2023-01-012023-12-312023-12-31false13039872T W HALL FINANCIAL PLANNING 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T W HALL FINANCIAL PLANNING LTD

Registered Number
13039872
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

T W HALL FINANCIAL PLANNING LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

HALL, Sarah
HALL, Thomas

Company Secretary

HALL, Sarah

Registered Address

2 Mulberry Way
Heathfield
TN21 8YN

Registered Number

13039872 (England and Wales)
T W HALL FINANCIAL PLANNING LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors255,834207,058
Current asset investments244,292170,211
Cash at bank and on hand10,60013,809
510,726391,078
Creditors amounts falling due within one year(2,932)(1,140)
Net current assets (liabilities)507,794389,938
Total assets less current liabilities507,794389,938
Net assets507,794389,938
Capital and reserves
Called up share capital100100
Revaluation reserve(34,031)(9,648)
Profit and loss account541,725399,486
Shareholders' funds3507,794389,938
The financial statements were approved and authorised for issue by the Board of Directors on 13 September 2024, and are signed on its behalf by:
HALL, Sarah
Director
Registered Company No. 13039872
T W HALL FINANCIAL PLANNING LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Investments
Listed investments are measured at fair value where the difference between cost and fair value is material. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20232022
Average number of employees during the year23
3.Revaluation reserve
The investment portfolio is valued by an independent investment manager, Interactive Investor Ltd.

£
Reserve at 01 January 23(9,648)
Revaluations of other assets(21,167)
Deferred Tax on Revaluations(3,216)
At 31 December 23(34,031)
4.Events after reporting date
Debtors include £235,000 (2022: £133,445) in respect of a deferred, contingent receipt due September 2024 from the contract of disposal of the client book signed in March 2022. The amount of the receipt was contingent on the levels of capital withdrawn by clients and plans cancelled/terminated prior to September 2024. The receipt has been recognised at its finalised amount as an adjusting post balance sheet event in accordance with FRS 102 p32.2(a). Given the receipt was neither virtually certain, nor was probable and could be measured reliably, it had not been recognised in the comparative year in accordance with FRS 102 p2.37 and p2.38. A further £14,550 deferred, contingent receipt due September 2024 has been attributed to work yet to be completed at the balance sheet date and has not been recognised.