ACCOUNTT - Final Accounts

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

Registered number: 11052713

CENTAUR GROUP LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

CENTAUR GROUP LIMITED

COMPANY INFORMATION

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


Registered number	11052713


Registered office	Unit 34 & 35 Acorn Industrial Park
	Acorn Road
	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 GROUP LIMITED

CONTENTS

	Page
Group strategic report	1
Directors' report	2 - 3
Independent auditors' report	4 - 7
Consolidated statement of comprehensive income	8
Consolidated balance sheet	9
Company balance sheet	10
Consolidated statement of changes in equity	11
Company statement of changes in equity	12 - 13
Consolidated statement of cash flows	14 - 15
Notes to the financial statements	16 - 34

CENTAUR GROUP LIMITED

GROUP 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 group 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 group 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 GROUP 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 Group strategic report, the Directors' report and the consolidated 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 the group and of the profit or loss of the group for that period.

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

∙select suitable accounting policies for the group'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 group 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 the group 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 the group 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 £962,745 (2024 - £1,632,369).

Dividends voted during the year amounted to £136,000(2024 - £136,000).

Directors

The directors who served during the year were:

M H Sims Esq

P D Sims Esq

R A Sims Esq

Page 2

CENTAUR GROUP LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2025

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.

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 and the group'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 and the group's auditors are aware of that information.

Auditors

After the year end Barnes Roffe LLP resigned as auditors due to the transfer of its audit business and its successor Barnes Roffe Audit Limited was appointed by the directors under s485 Companies Act 2006.

This report was approved by the board on 30 July 2026 and signed on its behalf.

R A Sims Esq

Director

Page 3

CENTAUR GROUP LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CENTAUR GROUP LIMITED

Opinion

We have audited the financial statements of Centaur Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 October 2025, which comprise the Consolidated statement of comprehensive income, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company 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 group's and of the parent company's affairs as at 31 October 2025 and of the group's 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 group 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 group's or the parent 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 GROUP LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CENTAUR GROUP 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

∙the parent company 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Page 5

CENTAUR GROUP LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CENTAUR GROUP 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 Group 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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with law and regulations, was as follows:

• 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 relevant sector;
• The specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, are as follows;

• Companies Act 2006.
• FRS102.
• ISO standards 9001, 14001, 27001 & 45001.
• ISO/IEC 27001.
• Health and Safety legislation.
• Employment legislation.
• Tax legislation.

• We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management, reviewing board minutes and inspecting legal correspondence;
• 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; and

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 as to where they consider there was susceptibility to fraud and 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;
• Reviewing the financial statements and testing the disclosures against supporting documentation;
• Performing analytical procedures to identify any unusual or unexpected trends or anomalies;
• Inspecting and testing journal entries to identify unusual or unexpected transactions;
• Assessing whether judgement and assumptions made in determining significant accounting estimates, were indicative of management bias; and
• Investigating the rationale behind significant transactions, or transactions that are unusual or outside the company’s usual course of business.

Page 6

CENTAUR GROUP LIMITED

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

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.

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 GROUP LIMITED

CONSOLIDATED 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)	(7,229,833)
Gross profit		4,063,833	3,669,462
Administrative expenses		(2,648,138)	(1,663,203)
Other operating income		93,533	90,370
Operating profit	6	1,509,228	2,096,629
Interest receivable and similar income		95,753	134,036
Interest payable and similar expenses	11	(231,004)	(114,794)
Profit before tax		1,373,977	2,115,871
Tax on profit	12	(411,232)	(483,502)
Profit for the financial year		962,745	1,632,369

Other income for the year
Total income for the year		962,745	1,632,369

Profit for the year attributable to:
Owners of the parent company	(962,745)	(1,632,369)
	(962,745)	(1,632,369)

Total comprehensive income attributable to:

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

The notes on pages 16 to 34 form part of these financial statements.

