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REGISTERED NUMBER: 02001734 (England and Wales)












STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD

PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02001734)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD

COMPANY INFORMATION
for the year ended 31 March 2025







DIRECTORS: P English
T P J English
Ms L Hatton


REGISTERED OFFICE: International House
Churchlands Estate
Chipping Warden
Banbury
Oxfordshire
OX17 1LN


REGISTERED NUMBER: 02001734 (England and Wales)


SENIOR STATUTORY AUDITOR: Gregg Olner MPhil BA (Hons.) FCA


AUDITORS: HB&O Ltd
Chartered Accountants and Statutory Auditor
Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT


BANKERS: Bank of Scotland
55 Temple Row
Birmingham
B2 5LS

PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02001734)

STRATEGIC REPORT
for the year ended 31 March 2025

The directors present their strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS
Turnover increased by £270,778 (12.8%) due to increased activity from the fee earning advisors.

PRINCIPAL RISKS AND UNCERTAINTIES
We anticipate that turnover will grow in the region of 5 - 10% during the year ending 31 March 2026 due to
ongoing new business generation.

Administrative costs are being reduced and steps taken to incentivise existing staff in order to mitigate the risks of staff departures.

The Company continues to place its investments with a diversified group of providers. these tend to be large, well established firms with a range of structured funds capable of mitigating market risk. The Company does not directly enter the financial markets and as such limits its exposure to counter party risk.

As such, the directors believe the company to be a going concern and have adopted this assumption in preparing the financial statements, having considered any material uncertainties in this regard for a period of at least 12 months from the date of approval of these financial statements.

SECTION 172(1) STATEMENT
Each director of the company continues to be mindful of their statutory duty to promote the success of the company for the benefit of the members as a whole, and in doing so having regard (amongst other matters) to those factors set out in section 172(1)(a)-(f) of the Companies Act 2006.

Collectively, the board recognises how having regard to these and other relevant factors and stakeholder groups in their decision-making, contributes to the success of the company. Depending on the matter in question, the relevance of different stakeholder interests and other factors will inevitably vary and the board may have to make difficult decisions based on competing priorities which means that it may not always be possible to provide a favourable outcome for all stakeholders.

ON BEHALF OF THE BOARD:





T P J English - Director


11 July 2025

PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02001734)

REPORT OF THE DIRECTORS
for the year ended 31 March 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITIES
The principal activities of the company in the year under review were those of investment management and advice, and life and pension consultancy.

DIVIDENDS
No dividends will be distributed for the year ended 31 March 2025.

DIRECTORS
The directors set out in the table below have held office during the whole of the period from 1 April 2024 to the date of this report.

The beneficial interests of the directors holding office at 31 March 2025 in the shares of the company, according to the register of directors' interests, were as follows:

31.3.25 1.4.24
Ordinary shares of £1 each
P English 69,000 69,000
T P J English 17,250 17,250
Ms L Hatton - -

These directors did not hold any non-beneficial interests in the shares of the company.

ENGAGEMENT WITH EMPLOYEES
The directors seek to foster an environment in which employees can raise any issues in respect of business conduct at any time and look to ensure that any matters arising are dealt with in a transparent and fair way.

ENGAGEMENT WITH SUPPLIERS, CUSTOMERS AND OTHERS
The company seeks to deal on a fair basis with its suppliers, customers and other stakeholders. Both directors and the wider management engage and communicate very regularly with these various stakeholders and terms of business are communicated in a transparent way.

STATEMENT OF CORPORATE GOVERNANCE ARRANGEMENTS
The directors ultimately take responsibility for the success of the company through setting the strategy of the company and providing entrepreneurial leadership, combined with regular management and review of the wider risks to the company and the employees and other management. Informal meetings are held regularly to ensure that this process is ongoing.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02001734)

REPORT OF THE DIRECTORS
for the year ended 31 March 2025

STATEMENT OF DIRECTORS' RESPONSIBILITIES - continued
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





T P J English - Director


11 July 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD

Opinion
We have audited the financial statements of Philip T English International Financial Services Ltd (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on pages three and four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The audit process includes an assessment of the entity's risk environment, through enquiry of and discussion with management, including an assessment of any key laws and regulations with which the company must comply in the ordinary course of its business. We have concluded that there are no such key laws and regulations that are particular to the company's activities.

