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Company Registration No. 8069933 (England and Wales)
New Change Currency Consultants Limited Unaudited accounts for the year ended 31 March 2026
New Change Currency Consultants Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
New Change Currency Consultants Limited Company Information for the year ended 31 March 2026
Directors
Tobias Johnson Andrew Woolmer William Beck Paul Lambert Andrew Dyson
Company Number
8069933 (England and Wales)
Registered Office
2nd Floor 10 Rathbone Place London W1T 1HP UK
Accountants
Barnes & Scott 86-90 Paul Street London EC2A 4NE
- 3 -
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of New Change Currency Consultants Limited for the year ended 31 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of New Change Currency Consultants Limited for the year ended 31 March 2026 as set out on pages 5 - 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of New Change Currency Consultants Limited, as a body, in accordance with the terms of our engagement letter dated 27 September 2017. Our work has been undertaken solely to prepare for your approval the accounts of New Change Currency Consultants Limited and state those matters that we have agreed to state to the Board of Directors of New Change Currency Consultants Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than New Change Currency Consultants Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that New Change Currency Consultants Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of New Change Currency Consultants Limited. You consider that New Change Currency Consultants Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of New Change Currency Consultants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Barnes & Scott Chartered Accountants 86-90 Paul Street London EC2A 4NE 23 June 2026
- 4 -
New Change Currency Consultants Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
5
6,238
9,576
Investments
6
10
48
6,248
9,624
Current assets
Debtors
7
234,043
175,852
Cash at bank and in hand
842,942
274,475
1,076,985
450,327
Creditors: amounts falling due within one year
8
(704,130)
(609,294)
Net current assets/(liabilities)
372,855
(158,967)
Total assets less current liabilities
379,103
(149,343)
Creditors: amounts falling due after more than one year
9
-
(300,000)
Provisions for liabilities
Deferred tax
(1,559)
(2,394)
Net assets/(liabilities)
377,544
(451,737)
Capital and reserves
Called up share capital
10
326
317
Share premium
2,998,357
2,729,566
Capital contribution reserve
1,031,828
656,636
Profit and loss account
(3,652,967)
(3,838,256)
Shareholders' funds
377,544
(451,737)
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2026 and were signed on its behalf by
William Beck Director Company Registration No. 8069933
- 5 -
New Change Currency Consultants Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
New Change Currency Consultants Limited is a private company, limited by shares, registered in England and Wales, registration number 8069933. The registered office is 2nd Floor, 10 Rathbone Place, London, W1T 1HP, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Comparative figures
Where necessary, comparative figures have been amended to align to presentation changes.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation. Amortisation has been provided at the following rates in order to write off the assets over their estimated useful lives: - Development expenditure - Five years straight line - Software - Three years straight line
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Four years straight line
Computer equipment
Three years straight line
- 6 -
New Change Currency Consultants Limited Notes to the Accounts for the year ended 31 March 2026
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Research and development
Expenditure on research is written off in the year in which it is incurred. Development expenditure is written off in the same year unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the Company is expected to benefit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Staff Share Option Scheme
The company has an employee share option scheme in place. The scheme consists of an EMI approved option scheme for those who are eligible, and an 'unapproved' scheme for others. The options vest evenly over a maximum of six years and are settled by equity upon exercise. At the period end there were 11,580 options in issue, with 7,852 having vested. The Company entered a cost of £375,192 through the profit and loss account, being the estimated fair value of the net movement in share options this period. The number and weighted average exercise prices for the options are as follows: (i) outstanding at the beginning of the period - 9,688 share options at a weighted average exercise price of £96.55 each; (ii) granted during the period - 1,612 at weighted average exercise price of £157.52 each; (iii) forfeited during the period - nil; (iv) exercised during the period - nil; (v) expired during the period - nil; (vi) outstanding at the end of the period - 11,580 share options at a weighted average exercise price of £105.03 each; (vii) exercisable at the end of the period - 7,852 share options at a weighted average exercise price of £131.41 each.
Going concern
The directors consider the going concern basis to be appropriate having paid due regard to the Company's projected results during the twelve months from the date the financial statements are approved and anticipated cash flows, availability of financing facilities and mitigating actions that can be taken during the period.
- 7 -
New Change Currency Consultants Limited Notes to the Accounts for the year ended 31 March 2026
4
Intangible fixed assets
Other
£
Cost
At 1 April 2025
57,941
At 31 March 2026
57,941
Amortisation
At 1 April 2025
57,941
At 31 March 2026
57,941
Net book value
At 31 March 2026
-
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2025
10,851
47,543
58,394
Additions
-
790
790
Disposals
-
(704)
(704)
At 31 March 2026
10,851
47,629
58,480
Depreciation
At 1 April 2025
6,595
42,223
48,818
Charge for the year
1,064
3,064
4,128
On disposals
-
(704)
(704)
At 31 March 2026
7,659
44,583
52,242
Net book value
At 31 March 2026
3,192
3,046
6,238
At 31 March 2025
4,256
5,320
9,576
6
Investments
Subsidiary undertakings
Other investments
Total
£
£
£
Valuation at 1 April 2025
1
47
48
Disposals
-
(38)
(38)
Valuation at 31 March 2026
1
9
10
Investments are held at cost on the balance sheet.
7
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
175,940
113,870
Accrued income and prepayments
40,183
39,544
Other debtors
17,920
22,438
234,043
175,852
- 8 -
New Change Currency Consultants Limited Notes to the Accounts for the year ended 31 March 2026
8
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
38,621
6,109
Trade creditors
76,270
47,126
Amounts owed to group undertakings and other participating interests
24,055
31,449
Taxes and social security
(6,282)
(26,160)
Other creditors
8,636
3,965
Accruals
29,795
31,356
Deferred income
533,035
515,449
704,130
609,294
9
Creditors: amounts falling due after more than one year
2026
2025
£
£
Other creditors
-
300,000
10
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
32,560 Ordinary shares of £0.01 each
325.60
317.20
Shares issued during the period:
840 Ordinary shares of £0.01 each
8.40
11
Operating lease commitments
2026
2025
£
£
At 31 March 2026 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
8,960
107,523
Later than one year and not later than five years
57,695
8,960
66,655
116,483
12
Average number of employees
During the year the average number of employees was 19 (2025: 19).
- 9 -