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REGISTERED NUMBER: 11074650 (England and Wales)


















Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 January 2025

for

Landmark Financial Group Limited

Landmark Financial Group Limited (Registered number: 11074650)






Contents of the Consolidated Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Consolidated Statement of Comprehensive Income 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Statement of Changes in Equity 12

Company Statement of Changes in Equity 13

Consolidated Cash Flow Statement 14

Notes to the Consolidated Cash Flow Statement 15

Notes to the Consolidated Financial Statements 16


Landmark Financial Group Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: K A Mullins
R G Peace
P J Tordoff
M Clark





REGISTERED OFFICE: Wardens House
4 Broad Street
Stamford
PE9 1PB





REGISTERED NUMBER: 11074650 (England and Wales)





AUDITORS: Xeinadin Audit Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Landmark Financial Group Limited (Registered number: 11074650)

Group Strategic Report
for the Year Ended 31 January 2025

The directors present their strategic report of the company and the group for the year ended 31 January 2025.

REVIEW OF BUSINESS
The Company, through its ownership of Landmark IFA Ltd, continues to offer independent financial advice to private clients and businesses. Fees are generated for providing such advice, which is delivered by qualified advisers. The firm took the decision to cease discretionary fund management activities in March 2025.

KEY PERFORMANCE INDICATORS
Gross revenue, client numbers and adviser numbers are key performance indicators for the business. All KPIs demonstrate a robust and realistic business plan.

FUTURE DEVELOPMENTS
Due to an increasing regulatory burden, many small firms will need to consider joining larger firms in the near future. Landmark is particularly well placed to take advantage of this circumstance and the business will continue to seek high quality firms for acquisition. In April 2025, Landmark completed the acquisition of BBI Financial Planning Ltd. Recruitment of advisers working presently in restricted advice firms will become an area of focus. Several acquisition targets and recruitment opportunities are currently in the pipeline.

PRINCIPAL RISKS AND UNCERTAINTIES
Business performance is contingent on the confidence shown by our investors in the advice and service we provide, as much as it is in their confidence that investment markets will continue to offer value. If this confidence was eroded, then business performance could suffer.

Reputational damage caused by large (national) firms' failure to deliver ongoing service, and potential redress fees of £400m plus, cause great scrutiny to be placed on all regulated firms, which could result in a lack of confidence in financial advice more widely. Firms will need to provide evidence that an ongoing service is justified and is being delivered, otherwise they may face regulatory scrutiny and loss of client confidence.

Potential new, low cost entrants, such as tech giants with a loyal client base, and automated advice, supported by artificial intelligence, could see traditional firms' margins reduced in order to compete with these potential new entrants.

SECTION 172(1) STATEMENT
The Landmark Board have considered the requirements of Section 172(1) reporting in the preparation of these financial statements. In making any key decision, the Board will always take into consideration the following factors:

a) the likely consequences of any decision in the short, mid and long term,
b) the interests of the company's employees are measured and considered,
c) the need to foster the company's business relationships with suppliers, clients, and any interaction with third
party business partners,
d) the impact of the company's operations on the local community and general environment,
e) the desirability of the company and its officers maintaining a strong reputation for high standards of business
conduct and ethics,
f) the need to act fairly and without favour, and to be seen to do so, with all employees.

The Board consider key decisions in the context of the above areas and record how these decisions have been made. Key decisions are defined as those listed as principal agenda items at Landmark Board meetings.

The Landmark Board meet regularly throughout the year, both in person when appropriate, but also by zoom meeting. Therefore, all decisions are discussed in depth and considerations and conclusions recorded in the minutes. Landmark will continue to operate within all regulatory guidelines.

The following are some examples of the Landmark Board engagements that have taken place during the current financial year:


Landmark Financial Group Limited (Registered number: 11074650)

Group Strategic Report
for the Year Ended 31 January 2025


Our People
Our team are critical to the delivery of a positive client experience across all aspects of our business. This has been recognised for a long period of time but has been brought more into focus because of the pandemic. The business has significantly increased engagement with team members, through multiple communications channels, frequent business updates and through regular team meetings. Wherein not only are business decisions influenced, but where the contribution of each team member is recognised and encouraged. The cascading of business plans and initiatives are tabled, and increased value of 'listening sessions' are at the forefront to focus on increased health and wellbeing support for team members.

