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Company Registration No. 11158259 (England and Wales)
HYLAND FINANCIAL PLANNING LTD Unaudited accounts for the year ended 31 December 2024
HYLAND FINANCIAL PLANNING LTD Unaudited accounts Contents
Page
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HYLAND FINANCIAL PLANNING LTD Company Information for the year ended 31 December 2024
Director
Mr Paul Hyland
Company Number
11158259 (England and Wales)
Registered Office
Skinner House 38 Bell Street Reigate RH2 7BA
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HYLAND FINANCIAL PLANNING LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,827 
8,827 
Tangible assets
5,826 
6,155 
Investments
48,000 
48,000 
62,653 
62,982 
Current assets
Debtors
103,314 
- 
Creditors: amounts falling due within one year
(58,067)
35,982 
Net current assets
45,247 
35,982 
Total assets less current liabilities
107,900 
98,964 
Creditors: amounts falling due after more than one year
(28,942)
(39,591)
Net assets
78,958 
59,373 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
78,957 
59,372 
Shareholders' funds
78,958 
59,373 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 May 2025 and were signed on its behalf by
Mr Paul Hyland Director Company Registration No. 11158259
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HYLAND FINANCIAL PLANNING LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
HYLAND FINANCIAL PLANNING LTD is a private company, limited by shares, registered in England and Wales, registration number 11158259. The registered office is Skinner House, 38 Bell Street, Reigate, RH2 7BA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Going concern
The financial statements have been prepared on a going concern basis.The companies ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Reducing balance - 25%
Computer equipment
Reducing balance - 25%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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HYLAND FINANCIAL PLANNING LTD Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
8,827 
At 31 December 2024
8,827 
Amortisation
At 1 January 2024
- 
At 31 December 2024
- 
Net book value
At 31 December 2024
8,827 
At 31 December 2023
8,827 
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
5,757 
6,891 
12,648 
Additions
1,350 
- 
1,350 
At 31 December 2024
7,107 
6,891 
13,998 
Depreciation
At 1 January 2024
2,825 
3,668 
6,493 
Charge for the year
874 
805 
1,679 
At 31 December 2024
3,699 
4,473 
8,172 
Net book value
At 31 December 2024
3,408 
2,418 
5,826 
At 31 December 2023
2,932 
3,223 
6,155 
6
Investments
Other investments 
£ 
Valuation at 1 January 2024
48,000 
Valuation at 31 December 2024
48,000 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
103,314 
- 
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HYLAND FINANCIAL PLANNING LTD Notes to the Accounts for the year ended 31 December 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
14,658 
1,026 
Trade creditors
11,408 
9,921 
Taxes and social security
38,849 
62,521 
Other creditors
(6,848)
(881)
Loans from directors
- 
(114,176)
Accruals
- 
5,607 
58,067 
(35,982)
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
28,942 
39,591 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Paul Hyland
Loans and advances
114,176 
103,314 
114,176 
103,314 
114,176 
103,314 
114,176 
103,314 
The director will repay this loans and advances amounting to GBP 103.314 within nine months from the balance sheet date.
12
Transactions with related parties
Dividends taken by Mr P Hyland from the company in the current year was £ 40,000 who is sole director and a shareholder holding 100% shares in the company.
13
Average number of employees
During the year the average number of employees was 4 (2023: 0).
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