FOR THE YEAR ENDED 28 FEBRUARY 2026
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
COMPANY INFORMATION
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
CONTENTS
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2026
Moneyhub is an Applied AI company providing proprietary software and services that enable financial institutions to transform raw transactions into actionable intelligence.
Our institutional clients, including many of the UK’s leading banks and pension companies, use the Moneyhub platform to move beyond basic transactional product engagement toward deep, insight-driven consumer relationships. By enriching transaction data and providing AI-driven categorisation, decisioning, and payment initiation services, we enable our clients to build personalised financial journeys that drive superior outcomes and long-term customer loyalty.
Moneyhub is an FCA-regulated provider (AISP and PISP) and ISO 27001 certified, ensuring that our commitment to innovation is matched by our commitment to security and compliance.
In the financial year ending 28 February 2026, Moneyhub started a transition to a recurring revenue model. Sales growth was strong with an 80% year on year growth coming from a balance of new-logo clients and our existing base. The revenue from those multi-year contracts will be recognised across the course of the term. In year total revenues reached £6 million, an increase of 10% on the prior year. The business is now solely B2B focused serving the banking, pensions, lending, and fintech sectors. The company maintained a high client retention rate with no significant customer losses during the period.
The primary drivers for the business remain the persistent need for our clients to innovate, automate processes, reduce operational costs, and meet regulatory obligations. The company is well-positioned to assist clients in complying with established regulations such as Consumer Duty and the forthcoming Data (Use and Access) Act 2025 (formerly the Smart Data Bill).
However, the timing of regulatory implementation can also negatively impact revenues such as the postponement of the compulsory connection deadline for the Pensions Dashboard regulation which led to the deferral of significant, planned client projects. The management team expects this deferred revenue to be realised in future financial years as the revised regulatory timetable progresses.
However, the timing of regulatory implementation can also negatively impact revenues such as the postponement of the compulsory connection deadline for the Pensions Dashboard regulation which led to the deferral of significant, planned client projects. The management team expects this deferred revenue to be realised in future financial years as the revised regulatory timetable progresses.
The management team believes the business remains agile and efficient with a well controlled cost base and a
clear focus on a core set of solutions, meaning Moneyhub is strongly positioned to execute its strategy and
achieve sustainable growth.
Page 1
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
Risk management is a key function of the Board's role in oversight of the business and the Group's success in achieving its strategic objectives and mission. The Board regularly reviews risks during the monthly management reporting process and also during quarterly Board meetings.
The principal risks and uncertainties facing the Group are:
Cashflow and liquidity risk
The Group manages cash responsibly, holding surplus short and medium term reserves on deposit to maximise income, whilst having sight to expected cash requirements. It undertakes stress and sensitivity analysis on forecast performance to ensure that sufficient capital is maintained. Following past raises, cash reserves are able to fund the existing and forecast business.
Commercial risk
The Group faces risks associated with a competitive market environment but with market leading, award winning software and solutions we are able to mitigate these risks.
Regulatory risk
The regulatory environment within which the Group operates is evolving. The introduction of the Consumer Duty Regulations, Pensions Dashboards legislation and the Smart Data Bill will impact the entire financial services sector. However we see this as an opportunity as our software solutions are well suited to assist all relevant businesses with their compliance obligations.
Operational risk
As with any scaling business, our clients and our people are key to our success. With this in mind we have moved to a hybrid model, opening a London based sales office whilst also maintaining a Bristol base. We continue to allow our people the flexibility of working remotely when suitable for business and client needs.
The principal risks and uncertainties facing the Group are:
Cashflow and liquidity risk
The Group manages cash responsibly, holding surplus short and medium term reserves on deposit to maximise income, whilst having sight to expected cash requirements. It undertakes stress and sensitivity analysis on forecast performance to ensure that sufficient capital is maintained. Following past raises, cash reserves are able to fund the existing and forecast business.
Commercial risk
The Group faces risks associated with a competitive market environment but with market leading, award winning software and solutions we are able to mitigate these risks.
Regulatory risk
The regulatory environment within which the Group operates is evolving. The introduction of the Consumer Duty Regulations, Pensions Dashboards legislation and the Smart Data Bill will impact the entire financial services sector. However we see this as an opportunity as our software solutions are well suited to assist all relevant businesses with their compliance obligations.
