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REGISTERED NUMBER: 05269611 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

STEPHENSON JOHNSON FINANCIAL PLANNING
LIMITED

STEPHENSON JOHNSON FINANCIAL PLANNING
LIMITED (REGISTERED NUMBER: 05269611)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STEPHENSON JOHNSON FINANCIAL PLANNING
LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: R W Stephenson





REGISTERED OFFICE: 15B Priory Tec Park
Hessle
East Yorkshire
HU13 9PB





REGISTERED NUMBER: 05269611 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

STEPHENSON JOHNSON FINANCIAL PLANNING
LIMITED (REGISTERED NUMBER: 05269611)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 19,754 17,061
Investments 6 257,126 412,492
276,880 429,553

CURRENT ASSETS
Debtors 7 425,388 492,602
Cash at bank 155,337 177,254
580,725 669,856
CREDITORS
Amounts falling due within one year 8 192,466 195,691
NET CURRENT ASSETS 388,259 474,165
TOTAL ASSETS LESS CURRENT
LIABILITIES

665,139

903,718

CREDITORS
Amounts falling due after more than one year 9 (22,500 ) (32,500 )

PROVISIONS FOR LIABILITIES (55,212 ) (81,583 )
NET ASSETS 587,427 789,635

STEPHENSON JOHNSON FINANCIAL PLANNING
LIMITED (REGISTERED NUMBER: 05269611)

BALANCE SHEET - continued
31 March 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 76 76
Revaluation reserve 11 151,844 263,494
Capital redemption reserve 24 24
Retained earnings 435,483 526,041
SHAREHOLDERS' FUNDS 587,427 789,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2023 and were signed by:





R W Stephenson - Director


STEPHENSON JOHNSON FINANCIAL PLANNING
LIMITED (REGISTERED NUMBER: 05269611)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Stephenson Johnson Financial Planning Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principle place of business at 15B Priory Tec Park, Hessle, Hull, HU13 9PB.

The principal activity of the company is Financial Intermediation.

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

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 as modified by the revaluation of certain assets.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts. Turnover is recognised at point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of clients, has been amortised evenly over its estimated useful life of 4 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33.3% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


STEPHENSON JOHNSON FINANCIAL PLANNING
LIMITED (REGISTERED NUMBER: 05269611)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Government grants
Government grants and support received during a year are taken to profit in the year in which they are received.

Fixed asset investments
Listed investments are held as fixed asset investments and are included in the accounts at fair value.

Changes in fair value are recognised in the profit and loss account.

Unlisted investments are held as fixed asset investments and are included at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 57,000
AMORTISATION
At 1 April 2022
and 31 March 2023 57,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

STEPHENSON JOHNSON FINANCIAL PLANNING
LIMITED (REGISTERED NUMBER: 05269611)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 60,616 9,483 33,651 9,620 113,370
Additions - - 15,599 981 16,580
Disposals - - (12,504 ) - (12,504 )
At 31 March 2023 60,616 9,483 36,746 10,601 117,446
DEPRECIATION
At 1 April 2022 56,135 4,328 26,878 8,968 96,309
Charge for year 3,117 1,267 1,949 781 7,114
Eliminated on disposal - - (5,731 ) - (5,731 )
At 31 March 2023 59,252 5,595 23,096 9,749 97,692
NET BOOK VALUE
At 31 March 2023 1,364 3,888 13,650 852 19,754
At 31 March 2022 4,481 5,155 6,773 652 17,061

6. FIXED ASSET INVESTMENTS
Interest
in Other
associate investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 50 412,442 412,492
Additions - 8,481 8,481
Disposals - (115,941 ) (115,941 )
Revaluations - (47,906 ) (47,906 )
At 31 March 2023 50 257,076 257,126
NET BOOK VALUE
At 31 March 2023 50 257,076 257,126
At 31 March 2022 50 412,442 412,492

STEPHENSON JOHNSON FINANCIAL PLANNING
LIMITED (REGISTERED NUMBER: 05269611)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2023 is represented by:

Interest
in Other
associate investments Totals
£    £    £   
Valuation in 2014 - 18,280 18,280
Valuation in 2015 - (2,854 ) (2,854 )
Valuation in 2016 - 6,460 6,460
Valuation in 2017 - 39,707 39,707
Valuation in 2018 - 44,024 44,024
Valuation in 2019 - 132,979 132,979
Valuation in 2020 - 53,750 53,750
Valuation in 2021 - 136,807 136,807
Valuation in 2022 - (42,340 ) (42,340 )
Valuation in 2023 - (184,354 ) (184,354 )
Cost 50 54,617 54,667
50 257,076 257,126

The fixed asset investments have been revalued in the accounts to fair value.

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 92,674 88,966
Directors current accounts - 75,000
Prepayments and accrued income 8,904 826
101,578 164,792

Amounts falling due after more than one year:
Amounts owed by associates 123,118 127,118
Tax 53,215 53,215
Directors' loan accounts 147,477 147,477
323,810 327,810

Aggregate amounts 425,388 492,602

The director current account of £75,000 will be repaid to the company prior to 31st December 2022.

STEPHENSON JOHNSON FINANCIAL PLANNING
LIMITED (REGISTERED NUMBER: 05269611)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Tax 157,107 161,539
Social security and other taxes 10,173 10,624
Directors' current accounts 2,292 1,492
Accrued expenses 12,894 12,036
192,466 195,691

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 12,500 22,500
22,500 32,500

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 19,800 16,728

11. RESERVES
Revaluation
reserve
£   
At 1 April 2022 263,494
Unrealised gain on share portfolio (111,650 )

At 31 March 2023 151,844

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is an amount owing to the director by the company. The balance outstanding at 31st March 2023 was £3,492 (2022: £1,492).

The loan was made on an interest free basis and is repayable on demand.

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £387,000 (2022 - £363,000) were paid to the director .

STEPHENSON JOHNSON FINANCIAL PLANNING
LIMITED (REGISTERED NUMBER: 05269611)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


13. RELATED PARTY DISCLOSURES - continued

Directors include related party.

14. ULTIMATE CONTROLLING PARTY

The controlling party is R W Stephenson.