Page 8

CENTAUR GROUP LIMITED

REGISTERED NUMBER: 11052713

CONSOLIDATED BALANCE SHEET

AS AT 31 OCTOBER 2025

	2025	2025	2024	2024
Note	£	£	£	£

Fixed assets
Intangible assets	14		94,662		141,992
Tangible assets	15		9,110,281		4,216,059
			9,204,943		4,358,051
Current assets
Stocks	17	45,956		45,956
Debtors: amounts falling due within one year	18	1,670,585		2,006,103
Cash at bank and in hand	19	2,559,868		3,014,635
		4,276,409		5,066,694
Creditors: amounts falling due within one year	20	(3,116,447)		(2,743,836)
Net current assets			1,159,962		2,322,858
Total assets less current liabilities			10,364,905		6,680,909
Creditors: amounts falling due after more than one year	21		(4,002,362)		(1,419,145)
Provisions for liabilities
Deferred taxation	24	(1,117,273)		(929,239)
Other provisions	25	(381,900)		(295,900)
			(1,499,173)		(1,225,139)
Net assets			4,863,370		4,036,625

Capital and reserves
Called up share capital	26	2,000	2,000
Profit and loss account		4,861,370	4,034,625
		4,863,370	4,036,625

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 July 2026.

P D Sims Esq

Director

The notes on pages 16 to 34 form part of these financial statements.

Page 9

CENTAUR GROUP LIMITED

REGISTERED NUMBER: 11052713

COMPANY BALANCE SHEET

AS AT 31 OCTOBER 2025

	2025	2025	2024	2024
Note	£	£	£	£

Fixed assets
Investments	16		3,064,123		3,064,123
			3,064,123		3,064,123
Current assets
Debtors: amounts falling due within one year	18	1,930,913		1,367,184
		1,930,913		1,367,184
Creditors: amounts falling due within one year	20	(411,741)		(406,778)
Net current assets			1,519,172		960,406
Total assets less current liabilities			4,583,295		4,024,529

Creditors: amounts falling due after more than one year	21		(508,480)		(762,720)

Net assets			4,074,815		3,261,809

Capital and reserves
Called up share capital	26	2,000	2,000
Profit and loss account		4,072,815	3,259,809
		4,074,815	3,261,809

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 July 2026.

P D Sims Esq

Director

The notes on pages 16 to 34 form part of these financial statements.

Page 10

CENTAUR GROUP LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 OCTOBER 2025

	Called up share capital	Profit and loss account	Equity attributable to owners of parent company	Total equity
	£	£	£	£
At 1 November 2023	2,000	2,538,256	2,540,256	2,540,256

Profit for the year	-	1,632,369	1,632,369	1,632,369
Dividends: Equity capital	-	(136,000)	(136,000)	(136,000)

At 1 November 2024	2,000	4,034,625	4,036,625	4,036,625

Profit for the year	-	962,745	962,745	962,745
Dividends: Equity capital	-	(136,000)	(136,000)	(136,000)
At 31 October 2025	2,000	4,861,370	4,863,370	4,863,370

Page 11

CENTAUR GROUP LIMITED

COMPANY 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 2024	2,000	3,259,809	3,261,809

Profit for the year	-	949,006	949,006
Dividends: Equity capital	-	(136,000)	(136,000)
At 31 October 2025	2,000	4,072,815	4,074,815

Page 12

CENTAUR GROUP LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 OCTOBER 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 November 2023	2,000	2,423,304	2,425,304

Profit for the year	-	972,505	972,505
Dividends: Equity capital	-	(136,000)	(136,000)
At 31 October 2024	2,000	3,259,809	3,261,809

The notes on pages 16 to 34 form part of these financial statements.

Page 13

CENTAUR GROUP LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 OCTOBER 2025

			2025	2024
			£	£

Cash flows from operating activities
Profit for the financial year	962,745	1,632,369
Adjustments for:
Amortisation of intangible assets	47,330	47,330
Depreciation of tangible assets	1,166,142	956,347
Loss on disposal of tangible assets	(41,402)	(46,040)
Interest paid	229,483	114,794
Interest received	(95,753)	(134,036)
Taxation charge	411,232	539,562
Decrease/(increase) in stocks	-	(4,424)
Decrease/(increase) in debtors	415,599	(16,594)
Increase in creditors	909,425	98,843
Increase in provisions	86,000	-
Corporation tax (paid)	(815,561)	(257,532)
Net cash generated from operating activities	3,275,240	2,930,619

