IRIS Accounts Production v25.1.0.734 09479979 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh094799792024-03-31094799792025-03-31094799792024-04-012025-03-31094799792023-03-31094799792023-04-012024-03-31094799792024-03-3109479979ns15:EnglandWales2024-04-012025-03-3109479979ns14:PoundSterling2024-04-012025-03-3109479979ns10:Director12024-04-012025-03-3109479979ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3109479979ns10:SmallEntities2024-04-012025-03-3109479979ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3109479979ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3109479979ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3109479979ns10:FullAccounts2024-04-012025-03-310947997912024-04-012025-03-3109479979ns10:OrdinaryShareClass12024-04-012025-03-3109479979ns10:Director22024-04-012025-03-3109479979ns10:RegisteredOffice2024-04-012025-03-3109479979ns5:CurrentFinancialInstruments2025-03-3109479979ns5:CurrentFinancialInstruments2024-03-3109479979ns5:ShareCapital2025-03-3109479979ns5:ShareCapital2024-03-3109479979ns5:RetainedEarningsAccumulatedLosses2025-03-3109479979ns5:RetainedEarningsAccumulatedLosses2024-03-3109479979ns5:NetGoodwill2024-04-012025-03-3109479979ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3109479979ns5:PlantMachinery2024-04-012025-03-3109479979ns5:NetGoodwill2024-03-3109479979ns5:NetGoodwill2025-03-3109479979ns5:NetGoodwill2024-03-3109479979ns5:PlantMachinery2024-03-3109479979ns5:PlantMachinery2025-03-3109479979ns5:PlantMachinery2024-03-3109479979ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3109479979ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3109479979ns10:OrdinaryShareClass12025-03-31
REGISTERED NUMBER: 09479979 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

LATIMER FINANCIAL LIMITED

LATIMER FINANCIAL LIMITED (REGISTERED NUMBER: 09479979)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LATIMER FINANCIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: NG Hull
MJ Hull





REGISTERED OFFICE: 11 The Sorrels
Isham
Northamptonshire
NN14 1HU





REGISTERED NUMBER: 09479979 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

LATIMER FINANCIAL LIMITED (REGISTERED NUMBER: 09479979)

BALANCE SHEET
31ST MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 11,000
Tangible assets 5 1,315 2,808
11,315 13,808

CURRENT ASSETS
Debtors 6 186 186
Cash at bank 298,589 346,179
298,775 346,365
CREDITORS
Amounts falling due within one year 7 116,242 145,396
NET CURRENT ASSETS 182,533 200,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,848

214,777

PROVISIONS FOR LIABILITIES 329 702
NET ASSETS 193,519 214,075

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 193,419 213,975
SHAREHOLDERS' FUNDS 193,519 214,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

LATIMER FINANCIAL LIMITED (REGISTERED NUMBER: 09479979)

BALANCE SHEET - continued
31ST MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th May 2025 and were signed on its behalf by:





NG Hull - Director


LATIMER FINANCIAL LIMITED (REGISTERED NUMBER: 09479979)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025


1. STATUTORY INFORMATION

Latimer Financial 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historic cost basis.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty 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 each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

LATIMER FINANCIAL LIMITED (REGISTERED NUMBER: 09479979)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


2. ACCOUNTING POLICIES - continued

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors, and bank loans. Instruments such as trade debtors and creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2024
and 31st March 2025 20,000
AMORTISATION
At 1st April 2024 9,000
Charge for year 1,000
At 31st March 2025 10,000
NET BOOK VALUE
At 31st March 2025 10,000
At 31st March 2024 11,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2024
and 31st March 2025 6,718
DEPRECIATION
At 1st April 2024 3,910
Charge for year 1,493
At 31st March 2025 5,403
NET BOOK VALUE
At 31st March 2025 1,315
At 31st March 2024 2,808

LATIMER FINANCIAL LIMITED (REGISTERED NUMBER: 09479979)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 186 186

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 68,826 83,167
Taxation and social security 13,161 28,727
Other creditors 34,255 33,502
116,242 145,396

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The director's have ultimate control of the company.