REGISTERED NUMBER: |
Professional Financial Centre (Cornwall) |
Limited |
Unaudited Financial Statements |
for the Year Ended 31st December 2024 |
REGISTERED NUMBER: |
Professional Financial Centre (Cornwall) |
Limited |
Unaudited Financial Statements |
for the Year Ended 31st December 2024 |
Professional Financial Centre (Cornwall) |
Limited (Registered number: 04868939) |
Contents of the Financial Statements |
for the Year Ended 31st December 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Professional Financial Centre (Cornwall) |
Limited |
Company Information |
for the Year Ended 31st December 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
48 Arwenack Street |
Falmouth |
Cornwall |
TR11 3JH |
Professional Financial Centre (Cornwall) |
Limited (Registered number: 04868939) |
Statement of Financial Position |
31st December 2024 |
31.12.24 | 31.12.23 |
Notes | £ | £ |
FIXED ASSETS |
Goodwill | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Professional Financial Centre (Cornwall) |
Limited (Registered number: 04868939) |
Statement of Financial Position - continued |
31st December 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Professional Financial Centre (Cornwall) |
Limited (Registered number: 04868939) |
Notes to the Financial Statements |
for the Year Ended 31st December 2024 |
1. | STATUTORY INFORMATION |
Professional Financial Centre (Cornwall) 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 financial statements cover a single entity. |
The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements have been rounded to the nearest Pound. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents invoiced sale of services and commission receivable. The company is not registered for VAT and therefore the turnover does not include VAT. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised evenly over its estimated life of 10 years. |
Tangible fixed assets |
Fixtures, fittings and equipment | - |
Pension costs and other post-retirement benefits |
The company makes contributions to employees' own personal pensions. The contributions are charged to the profit and loss account in the period to which they relate. |
Deferred taxation |
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. |
Tax deferred or accelerated is accounted for in respect of all timing differences. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Professional Financial Centre (Cornwall) |
Limited (Registered number: 04868939) |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2024 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1st January 2024 |
and 31st December 2024 |
AMORTISATION |
At 1st January 2024 |
and 31st December 2024 |
NET BOOK VALUE |
At 31st December 2024 |
At 31st December 2023 |
5. | TANGIBLE FIXED ASSETS |
Fixtures, |
fittings |
and |
equipment |
£ |
COST |
At 1st January 2024 |
Additions |
Disposals | ( |
) |
At 31st December 2024 |
DEPRECIATION |
At 1st January 2024 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31st December 2024 |
NET BOOK VALUE |
At 31st December 2024 |
At 31st December 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Trade debtors |
Prepayments |
Professional Financial Centre (Cornwall) |
Limited (Registered number: 04868939) |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Tax |
Other creditors |
Accruals and deferred income |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.12.24 | 31.12.23 |
£ | £ |
Within one year |
Between one and five years |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.24 | 31.12.23 |
value: | £ | £ |
Ordinary 'A' | £1 | 5,551 | 6,661 |
(31.12.23 - 6,661 ) |
Ordinary 'B' | £1 | 5 | 6 |
(31.12.23 - 6 ) |
5,556 | 6,667 |