Additionally, the overall risks of irregular transactions occurring are assessed following our observations and confirmation of the design and implementation of management's controls. Whilst we are mindful of these risks, our audit focus is geared towards the risk of material misstatement in the financial statements as a whole.

As such, our procedures cannot guarantee that all transactions have been fully compliant with all relevant laws and regulations, including those regulations relating to fraud, as our procedures are not designed to detect all instances of non-compliance.

Nevertheless, nothing has come to our attention that has given us significant cause for concern in the course of the procedures we haven undertaken in order to give our opinion on whether the financial statements are free from material misstatement, as shown above.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Gregg Olner MPhil BA (Hons.) FCA (Senior Statutory Auditor)
for and on behalf of HB&O Ltd
Chartered Accountants and Statutory Auditor
Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT

11 July 2025

PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02001734)

INCOME STATEMENT
for the year ended 31 March 2025

2025 2024
Notes £    £   

TURNOVER 3 2,386,937 2,116,159

Cost of sales 1,280,490 1,124,312
GROSS PROFIT 1,106,447 991,847

Administrative expenses 1,073,646 896,655
OPERATING PROFIT and
PROFIT BEFORE TAXATION 32,801 95,192

Tax on profit 6 20,884 24,016
PROFIT FOR THE FINANCIAL YEAR 11,917 71,176

PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02001734)

OTHER COMPREHENSIVE INCOME
for the year ended 31 March 2025

2025 2024
Notes £    £   

PROFIT FOR THE YEAR 11,917 71,176


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

11,917

71,176

PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02001734)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 6,261 7,952

CURRENT ASSETS
Debtors 8 1,542,711 1,516,731
Cash at bank 416,098 340,907
1,958,809 1,857,638
CREDITORS
Amounts falling due within one year 9 141,736 53,795
NET CURRENT ASSETS 1,817,073 1,803,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,823,334

1,811,795

PROVISIONS FOR LIABILITIES 10 1,389 1,767
NET ASSETS 1,821,945 1,810,028

CAPITAL AND RESERVES
Called up share capital 11 86,250 86,250
Share premium 12 9,750 9,750
Retained earnings 12 1,725,945 1,714,028
SHAREHOLDERS' FUNDS 1,821,945 1,810,028

The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2025 and were signed on its behalf by:





T P J English - Director


PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02001734)

STATEMENT OF CHANGES IN EQUITY
for the year ended 31 March 2025

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 April 2023 86,250 1,642,852 9,750 1,738,852

Changes in equity
Total comprehensive income - 71,176 - 71,176
Balance at 31 March 2024 86,250 1,714,028 9,750 1,810,028

Changes in equity
Total comprehensive income - 11,917 - 11,917
Balance at 31 March 2025 86,250 1,725,945 9,750 1,821,945

PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02001734)

CASH FLOW STATEMENT
for the year ended 31 March 2025

2025 2024
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 98,187 7,493
Tax paid (22,996 ) (7,591 )
Net cash from operating activities 75,191 (98 )

Increase/(decrease) in cash and cash equivalents 75,191 (98 )
Cash and cash equivalents at beginning of
year

2

340,907

341,005

Cash and cash equivalents at end of year 2 416,098 340,907

PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02001734)

NOTES TO THE CASH FLOW STATEMENT
for the year ended 31 March 2025

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2025 2024
£    £   
Profit before taxation 32,801 95,192
Depreciation charges 1,690 2,179
34,491 97,371
Increase in trade and other debtors (25,980 ) (2,656 )
Increase/(decrease) in trade and other creditors 89,676 (87,222 )
Cash generated from operations 98,187 7,493

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2025
31.3.25 1.4.24
£    £   
Cash and cash equivalents 416,098 340,907
Year ended 31 March 2024
31.3.24 1.4.23
£    £   
Cash and cash equivalents 340,907 341,005


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24 Cash flow At 31.3.25
£    £    £   
Net cash
Cash at bank 340,907 75,191 416,098
340,907 75,191 416,098
Total 340,907 75,191 416,098

PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02001734)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Philip T English International Financial Services 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Critical accounting judgements and key sources of estimation uncertainty
Accounting judgements and estimates relate primarily to depreciation and asset valuations. The directors do not believe that any accounting judgements or estimates are significant to the reported results of the entity.