Operational risk
As with any scaling business, our clients and our people are key to our success. With this in mind we have moved to a hybrid model, opening a London based sales office whilst also maintaining a Bristol base. We continue to allow our people the flexibility of working remotely when suitable for business and client needs.
Page 2
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
The business continued to expand during the year ended 28 February 2026, with revenue increasing 10% to £6,036,358 (2025: £5,502,348).
Cost of sales decreased to £266,489 (2025: £270,597) resulting in a gross profit margin of 96% (2025: 95%). In line with the Group’s strategy and commitment to growth administrative costs reduced to £14,349,904 (2025: £17,402,826) resulting in a loss before tax and exceptional items of £8,580,035 (2025: £12,171,075).
The decrease in administrative costs was mainly due to the full year impact of the prior year’s decrease in employee numbers.
Group cash and current asset investment balances remain strong at £17,323,597 (2025: £22,152,668) The Directors are satisfied that the group is adequately resourced to deliver on its strategic plans.
MAJOR SHAREHOLDERS
Group cash and current asset investment balances remain strong at £17,323,597 (2025: £22,152,668) The Directors are satisfied that the group is adequately resourced to deliver on its strategic plans.
MAJOR SHAREHOLDERS
No other KPI analysis is considered necessary for an understanding of the development, performance and position of the company.
This report was approved by the board on 23 September 2026 and signed on its behalf.
Page 3
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
DIRECTORS' REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2026
The directors present their report and the financial statements for the year ended 28 February 2026.
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.
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 judgements 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.
The loss for the year, after taxation, amounted to £7,465,569 (2025: loss £11,850,351).
No ordinary or preference dividends were paid (2025: £Nil). The directors do not recommend the payment of any dividends.
The directors who served during the year were:
The directors are satisfied that the group is adequately resourced to deliver on its strategic plans.
Page 4
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
There are no significant events subsequent to the Statement of Financial Position date.
The auditors, Bishop Fleming 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.
Page 5
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
We have audited the financial statements of Moneyhub Holdings Ltd (Formerly Hub Investment Holdings Limited) (the ' Company') and its subsidiaries (the 'Group') for the year ended 28 February 2026, which comprise the Consolidated Statement of comprehensive income, the Consolidated and Company Statements of financial position, the Consolidated and Company Statement of changes in equity, the Consolidated Statement of Cash Flows 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 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 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.
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.
Page 6
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED) (CONTINUED)
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.
In the light of the knowledge and understanding of the Group and the 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.
Page 7
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED) (CONTINUED)
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:
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we have considered the following:
∙the nature of the industry and sector, control environment and business performance;
∙the results of our enquiries of management and the directors about their own identification and assessment of the risk of irregularities;
∙any matters we identified having obtained and reviewed the Group's documentation of their policies and procedures relating to:
°identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;
°detecting and responding to the risk of fraud and whether they have knowledge of actual, suspected, or alleged fraud; and
°the internal controls established to mitigate the risks of fraud or non-compliance with laws and regulations.
∙the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud, and incorrect recognition of revenue was identified as the greatest potential area for fraud. In common with all audits under ISAS (UK), we are also required to perform specific procedures to respond to the risk of management override.
We also obtained an understanding of the legal and regulatory frameworks that the Group operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, Financial Reporting Standard 102 and UK tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Group's ability to operate or to avoid a material penalty. These included health and safety regulations, employment legislation, data protection laws and regulations stipulated by the Financial Conduct Authority (FCA).
Our procedures to respond to risks identified included the following:
∙reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
∙enquiring of management concerning actual and potential litigation claims;
∙reviewing the financial statement disclosures and testing to supporting documentation to assess the recognition of revenue;
∙reviewing Board meeting minutes;
∙reviewing correspondence with the FCA for indications of non-compliance; and
Page 8
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED) (CONTINUED)
∙in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from an error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.
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.
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.
for and on behalf of
Chartered Accountants
Statutory Auditors
10 Temple Back
BS1 6FL
Page 9
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 28 FEBRUARY 2026
Page 10
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
REGISTERED NUMBER:11087893
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2026
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 16 to 30 form part of these financial statements.