Our Directors
Our Directors have been associated with the Landmark Group and business for over 20 years and their experience and industry knowledge are critical to shaping the future of their company. Their views are of paramount importance and value in all decision making. The initiatives and considerations are tabled to the Landmark Board and create the backbone for all future strategic and directional decision making. Our previous Compliance and Ops director retired and was replaced in that role by an existing director. A further appointment to the board was made on 11 November 2024.

Shareholders
From 28 July 2023 the Landmark Group Employee Ownership Trust (the 'EOT') holds all of the issued share capital of the company. The shares are held for the benefit of the employees of the group. The EOT is dependent on the company making gifts to it to enable it to settle the liability to the former shareholders. The arrangement is more fully explained in note 2 to the accounts.

Employee participation
All employees have an interest in the ownership of the company by virtue of the fact that the company is wholly owned by an EOT.

Our Clients
Our clients show great confidence in allowing the firm to manage their wealth, which can be substantial. We fully understand the importance of open, honest and transparent dealings with our investor clients.

Premises
Landmark continues to operate form Warden's House.

ON BEHALF OF THE BOARD:





K A Mullins - Director


28 May 2025

Landmark Financial Group Limited (Registered number: 11074650)

Report of the Directors
for the Year Ended 31 January 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 January 2025.

DIVIDENDS
No dividends will be distributed for the year ended 31 January 2025.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2024 to the date of this report.

K A Mullins
R G Peace
P J Tordoff

Other changes in directors holding office are as follows:

R C Martin - resigned 24 July 2024
S A Mullins - resigned 5 December 2024
M Clark - appointed 11 November 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

Landmark Financial Group Limited (Registered number: 11074650)

Report of the Directors
for the Year Ended 31 January 2025


AUDITORS
The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





K A Mullins - Director


28 May 2025

Report of the Independent Auditors to the Members of
Landmark Financial Group Limited (Registered number: 11074650)

Opinion
We have audited the financial statements of Landmark Financial Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 January 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 January 2025 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Landmark Financial Group Limited (Registered number: 11074650)


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- enquiry of management, those charged with governance and the entity’s solicitors around actual and potential
litigation and claims;
- enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and
regulations;
- reviewing minutes of meetings of those charged with governance;
- reviewing financial statement disclosures and testing to supporting documentation to assess compliance with
applicable laws and regulations;
- performing audit work over the risk of management override of controls, including testing of journal entries and
other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the
normal course of business and reviewing accounting estimates for bias.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Landmark Financial Group Limited (Registered number: 11074650)


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Jeffrey Stanley FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

28 May 2025

Landmark Financial Group Limited (Registered number: 11074650)

Consolidated
Statement of Comprehensive
Income
for the Year Ended 31 January 2025

31.1.25 31.1.24
Notes £    £   

TURNOVER 6,191,030 5,747,524

Cost of sales 4,960,036 4,692,813
GROSS PROFIT 1,230,994 1,054,711

Administrative expenses 1,071,027 945,597
OPERATING PROFIT 4 159,967 109,114

Interest receivable and similar income 10,583 3,814
170,550 112,928

Interest payable and similar expenses 5 39,878 28,728
PROFIT BEFORE TAXATION 130,672 84,200

Tax on profit 6 33,023 21,193
PROFIT FOR THE FINANCIAL YEAR 97,649 63,007

Landmark Financial Group Limited (Registered number: 11074650)

Consolidated Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 8 41,597 45,319
Investments 9 - -
41,597 45,319

CURRENT ASSETS
Debtors 10 1,411,539 846,355
Cash at bank 373,766 665,769
1,785,305 1,512,124
CREDITORS
Amounts falling due within one year 11 1,263,356 914,167
NET CURRENT ASSETS 521,949 597,957
TOTAL ASSETS LESS CURRENT
LIABILITIES

563,546

643,276

CREDITORS
Amounts falling due after more than one
year

12

(69,517

)

(96,154

)

PROVISIONS FOR LIABILITIES 16 (9,541 ) (10,283 )
NET ASSETS 484,488 536,839

CAPITAL AND RESERVES
Called up share capital 17 2,262 2,262
Capital redemption reserve 18 443 443
Merger reserve 18 381,324 381,324
Retained earnings 18 100,459 152,810
SHAREHOLDERS' FUNDS 484,488 536,839

