and were signed on its behalf by:

RS Ghuman - Director

1.	STATUTORY INFORMATION

Coventry Money Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Turnover

Turnover represents commissions receivable based on policies written during the period with adjustments for identified clawbacks. New business income is recognised when the paperwork has been signed and the investment deposited with the providers. Recurring fee income is recognised upon receipt.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, was initially being amortised evenly over its estimated useful life of five years. This was accelerated in 2017, when the company was sold, to fully amortise the remaining balance held as this goodwill was essentially reflected within the overall company sale price.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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 is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

60,000

AMORTISATION

At 1 September 2024

and 31 August 2025

60,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2024

1,050

Disposals

(1,050

)

At 31 August 2025

-

DEPRECIATION

At 1 September 2024

1,007

Eliminated on disposal

(1,007

)

At 31 August 2025

-

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

43

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Amounts owed by group undertakings

27,706

26,514

Tax

448

-

Prepayments

329

2,267

28,483

28,781

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

-

972

Tax

-

108

Accrued expenses

287

1,226

287

2,306

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

10,000

Ordinary

£1

10,000

10,000

9.

RESERVES

Retained

earnings

£

At 1 September 2024

19,574

Deficit for the year

(1,378

)

At 31 August 2025

18,196

10.	ULTIMATE CONTROLLING PARTY

The directors are regarded as the joint controlling parties of the company.

11.	ULTIMATE PARENT UNDERTAKING

The company is a wholly owned subsidiary of the parent undertaking, Beaufort Wealth Management Limited. The registered office address of the parent is 7B Tournament Court Edgehill Dive Warwick. The share capital of Beaufort Wealth Management Limited is wholly owned by BWM WAR Limited and thus BWM WAR Limited is the ultimate parent undertaking of the company. The registered office of BWM WAR Limited is 7B Tournament Court Edgehill Drive Warwick.