ACCOUNTS - Final Accounts

An analysis of turnover by class of business is as follows:

Registered number: 01210180

CENTAUR OVERLAND TRAVEL LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

CENTAUR OVERLAND TRAVEL LIMITED

COMPANY INFORMATION

Directors	M H Sims Esq
	P D Sims Esq
	R A Sims Esq


Registered number	01210180


Registered office	Unit 34 & 35, Acorn Industrial Park
	Acorn Road
	Dartford
	Kent
	DA1 4AL


Independent auditors	Barnes Roffe Audit Limited
	Chartered Accountants & Statutory Auditor
	Charles Lake House
	Claire Causeway
	Crossways Business Park
	Dartford
	Kent
	DA2 6QA

CENTAUR OVERLAND TRAVEL LIMITED

CONTENTS

	Page
Strategic report	1
Directors' report	2 - 3
Independent auditors' report	4 - 7
Statement of comprehensive income	8
Balance sheet	9
Statement of changes in equity	10
Notes to the financial statements	11 - 24

CENTAUR OVERLAND TRAVEL LIMITED

STRATEGIC REPORT

FOR THE YEAR ENDED 31 OCTOBER 2025

Introduction

The directors present their strategic report accompanying the financial statements for the year ended 31 October 2025, providing an overview of the company's development, peformance, position and principal risks.

Business model

The company provides vehicles for hire with a driver across corporate, governmental, leisure, sporting and airport markets. The company creates value through a modern, well maintained fleet, trained drivers, efficient routing and dispatch systems, and a service model focused on reliability, safety and customer experience.

Business review

During the year the company invested significantly in a new depot, fleet renewal, upgraded IT infrastructure and the assessment of AI supported operational and customer service tools. These actions support our goals of improving utilisation, lowering emissions, maintaining service standards and managing operating costs.

Principal risks and uncertainties

The main risks faced by the business include:

• Political and economic uncertainty, particularly relating to employment legislation
• Supply chain disruptions and tariff impacts affecting vehicle and parts availability and costs
• Regulatory changes in driver and fleet requirements
• Technology and cyber security risks

Management continues to monitor these risks and implement mitigation measures.

Key performance indicators

The company’s key performance indicators are turnover and profit from ordinary activities before taxation. The directors were satisfied with the company's performance against these objectives in 2025.

During the year, the company successfully met management targets for sales and underlying profit, leading to overall growth.

In addition, the company measures KPI’s delivered by teams and individual staff members and has structured remuneration packages to reward strong performance.

This report was approved by the board and signed on its behalf.

R A Sims Esq

Director

Date: 30 July 2026

Page 1

CENTAUR OVERLAND TRAVEL LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 OCTOBER 2025

The directors present their report and the financial statements for the year ended 31 October 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £1,021,555 (2024 - £1,707,194).

Dividends amounting to £1,000,000 (2024: £1,000,000) were voted during the year.

Directors

The directors who served during the year were:

M H Sims Esq

P D Sims Esq

R A Sims Esq

Staff policy

The company’s employment practices are designed to meet statutory, social, and market expectations within the United Kingdom. We are committed to ensuring that our workplace remains inclusive, equitable, and supportive of all employees.

If an employee becomes disabled while in service, we take all reasonable steps to adjust their role, working environment, or provide suitable retraining to support continued employment. Decisions regarding recruitment, development, and promotion are based solely on individual merit and capability.

Page 2

CENTAUR OVERLAND TRAVEL LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2025

We ensure that disabled individuals receive full and fair consideration throughout the employment lifecycle, and we continue to invest in training and awareness programmes to equip our managers and teams with the tools to foster a diverse and supportive working culture.

