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REGISTERED NUMBER: 11372620 (England and Wales)















PENTINS FINANCIAL PLANNERS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






PENTINS FINANCIAL PLANNERS LTD (REGISTERED NUMBER: 11372620)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENTINS FINANCIAL PLANNERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Ms S J Secomb
Mr O Secomb





REGISTERED OFFICE: Canterbury Innovation Centre
University Road
Canterbury
Kent
CT2 7FG





REGISTERED NUMBER: 11372620 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

PENTINS FINANCIAL PLANNERS LTD (REGISTERED NUMBER: 11372620)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 110,000 137,500
Tangible assets 5 52,340 66,391
162,340 203,891

CURRENT ASSETS
Debtors 6 37,636 35,346
Cash at bank and in hand 3,812 20,911
41,448 56,257
CREDITORS
Amounts falling due within one year 7 (57,733 ) (56,422 )
NET CURRENT LIABILITIES (16,285 ) (165 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,055

203,726

CREDITORS
Amounts falling due after more than one
year

8

(22,500

)

(32,500

)
NET ASSETS 123,555 171,226

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 123,455 171,126
SHAREHOLDERS' FUNDS 123,555 171,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

PENTINS FINANCIAL PLANNERS LTD (REGISTERED NUMBER: 11372620)

BALANCE SHEET - continued
31 MARCH 2024


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 August 2024 and were signed on its behalf by:





Ms S J Secomb - Director


PENTINS FINANCIAL PLANNERS LTD (REGISTERED NUMBER: 11372620)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Pentins Financial Planners Ltd 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 2018, is being amortised evenly over its estimated useful life of ten years.

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.
Fixture & Fittings - 25% on reducing balance
Computer equipment - 25% 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 7 (2023 - 9 ) .

PENTINS FINANCIAL PLANNERS LTD (REGISTERED NUMBER: 11372620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 275,000
AMORTISATION
At 1 April 2023 137,500
Charge for year 27,500
At 31 March 2024 165,000
NET BOOK VALUE
At 31 March 2024 110,000
At 31 March 2023 137,500

5. TANGIBLE FIXED ASSETS
Fixture & Motor Computer
Fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 7,942 98,880 14,889 121,711
Additions 1,918 - 1,478 3,396
At 31 March 2024 9,860 98,880 16,367 125,107
DEPRECIATION
At 1 April 2023 4,133 42,841 8,346 55,320
Charge for year 1,432 14,010 2,005 17,447
At 31 March 2024 5,565 56,851 10,351 72,767
NET BOOK VALUE
At 31 March 2024 4,295 42,029 6,016 52,340
At 31 March 2023 3,809 56,039 6,543 66,391

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Pentins Financial Planning 2,348 -
Women's Wealth Ltd 35,000 35,000
Prepayments 288 346
37,636 35,346

PENTINS FINANCIAL PLANNERS LTD (REGISTERED NUMBER: 11372620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 17,133
Corporation Tax - 11,561
Social security and other taxes 2,581 2,387
PFPG Ltd 55,015 25,204
Directors' current accounts 137 137
57,733 56,422

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 22,500 32,500