Cash flows from investing activities
Purchase of tangible fixed assets	(6,138,281)	(1,008,703)
Sale of tangible fixed assets	88,569	46,040
Interest received	95,753	134,036
Net cash from investing activities	(5,953,959)	(828,627)

Page 14

CENTAUR GROUP LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2025

		2025	2024
		£	£


Cash flows from financing activities
New loans	3,060,952	-
Repayment of other loans	(254,240)	(254,240)
(Repayment of)/new finance leases	(217,277)	(330,424)
Dividends paid	(136,000)	(136,000)
Interest paid	(178,086)	(62,661)
HP interest paid	(51,397)	(52,133)
Net cash used in financing activities	2,223,952	(835,458)
Net (decrease)/increase in cash and cash equivalents	(454,767)	1,266,534
Cash and cash equivalents at beginning of year	3,014,635	1,748,101
Cash and cash equivalents at the end of year	2,559,868	3,014,635

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	2,559,868	3,014,635
	2,559,868	3,014,635

The notes on pages 16 to 34 form part of these financial statements.

Page 15

CENTAUR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1.	General information

Centaur Group Limited is a private company limited by shares and incorporated in England and Wales. The registered office address of the company is Unit 34 & 35 Acorn Industrial Park, Acorn Road, Dartford, Kent DA1 4AL.

The principal activity of the company are those of a holding company. The group's principal activity during the year was 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 group management to exercise judgment in applying the group's accounting policies (see note 3).

The company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.

The following principal accounting policies have been applied:

2.2

Basis of consolidation

The consolidated financial statements present the results of the company and its own subsidiaries ("the group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.

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.

Page 16

CENTAUR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the group 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 group 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.

2.5

Operating leases: the group 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 Consolidated 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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 17

CENTAUR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.10

Pensions

Defined contribution pension plan

The group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the group pays fixed contributions into a separate entity. Once the contributions have been paid the group 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 group in independently administered funds.

2.11

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 and the group operate and generate 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;

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

∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

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.

Page 18

CENTAUR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.12

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

For intangible assets where the useful economic life cannot be reliably measured amortisation is applied on a straight line basis over 10 years, which includes goodwill.

2.13

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, using the following bases:

Freehold property	-	3% Straight line
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.

2.14

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 19

CENTAUR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.15

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 include 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.

2.16

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.

2.17

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.

In the Consolidated statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the group's cash management.

2.18

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.

2.19

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.20

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 20

CENTAUR GROUP 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 2.13.

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 sales	9,159,168	8,726,326
Private hire	1,731,171	1,603,219
Commuter travel	598,264	565,322
Bus services grant income	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
	11,488,605	10,899,295

5.	Other operating income
		2025	2024
		£	£

Government grants receivable	93,533	89,203
Sundry income	-	1,167
	93,533	90,370

Page 21

CENTAUR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Depreciation of tangible fixed assets	1,167,039	956,347
Profit on disposal of tangible fixed assets	(41,402)	(46,040)
Other operating lease rentals	694,895	213,654
Amortisation of intangible assets, including goodwill	47,330	47,330

7.	Auditors' remuneration
		2025	2024
		£	£

Fees payable to the company's auditors for the audit of the consolidated and parent company's financial statements	15,950	15,340

All other services	33,321	31,629
	49,271	46,969

Page 22

CENTAUR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

8.	Employees
	Staff costs, including directors' remuneration, were as follows:

		Group	Group
		2025	2024
		£	£


Wages and salaries	4,840,560	4,698,892
Social security costs	380,908	42,750
Cost of defined contribution scheme	181,743	191,503
	5,403,211	4,933,145

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

	Group	Group	Company	Company
	2025	2024	2025	2024
	No.	No.	No.	No.

Directors	3	3	3	3
Drivers	207	201	-	-
Office staff	13	11	-	-
Passanger assistants	168	159	-	-
Workshop staff	5	6	-	-

	396	380	3	3

9.	Directors' remuneration

During the year retirement benefits were accruing to no directors (2024 - 2) in respect of defined contribution pension schemes.

