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REGISTERED NUMBER: SC189743 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHRISTIE FINANCIAL PLANNING LIMITED

CHRISTIE FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: SC189743)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHRISTIE FINANCIAL PLANNING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: P Christie
M Christie



SECRETARY: C Christie



REGISTERED OFFICE: 20 Barns Street
AYR
Ayrshire
KA7 1XA



REGISTERED NUMBER: SC189743 (Scotland)



ACCOUNTANTS: Galbraith Pritchards
20 Barns Street
Ayr
Ayrshire
KA7 1XA



BANKERS: Royal Bank of Scotland
339 Byres Road
Glasgow
G12 8QP

CHRISTIE FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: SC189743)

BALANCE SHEET
31 DECEMBER 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 135,273 61,206
Investment property 6 13,000 13,000
148,273 74,206

CURRENT ASSETS
Debtors 7 28,206 7,901
Cash at bank 335,118 357,344
363,324 365,245
CREDITORS
Amounts falling due within one year 8 199,459 183,477
NET CURRENT ASSETS 163,865 181,768
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,138

255,974

CREDITORS
Amounts falling due after more than one
year

9

59,439

42,890
NET ASSETS 252,699 213,084

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 251,699 212,084
SHAREHOLDERS' FUNDS 252,699 213,084

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

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

CHRISTIE FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: SC189743)

BALANCE SHEET - continued
31 DECEMBER 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 2 March 2025 and were signed on its behalf by:





P Christie - Director


CHRISTIE FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: SC189743)

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


1. STATUTORY INFORMATION

Christie Financial Planning Limited is a private company, limited by shares , registered in Scotland. 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 represents direct commissions receivable, net of clawback payments in the period

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 five 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 20% on cost
Plant and machinery - At variable rates
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

A review of impairment is carried out at each reporting date. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

CHRISTIE FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: SC189743)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 252,000
AMORTISATION
At 1 January 2024
and 31 December 2024 252,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 6,786 14,086 4,230 130,830 155,932
Additions - 26,810 - 112,266 139,076
Disposals - - - (79,234 ) (79,234 )
At 31 December 2024 6,786 40,896 4,230 163,862 215,774
DEPRECIATION
At 1 January 2024 6,785 8,505 2,699 76,737 94,726
Charge for year - 4,311 306 35,322 39,939
Eliminated on disposal - - - (54,164 ) (54,164 )
At 31 December 2024 6,785 12,816 3,005 57,895 80,501
NET BOOK VALUE
At 31 December 2024 1 28,080 1,225 105,967 135,273
At 31 December 2023 1 5,581 1,531 54,093 61,206

CHRISTIE FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: SC189743)

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


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 130,830
Additions 112,266
Disposals (79,234 )
At 31 December 2024 163,862
DEPRECIATION
At 1 January 2024 76,737
Charge for year 35,322
Eliminated on disposal (54,164 )
At 31 December 2024 57,895
NET BOOK VALUE
At 31 December 2024 105,967
At 31 December 2023 54,093

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 13,000
NET BOOK VALUE
At 31 December 2024 13,000
At 31 December 2023 13,000

The investment property is shown at cost. The director does not consider this to be materially different from its fair value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 28,206 7,901

CHRISTIE FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: SC189743)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 38,882 14,938
Taxation and social security 116,543 93,911
Other creditors 33,386 63,980
199,459 183,477

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Bank loans 4,160 14,300
Hire purchase contracts 55,279 28,590
59,439 42,890

10. SECURED DEBTS

The following secured debts are included within creditors:

31/12/24 31/12/23
£    £   
Bank loans 14,808 24,948
Hire purchase contracts 94,161 43,528
108,969 68,476

11. RELATED PARTY DISCLOSURES

The company leases its office from Merchant Investors Assurance Company Limited, with whom the director invests his pension.

12. ULTIMATE CONTROLLING PARTY

Mr P Christie, the Director of the company, and his spouse - Mrs C Christie - control the company as a result of controlling directly 80% of the issued share capital.