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REGISTERED NUMBER: 04555216 (England and Wales)












Financial Statements

for the Year Ended 29 February 2024

for

Financial Planning Partners Limited

Financial Planning Partners Limited (Registered number: 04555216)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Financial Planning Partners Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: A J Hearne





SECRETARY: DB Corporate Limited





REGISTERED OFFICE: 1 Stanyards Courtyard
Stanyards Farm
Chertsey Road
Chobham
Surrey
GU24 8JE





REGISTERED NUMBER: 04555216 (England and Wales)





ACCOUNTANTS: Ahmad York Limited
Chartered Certified Accountants
1 Stanyards Courtyard
Stanyards Farm
Chertsey Road
Chobham
Surrey
GU24 8JE

Financial Planning Partners Limited (Registered number: 04555216)

Abridged Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 133,887 91,693
133,887 91,693

CURRENT ASSETS
Debtors 10,074 73,227
Investments 4 886
Cash at bank 56,729 91,225
66,807 165,338
CREDITORS
Amounts falling due within one year 113,429 82,673
NET CURRENT (LIABILITIES)/ASSETS (46,622 ) 82,665
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,265

174,358

CREDITORS
Amounts falling due after more than one
year

(71,819

)

(53,531

)

PROVISIONS FOR LIABILITIES (12,712 ) (3,002 )
NET ASSETS 2,734 117,825

CAPITAL AND RESERVES
Called up share capital 90 90
Capital redemption reserve 6 6
Retained earnings 2,638 117,729
SHAREHOLDERS' FUNDS 2,734 117,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Financial Planning Partners Limited (Registered number: 04555216)

Abridged Statement of Financial Position - continued
29 February 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 Statement of Financial Position for the year ended 29 February 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 6 November 2024 and were signed by:





A J Hearne - Director


Financial Planning Partners Limited (Registered number: 04555216)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Financial Planning Partners 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, has now been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Financial assets include investments which are valued at fair value.

The company only enters into basic financial instrument transactions in accordance with Section 11. Financial assets and liabilities are measured at cost and financial assets are assessed at the end of each reporting period for objective evidence of impairment.

Hire purchase and leasing commitments
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. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2023 - 6 ) .

Financial Planning Partners Limited (Registered number: 04555216)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 29 February 2024 138,000
AMORTISATION
At 1 March 2023
and 29 February 2024 138,000
NET BOOK VALUE

At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 120,533
Additions 78,091
Disposals (6,138 )
At 29 February 2024 192,486
DEPRECIATION
At 1 March 2023 28,840
Charge for year 33,285
Eliminated on disposal (3,526 )
At 29 February 2024 58,599
NET BOOK VALUE
At 29 February 2024 133,887
At 28 February 2023 91,693

Financial Planning Partners Limited (Registered number: 04555216)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 March 2023 75,225
Additions 34,140
At 29 February 2024 109,365
DEPRECIATION
At 1 March 2023 6,269
Charge for year 24,351
At 29 February 2024 30,620
NET BOOK VALUE
At 29 February 2024 78,745
At 28 February 2023 68,956

6. CAPITAL COMMITMENTS

At the year end the company had commitments, guarantees and contingencies totalling £277,833 (2023: £89,975).