10.	Interest receivable
		2025	2024
		£	£

	Bank interest receivable	95,753	134,036
		95,753	134,036

Page 23

CENTAUR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

11.	Interest payable and similar expenses
		2025	2024
		£	£

Bank loan interest payable	125,863	-
Other loan interest payable	49,710	62,661
Finance leases and hire purchase contracts	51,397	52,133
Other interest payable	4,034	-
	231,004	114,794

Corporation tax
Current tax on profits for the year	219,377	531,327
Adjustments in respect of previous periods	3,821	(47,030)

Total current tax	223,198	484,297

	Deferred tax
	Deferred tax - current year	188,034	(795)


		411,232	483,502

Page 24

CENTAUR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

12.Taxation (continued)

Profit on ordinary activities before tax

1,373,977

2,115,871

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	343,494	528,968
Effects of:
Non-tax deductible amortisation of goodwill and impairment	11,833	11,833
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	4,852	2,482
Capital allowances for year in excess of depreciation	(130,451)	(446)
Profit on disposal of fixed assets	(10,351)	(11,510)
Adjustments to tax charge in respect of prior periods	3,821	(47,030)
Deferred tax provision	188,034	(795)
Total tax charge for the year	411,232	483,502

Factors that may affect future tax charges

There are no factors that may effect future tax charges.

13.	Dividends
		2025	2024
		£	£

	Dividends paid	136,000	136,000
		136,000	136,000

Page 25

CENTAUR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

14.	Intangible assets
	Group and Company

		Goodwill
		£
	Cost
	At 1 November 2024	473,302
	At 31 October 2025	473,302
	Amortisation
	At 1 November 2024	331,310
	Charge for the year on owned assets	47,330
	At 31 October 2025	378,640
	Net book value
	At 31 October 2025	94,662
	At 31 October 2024	141,992

All of the Group's intangible fixed assets are held in the Parent Company.

Page 26

CENTAUR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

15.	Tangible fixed assets
	Group

	Freehold property	Short-term leasehold property	Plant and machinery	Motor vehicles	Office equipment
	£	£	£	£	£
Cost or valuation
At 1 November 2024	-	201,858	125,836	8,726,472	179,510
Additions	4,522,020	-	-	1,527,697	57,814
Disposals	-	-	-	(349,413)	-
At 31 October 2025	4,522,020	201,858	125,836	9,904,756	237,324
Depreciation
At 1 November 2024	-	15,330	72,318	4,817,747	112,222
Charge for the year on owned assets	91,749	13,220	23,862	321,907	30,162
Charge for the year on financed assets	-	-	-	685,242	-
Disposals	-	-	-	(302,246)	-
At 31 October 2025	91,749	28,550	96,180	5,522,650	142,384
Net book value
At 31 October 2025	4,430,271	173,308	29,656	4,382,106	94,940
At 31 October 2024	-	186,528	53,518	3,908,725	67,288

Page 27

CENTAUR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

15.Tangible fixed assets (continued)

		Total
		£
	Cost or valuation
	At 1 November 2024	9,233,676
	Additions	6,107,531
	Disposals	(349,413)
	At 31 October 2025	14,991,794
	Depreciation
	At 1 November 2024	5,017,617
	Charge for the year on owned assets	480,900
	Charge for the year on financed assets	685,242
	Disposals	(302,246)
	At 31 October 2025	5,881,513
	Net book value
	At 31 October 2025	9,110,281
	At 31 October 2024	4,216,059

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

Page 28

CENTAUR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

16.	Fixed asset investments

	Company

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 November 2024	3,064,123
	At 31 October 2025	3,064,123

Subsidiary undertakings
The following were subsidiary undertakings of the company:
Name	Registered office	Class of shares	Holding

	Centaur Overland Travel Limited	(a)	Ordinary "A", "B", "C", "D", "F" and "G"	100%
	Centaur PH Limited	(a)	Ordinary	100%

(a) Unit 34 & 35 Acorn Industrial Park, Acorn Road, Kent DA1 4AL

Centaur PH Limited (company number: 15958091) is exempt from the requirement for an audit for the period ended 31 October 2025 as Centaur Group Limited is providing a guarantee under section 479A of the Companies Act 2006 in respect of that period.

