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REGISTERED NUMBER: 02403288 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 August 2024

for

HORSHAM FINANCIAL SERVICES LTD

HORSHAM FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02403288)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HORSHAM FINANCIAL SERVICES LTD

Company Information
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: D G Hanbury
D S Hanbury





SECRETARY: D G Hanbury





REGISTERED OFFICE: Littlehaven House
24-26 Littlehaven Lane
Horsham
West Sussex
RH12 4HT





REGISTERED NUMBER: 02403288 (England and Wales)





ACCOUNTANTS: Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

HORSHAM FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02403288)

Statement of Financial Position
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 8,641 5,042
Investments 5 2,523,667 1,834,199
2,532,308 1,839,241

CURRENT ASSETS
Debtors 6 96,102 78,309
Cash at bank 685,489 1,192,729
781,591 1,271,038
CREDITORS
Amounts falling due within one year 7 717,417 1,091,404
NET CURRENT ASSETS 64,174 179,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,596,482

2,018,875

PROVISIONS FOR LIABILITIES 117,513 67,336
NET ASSETS 2,478,969 1,951,539

CAPITAL AND RESERVES
Called up share capital 8 2,500 2,500
Retained earnings 2,476,469 1,949,039
SHAREHOLDERS' FUNDS 2,478,969 1,951,539

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

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

HORSHAM FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02403288)

Statement of Financial Position - continued
31 AUGUST 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by:





D G Hanbury - Director


HORSHAM FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02403288)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Horsham Financial Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Fixed asset investments
Fixed asset investments are stated at open market value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

HORSHAM FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02403288)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 92,599 7,272 99,871
Additions - 7,854 7,854
At 31 August 2024 92,599 15,126 107,725
DEPRECIATION
At 1 September 2023 90,092 4,737 94,829
Charge for year 827 3,428 4,255
At 31 August 2024 90,919 8,165 99,084
NET BOOK VALUE
At 31 August 2024 1,680 6,961 8,641
At 31 August 2023 2,507 2,535 5,042

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 September 2023 1,834,199
Additions 578,455
Revaluations 111,013
At 31 August 2024 2,523,667
NET BOOK VALUE
At 31 August 2024 2,523,667
At 31 August 2023 1,834,199

Cost or valuation at 31st August, 2024, is represented by:

31.8.24 31.8.23
£ £
Cost 2,057,910 1,479,455
Revaluations 465,757 354,744
Market Value 2,523,667 1,834,199

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 88,345 71,868
Other debtors 7,757 6,441
96,102 78,309

HORSHAM FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02403288)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Corporation Tax 191,360 143,617
Social security and other taxes 1,974 2,228
Directors' current accounts 521,480 942,955
Accruals and deferred income 2,603 2,604
717,417 1,091,404

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2,500 Ordinary shares £1 2,500 2,500

9. RELATED PARTY DISCLOSURES

DSH Wealth Management Limited is a trading company in which Mr D S Hanbury is a director and significant shareholder. Mr D S Hanbury is also a director and shareholder of Horsham Financial Services Limited. During the year under review, commissions and fees payable include £295,612 (2023: £261,234) paid to DSH Wealth Management Limited.

During the year under review Horsham Financial Services Limited was under the control of Mr D G Hanbury, a director and significant shareholder.