The director of the company has elected not to include a copy of the income statement within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

Credit Compliance Midco Limited is a private company limited by shares incorporated in England and Wales. The registered office is Second Floor, Atlas House, 31 King Street, Leeds, LS1 2HL.

These financial statements are presented for a period shorter than 12 months due to the company being incorporated on 4 December 2024 and having a year end of 31 October 2025.

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 amounts 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.

The financial statements have been prepared on the going concern basis. At 31 October 2025 the company had net liabilities of £117,412, arising primarily due to a loan of £2m which is payable in 2030.true

The company is a non‑trading holding company and is dependent on financial support from its investors and shareholders to meet its liabilities as they fall due. The director has received confirmation that such support will continue for a period of at least twelve months from the date of approval of these financial statements.

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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.

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.

Basic financial assets, which include amounts due from group undertakings, 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.

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.

Basic financial liabilities, including other creditors and loans from fellow group companies 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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 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. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. 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.

In the application of the company’s accounting policies, the director is 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.

The following estimates have had the most significant effect on amounts recognised in the financial statements.

The company has an intercompany debtor balance of £5,567,499.The recoverability of this amount is considered a key estimate. Management reviews the financial position of the counterparty at each reporting date and recognises a provision against the debtor if there are signs the amount may not be fully recoverable.

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

The sole director, Simon Lord, is not employed by the company. He is employed by the ultimate parent company, Arete Investors 20 (Nominees) Limited. His position as director relates solely to his governance responsibilities for this entity and does not constitute an employment relationship with the company.

Details of the company's subsidiaries at 31 October 2025 are as follows:

Included within amounts owed by group undertakings is a loan of £5,567,499 from Credit Compliance Bidco Limited. This loan carries an interest rate of 2% per annum and is repayable on demand.

Included within amounts owed by group undertakings is a loan of £3,537,499 from Credit Compliance Topco Limited. This loan carries an interest rate of 2% per annum and is repayable on demand.

During the year the company entered into a term loan facility with TDC Impact Limited, with an outstanding balance of £2,000,000 at the year end. The loan carries interest at 7.50% per annum over a SONIA‑based compounded reference rate, with interest payable quarterly. The loan is repayable in full on the fifth anniversary of the agreement. The facility is secured under a group debenture and is subject to standard financial covenants.

The director regards Credit Compliance Topco Limited, registered in England and Wales, as the company’s immediate parent company.

The director regards Arete Investors 20 (Nominees) Limited as the company’s ultimate parent company and controlling party.

The smallest and largest group in which the results of the company are consolidated is headed by Credit Compliance Topco Limited. Copies of the consolidated financial statements are available from Companies House, Crown Way, Cardiff.