Registered number
12192655
Treetops Financial Planning Ltd
Unaudited Filleted Accounts
31 March 2025
Treetops Financial Planning Ltd
Registered number: 12192655
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 665,950 710,292
Tangible assets 4 5,424 6,058
671,374 716,350
Current assets
Debtors 5 16,004 13,508
Cash at bank and in hand 81,973 56,456
97,977 69,964
Creditors: amounts falling due within one year 6 (277,289) (257,114)
Net current liabilities (179,312) (187,150)
Total assets less current liabilities 492,062 529,200
Creditors: amounts falling due after more than one year 7 (477,388) (493,346)
Provisions for liabilities (1,085) (1,514)
Net assets 13,589 34,340
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,489 34,240
Shareholders' funds 13,589 34,340
The directors are 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 directors acknowledge their 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.
A T Arnold
Director
Approved by the board on 2 May 2025
Treetops Financial Planning Ltd
Notes to the Accounts
for the year ended 31 March 2025
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).
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 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 886,859
At 31 March 2025 886,859
Amortisation
At 1 April 2024 176,567
Provided during the year 44,342
At 31 March 2025 220,909
Net book value
At 31 March 2025 665,950
At 31 March 2024 710,292
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 11,311
Additions 1,174
At 31 March 2025 12,485
Depreciation
At 1 April 2024 5,253
Charge for the year 1,808
At 31 March 2025 7,061
Net book value
At 31 March 2025 5,424
At 31 March 2024 6,058
5 Debtors 2025 2024
£ £
Trade debtors 16,004 13,508
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 3,200 4,788
Taxation and social security costs 26,241 25,686
SJP Loan 75,000 75,000
Other creditors 172,848 151,640
277,289 257,114
7 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 477,388 493,346
8 Other information
Treetops Financial Planning Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Knaresborough Technology Park
Manse Lane
Knaresborough
HG5 8LF
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