REGISTERED NUMBER: 11332125 (England and Wales)

Banking Loyalty Limited

Unaudited Financial Statements

for the Year Ended 30 April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs B L Hargreaves

P J Marriott

J R Vaux

W A Gadja

SECRETARY:

P J Marriott

REGISTERED OFFICE:

110 Corve Street

Ludllow

SHROPSHIRE

SY8 1DJ

REGISTERED NUMBER:

11332125 (England and Wales)

ACCOUNTANTS:

Streets Dyke Ruscoe Ltd

110 Corve Street

Ludlow

SHROPSHIRE

SY8 1DJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,985

2,423

Investments

6

628

628

3,613

3,051

CURRENT ASSETS

Debtors

7

56,254

68,154

Prepayments and accrued income

2,904

-

Cash at bank

18,064

9,360

77,222

77,514

CREDITORS

Amounts falling due within one year

8

41,169

499,240

NET CURRENT ASSETS/(LIABILITIES)

36,053

(421,726

)

TOTAL ASSETS LESS CURRENT LIABILITIES

39,666

(418,675

)

ACCRUALS AND DEFERRED INCOME

3,500

3,000

NET ASSETS/(LIABILITIES)

36,166

(421,675

)

CAPITAL AND RESERVES

Called up share capital

475

415

Share premium

2,412,967

1,432,800

Retained earnings

(2,377,276

)

(1,854,890

)

36,166

(421,675

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2026 and were signed on its behalf by:

P J Marriott - Director

1.	STATUTORY INFORMATION

Banking Loyalty Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Other intangible is being amortised over 3 years on a straight line basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally

enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Foreign currencies

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.

Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2024

and 30 April 2025

220

AMORTISATION

At 1 May 2024

and 30 April 2025

220

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 May 2024

3,401

Additions

1,418

At 30 April 2025

4,819

DEPRECIATION

At 1 May 2024

978

Charge for year

856

At 30 April 2025

1,834

NET BOOK VALUE

At 30 April 2025

2,985

At 30 April 2024

2,423

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2024

and 30 April 2025

628

NET BOOK VALUE

At 30 April 2025

628

At 30 April 2024

628

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

9,423

51,454

Directors' current accounts

23,251

9,912

Tax

7,828

-

VAT

15,752

6,788

56,254

68,154

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

19,412

13,998

Tax

7,828

-

Social security and other taxes

3,814

3,610

Other creditors

9,982

1,570

Amount owed to subsidiaries

133

133

Convertible loan notes

-

479,929

41,169

499,240

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

P J Marriott

Balance outstanding at start of year

9,912

3,082

Amounts advanced

7,617

7,279

Amounts repaid

(1,837

)

(449

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,692

9,912

Mrs B L Hargreaves

Balance outstanding at start of year

-

-

Amounts advanced

7,560

-

Amounts repaid

(1

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,559

-

10.	ULTIMATE CONTROLLING PARTY

Global Loyalty Limited of 5 Chancery Lane, London, WC2A 1LG is the immediate parent of the Company by virtue of its shareholding.

P Marriott and B Hargreaves are considered to be the ultimate controlling parties by virtue of their shareholdings in the parent entity.