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors

The auditors, Barnes Roffe Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

R A Sims Esq

Director

Date: 30 July 2026

Page 3

CENTAUR OVERLAND TRAVEL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CENTAUR OVERLAND TRAVEL LIMITED

Opinion

We have audited the financial statements of Centaur Overland Travel Limited (the 'company') for the year ended 31 October 2025, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the company's affairs as at 31 October 2025 and of its profit 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.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Page 4

CENTAUR OVERLAND TRAVEL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CENTAUR OVERLAND TRAVEL LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Page 5

CENTAUR OVERLAND TRAVEL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CENTAUR OVERLAND TRAVEL LIMITED (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

∙The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

∙We identified the laws and regulations applicable to the company through discussion with directors and other management, and from our commercial knowledge and experience of the sector that the company operates in;

∙We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, Health and Safety regulations, Contractor Health and Safety (CHAS) and both PSV/Private Hire Licencing regulations;

∙We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management, reviewing board minutes, relevant correspondence and certificates held; and

∙Laws and regulations were communicated within the audit team at the planning meeting, and during the audit as any further laws and regulation were identified. The audit team remained alert to instances of non compliance throughout the audit.

We assessed the susceptibility of the company’s financial statements to material misstatement, including
obtaining an understanding of how fraud might occur by:

∙Making enquires of management and the board as to where they consider there was susceptibility to fraud along with their knowledge of actual, suspected and alleged fraud;

∙Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and

∙Our review of financial statements and testing the disclosures against supporting documentation.

To address the risk of fraud through management bias and override of controls we:

∙Performed analytical procedures to identify any unusual or unexpected trends or anomalies;

∙Inspected and tested journal entries to identify unusual or unexpected transactions;

∙Assessed whether judgement and assumptions made in determining significant accounting estimates, including revaluations of tangible fixed assets and the useful economic life of tangible fixed assets, were indicative of management bias; and

∙Investigated the rationale behind significant transactions, or transactions that are unusual or outside the company’s usual course of business.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Page 6

CENTAUR OVERLAND TRAVEL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CENTAUR OVERLAND TRAVEL LIMITED (CONTINUED)

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Ricky Downey (Senior statutory auditor)

for and on behalf of

Barnes Roffe Audit Limited

Chartered Accountants

Statutory Auditor

Charles Lake House

Claire Causeway

Crossways Business Park

Dartford

Kent

DA2 6QA

Date: 30 July 2026

Page 7

CENTAUR OVERLAND TRAVEL LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 OCTOBER 2025

	2025	2024
Note	£	£

Turnover	4	11,488,605	10,899,295
Cost of sales		(7,424,772)	(7,001,363)
Gross profit		4,063,833	3,897,932
Administrative expenses		(2,768,388)	(1,839,823)
Other operating income		93,533	90,370
Operating profit		1,388,978	2,148,479
Interest receivable and similar income	8	92,540	134,036
Interest payable and similar expenses	9	(58,807)	(55,747)
Profit before tax		1,422,711	2,226,768
Tax on profit	10	(401,156)	(519,574)
Profit for the financial year		1,021,555	1,707,194

There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of comprehensive income.

There was no other comprehensive income for 2025 (2024:£NIL).

The notes on pages 11 to 24 form part of these financial statements.

Page 8

CENTAUR OVERLAND TRAVEL LIMITED

REGISTERED NUMBER: 01210180

BALANCE SHEET

AS AT 31 OCTOBER 2025

	2025	2025	2024	2024
Note	£	£	£	£

Fixed assets
Tangible fixed assets	12		4,680,010		4,216,059
Current assets
Stocks	13	45,956		45,956
Debtors: amounts falling due within one year	14	2,949,383		1,990,404
Cash at bank and in hand	15	2,521,964		3,014,635
		5,517,303		5,050,995
Creditors: amounts falling due within one year	16	(4,480,320)		(3,688,643)
Net current assets			1,036,983		1,362,352
Total assets less current liabilities			5,716,993		5,578,411
Creditors: amounts falling due after more than one year	17		(499,418)		(656,425)
Provisions for liabilities
Deferred tax	19		(1,117,273)		(929,239)
Other provisions	20		(381,900)		(295,900)
Net assets			3,718,402		3,696,847

Capital and reserves
Called up share capital	21	2,004	2,004
Profit and loss account		3,716,398	3,694,843
		3,718,402	3,696,847

The financial statements were approved and authorised for issue by the board and were signed on its behalf

P D Sims Esq	R A Sims Esq
Director	Director

Date: 30 July 2026

Page 9

CENTAUR OVERLAND TRAVEL LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 OCTOBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 November 2023	2,004	2,987,649	2,989,653

Profit for the year	-	1,707,194	1,707,194
Dividends: Equity capital	-	(1,000,000)	(1,000,000)

At 1 November 2024	2,004	3,694,843	3,696,847

Profit for the year	-	1,021,555	1,021,555
Dividends: Equity capital	-	(1,000,000)	(1,000,000)
At 31 October 2025	2,004	3,716,398	3,718,402

The notes on pages 11 to 24 form part of these financial statements.