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





K A Mullins - Director


Landmark Financial Group Limited (Registered number: 11074650)

Company Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 8 - -
Investments 9 2,705 2,705
2,705 2,705

CURRENT ASSETS
Debtors 10 333,333 57,591
Cash at bank 294 3,803
333,627 61,394
CREDITORS
Amounts falling due within one year 11 285,295 4,801
NET CURRENT ASSETS 48,332 56,593
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,037

59,298

CAPITAL AND RESERVES
Called up share capital 17 2,262 2,262
Capital redemption reserve 18 443 443
Retained earnings 18 48,332 56,593
SHAREHOLDERS' FUNDS 51,037 59,298

Company's profit for the financial year 141,739 331,634

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





K A Mullins - Director


Landmark Financial Group Limited (Registered number: 11074650)

Consolidated Statement of Changes in Equity
for the Year Ended 31 January 2025

Called up Capital
share Retained redemption Merger Total
capital earnings reserve reserve equity
£    £    £    £    £   
Balance at 1 February 2023 2,262 421,418 443 381,324 805,447

Changes in equity
Total comprehensive income - 63,007 - - 63,007
Gift to EOT - (331,615 ) - - (331,615 )
Balance at 31 January 2024 2,262 152,810 443 381,324 536,839

Changes in equity
Total comprehensive income - 97,649 - - 97,649
Gift to EOT - (150,000 ) - - (150,000 )
Balance at 31 January 2025 2,262 100,459 443 381,324 484,488

Landmark Financial Group Limited (Registered number: 11074650)

Company Statement of Changes in Equity
for the Year Ended 31 January 2025

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 February 2023 2,262 56,574 443 59,279

Changes in equity
Total comprehensive income - 331,634 - 331,634
Gift to EOT - (331,615 ) - (331,615 )
Balance at 31 January 2024 2,262 56,593 443 59,298

Changes in equity
Total comprehensive income - 141,739 - 141,739
Gift to EOT - (150,000 ) - (150,000 )
Balance at 31 January 2025 2,262 48,332 443 51,037

Landmark Financial Group Limited (Registered number: 11074650)

Consolidated Cash Flow Statement
for the Year Ended 31 January 2025

31.1.25 31.1.24
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 70,098 341,678
Interest paid (39,878 ) (28,728 )
Tax paid (20,479 ) (50,409 )
Net cash from operating activities 9,741 262,541

Cash flows from investing activities
Purchase of tangible fixed assets (8,605 ) (2,147 )
Interest received 10,583 3,814
Net cash from investing activities 1,978 1,667

Cash flows from financing activities
New loans in year - 100,000
Loan repayments in year (24,562 ) (14,904 )
Amount introduced by directors - 249,592
Amount withdrawn by directors (129,160 ) -
Gift to EOT (150,000 ) (331,615 )
Net cash from financing activities (303,722 ) 3,073

(Decrease)/increase in cash and cash equivalents (292,003 ) 267,281
Cash and cash equivalents at beginning of
year

2

665,769

398,488

Cash and cash equivalents at end of year 2 373,766 665,769

Landmark Financial Group Limited (Registered number: 11074650)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 January 2025

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

31.1.25 31.1.24
£    £   
Profit before taxation 130,672 84,200
Depreciation charges 12,327 12,304
Loss on disposal of fixed assets - 87
Finance costs 39,878 28,728
Finance income (10,583 ) (3,814 )
172,294 121,505
(Increase)/decrease in trade and other debtors (436,024 ) 161,785
Increase in trade and other creditors 333,828 58,388
Cash generated from operations 70,098 341,678

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 January 2025
31.1.25 1.2.24
£    £   
Cash and cash equivalents 373,766 665,769
Year ended 31 January 2024
31.1.24 1.2.23
£    £   
Cash and cash equivalents 665,769 398,488


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.2.24 Cash flow At 31.1.25
£    £    £   
Net cash
Cash at bank 665,769 (292,003 ) 373,766
665,769 (292,003 ) 373,766
Debt
Debts falling due within 1 year (24,592 ) (2,075 ) (26,667 )
Debts falling due after 1 year (96,154 ) 26,637 (69,517 )
(120,746 ) 24,562 (96,184 )
Total 545,023 (267,441 ) 277,582

Landmark Financial Group Limited (Registered number: 11074650)

Notes to the Consolidated Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Landmark Financial Group 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 General Information page.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Gifts to Employee Ownership Trust (EOT)
The company's entire issued share capital is owned by Landmark Group Employee Ownership Trust (the 'EOT'). The EOT exists for the benefit of the employees of the group from time to time.

