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Registered number: 07232786
IFA Private Clients Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
David H Evans Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 07232786
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,000 12,000
Tangible Assets 5 1,198,757 933,857
Investments 6 1,996,833 1,690,227
3,207,590 2,636,084
CURRENT ASSETS
Debtors 7 320,000 85,893
Cash at bank and in hand 118,382 104,989
438,382 190,882
Creditors: Amounts Falling Due Within One Year 8 (160,233 ) (123,955 )
NET CURRENT ASSETS (LIABILITIES) 278,149 66,927
TOTAL ASSETS LESS CURRENT LIABILITIES 3,485,739 2,703,011
PROVISIONS FOR LIABILITIES
Deferred Taxation (46,652 ) -
NET ASSETS 3,439,087 2,703,011
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 3,438,987 2,702,911
SHAREHOLDERS' FUNDS 3,439,087 2,703,011
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Phillip Rose
Director
30/06/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
IFA Private Clients Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07232786 . The registered office is The Grants 11 Market Place, Ramsbottom, Bury, BL0 9AJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are vehicle licences. It is not amortised.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.5. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Investments
Fixed asset investments are stated at fair value where this can be measured reliably, with changes in fair value recognised in the profit and loss account. Where fair value cannot be reliably measured, investments are held at cost less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 12,000
As at 31 March 2025 12,000
Net Book Value
As at 31 March 2025 12,000
As at 1 April 2024 12,000
Page 4
Page 5
5. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 April 2024 933,857
Additions 264,900
As at 31 March 2025 1,198,757
Net Book Value
As at 31 March 2025 1,198,757
As at 1 April 2024 933,857
6. Investments
Listed Unlisted Total
£ £ £
Cost
As at 1 April 2024 440,000 1,250,227 1,690,227
Additions 120,000 - 120,000
Fair value adjustments 60,610 125,996 186,606
As at 31 March 2025 620,610 1,376,223 1,996,833
Provision
As at 1 April 2024 - - -
As at 31 March 2025 - - -
Net Book Value
As at 31 March 2025 620,610 1,376,223 1,996,833
As at 1 April 2024 440,000 1,250,227 1,690,227
Fixed asset investments have been revalued at the balance sheet date to reflect fair value gains where reliable and readily available market valuations exist. 
In accordance with FRS 102, where such fair value can be measured reliably without undue cost or effort, the revaluation gains have been recognised in the profit and loss account. Investments for which no reliable fair value is available continue to be held at cost less impairment.
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7. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 80,000 80,000
Other debtors 19,733 4,350
Other taxes and social security - 1,543
99,733 85,893
Due after more than one year
Other debtors 220,267 -
320,000 85,893
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 40,374 35,435
Other taxes and social security 856 -
Other creditors 111,000 84,000
Accruals and deferred income 2,003 4,520
Director's loan account 6,000 -
160,233 123,955
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 6