Page 10

CENTAUR OVERLAND TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1.	General information

Centaur Overland Travel Limited is a private company limited by shares and incorporated in England and Wales. The registered office of the company is Unit 34 & 35 Acorn Industrial Park, Acorn Road, Dartford, Kent, DA1 4AL.The principal activity of the company is that of minibus and coach private hire and transport operators.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Centaur Group Limited as at 31 October 2025 and these financial statements may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

Page 11

CENTAUR OVERLAND TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 12

CENTAUR OVERLAND TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.5

Operating leases: the company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.6

Government grants

Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.9

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 13

CENTAUR OVERLAND TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:

Short-term leasehold property	-	Straight line over 15 years
Plant and machinery	-	25% Straight line
Motor vehicles	-	12.5% Straight line
Office equipment	-	25% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 14

CENTAUR OVERLAND TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Costs includes all direct costs.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.16

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are made, they are charged to the provision carried in the Balance sheet.

2.17

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.18

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 15

CENTAUR OVERLAND TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements in accordance with UK GAAP requires management to make estimates & judgements which affect the reported value of assets and liabilities at the balance sheet date.

1) The group has made key assumptions regarding the useful economic life of tangible fixed assets and this is further described in note 2.11.

2) Trade debtors are recorded at their estimated recoverable amount and are reported net of bad debt provisions. A full line by line review is carried out based on subsequent receipt of debt post period end, as well as historical experience of the client. Whilst every attempt is made to ensure that the bad debt provision is as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Contract	9,159,168	8,726,326
Private hire	1,731,171	1,603,219
Commuter travel	598,264	565,322
Miscellaneous	2	4,428
	11,488,605	10,899,295

Analysis of turnover by country of destination:

					2025	2024
					£	£

United Kingdom	11,488,605	10,899,295
Other operating income	11,488,605	10,899,295

5.	Auditors' remuneration
		2025	2024
		£	£

Fees payable to the company's auditors for the audit of the company's financial statements

15,950

11,390

The company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent company.

Page 16

CENTAUR OVERLAND TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Wages and salaries	4,857,458	4,493,206
Social security costs	380,908	271,220
Cost of defined contribution pension scheme	181,743	191,503
	5,420,109	4,955,929

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Drivers	207	201
Directors	3	3
Office Staff	13	11
Passenger Assistants	168	159
Workshop Staff	5	6

	396	380

7.	Directors' remuneration
		2025	2024
		£	£

Directors' emoluments and benefits in kind	34,466	40,352
Company contributions to defined contribution pension schemes	120,000	136,000
	154,466	176,352

8.	Interest receivable
		2025	2024
		£	£

	Bank interest receivable	92,540	134,036
		92,540	134,036

Page 17

CENTAUR OVERLAND TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

9.	Interest payable and similar expenses
		2025	2024
		£	£

Other loan interest payable	3,376	3,614
Finance leases and hire purchase contracts	51,397	52,133
Other interest payable	4,034	-
	58,807	55,747

Corporation tax
Current tax on profits for the year	209,301	531,327
Adjustments in respect of previous periods	3,821	(10,958)
	213,122	520,369

	Deferred tax
	Deferred tax adjustments	188,034	(795)


		401,156	519,574

Page 18

CENTAUR OVERLAND TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

10.Taxation (continued)

Profit on ordinary activities before tax

1,422,711

2,226,768

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	355,678	556,692
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	5,903	2,483
Capital allowances for year in excess of depreciation	(129,180)	(446)
Profit on disposal of fixed assets	(10,351)	(11,510)
Deferred tax adjustment	188,034	(795)
Adjustments to tax charge in respect of prior periods	3,821	(10,958)
Group relief	(12,749)	(15,892)
Total tax charge for the year	401,156	519,574