An initial gift was made to the EOT during the year, being the first in a series of annual gifts. The gifts are made to enable the EOT to settle the consideration for the shares.

The gifts are accounted for as distributions as and when they are made. Future gifts are not recognised as liabilities prior to their being made.

Turnover
Turnover represents the fair value of net commissions and fees, received on the sale of wealth management policies, excluding value added tax.

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 - 25% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

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

Landmark Financial Group Limited (Registered number: 11074650)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
31.1.25 31.1.24
£    £   
Wages and salaries 626,319 523,610
Social security costs 45,158 36,752
Other pension costs 29,942 58,232
701,419 618,594

The average number of employees during the year was as follows:
31.1.25 31.1.24

Management 5 5
Admin 22 21
27 26

The average number of employees by undertakings that were proportionately consolidated during the year was 27 (2024 - 26 ) .

31.1.25 31.1.24
£    £   
Directors' remuneration 44,639 46,388
Directors' pension contributions to money purchase schemes 12,875 44,875

4. OPERATING PROFIT

The operating profit is stated after charging:

31.1.25 31.1.24
£    £   
Other operating leases 14,550 18,000
Depreciation - owned assets 12,327 12,304
Loss on disposal of fixed assets - 87
Auditors' remuneration 10,000 14,520

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31.1.25 31.1.24
£    £   
Loan interest 39,878 28,728

Landmark Financial Group Limited (Registered number: 11074650)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 January 2025

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.1.25 31.1.24
£    £   
Current tax:
UK corporation tax 33,765 20,496

Deferred tax (742 ) 697
Tax on profit 33,023 21,193

UK corporation tax was charged at 24.03 %) in 2024.

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.1.25 31.1.24
£    £   
Profit before tax 130,672 84,200
Profit multiplied by the standard rate of corporation tax in the UK of 25 %
(2024 - 24.030 %)

32,668

20,233

Effects of:
Expenses not deductible for tax purposes 390 -
Depreciation in excess of capital allowances - 2,938
Adjustments to tax charge in respect of previous periods (35 ) (19 )
Marginal relief - (1,959 )
Total tax charge 33,023 21,193

7. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.


Landmark Financial Group Limited (Registered number: 11074650)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 January 2025

8. TANGIBLE FIXED ASSETS

Group
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2024 - 79,437 5,659 85,096
Additions 4,464 - 4,141 8,605
At 31 January 2025 4,464 79,437 9,800 93,701
DEPRECIATION
At 1 February 2024 - 36,749 3,028 39,777
Charge for year 1,116 7,944 3,267 12,327
At 31 January 2025 1,116 44,693 6,295 52,104
NET BOOK VALUE
At 31 January 2025 3,348 34,744 3,505 41,597
At 31 January 2024 - 42,688 2,631 45,319

9. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertaking
£   
COST
At 1 February 2024
and 31 January 2025 2,705
NET BOOK VALUE
At 31 January 2025 2,705
At 31 January 2024 2,705


10. DEBTORS

Group Company
31.1.25 31.1.24 31.1.25 31.1.24
£    £    £    £   
Amounts falling due within one year:
Trade debtors 20,371 19,449 - -
Amounts owed by group undertakings - - - 57,591
Other debtors 215,013 98,456 - -
Directors' current accounts 228,029 98,869 - -
Prepayments and accrued income 948,126 495,557 333,333 -
1,411,539 712,331 333,333 57,591

Landmark Financial Group Limited (Registered number: 11074650)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 January 2025

10. DEBTORS - continued

Group Company
31.1.25 31.1.24 31.1.25 31.1.24
£    £    £    £   
Amounts falling due after more than one year:
Other debtors - 134,024 - -

