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REGISTERED NUMBER: 05332327 (England and Wales)









Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Financial Profiles Limited

Financial Profiles Limited (Registered number: 05332327)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Financial Profiles Limited

Company Information
for the Year Ended 28 February 2025







DIRECTOR: G A Jones





SECRETARY: Mrs S C Jones





REGISTERED OFFICE: 3 St Georges Yard
Farnham
Surrey
GU9 7LW





REGISTERED NUMBER: 05332327 (England and Wales)





ACCOUNTANTS: Bullimores LLP
Chartered Accountants
Old Printers Yard
156 South Street
Dorking
Surrey
RH4 2HF

Financial Profiles Limited (Registered number: 05332327)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 49,841 54,329
Investments 6 350,784 310,225
400,625 364,554

CURRENT ASSETS
Debtors 7 150,976 149,028
Cash at bank 274,251 279,536
425,227 428,564
CREDITORS
Amounts falling due within one year 8 109,886 96,230
NET CURRENT ASSETS 315,341 332,334
TOTAL ASSETS LESS CURRENT
LIABILITIES

715,966

696,888

CREDITORS
Amounts falling due after more than one year 9 (23,024 ) (30,682 )

PROVISIONS FOR LIABILITIES (79,115 ) (52,421 )
NET ASSETS 613,827 613,785

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 237,346 228,896
Retained earnings 10 376,381 384,789
SHAREHOLDERS' FUNDS 613,827 613,785

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Financial Profiles Limited (Registered number: 05332327)

Balance Sheet - continued
28 February 2025


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 director and authorised for issue on 19 May 2025 and were signed by:





G A Jones - Director


Financial Profiles Limited (Registered number: 05332327)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Financial Profiles 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 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
Turnover represents commissions receivable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, has been fully amortized.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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

Financial Profiles Limited (Registered number: 05332327)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued

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 17 (2024 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2024
and 28 February 2025 100,000
AMORTISATION
At 1 March 2024
and 28 February 2025 100,000
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2024 26,039 59,230 81,241 166,510
Additions 9,737 - 5,211 14,948
At 28 February 2025 35,776 59,230 86,452 181,458
DEPRECIATION
At 1 March 2024 19,254 16,207 76,720 112,181
Charge for year 4,130 10,756 4,550 19,436
At 28 February 2025 23,384 26,963 81,270 131,617
NET BOOK VALUE
At 28 February 2025 12,392 32,267 5,182 49,841
At 29 February 2024 6,785 43,023 4,521 54,329

Financial Profiles Limited (Registered number: 05332327)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2024 310,225
Revaluations 40,559
At 28 February 2025 350,784
NET BOOK VALUE
At 28 February 2025 350,784
At 29 February 2024 310,225

Cost or valuation at 28 February 2025 is represented by:

Other
investments
£   
Valuation in 2021 141,069
Valuation in 2022 79,475
Valuation in 2023 34,048
Valuation in 2024 55,633
Valuation in 2025 40,559
350,784

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Other debtors 513 1,744
Accrued income 135,400 132,700
Prepayments 15,063 14,584
150,976 149,028

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Hire purchase contracts 7,658 7,658
Trade creditors 13,595 10,811
Tax 70,044 65,120
Social security and other taxes 12,427 10,665
Other creditors 4,086 -
Directors' current accounts 76 76
Accrued expenses 2,000 1,900
109,886 96,230

Financial Profiles Limited (Registered number: 05332327)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.25 29.2.24
£    £   
Hire purchase contracts 23,024 30,682

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2024 384,789 228,896 613,685
Profit for the year 230,042 230,042
Dividends (230,000 ) (230,000 )
Transfer between reserves (8,450 ) 8,450 -
At 28 February 2025 376,381 237,346 613,727

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G A Jones.

12. SHARE-BASED PAYMENT TRANSACTIONS

During the year, the company has issued share options over 6 shares under an approved Enterprise Management Incentive scheme. No adjustment has been made in the accounts in respect of this as the options were issued at fair market value.

13. ASSESSMENT BY DIRECTOR OF GOING CONCERN STATUS

The director has considered the going concern status of the company in the directors report.