Company registration number 03824520
Jeffreys Henry Financial Services Limited
Financial Statements
for the year ended 30 April 2023
Cavendish Bond
Chartered Accountants & Statutory Auditor
Bentinck House
3 - 8 Bolsover Street
London
W1W 6AB
Jeffreys Henry Financial Services Limited
Financial statements for the year ended 30 April 2023
Balance Sheet
Notes 2023 2022
£ £
Current assets
Debtors 4 10,236 24,935
Cash at bank and in hand - 408,950
10,236 433,885
Creditors: amounts falling due within one year 5 (63,657) (62,540)
Net current (liabilities)/assets (53,421) 371,345
Net (liabilities)/assets (53,421) 371,345
Capital and reserves
Called up share capital 2 2
Profit and loss account (53,423) 371,343
Shareholder's funds (53,421) 371,345
The financial statements have been prepared in accordance with the special provisions for small companies within Part 15 of the Companies Act 2006. The company's profit and loss account for the year has not been delivered to the Registrar of Companies.
These financial statements were approved by the board on 7 March 2025 and are signed on its behalf by
S Rawal
Director
Company registration number 03824520
Jeffreys Henry Financial Services Limited
Financial statements for the year ended 30 April 2023
Notes to the Financial Statements
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applicable to companies subject to the small entities regime.
Going concern
These financial statements have been prepared on the going concern basis.

On 30 October 2023 the company’s parent entity, Jeffreys Henry LLP, was placed into liquidation. The liquidator has asserted a claim over the company’s cash at bank, including amounts credited to the company’s bank account subsequent to 30 October 2023, based on legal advice that these amounts form part of the liquidation estate due to the structure of the company’s banking arrangements. The liquidator currently has control of the company’s cash at bank and the company therefore has no cash resources of its own.

Subsequent to 30 October 2023 the company has received financial support from related parties to enable it to meet its cash requirements however there is no guarantee that such support will continue to be available and the related parties have made no commitment to provide financial support on an ongoing basis.

The directors consider that this constitutes a material uncertainty in relation to going concern.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes commissions earned from the sale of financial products and services. Turnover from commissions is recognised when the sale of the corresponding financial product or service is completed.
Debtors
Short term debtors are measured at transaction price less any provision for bad and doubtful debts. Loans and other financial assets are initially recognised at fair value, taking account of any transaction costs, and are subsequently measured at amortised cost using the effective interest method, less any impairment losses.
Creditors
Short term creditors are measured at the transaction price. Loans and other financial liabilities are initially recognised at fair value, taking account of any transaction costs, and are subsequently measured at amortised cost using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument those financial instruments are classified as financial liabilities and are presented as such in the balance sheet.

Where the contractual terms of financial instruments do not meet the definition of a financial liability those financial instruments are classified as equity instruments. Dividends and other distributions relating to equity instruments are debited direct to equity.
2 Audit information
These accounts have been audited and an unqualified audit report issued as follows:
Auditor: Cavendish Bond Limited
Senior Statutory Auditor: Richard Tompkins
Audit report date: 7 March 2025
3 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
4 Debtors 2023 2022
£ £
Other debtors 10,236 24,935
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxes and social security costs 49,148 57,032
Other creditors 14,509 5,508
63,657 62,540
6 Events after the reporting date
On 30 October 2023 the company’s parent entity, Jeffreys Henry LLP, was placed into liquidation. The extent to which the company has a valid claim in the liquidation and the level of any dividend that will be payable to unsecured creditors remain uncertain. The amounts due to the company from Jeffreys Henry LLP at the balance sheet date have therefore been provided against in full in these financial statements.

Subsequent to the balance sheet date the balance due from Jeffreys Henry LLP has increased by £72,097, which is also likely to be fully or partially irrecoverable for the reasons set out above. No provision has been made in these financial statements in respect of this additional balance.
7 Parent entity
The company's immediate and ultimate parent entity is Jeffreys Henry LLP, whose registered office address is Resolve Advisory Limited, 22 York Buildings, London, WC2N 6JU. Jeffreys Henry LLP does not prepare consolidated financial statements.
8 Other information
Jeffreys Henry Financial Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Aldgate Tower
2 Leman Street
London
E1 8FA
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