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REGISTERED NUMBER: 04555216 (England and Wales)












Financial Statements

for the Year Ended 28 February 2023

for

Financial Planning Partners Limited

Financial Planning Partners Limited (Registered number: 04555216)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Financial Planning Partners Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: A J Hearne





SECRETARY: DB Corporate Limited





REGISTERED OFFICE: 1 Stanyards Courtyard
Stanyards Farm
Chertsey Road
Chobham
Surrey
GU24 8JE





REGISTERED NUMBER: 04555216 (England and Wales)





ACCOUNTANTS: Ahmad York Limited
Chartered Certified Accountants
1 Stanyards Courtyard
Stanyards Farm
Chertsey Road
Chobham
Surrey
GU24 8JE

Financial Planning Partners Limited (Registered number: 04555216)

Abridged Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 91,693 22,729
91,693 22,729

CURRENT ASSETS
Debtors 73,227 44,439
Investments 886 892
Cash at bank 91,225 216,077
165,338 261,408
CREDITORS
Amounts falling due within one year 82,673 105,357
NET CURRENT ASSETS 82,665 156,051
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,358

178,780

CREDITORS
Amounts falling due after more than one
year

(53,531

)

-

PROVISIONS FOR LIABILITIES (3,002 ) (4,318 )
NET ASSETS 117,825 174,462

CAPITAL AND RESERVES
Called up share capital 90 90
Capital redemption reserve 6 6
Retained earnings 117,729 174,366
SHAREHOLDERS' FUNDS 117,825 174,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Financial Planning Partners Limited (Registered number: 04555216)

Abridged Statement of Financial Position - continued
28 February 2023


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 September 2023 and were signed by:





A J Hearne - Director


Financial Planning Partners Limited (Registered number: 04555216)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Financial Planning Partners 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, has now been fully amortised.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Financial assets include investments which are valued at fair value.

The company only enters into basic financial instrument transactions in accordance with Section 11. Financial assets and liabilities are measured at cost and financial assets are assessed at the end of each reporting period for objective evidence of impairment.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

Financial Planning Partners Limited (Registered number: 04555216)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 138,000
AMORTISATION
At 1 March 2022
and 28 February 2023 138,000
NET BOOK VALUE

At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 37,721
Additions 82,812
At 28 February 2023 120,533
DEPRECIATION
At 1 March 2022 14,992
Charge for year 13,848
At 28 February 2023 28,840
NET BOOK VALUE
At 28 February 2023 91,693
At 28 February 2022 22,729

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 75,225
At 28 February 2023 75,225
DEPRECIATION
Charge for year 6,269
At 28 February 2023 6,269
NET BOOK VALUE
At 28 February 2023 68,956