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COMPANY REGISTRATION NUMBER: 04463931
HCR Independent Financial Advisers Limited
Filleted Unaudited Financial Statements
31 March 2025
HCR Independent Financial Advisers Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
£
Fixed assets
Tangible assets
5
1,753
2,338
Current assets
Debtors
6
10,618
13,151
Cash at bank and in hand
291,637
175,490
---------
---------
302,255
188,641
Creditors: amounts falling due within one year
7
43,074
40,323
---------
---------
Net current assets
259,181
148,318
---------
---------
Total assets less current liabilities
260,934
150,656
Provisions
Taxation including deferred tax
438
685
---------
---------
Net assets
260,496
149,971
---------
---------
Capital and reserves
Called up share capital
8
1,010
1,010
Capital redemption reserve
10
10
Profit and loss account
259,476
148,951
---------
---------
Shareholders funds
260,496
149,971
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
HCR Independent Financial Advisers Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 23 May 2025 , and are signed on behalf of the board by:
S L Piacenti
D G Walker
Director
Director
Company registration number: 04463931
HCR Independent Financial Advisers Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 The Green, London, E4 7EX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents fees and commission received and receivable as at 31 March.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
25% reducing balance
Computers
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).
5. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 April 2024 and 31 March 2025
9,289
18,242
27,531
-------
--------
--------
Depreciation
At 1 April 2024
8,952
16,241
25,193
Charge for the year
85
500
585
-------
--------
--------
At 31 March 2025
9,037
16,741
25,778
-------
--------
--------
Carrying amount
At 31 March 2025
252
1,501
1,753
-------
--------
--------
At 31 March 2024
337
2,001
2,338
-------
--------
--------
6. Debtors
2025
2024
£
£
Other debtors
10,618
13,151
--------
--------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Accruals and deferred income
5,832
6,651
Corporation tax
37,242
33,672
--------
--------
43,074
40,323
--------
--------
8. Called up share capital
Authorised share capital
2025
2024
No.
£
No.
£
Ordinary A shares of £ 1 each
50,000
50,000
50,000
50,000
Ordinary B shares of £ 1 each
25,000
25,000
25,000
25,000
--------
--------
--------
--------
75,000
75,000
75,000
75,000
--------
--------
--------
--------
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary A shares of £ 1 each
1,000
1,000
1,000
1,000
Ordinary B shares of £ 1 each
10
10
10
10
-------
-------
-------
-------
1,010
1,010
1,010
1,010
-------
-------
-------
-------
All class of shares rank equal.
9. Controlling party
The ultimate controlling party is DGS Enterprises Limited, whose registered office is 2 The Green, London E4 7EX.