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REGISTERED NUMBER: 09452800 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

P & F S Advisory Limited

P & F S Advisory Limited (Registered number: 09452800)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

P & F S Advisory Limited

Company Information
for the Year Ended 5 April 2024







DIRECTOR: Mr P Draycott





REGISTERED OFFICE: Rowan House
7 West Bank
Scarborough
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 09452800 (England and Wales)





ACCOUNTANTS: Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

P & F S Advisory Limited (Registered number: 09452800)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 715,739 -

CURRENT ASSETS
Debtors 5 397 274,101
Cash at bank 36,145 530,993
36,542 805,094
CREDITORS
Amounts falling due within one year 6 3,016 99,322
NET CURRENT ASSETS 33,526 705,772
TOTAL ASSETS LESS CURRENT
LIABILITIES

749,265

705,772

CAPITAL AND RESERVES
Called up share capital 4 4
Fair value reserve 7 30,493 -
Retained earnings 718,768 705,768
SHAREHOLDERS' FUNDS 749,265 705,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2024 and were signed by:





Mr P Draycott - Director


P & F S Advisory Limited (Registered number: 09452800)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

P & F S Advisory 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

P & F S Advisory Limited (Registered number: 09452800)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 685,246
Revaluations 30,493
At 5 April 2024 715,739
NET BOOK VALUE
At 5 April 2024 715,739

Cost or valuation at 5 April 2024 is represented by:

Other
investments
£   
Valuation in 2024 30,493
Cost 685,246
715,739

If fixed asset investments had not been revalued they would have been included at the following historical cost:

5.4.24 5.4.23
£    £   
Cost 685,246 -

Fixed asset investments were valued on an open market basis on 5 April 2024 by Rothschild & Co .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors - 274,101
Other debtors 397 -
397 274,101

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Taxation and social security 2,177 96,674
Other creditors 839 2,648
3,016 99,322

P & F S Advisory Limited (Registered number: 09452800)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

7. RESERVES
Fair
value
reserve
£   
Revaluation reserve 30,493

At 5 April 2024 30,493

P & F S Advisory Limited

Report of the Accountants to the Director of
P & F S Advisory Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 5 April 2024 set out on pages two to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX


28 October 2024