Registered number
15131052
Hamilton Pullen Financial Planning Ltd
Unaudited Filleted Accounts
30 September 2024
Hamilton Pullen Financial Planning Ltd
Registered number: 15131052
Balance Sheet
as at 30 September 2024
Notes 2024
£
Fixed assets
Intangible assets 3 220,563
Tangible assets 4 3,990
224,553
Current assets
Debtors 5 19,208
Cash at bank and in hand 454
19,662
Creditors: amounts falling due within one year 6 (30,628)
Net current liabilities (10,966)
Total assets less current liabilities 213,587
Creditors: amounts falling due after more than one year 7 (219,161)
Net liabilities (5,574)
Capital and reserves
Called up share capital 1
Profit and loss account (5,575)
Shareholders' funds (5,574)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms T Pullen
Director
Approved by the board on 6 June 2025
Hamilton Pullen Financial Planning Ltd
Notes to the Accounts
for the period from 11 September 2023 to 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling with is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Intangible fixed assets £
Goodwill:
Cost
Additions 242,822
At 30 September 2024 242,822
Amortisation
Provided during the period 22,259
At 30 September 2024 22,259
Net book value
At 30 September 2024 220,563
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 5,177
At 30 September 2024 5,177
Depreciation
Charge for the period 1,187
At 30 September 2024 1,187
Net book value
At 30 September 2024 3,990
5 Debtors 2024
£
Deferred tax asset 21
Other debtors 19,187
19,208
6 Creditors: amounts falling due within one year 2024
£
Bank loans and overdrafts 12,772
Trade creditors 4,323
Taxation and social security costs 4,169
Other creditors 9,364
30,628
7 Creditors: amounts falling due after one year 2024
£
Bank loans 219,161
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Director
Interest charged at HMRC's official rate, repayable on demand - 45,421 (33,108) 12,313
- 45,421 (33,108) 12,313
9 Other information
Hamilton Pullen Financial Planning Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
Hamilton Pullen Financial Planning Ltd 15131052 false 2023-09-11 2024-09-30 2024-09-30 VT Final Accounts July 2024 Ms T Pullen No description of principal activity 15131052 2023-09-11 2024-09-30 15131052 bus:PrivateLimitedCompanyLtd 2023-09-11 2024-09-30 15131052 bus:AuditExemptWithAccountantsReport 2023-09-11 2024-09-30 15131052 bus:Director40 2023-09-11 2024-09-30 15131052 1 2023-09-11 2024-09-30 15131052 core:Goodwill 2023-09-11 2024-09-30 15131052 bus:Director1 2023-09-11 2024-09-30 15131052 bus:Director1 1 2023-09-11 2024-09-30 15131052 countries:England 2023-09-11 2024-09-30 15131052 bus:FRS102 2023-09-11 2024-09-30 15131052 bus:FilletedAccounts 2023-09-11 2024-09-30 15131052 2024-09-30 15131052 core:WithinOneYear 2024-09-30 15131052 core:AfterOneYear 2024-09-30 15131052 core:ShareCapital 2024-09-30 15131052 core:RetainedEarningsAccumulatedLosses 2024-09-30 15131052 core:Goodwill 2024-09-30 15131052 2023-09-10 15131052 bus:Director1 1 2023-09-10 iso4217:GBP xbrli:pure