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REGISTERED NUMBER: 09043325 (England and Wales)















TAX PLANNING MATTERS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023






TAX PLANNING MATTERS LIMITED (REGISTERED NUMBER: 09043325)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TAX PLANNING MATTERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mr S M Petrie





REGISTERED OFFICE: 1 Brookmans Avenue
Brookmans Park
Hatfield
Hertfordshire
AL9 7QH





REGISTERED NUMBER: 09043325 (England and Wales)





ACCOUNTANTS: P G ASSOCIATES
Accountants
1 Brookmans Avenue
Brookmans Park
Hatfield
Hertfordshire
AL9 7QH

TAX PLANNING MATTERS LIMITED (REGISTERED NUMBER: 09043325)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,774 1,840
Investments 5 16,080 16,080
Investment property 6 225,000 -
248,854 17,920

CURRENT ASSETS
Debtors 7 128,192 126,416
Cash at bank 542,512 728,186
670,704 854,602
CREDITORS
Amounts falling due within one year 8 163,265 170,107
NET CURRENT ASSETS 507,439 684,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

756,293

702,415

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 756,292 702,414
SHAREHOLDERS' FUNDS 756,293 702,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

TAX PLANNING MATTERS LIMITED (REGISTERED NUMBER: 09043325)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2023


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 9 November 2023 and were signed by:





Mr S M Petrie - Director


TAX PLANNING MATTERS LIMITED (REGISTERED NUMBER: 09043325)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Tax Planning Matters 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.

The financial statements are presented in sterling (£) which is also the functional currency for the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents commissions and fees earned on investment business written, when received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

TAX PLANNING MATTERS LIMITED (REGISTERED NUMBER: 09043325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 July 2022 5,700
Additions 8,526
At 30 June 2023 14,226
DEPRECIATION
At 1 July 2022 3,860
Charge for year 2,592
At 30 June 2023 6,452
NET BOOK VALUE
At 30 June 2023 7,774
At 30 June 2022 1,840

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022
and 30 June 2023 16,080
NET BOOK VALUE
At 30 June 2023 16,080
At 30 June 2022 16,080

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 225,000
At 30 June 2023 225,000
NET BOOK VALUE
At 30 June 2023 225,000

TAX PLANNING MATTERS LIMITED (REGISTERED NUMBER: 09043325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. DEBTORS
30.6.23 30.6.22
£    £   
Amounts falling due within one year:
Trade debtors 24,865 23,089
Other debtors 3,327 3,327
28,192 26,416

Amounts falling due after more than one year:
Other debtors 100,000 100,000

Aggregate amounts 128,192 126,416

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 1 -
Taxation and social security 35,528 44,448
Other creditors 127,736 125,659
163,265 170,107

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed £123,548 (2022 - £120,805) to the director. This amount is payable on demand and is included in Creditors due within one year