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REGISTERED NUMBER: 03855776 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Private Finance Ltd

Private Finance Ltd (Registered number: 03855776)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Private Finance Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr S J Checkley
Mr R Garbett
Mr M J Perrin
Mrs S V Bennett





REGISTERED OFFICE: 29 Lincolns Inn Fields
London
WC2A 3EG





REGISTERED NUMBER: 03855776 (England and Wales)





ACCOUNTANTS: Godfrey Laws & Co Limited
65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

Private Finance Ltd (Registered number: 03855776)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,820 19,225

CURRENT ASSETS
Debtors 5 230,201 338,233
Cash at bank and in hand 2,337,516 2,055,453
2,567,717 2,393,686
CREDITORS
Amounts falling due within one year 6 329,089 311,443
NET CURRENT ASSETS 2,238,628 2,082,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,249,448

2,101,468

PROVISIONS FOR LIABILITIES 1,302 3,248
NET ASSETS 2,248,146 2,098,220

CAPITAL AND RESERVES
Called up share capital 6,724 6,724
Retained earnings 2,241,422 2,091,496
SHAREHOLDERS' FUNDS 2,248,146 2,098,220

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

Private Finance Ltd (Registered number: 03855776)

Balance Sheet - continued
31 December 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





Mr S J Checkley - Director


Private Finance Ltd (Registered number: 03855776)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Private Finance Ltd 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the net amounts invoiced during the period by the company in respect of commissions and fees and is recognised in the profit and loss account on the following basis:

1. In respect of initial premiums, turnover is recognised on the basis of business transacted and acknowledged by an insurance company. No account is taken of any contingent commission which may be ultimately payable to the company.

2. In respect of renewal premiums, turnover is recognised on the receipt of the commission.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures & Fittings- 15% on cost
Motor Vehicles- 25% on cost
Computer Equipment- 25% on cost

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

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

Private Finance Ltd (Registered number: 03855776)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 37 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 2,750 20,628 15,733 76,270 115,381
Additions - - - 360 360
At 31 December 2024 2,750 20,628 15,733 76,630 115,741
DEPRECIATION
At 1 January 2024 2,635 19,639 13,757 60,125 96,156
Charge for year 115 534 648 7,468 8,765
At 31 December 2024 2,750 20,173 14,405 67,593 104,921
NET BOOK VALUE
At 31 December 2024 - 455 1,328 9,037 10,820
At 31 December 2023 115 989 1,976 16,145 19,225

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 105,046 33,779
Other debtors 125,155 304,454
230,201 338,233

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 68 1,523
Taxation and social security 196,626 133,296
Other creditors 132,395 176,624
329,089 311,443

7. CAPITAL COMMITMENTS
31.12.24 31.12.23
£    £   
Contracted but not provided for in the
financial statements 71,453 111,805

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be Mr S J Checkley & Mrs E Checkley by virtue of their shareholding.