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

11.	Dividends
		2025	2024
		£	£

	Dividends voted	1,000,000	1,000,000
		1,000,000	1,000,000

Page 19

CENTAUR OVERLAND TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

12.	Tangible fixed assets

	Short-term leasehold property	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 November 2024	201,858	125,836	8,726,472	179,510	9,233,676
Additions	-	-	1,527,697	57,814	1,585,511
Disposals	-	-	(349,413)	-	(349,413)
At 31 October 2025	201,858	125,836	9,904,756	237,324	10,469,774
Depreciation
At 1 November 2024	15,330	72,318	4,817,747	112,222	5,017,617
Charge for the year on owned assets	13,220	23,862	321,907	30,162	389,151
Charge for the year on financed assets	-	-	685,242	-	685,242
Disposals	-	-	(302,246)	-	(302,246)
At 31 October 2025	28,550	96,180	5,522,650	142,384	5,789,764
Net book value
At 31 October 2025	173,308	29,656	4,382,106	94,940	4,680,010
At 31 October 2024	186,528	53,518	3,908,725	67,288	4,216,059

Page 20

CENTAUR OVERLAND TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

12.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
	2025	2024
	£	£


Motor vehicles	1,516,134	1,560,190
	1,516,134	1,560,190

13.	Stocks
		2025	2024
		£	£

Raw materials and consumables	45,956	45,956
	45,956	45,956

14.

Debtors

					2025	2024
					£	£


Trade debtors	1,081,674	1,515,505
Amounts owed by group undertakings	1,278,798	-
Other debtors	95,005	41,450
Prepayments and accrued income	493,906	433,449
	2,949,383	1,990,404

15.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	2,521,964	3,014,635
	2,521,964	3,014,635

Page 21

CENTAUR OVERLAND TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

16.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Payments received on account	20,632	24,448
Trade creditors	599,520	574,844
Amounts owed to group undertakings	1,930,913	1,351,485
Corporation tax	-	527,731
Other taxation and social security	111,320	98,478
Obligations under finance lease and hire purchase contracts	374,824	435,094
Other creditors	398,544	464,448
Accruals and deferred income	1,044,567	212,115
	4,480,320	3,688,643

17.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Net obligations under finance leases and hire purchase contracts	499,418	656,425
	499,418	656,425

Net obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.

Within one year	374,824	435,094
Between 1-2 years	248,660	329,141
Between 2-5 years	250,758	327,284
	874,242	1,091,519

Page 22

CENTAUR OVERLAND TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

19.	Deferred taxation

	2025	2024
	£	£

At beginning of year	(929,239)	(930,034)
Charged to profit or loss	(188,034)	795
At end of year	(1,117,273)	(929,239)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

	Accelerated capital allowances	1,117,273	929,239
		1,117,273	929,239

20.	Provisions

		Dilapidation provision
		£

	At 1 November 2024	295,900
	Charged to profit or loss	86,000
	At 31 October 2025	381,900

21.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) Ordinary "A" share of £1.00	1	1
1 (2024 - 1) Ordinary "B" share of £1.00	1	1
1 (2024 - 1) Ordinary "C" share of £1.00	1	1
1 (2024 - 1) Ordinary "D" share of £1.00	1	1
1,500 (2024 - 1,500) Ordinary "F" shares of £1.00 each	1,500	1,500
500 (2024 - 500) Ordinary "G" shares of £1.00 each	500	500

	2,004	2,004

Page 23

CENTAUR OVERLAND TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

22.	Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in independently administered funds.

Included in other creditors is an unpaid pension contribution of £11,058 (2024: £11,177) at the year end.

23.	Commitments under operating leases
	At 31 October 2025 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

					2025	2024
					£	£

Not later than 1 year	507,589	-
Later than 1 year and not later than 5 years	1,776,561	-
	2,284,150	-

24.	Related party transactions
	Included in other creditors due within one year are amounts due to the directors of £27,624 (2024 - £97,754). The company has taken advantage of the exemption under FRS102 Section 33 to not disclose any transactions with companies in the group headed by Centaur Group Limited where the subsidiary which is party to the transaction is wholly owned.

25.	Ultimate parent undertaking and Controlling party

The ultimate parent company is Centaur Group Limited, incorporated in England and Wales.

Consolidated financial statements for Centaur Group Limited are available to the public from Companies House, Crown Way, Cardiff CF4 3UZ.

There is no single ultimate controlling party.

Page 24