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Registered number: 11177968
Lavender Financial Planners Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Allan Smith Accounting & Tax Limited
Chartered Accountants
Contents
Page
Accountants' Report 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Lavender Financial Planners Limited For The Year Ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lavender Financial Planners Limited For The Year Ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Lavender Financial Planners Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Lavender Financial Planners Limited and state those matters that we have agreed to state to the director of Lavender Financial Planners Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lavender Financial Planners Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Lavender Financial Planners Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Lavender Financial Planners Limited . You consider that Lavender Financial Planners Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Lavender Financial Planners Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
21/07/2025
Allan Smith Accounting & Tax Limited
Chartered Accountants
Page 1
Page 2
Balance Sheet
Registered number: 11177968
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,921 11,726
Investments 5 244,212 235,827
254,133 247,553
CURRENT ASSETS
Debtors 6 37,770 28,114
Cash at bank and in hand 146,263 105,947
184,033 134,061
Creditors: Amounts Falling Due Within One Year 7 (95,024 ) (76,274 )
NET CURRENT ASSETS (LIABILITIES) 89,009 57,787
TOTAL ASSETS LESS CURRENT LIABILITIES 343,142 305,340
NET ASSETS 343,142 305,340
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 343,132 305,330
SHAREHOLDERS' FUNDS 343,142 305,340
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 Profit and Loss Account.
On behalf of the board
Mr Martin Gorvett
Director
21/07/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lavender Financial Planners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11177968 . The registered office is 11 Lavender Way, Hitchin, Hertfordshire, SG5 2LU.
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.
2.3. 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 10% straight line
Plant & Machinery 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 20,986 599 3,700 4,586 29,871
Additions - - - 1,304 1,304
Disposals - - (499 ) (1,119 ) (1,618 )
As at 31 March 2025 20,986 599 3,201 4,771 29,557
Depreciation
As at 1 April 2024 10,493 599 3,444 3,609 18,145
Provided during the period 2,099 - 172 558 2,829
Disposals - - (499 ) (839 ) (1,338 )
As at 31 March 2025 12,592 599 3,117 3,328 19,636
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2025 8,394 - 84 1,443 9,921
As at 1 April 2024 10,493 - 256 977 11,726
5. Investments
Listed
£
Cost
As at 1 April 2024 235,827
Revaluations 8,385
As at 31 March 2025 244,212
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 244,212
As at 1 April 2024 235,827
Investments held by the company are classified as financial assets at fair value through profit or loss. These are measured initially at fair value, with subsequent changes in fair value recognised in the profit and loss account. Fair value is based on quoted market prices at the reporting date. Transaction costs are expensed as incurred.
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 37,353 27,316
Other debtors 417 798
37,770 28,114
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1 -
Amounts owed to participating interests 936 624
Other creditors 2,256 1,849
Taxation and social security 91,831 73,801
95,024 76,274
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
Page 4