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REGISTERED NUMBER: 13335193 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Partners Financial Services Limited

Partners Financial Services Limited (Registered number: 13335193)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Partners Financial Services Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A Davey
T S Brown





REGISTERED OFFICE: c/o Millward May and Co
The Overhangs
55A Peach Street
Wokingham
Berkshire
RG40 1XP





REGISTERED NUMBER: 13335193 (England and Wales)





ACCOUNTANTS: Millward, May & Co
The Overhangs
55a Peach Street
Wokingham
Berkshire
RG40 1XP

Partners Financial Services Limited (Registered number: 13335193)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,250 3,511

CURRENT ASSETS
Debtors 5 10,335 6,708
Cash at bank 120,558 134,073
130,893 140,781
CREDITORS
Amounts falling due within one year 6 64,647 62,503
NET CURRENT ASSETS 66,246 78,278
TOTAL ASSETS LESS CURRENT LIABILITIES 69,496 81,789

PROVISIONS FOR LIABILITIES 780 667
NET ASSETS 68,716 81,122

CAPITAL AND RESERVES
Called up share capital 8 300 300
Retained earnings 68,416 80,822
SHAREHOLDERS' FUNDS 68,716 81,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 31 October 2024 and were signed on its behalf by:





A Davey - Director


Partners Financial Services Limited (Registered number: 13335193)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Partners Financial Services 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.

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.

Fixtures and fittings - 20% reducing balance
Computer equipment - 3 year straight line

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. 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 or the lease term, whichever is the shorter.

3. EMPLOYEES AND DIRECTORS

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

Partners Financial Services Limited (Registered number: 13335193)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 870 3,586 4,456
Additions - 1,154 1,154
At 30 June 2024 870 4,740 5,610
DEPRECIATION
At 1 July 2023 131 814 945
Charge for year 147 1,268 1,415
At 30 June 2024 278 2,082 2,360
NET BOOK VALUE
At 30 June 2024 592 2,658 3,250
At 30 June 2023 739 2,772 3,511

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 299
Other debtors 10,335 6,409
10,335 6,708

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts - 10,908
Taxation and social security 37,518 34,123
Other creditors 27,129 17,472
64,647 62,503

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 6,162 -
Between one and five years 6,676 -
12,838 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary A 1 100 100
100 Ordinary B 1 100 100
100 Ordinary C 1 100 100
300 300

Partners Financial Services Limited (Registered number: 13335193)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. RELATED PARTY DISCLOSURES

During the period the directors maintained a loan account with the company. At the period end the company owed the directors £140 (2023 - £18).This loan is interest free, repayable on demand and shown
within other creditors.