Company registration number 05407413 (England and Wales)
FUTURE 45 LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
FUTURE 45 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
FUTURE 45 LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
28,718
29,060
Current assets
Debtors
6
168,347
258,686
Cash at bank and in hand
597,434
369,211
765,781
627,897
Creditors: amounts falling due within one year
7
(307,332)
(116,503)
Net current assets
458,449
511,394
Total assets less current liabilities
487,167
540,454
Provisions for liabilities
(7,264)
(7,264)
Net assets
479,903
533,190
Capital and reserves
Called up share capital
191,500
191,500
Profit and loss reserves
288,403
341,690
Total equity
479,903
533,190

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 17 July 2026 and are signed on its behalf by:
Ms S Uys
Director
Company registration number 05407413 (England and Wales)
FUTURE 45 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Future 45 Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor Emperor's Gate, 114a Cromwell Road, London, SW7 4AG.

1.1
Basis of preparation

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 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 financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover represents commissions received from the sale of insurance policies and warranty products. Commissions are recognised at the inception of the policy, as the insurance is arranged and placed, and are adjusted for commissions refundable in the event of policy cancellation.

1.3
Intangible fixed assets other than goodwill

Finite-life intangible assets comprise of website and development costs, initially measured at cost and subsequently measured at cost or valuation, net of amortisation and any impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer Software
33% on a straight line basis
1.4
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 recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer Equipment
33% on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

FUTURE 45 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

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 and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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.

FUTURE 45 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
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.

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.

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.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

FUTURE 45 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2025
2024
Number
Number
Total
1
1
FUTURE 45 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
4
Intangible fixed assets
Computer Software
£
Cost
At 1 January 2025
245,128
Additions - internally developed
21,575
At 31 December 2025
266,703
Amortisation and impairment
At 1 January 2025
216,068
Amortisation charged for the year
21,917
At 31 December 2025
237,985
Carrying amount
At 31 December 2025
28,718
At 31 December 2024
29,060
5
Tangible fixed assets
Computer Equipment
£
Cost
At 1 January 2025 and 31 December 2025
23,701
Depreciation and impairment
At 1 January 2025 and 31 December 2025
23,701
Carrying amount
At 31 December 2025
-
0
At 31 December 2024
-
0
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
155,253
121,324
Other debtors
5,442
129,247
Prepayments and accrued income
7,652
8,115
168,347
258,686
FUTURE 45 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
123,862
62,114
Amounts owed to group undertakings
49,467
-
0
Taxation and social security
19,968
(6,940)
Other creditors
114,035
61,329
307,332
116,503
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
William Meakin
Statutory Auditor:
Bright Grahame Murray
Date of audit report:
17 July 2026
9
Events after the reporting date

Post year end, the trade and assets of the company were sold to a fellow subsidiary.

10
Parent company

The immediate parent undertaking is Autoprotect Group Limited. Autoprotect Group Limited is the smallest and largest point at which consolidated financial statements are prepared, which can be obtained from Companies House.

The company's ultimate controlling party is Correlation Trust, registered in Guernsey.

2025-12-31 2025-01-01 false false false 17 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr G Nieman Mr D Chard Ms S Uys 05407413 2025-01-01 2025-12-31 05407413 2025-12-31 05407413 2024-12-31 05407413 core:ComputerSoftware 2025-12-31 05407413 core:ComputerSoftware 2024-12-31 05407413 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 05407413 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 05407413 core:CurrentFinancialInstruments 2025-12-31 05407413 core:CurrentFinancialInstruments 2024-12-31 05407413 core:ShareCapital 2025-12-31 05407413 core:ShareCapital 2024-12-31 05407413 core:RetainedEarningsAccumulatedLosses 2025-12-31 05407413 core:RetainedEarningsAccumulatedLosses 2024-12-31 05407413 bus:Director3 2025-01-01 2025-12-31 05407413 core:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 05407413 core:ComputerSoftware 2025-01-01 2025-12-31 05407413 core:ComputerEquipment 2025-01-01 2025-12-31 05407413 2024-01-01 2024-12-31 05407413 core:ComputerSoftware 2024-12-31 05407413 core:ComputerSoftware core:InternallyGeneratedIntangibleAssets 2025-01-01 2025-12-31 05407413 core:ComputerEquipment 2024-12-31 05407413 core:ComputerEquipment 2025-12-31 05407413 core:ComputerEquipment 2024-12-31 05407413 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 05407413 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 05407413 bus:FRS102 2025-01-01 2025-12-31 05407413 bus:Audited 2025-01-01 2025-12-31 05407413 bus:Director1 2025-01-01 2025-12-31 05407413 bus:Director2 2025-01-01 2025-12-31 05407413 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP