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Registered number: 15120582










REES ASTLEY IFA HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
REES ASTLEY IFA HOLDINGS LIMITED
REGISTERED NUMBER:15120582

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
294,017
-

Investments
  
35,192
-

  
329,209
-

Current assets
  

Cash at bank and in hand
  
1,409
1

  
1,409
1

Creditors: amounts falling due within one year
  
(23,113)
-

Net current (liabilities)/assets
  
 
 
(21,704)
 
 
1

Total assets less current liabilities
  
307,505
1

Creditors: amounts falling due after more than one year
  
(169,999)
-

  

Net assets
  
137,506
1


Capital and reserves
  

Called up share capital 
 10 
26,662
1

Capital redemption reserve
 11 
8,530
-

Profit and loss account
 11 
102,314
-

  
137,506
1


Page 1

 
REES ASTLEY IFA HOLDINGS LIMITED
REGISTERED NUMBER:15120582
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 July 2025.




A Hughes
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
REES ASTLEY IFA HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Rees Astley IFA Holdings Limited, 15120582, is a private company, limited by shares, incorporated in England and Wales, with its registered office and principal place of business at 29 North Parade, Aberystwyth, Ceredigion, SY23 2JN.
The principal activity of the Company is that of a Holding company. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
REES ASTLEY IFA HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
REES ASTLEY IFA HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


Additions
295,000



At 31 December 2024

295,000



Depreciation


Charge for the year on owned assets
983



At 31 December 2024

983



Net book value



At 31 December 2024
294,017



At 31 December 2023
-


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
35,192



At 31 December 2024
35,192




Page 5

 
REES ASTLEY IFA HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,409
1

1,409
1



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
21,188
-

Trade creditors
93
-

Amounts owed to group undertakings
95
-

Other taxation and social security
589
-

Other creditors
148
-

Accruals and deferred income
1,000
-

23,113
-


The following liabilities were secured:

2024
2023
£
£



Bank loans
21,188
-

21,188
-

Details of security provided:

The bank loans are secured by means of a fixed and floating charge over all property and undertaking of the company.

Page 6

 
REES ASTLEY IFA HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
169,999
-

169,999
-


The following liabilities were secured:

2024
2023
£
£



Bank loans
169,999
-

169,999
-

Details of security provided:

The bank loans are secured by means of a fixed and floating charge over all property and undertaking of the company.

Page 7

 
REES ASTLEY IFA HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
21,188
-


21,188
-

Amounts falling due 1-2 years

Bank loans
22,702
-


22,702
-

Amounts falling due 2-5 years

Bank loans
52,950
-


52,950
-

Amounts falling due after more than 5 years

Bank loans
94,347
-

94,347
-

191,187
-



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



0 (2023 - 1) Ordinary shares of £1.00 each
-
1
23,462 (2023 - 0) Ordinary A shares of £1.00 each
23,462
-
3,200 (2023 - 0) Ordinary B shares of £1.00 each
3,200
-

26,662

1


Page 8

 
REES ASTLEY IFA HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.Share capital (continued)

On incorporation 1 Ordinary £1 share was issued at par.
On 29 October 2024 the following share transactions took place:
Share exchange with Rees Astley Independent Financial Advisers Limited, with additional 35,191 Ordinary £1 shares issued.
5,331 Ordinary £1 shares were repurchased by the company.
23,462 Ordinary £1 shares were re-designated as Ordinary A shares.
6,399 Ordinary £1 shares were re-designated as Ordinary B shares.
On 30 October 2024, 3,199 Ordinary £1 B shares were repurchased by the company.


11.


Reserves

Capital redemption reserve

The capital redemption reserve represents the share capital repurchased by the Company.

Profit and loss account

The profit and loss account represents the accumulated profits of the Company since incorporation less distributions made to shareholders. 


12.


Contingent liabilities

Provided there is sufficient distributable reserves, the Company has committed to purchasing and canceling the remaining Ordinary B share capital for consideration of £300,000.


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £1,500 (2023: £nil) . Contributions totalling £nil (2023: £nil) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 9