Page 29

CENTAUR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

17.	Stocks
		Group	Group
		2025	2024
		£	£

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

The difference between purchase price or production cost of stocks and their replacement cost is not material.

18.

Debtors

Group	Group	Company	Company
2025	2024	2025	2024
£	£	£	£


Trade debtors	1,081,674	1,515,505	-	-
Amounts owed by group undertakings	-	-	1,930,913	1,351,485
Other debtors	95,005	57,149	-	15,699
Prepayments and accrued income	493,906	433,449	-	-
	1,670,585	2,006,103	1,930,913	1,367,184

19.	Cash and cash equivalents
		Group	Group
		2025	2024
		£	£

Cash at bank and in hand	2,559,868	3,014,635
	2,559,868	3,014,635

Page 30

CENTAUR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

20.	Creditors: Amounts falling due within one year
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Bank loans	37,259	-	-	-
Other loans	254,240	254,240	254,240	254,240
Payments received on account	20,632	24,448	-	-
Trade creditors	680,649	574,844	-	-
Corporation tax	10,076	527,731	-	-
Other taxation and social security	134,655	98,478	-	-
Obligations under finance lease and hire purchase contracts	374,824	435,094	-	-
Other creditors	537,914	594,311	139,370	129,963
Accruals and deferred income	1,066,198	234,690	18,131	22,575
	3,116,447	2,743,836	411,741	406,778

21.	Creditors: Amounts falling due after more than one year
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Bank loans	2,994,464	-	-	-
Other loans	508,480	762,720	508,480	762,720
Net obligations under finance leases and hire purchase contracts	499,418	656,425	-	-
	4,002,362	1,419,145	508,480	762,720

Page 31

CENTAUR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

22.	Loans
	Analysis of the maturity of loans is given below:
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Amounts falling due within one year
Bank loans	37,259	-	-	-
Other loans	254,240	254,240	254,240	254,240
Amounts falling due 1-2 years
Bank loans	50,032	-	-	-
Other loans	254,240	254,240	254,240	254,240
Amounts falling due 2-5 years
Bank loans	226,731	-	-	-
Other loans	254,240	508,480	254,240	508,480
Amounts falling due after more than 5 years
Bank loans	2,717,701	-	-	-
	3,794,443	1,016,960	762,720	1,016,960

23.	Hire purchase and finance leases
	Minimum lease payments under hire purchase fall due as follows:
		Group	Group
		2025	2024
		£	£

Within one year	374,824	435,094
Between 1-5 years	499,418	656,425
	874,242	1,091,519

Page 32

CENTAUR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

24.	Deferred taxation
	Group

	2025	2024
	£	£

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

		Group	Group
		2025	2024
		£	£

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

25.	Provisions
	Group

		Dilapidations provision
		£

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

Page 33

CENTAUR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

25.Provisions (continued)

26.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

500 (2024 - 500) Ordinary shares of £1.00 each	500	500
100 (2024 - 100) Ordinary "A" shares of £1.00 each	100	100
700 (2024 - 700) Ordinary "B" shares of £1.00 each	700	700
700 (2024 - 700) Ordinary "C" shares of £1.00 each	700	700

	2,000	2,000

27.	Pension commitments

The company operates defined contribution pension schemes. The assets of the schemes are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £181,743 (2024 - £191,503). Contributions totalling £11,058 (2024 - £11,177) were payable to the fund at the balance sheet date and are included in the creditors due within one year.

28.

Related party transactions

The directors have an interest in dividends paid in the year of £136,000 (2024: £136,000).

Included in other creditors due within one year are amounts owed to the directors of £139,270 (2024: £227,617).

Included in other loans due within one year are loan notes owed to one of the directors of £254,240 (2024: £254,240) and after more than one year of £508,480 (2024: £762,720). Interest in the year was paid on the loan notes of £46,334 (2024: £63,560).

The company has taken the available exemption not to disclose related party transactions with wholly owned subsidiaries as prescribed by FRS102 s33, as consolidated financial statements are publicly available.

29.	Controlling party

No one individual has control over the entity.

Page 34