Page 11
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
REGISTERED NUMBER:11087893
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2026
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 16 to 30 form part of these financial statements.
Page 12
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2026
Page 13
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2026
Page 14
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 28 FEBRUARY 2026
Page 15
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
The company is a private company limited by shares and is incorporated and domiciled in England. The registered office address is C/O Roxburgh Milkins Limited Merchants House North, Wapping Road, Bristol, United Kingdom, BS1 4RW.
2.ACCOUNTING POLICIES
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 judgement 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.
Where transactions and balances have been presented differently in the current period, the prior period comparative has been updated to ensure consistency with the current period classification.
The following principal accounting policies have been applied:
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 Statement of financial position, 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 income and retained earnings from the date on which control is obtained. They are deconsolidated from the date control ceases.
FRS 102 allows a qualifying entity certain disclosure exemptions, subject to certain conditions, which have been complied with. The parent company has taken advantage of the exemption from preparing a statement of cash flows, on the basis that it is a qualifying entity and the consolidated statement of cash flows, included within these financial statements, includes the company's cash flows.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of financial position, 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 income and retained earnings from the date on which control is obtained. They are deconsolidated from the date control ceases.
FRS 102 allows a qualifying entity certain disclosure exemptions, subject to certain conditions, which have been complied with. The parent company has taken advantage of the exemption from preparing a statement of cash flows, on the basis that it is a qualifying entity and the consolidated statement of cash flows, included within these financial statements, includes the company's cash flows.
Page 16
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
2.ACCOUNTING POLICIES (CONTINUED)
The Directors have considered the going concern status of the business using the results for the year, and are satisfied that the accounts are correctly completed on a going concern basis.
In arriving at this conclusion the Directors are satisfied that the business is functioning effectively and have seen an upturn in the level of new enquiries. Existing customers also have an appetite to roll out current projects more quickly than previously planned. We are in the enviable position of offering a money management solution that is critical in the current economic environment. We therefore have no concerns around the viability of the business.
As at 28 February 2025 the Group had net current assets of £15,997,843 and net assets of £16,140,886, Group cash balances were £6,321,351 and based on the forecasts the Group expects to move to profitability without requiring further investment.
After making enquiries, the directors have reasonable expectation that the Group and Company have access to adequate resources to continue in operational existence for the forseeable future. The directors therefore continue to adopt the going concern basis in preparing the financial statements.
Functional and presentation currency
Transactions and balances
Page 17
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
2.ACCOUNTING POLICIES (CONTINUED)
Revenue from the sale of software licenses to consumers is recognised on a straight line basis over the period of the license. Fees arising from the provision of financial technology and associated services to businesses are recognised by reference to the delivery of separately identifiable components using the percentage of completion method. All revenue is measured at the fair value of the consideration received or receivable and is net of Value Added Tax.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.
Page 18
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
2.ACCOUNTING POLICIES (CONTINUED)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
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 19
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
2.ACCOUNTING POLICIES (CONTINUED)
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Group's Statement of financial position when the Group becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of
Page 20
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
2.ACCOUNTING POLICIES (CONTINUED)
financial instruments.
Other financial assets
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.
Page 21
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
2.ACCOUNTING POLICIES (CONTINUED)
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
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 Group after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Group's contractual obligations expire or are discharged or cancelled.
Page 22
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
We do not believe there to be any critical accounting judgements in the financial statements.
Key sources of estimation uncertainty
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.
Revenue recognition
The revenue recognised relates to the rendering of services regarding the development and implementation of software and apps. The recognition of this revenue is subject to a degree of estimation as the milestones and completion of projects is ultimately estimated until the customer agrees to sign off.
Analysis of turnover by country of destination:
Page 23
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
Page 24
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
Page 25
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
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 profit after tax of the parent Company for the year was £477,065 (2025: £1,034,509 ).
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
Page 26
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
Page 27
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
Page 28
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
Share premium account
Foreign exchange reserve
Other reserves
Profit and loss account
Page 29
MONEYHUB HOLDINGS LTD (FORMERLY HUB INVESTMENT HOLDINGS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
There is no controlling party.
Page 30