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REGISTERED NUMBER: 12037345 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

TALLOW FINANCIAL PLANNING LIMITED

TALLOW FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 12037345)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 6

TALLOW FINANCIAL PLANNING LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: L J Henfrey





REGISTERED OFFICE: Innovation House
South Church Enterprise Park
Bishop Auckland
Co. Durham
DL14 6XB





REGISTERED NUMBER: 12037345 (England and Wales)





ACCOUNTANTS: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

TALLOW FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 12037345)

Abridged Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,645 4,829
Investments 5 529,088 436,420
532,733 441,249

CURRENT ASSETS
Debtors 9,633 3,960
Cash at bank and in hand 120,459 72,074
130,092 76,034
CREDITORS
Amounts falling due within one year 185,950 119,110
NET CURRENT LIABILITIES (55,858 ) (43,076 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

476,875

398,173

PROVISIONS FOR LIABILITIES - 1,280
NET ASSETS 476,875 396,893

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings 472,875 392,893
476,875 396,893

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 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.

TALLOW FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 12037345)

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 October 2024 and were signed by:





L J Henfrey - Director


TALLOW FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 12037345)

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

1. STATUTORY INFORMATION

Tallow Financial Planning 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared under the going concern basis of accounting.

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% on reducing balance
Computer equipment - 20% on reducing balance

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 2 (2023 - 2 ) .

TALLOW FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 12037345)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 7,717
Additions 629
Disposals (1,328 )
At 30 June 2024 7,018
DEPRECIATION
At 1 July 2023 2,888
Charge for year 1,039
Eliminated on disposal (554 )
At 30 June 2024 3,373
NET BOOK VALUE
At 30 June 2024 3,645
At 30 June 2023 4,829

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 July 2023 436,420
Additions 690,896
Disposals (650,908 )
Revaluations 52,680
At 30 June 2024 529,088
NET BOOK VALUE
At 30 June 2024 529,088
At 30 June 2023 436,420

Cost or valuation at 30 June 2024 is represented by:
Totals
£   
Valuation in 2022 (10,904 )
Valuation in 2023 (16,659 )
Valuation in 2024 52,680
Cost 503,971
529,088

Accountants' Report to the Director
on the Unaudited Financial Statements of
Tallow Financial Planning 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 Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tallow Financial Planning Limited for the year ended 30 June 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm 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/rulebook.

This report is made solely to the director of Tallow Financial Planning Limited in accordance with the terms of our engagement letter dated 11 September 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Tallow Financial Planning Limited and state those matters that we have agreed to state to the director of Tallow Financial Planning Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Tallow Financial Planning Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tallow Financial Planning Limited. You consider that Tallow Financial Planning Limited 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 financial statements of Tallow Financial Planning Limited. 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 statutory financial statements.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


31 October 2024