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Registration number: 13839157

Continuity Financial Planning Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Continuity Financial Planning Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 13

 

Continuity Financial Planning Ltd

Company Information

Directors

T S Marshfield

JS Marshfield

Registered office

34 Boulevard
Weston-super-Mare
North Somerset
BS23 1NF

Accountants

Four Fifty Partnership
Chartered Accountants
34 Boulevard
Weston-super-Mare
North Somerset
BS23 1NF

 

Continuity Financial Planning Ltd

(Registration number: 13839157)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

738,249

781,046

Tangible assets

5

8,647

16,357

 

746,896

797,403

Current assets

 

Debtors

6

77,279

61,067

Cash at bank and in hand

 

159,345

115,592

 

236,624

176,659

Creditors: Amounts falling due within one year

7

(129,534)

(75,232)

Net current assets

 

107,090

101,427

Total assets less current liabilities

 

853,986

898,830

Creditors: Amounts falling due after more than one year

7

(748,828)

(851,500)

Provisions for liabilities

(1,884)

(3,750)

Net assets

 

103,274

43,580

Capital and reserves

 

Called up share capital

9

4,000

4,000

Retained earnings

99,274

39,580

Shareholders' funds

 

103,274

43,580

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Continuity Financial Planning Ltd

(Registration number: 13839157)
Balance Sheet as at 31 March 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 July 2025 and signed on its behalf by:
 

.........................................
T S Marshfield
Director

.........................................
JS Marshfield
Director

 

Continuity Financial Planning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
34 Boulevard
Weston-super-Mare
North Somerset
BS23 1NF

The principal place of business is:
18 The Mall
Clifton
Bristol
BS8 4DR
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£).

 

Continuity Financial Planning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Continuity Financial Planning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

Straight line over 3 years

Furniture and fittings

Straight line over 10 years

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Straight line over 20 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Continuity Financial Planning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Continuity Financial Planning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

 

Continuity Financial Planning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2024

855,941

855,941

At 31 March 2025

855,941

855,941

Amortisation

At 1 April 2024

74,895

74,895

Amortisation charge

42,797

42,797

At 31 March 2025

117,692

117,692

Carrying amount

At 31 March 2025

738,249

738,249

At 31 March 2024

781,046

781,046

 

Continuity Financial Planning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

27,132

27,132

Additions

246

246

At 31 March 2025

27,378

27,378

Depreciation

At 1 April 2024

10,775

10,775

Charge for the year

7,956

7,956

At 31 March 2025

18,731

18,731

Carrying amount

At 31 March 2025

8,647

8,647

At 31 March 2024

16,357

16,357

6

Debtors

Current

2025
£

2024
£

Trade debtors

60,079

47,476

Prepayments

17,200

8,191

Other debtors

-

5,400

 

77,279

61,067

 

Continuity Financial Planning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

105,714

52,577

Accruals and deferred income

9,163

7,998

Other creditors

14,657

14,657

129,534

75,232

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

748,828

851,500

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Other borrowings

748,828

851,500

 

Continuity Financial Planning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary A shares of £1 each

2,320

2,320

2,520

2,520

Ordinary B shares of £1 each

1,080

1,080

1,280

1,280

Ordinary C shares of £1 each

200

200

200

200

Ordinary D shares of £1 each

200

200

-

-

Ordinary E shares of £1 each

200

200

-

-

4,000

4,000

4,000

4,000

On 16 October 2024, the shareholders agreed to a share re-organisation whereby 200 B shares would be reclassified as 200 D shares.

On 27 March 2025, the shareholders agreed to a share re-organisation whereby 200 A shares would be reclassified as 200 E shares.

 

Continuity Financial Planning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10

Related party transactions

Summary of transactions with other related parties

J Marshfield (director)

As at the balance sheet date, the company owed the director £756,157 (2024 - £856,157), £7,329 (2024 - £7,329) of which is repayable on demand. The balance of £748,828 (2024 - £848,828) is subordinated and is not repayable on demand.

The entire loan is interest free.

T Marshfield (director)

As at the balance sheet date, the company owed the director £7,328 (2024 - £10,001), £7,328 (2024 - £7,328) of which is repayable on demand.

The entire loan is interest free.