Silverfin false 30/04/2022 30/04/2022 15/11/2020 Jade Boyles-White 13/01/2021 Mercedes Elizabeth Osborne 15/11/2020 William Benjamin Smith 13/01/2021 09 August 2022 The company was incorporated on 15 November 2020 and commenced trading on 9 March 2021. The principal activity of the Company during the financial year was providing mortgage advice. 13020139 2022-04-30 13020139 bus:Director1 2022-04-30 13020139 bus:Director2 2022-04-30 13020139 bus:Director3 2022-04-30 13020139 core:CurrentFinancialInstruments 2022-04-30 13020139 core:ShareCapital 2022-04-30 13020139 core:RetainedEarningsAccumulatedLosses 2022-04-30 13020139 core:OfficeEquipment 2020-11-14 13020139 2020-11-14 13020139 core:OfficeEquipment 2022-04-30 13020139 core:ImmediateParent core:CurrentFinancialInstruments 2022-04-30 13020139 bus:OrdinaryShareClass1 2022-04-30 13020139 2020-11-15 2022-04-30 13020139 bus:FullAccounts 2020-11-15 2022-04-30 13020139 bus:SmallEntities 2020-11-15 2022-04-30 13020139 bus:AuditExemptWithAccountantsReport 2020-11-15 2022-04-30 13020139 bus:PrivateLimitedCompanyLtd 2020-11-15 2022-04-30 13020139 bus:Director1 2020-11-15 2022-04-30 13020139 bus:Director2 2020-11-15 2022-04-30 13020139 bus:Director3 2020-11-15 2022-04-30 13020139 core:OfficeEquipment core:TopRangeValue 2020-11-15 2022-04-30 13020139 core:OfficeEquipment 2020-11-15 2022-04-30 13020139 bus:OrdinaryShareClass1 2020-11-15 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13020139 (England and Wales)

POINTERS FINANCIAL LIMITED

Unaudited Financial Statements
For the financial period from 15 November 2020 to 30 April 2022
Pages for filing with the registrar

POINTERS FINANCIAL LIMITED

Unaudited Financial Statements

For the financial period from 15 November 2020 to 30 April 2022

Contents

POINTERS FINANCIAL LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2022
POINTERS FINANCIAL LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2022
Note 30.04.2022
£
Fixed assets
Tangible assets 3 1,874
1,874
Current assets
Debtors 4 10,097
Cash at bank and in hand 9,393
19,490
Creditors
Amounts falling due within one year 5 ( 50,766)
Net current liabilities (31,276)
Total assets less current liabilities (29,402)
Net liabilities ( 29,402)
Capital and reserves
Called-up share capital 7 100
Profit and loss account ( 29,502 )
Total shareholders' deficit ( 29,402)

For the financial period ending 30 April 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Pointers Financial Limited (registered number: 13020139) were approved and authorised for issue by the Director on 09 August 2022. They were signed on its behalf by:

Mercedes Elizabeth Osborne
Director
Jade Boyles-White
Director
POINTERS FINANCIAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 15 November 2020 to 30 April 2022
POINTERS FINANCIAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 15 November 2020 to 30 April 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Pointers Financial Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Emlyn House, Fore Street, Bovey Tracey, Newton Abbot, Devon, TQ13 9AD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line/reducing balance] basis over its expected useful life, as follows:

Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at 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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
15.11.2020 to
30.04.2022
Number
Monthly average number of persons employed by the Company during the period, including directors 4

3. Tangible assets

Office equipment Total
£ £
Cost
At 15 November 2020 0 0
Additions 2,619 2,619
At 30 April 2022 2,619 2,619
Accumulated depreciation
At 15 November 2020 0 0
Charge for the financial period 745 745
At 30 April 2022 745 745
Net book value
At 30 April 2022 1,874 1,874

4. Debtors

30.04.2022
£
Prepayments 85
Deferred tax asset 10,012
10,097

5. Creditors: amounts falling due within one year

30.04.2022
£
Amounts owed to Parent undertakings 15,979
Other creditors 32,687
Accruals 2,100
50,766

6. Deferred tax

30.04.2022
£
At the beginning of financial period 0
Credited to the Statement of Income and Retained Earnings 10,012
At the end of financial period 10,012

7. Called-up share capital

30.04.2022
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100