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REGISTERED NUMBER: SC189743 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CHRISTIE FINANCIAL PLANNING LIMITED

CHRISTIE FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: SC189743)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHRISTIE FINANCIAL PLANNING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P Christie
M Christie



SECRETARY: C Christie



REGISTERED OFFICE: 20 Barns Street
AYR
Ayrshire
KA7 1XA



REGISTERED NUMBER: SC189743 (Scotland)



ACCOUNTANTS: Galbraith Pritchards
20 Barns Street
Ayr
Ayrshire
KA7 1XA



BANKERS: Royal Bank of Scotland
339 Byres Road
Glasgow
G12 8QP

CHRISTIE FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: SC189743)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 61,206 81,018
Investment property 6 13,000 13,000
74,206 94,018

CURRENT ASSETS
Debtors 7 7,901 18,901
Cash at bank 357,344 353,026
365,245 371,927
CREDITORS
Amounts falling due within one year 8 183,477 169,672
NET CURRENT ASSETS 181,768 202,255
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,974

296,273

CREDITORS
Amounts falling due after more than one
year

9

42,890

67,725
NET ASSETS 213,084 228,548

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 212,084 227,548
SHAREHOLDERS' FUNDS 213,084 228,548

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CHRISTIE FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: SC189743)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by:





P Christie - Director


CHRISTIE FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: SC189743)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Christie Financial Planning Limited is a private company, limited by shares , registered in Scotland. 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 represents direct commissions receivable, net of clawback payments in the period

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 20% on cost
Plant and machinery - At variable rates
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

A review of impairment is carried out at each reporting date. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

CHRISTIE FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: SC189743)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 252,000
AMORTISATION
At 1 January 2023
and 31 December 2023 252,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 6,786 14,086 4,230 130,830 155,932
DEPRECIATION
At 1 January 2023 6,785 7,106 2,317 58,706 74,914
Charge for year - 1,399 382 18,031 19,812
At 31 December 2023 6,785 8,505 2,699 76,737 94,726
NET BOOK VALUE
At 31 December 2023 1 5,581 1,531 54,093 61,206
At 31 December 2022 1 6,980 1,913 72,124 81,018

CHRISTIE FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: SC189743)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 130,830
DEPRECIATION
At 1 January 2023 58,706
Charge for year 18,031
At 31 December 2023 76,737
NET BOOK VALUE
At 31 December 2023 54,093
At 31 December 2022 72,124

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 13,000
NET BOOK VALUE
At 31 December 2023 13,000
At 31 December 2022 13,000

The investment property is shown at cost. The director does not consider this to be materially different from its fair value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 7,901 18,901

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 14,938 19,914
Taxation and social security 93,911 60,360
Other creditors 63,980 78,750
183,477 169,672

CHRISTIE FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: SC189743)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Bank loans 14,300 24,197
Hire purchase contracts 28,590 43,528
42,890 67,725

10. SECURED DEBTS

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   
Bank loans 24,948 34,845
Hire purchase contracts 43,528 63,442
68,476 98,287

11. RELATED PARTY DISCLOSURES

The company leases its office from Merchant Investors Assurance Company Limited, with whom the director invests his pension.

12. ULTIMATE CONTROLLING PARTY

Mr P Christie, the Director of the company, and his spouse - Mrs C Christie - control the company as a result of controlling directly 80% of the issued share capital.