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Registered number: 05076888
Sound Financial Planning Group Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
FB Accountancy Services Limited
Unit 16, Heronsgate Trading Estate
Paycocke Road
Basildon
Essex
SS14 3EU
Unaudited Financial Statements
Contents
Page
Accountant's Report 1
Statement of Financial Position 2
Notes to the Financial Statements 3—4
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Sound Financial Planning Group Ltd For The Year Ended 30 April 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Sound Financial Planning Group Ltd which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Sound Financial Planning Group Ltd , as a body, in accordance with the terms of our engagement letter dated 19 July 2021. Our work has been undertaken solely to prepare for your approval the accounts of Sound Financial Planning Group Ltd and state those matters that we have agreed to state to the directors of Sound Financial Planning Group Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sound Financial Planning Group Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Sound Financial Planning Group Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Sound Financial Planning Group Ltd . You consider that Sound Financial Planning Group Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sound Financial Planning Group Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
22/08/2024
FB Accountancy Services Limited
Chartered Certified Accountants
Unit 16, Heronsgate Trading Estate
Paycocke Road
Basildon
Essex
SS14 3EU
Page 1
Page 2
Statement of Financial Position
Registered number: 05076888
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 3 100 100
100 100
CURRENT ASSETS
Cash at bank and in hand 9,433 9,262
9,433 9,262
Creditors: Amounts Falling Due Within One Year 4 (8,733 ) (8,460 )
NET CURRENT ASSETS (LIABILITIES) 700 802
TOTAL ASSETS LESS CURRENT LIABILITIES 800 902
NET ASSETS 800 902
CAPITAL AND RESERVES
Called up share capital 5 95 95
Income Statement 705 807
SHAREHOLDERS' FUNDS 800 902
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Andrew Hall
Director
21/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
1.3. Fixed asset investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
3. Investments
Subsidiaries
£
Cost
As at 1 May 2023 100
As at 30 April 2024 100
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 100
As at 1 May 2023 100
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 8,733 8,460
8,733 8,460
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 95 95
6. Related Party Transactions
Sound Financial Planning LimitedA subsidiary company.During the period net dividends amounting to £242,000 (2023: £132,000) were received from Sound Financial Planning Ltd.

Sound Financial Planning Limited

A subsidiary company.

During the period net dividends amounting to £242,000 (2023: £132,000) were received from Sound Financial Planning Ltd.

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7. General Information
Sound Financial Planning Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05076888 . The registered office is 16 Heronsgate Trading Estate, Paycocke Road, Basildon, Essex, SS14 3EU.
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