Aggregate amounts 1,411,539 846,355 333,333 57,591

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.1.25 31.1.24 31.1.25 31.1.24
£    £    £    £   
Bank loans and overdrafts (see note 13) 10,375 10,119 - -
Other loans (see note 13) 16,292 14,473 - -
Trade creditors 11,631 15,872 - -
Amounts owed to group undertakings - - 5,295 -
Tax 33,800 20,515 - -
Social security and other taxes 11,973 9,342 - -
Other creditors 647,235 345,049 280,000 -
Pension creditor 3,524 2,785 - -
Accruals and deferred income 528,526 496,012 - 4,801
1,263,356 914,167 285,295 4,801

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
31.1.25 31.1.24
£    £   
Bank loans (see note 13) 5,225 15,570
Other loans (see note 13) 64,292 80,584
69,517 96,154

Landmark Financial Group Limited (Registered number: 11074650)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 January 2025

13. LOANS

An analysis of the maturity of loans is given below:

Group
31.1.25 31.1.24
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,375 10,119
Funding Circle loan < 1yr 16,292 14,473
26,667 24,592
Amounts falling due between one and two years:
Bank loans - 1-2 years 5,225 10,375
Funding Circle loan - 1-2yrs 18,341 16,292
23,566 26,667
Amounts falling due between two and five years:
Bank loans - 2-5 years - 5,195
Funding Circle loan - 2-5yrs 45,951 64,292
45,951 69,487

Included within Creditors are the following loan balances:

Bank loan under Coronavirus Business Interruption Loan Scheme (CBILS) with a total balance due at the balance sheet date of £15,600 (2024: £25,689). The loan term amounts to six years with a maturity date of 20 July 2026. The annual interest rate applied to the loan is 2.5%.

Other loan is Funding Circle Business Loan Scheme (with a total balance due at the balance sheet date of £80,584 (2024: £95,057). The loan term amounts to six years with a maturity date of 01 February 2029. The annual interest rate applied to the loan is 12%.

14. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Non-cancellable operating leases
31.1.25 31.1.24
£    £   
Within one year 18,000 18,000
Between one and five years 90,000 90,000
In more than five years 8,250 26,250
116,250 134,250

Landmark Financial Group Limited (Registered number: 11074650)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 January 2025

15. FINANCIAL INSTRUMENTS

31.1.25 31.1.24
£ £
Carrying amount of financial assets
Debt instruments measured at amortised cost 1,411,539 846,355
Carrying amount of financial liabilities
Debt instruments measured at amortised cost 662,390 363,706

16. PROVISIONS FOR LIABILITIES

Group
31.1.25 31.1.24
£    £   
Deferred tax 9,541 10,283

Group
Deferred
tax
£   
Balance at 1 February 2024 10,283
Credit to Statement of Comprehensive Income during year (742 )
Balance at 31 January 2025 9,541

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
2,262 Ordinary £1 2,262 2,262

18. RESERVES

Group
Capital
Retained redemption Merger
earnings reserve reserve Totals
£    £    £    £   

At 1 February 2024 152,810 443 381,324 534,577
Profit for the year 97,649 97,649
Gift to EOT (150,000 ) - - (150,000 )
At 31 January 2025 100,459 443 381,324 482,226

Landmark Financial Group Limited (Registered number: 11074650)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 January 2025

18. RESERVES - continued

Company
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 February 2024 56,593 443 57,036
Profit for the year 141,739 141,739
Gift to EOT (150,000 ) - (150,000 )
At 31 January 2025 48,332 443 48,775


19. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25 31.1.24
£    £   
R C Martin
Balance outstanding at start of year 1,427 10,128
Amounts advanced - 1,427
Amounts repaid (1,427 ) (10,128 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,427

K A Mullins
Balance outstanding at start of year 97,442 338,333
Amounts advanced 228,029 97,442
Amounts repaid (97,442 ) (338,333 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 228,029 97,442

No interest was charged on the balance of £228,029 advanced to K A Mullins as at 31 January 2025.

20. RELATED PARTY DISCLOSURES

During the year, a total of key management personnel compensation of £ 58,996 (2024 - £ 92,254 ) was paid.

21. ULTIMATE CONTROLLING PARTY

The Group's ultimate controlling party is Landmark Group Employee Ownership Trust, which holds 100% of issued share capital of Landmark Financial Group Limited.