REGISTERED NUMBER: 09353371 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

VENUS TAX FEE PROTECTION (GLOBAL) LTD

PREVIOUSLY KNOWN AS

VANTAGE TAX FEE PROTECTION (GLOBAL)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S J Greenwell

REGISTERED OFFICE:

Windsor House Troon Way Business Centre

Humberstone Lane

Leicester

LE4 9HA

REGISTERED NUMBER:

09353371 (England and Wales)

ACCOUNTANTS:

QACCOUNTING LTD

Windsor House,

Troon Way Business Centre,

Thurmaston, Leicestershire

LE4 9HA

CURRENT ASSETS

Debtors

4

46,286

46,611

Cash at bank

82

24

46,368

46,635

CREDITORS

Amounts falling due within one year

5

65,297

63,425

NET CURRENT LIABILITIES

(18,929

)

(16,790

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(18,929

)

(16,790

)

CAPITAL AND RESERVES

Called up share capital

50

50

Retained earnings

(18,979

)

(16,840

)

(18,929

)

(16,790

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2026 and were signed by:

Mr S J Greenwell - Director

1.	STATUTORY INFORMATION

Vantage Tax Fee Protection (Global) Limited is a limited company, limited by shares, registered in England and Wales. Its registered office address is Windsor House, Troon Way Business Centre, Humberstone Lane,

Leicester, LE4 9HA and the registered number is 09353371.

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 presentation currency of the financial statements is the Pound Sterling (£).

Group relief

It is the group's policy in certain situations to charge for tax losses surrendered by the way of group relief at the rate prevailing at the end of the financial period in respect of which relief is given.

Going concern

The company has continued to receive financial support from companies related by virtue of common control

through the use of current accounts.

With this information, and based on a review of forecast trading 12 months from the signing of the financial

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

Turnover

The company acts as an agent. Turnover represents commission receivable for services, net of VAT and IPT.

Turnover is principally derived from two distinct income streams; being the sale of insurance policies, where the commission is credited to turnover on the inception of the policy, and consultancy fees, where income is credited to turnover as the fees are incurred.

The turnover figure represents the net income after associated underwriter and brokerage costs have been deducted. Sales including gross value of insurance premiums written for the year was £0 (2025 - £0).

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 non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognized in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognized 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.

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.

Debtors

Basic financial assets, including trade and other debtors, 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 method, less any impairment.

Cost Recognition

Accrued liabilities -Expenses for services or goods received are recorded when incurred, not paid. If an invoice is pending an accrual is created when completing the monthly accounts. Expenses are reviewed against budgets and historical trends and missing items will be accrued accordingly

Prepayments - Expenses are prepaid when costs are paid/invoiced in advance of goods or services. Prepayment will be split over the period of benefit with the expenses recognised in the profit and Loss account as the goods/services are consumed (eg Rent invoice and insurance policies)

Bad debt provision - provision of bad debt doesn't incur until we have exhausted all options in the recovery and no further options are available. Depending on the value of the debt, options will include court action. A commercial decision will be made on a case-by-case basis.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Insurance broking debtors, creditors and cash balances

The company acts as an agent in broking the insurable risks of its clients and, generally, is not liable as a principal for premiums due to underwriters or for claims payable to clients. Notwithstanding the company's legal relationship with clients and underwriters and since in practice premium and claim monies are usually accounted for by insurance intermediaries, it has followed generally accepted accounting practices by showing cash, debtors and creditors relating to insurance business as assets and liabilities of the company itself.

Included in cash and cash equivalents is client money held by the company in IBA bank accounts which are under risk transfer agreements with the ultimate underwriters.

Such funds are disclosed as fiduciary assets and liabilities in the notes of the financial statements.

Foreign currency translation

The company's functional and presentational currency is GBP.

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 the profit and loss account 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 profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in the profit and loss account within 'other operating income'.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

46,286

46,611

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,344

-

Amounts owed to group undertakings

61,265

61,185

Other creditors

2,688

2,240

65,297

63,425