REGISTERED NUMBER: 11877681 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

MARTELLO FINANCIAL SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Henderson

R W Moore

D Barry

REGISTERED OFFICE:

7 Bell Yard

London

WC2A 2JR

REGISTERED NUMBER:

11877681 (England and Wales)

AUDITORS:

Magma Audit LLP

16 Davy Court

Castle Mound Way

Rugby, CV23 0UZ

Magma Audit LLP is part

Of the Dains Group

FIXED ASSETS

Tangible assets

4

8,741

13,035

CURRENT ASSETS

Debtors

5

1,381,050

872,460

Cash at bank

443,848

743,094

1,824,898

1,615,554

CREDITORS

Amounts falling due within one year

6

(827,127

)

(695,370

)

NET CURRENT ASSETS

997,771

920,184

TOTAL ASSETS LESS CURRENT LIABILITIES

1,006,512

933,219

CAPITAL AND RESERVES

Called up share capital

11

11

Retained earnings

1,006,501

933,208

SHAREHOLDERS' FUNDS

1,006,512

933,219

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2026 and were signed on its behalf by:

R Henderson - Director

1.	STATUTORY INFORMATION

Martello Financial Services Ltd is a private company, limited by shares, registered in England and Wales. Its registered office address is 7 Bell Yard, London, England WC2A 2JR and the registered number is 11877681.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentational currency of the financial statements is pound sterling (£) and figures are rounded to the nearest £1.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises revenue when (a) the significant risks and rewards of ownership have been transferred to the buyer; (b) the company retains no continuing involvement or control over the goods; (c) the amount of revenue can be measured reliably; (d) it is probable that future economic benefits will flow to the entity and (e) when the specific criteria relating to the each of company’s sales channels have been met.

Tangible fixed assets

Tangible fixed assets 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 either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Computer equipment

- 33% straight line

Fixtures and Fittings

- 25% on reducing balance

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.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at

transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors 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.

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

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.

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.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments

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

Other operating income

Other operating income comprises income earned from activities incidental to the entity's principal operation and is recognised in the period the income relates to.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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 Any revaluation of highly liquid investments are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 November 2024

4,748

55,113

59,861

Additions

759

-

759

At 31 October 2025

5,507

55,113

60,620

DEPRECIATION

At 1 November 2024

3,028

43,798

46,826

Charge for year

603

4,450

5,053

At 31 October 2025

3,631

48,248

51,879

NET BOOK VALUE

At 31 October 2025

1,876

6,865

8,741

At 31 October 2024

1,720

11,315

13,035

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,211,867

775,542

Amounts owed by group undertakings

98,173

-

Other debtors

36,107

62,273

Directors' current accounts

9,000

-

Prepayments and accrued income

25,903

34,645

1,381,050

872,460

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

411,077

260,431

Amounts owed to group undertakings

-

97,146

Taxation and social security

263,805

202,862

Other creditors

152,245

134,931

827,127

695,370

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

162,920

91,862

Between one and five years

29,200

16,920

192,120

108,782

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Norris (Senior Statutory Auditor)

for and on behalf of Magma Audit LLP

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

£

R Henderson

Balance outstanding at start of year

-

-

Amounts advanced

9,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,000

-

The amount is interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year, directors charged the company £nil (2024: £9,394) for Expert Services.

During the year a company with common directors was charged £60,344 (2024: £nil) for expert services and £22,562 (2024: £nil) for recharge of expenses. At the year end, £93,730 (2024: £nil)was due from this company to Martello Financial Services Limited and is included in trade and other debtors.

11.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Martello Global Holdings Limited (previously known as Martello Financial Services Holdings Limited). The ultimate controlling party is R Moore due to his virtue of shareholding in the parent company during the current and prior year.