Turnover
Turnover comprises the value of sales (net of value added tax) of services provided in the normal course of business. Revenue is recognised in respect of commissions when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on reducing balance
Furniture, fittings and equipment - 15% on reducing balance
Computer equipment - 25% on reducing balance

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.

PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02001734)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

Client bank accounts and related client accounts
At the date of these financial statements the balances on the clients' bank accounts total £54,694 (2024 - £54,871).

3. TURNOVER

The turnover and profit before taxation are attributable to the principal activities of the company.

An analysis of turnover by class of business is given below:

2025 2024
£    £   
Commissions 278 352
Fees 2,386,659 2,115,807
2,386,937 2,116,159

4. EMPLOYEES AND DIRECTORS
2025 2024
£    £   
Wages and salaries 494,164 426,879
Social security costs 57,726 40,907
Other pension costs 72,057 12,292
623,947 480,078

The average number of employees during the year was as follows:
2025 2024

Salaried advisors 4 4
Administrative 4 4
8 8

2025 2024
£    £   
Directors' remuneration 229,991 209,377
Directors' pension contributions to money purchase schemes 61,500 1,375

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 1

PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02001734)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

4. EMPLOYEES AND DIRECTORS - continued

Information regarding the highest paid director is as follows:
2025 2024
£    £   
Emoluments etc 116,483 100,400
Pension contributions to money purchase schemes 1,500 1,375

5. OPERATING PROFIT

The operating profit is stated after charging:

2025 2024
£    £   
Depreciation - owned assets 1,691 2,178
Auditors' remuneration 6,300 5,250
Other non- audit services 2,524 1,909

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2025 2024
£    £   
Current tax:
UK corporation tax 21,290 23,964
Overprovision of corporation tax last year (28 ) -
Total current tax 21,262 23,964

Deferred tax (378 ) 52
Tax on profit 20,884 24,016

UK corporation tax has been charged at 25% (2024 - 25%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025 2024
£    £   
Profit before tax 32,801 95,192
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2024 - 25%)

8,200

23,798

Effects of:
Expenses not deductible for tax purposes 15,000 -
Depreciation in excess of capital allowances 45 218
Adjustments to tax charge in respect of previous periods (2,361 ) -
Total tax charge 20,884 24,016

PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02001734)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

7. TANGIBLE FIXED ASSETS
Furniture,
fittings
Short and Computer
leasehold equipment equipment Totals
£    £    £    £   
COST
At 1 April 2024
and 31 March 2025 51,911 39,775 74,818 166,504
DEPRECIATION
At 1 April 2024 51,027 37,234 70,291 158,552
Charge for year 177 382 1,132 1,691
At 31 March 2025 51,204 37,616 71,423 160,243
NET BOOK VALUE
At 31 March 2025 707 2,159 3,395 6,261
At 31 March 2024 884 2,541 4,527 7,952

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 920 955
Other debtors 1,487,005 1,469,336
Prepayments and accrued income 54,786 46,440
1,542,711 1,516,731

All debtors are financial assets that are debt instruments measured at amortised cost.

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 2,557 4,544
Corporation tax 21,290 23,024
Social security and other taxes 15,404 3,234
Accruals and deferred income 102,485 22,993
141,736 53,795

All creditors are financial liabilities measured at amortised cost.

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 1,389 1,767

PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02001734)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2024 1,767
Credit to Income Statement during year (378 )
Balance at 31 March 2025 1,389

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
86,250 Ordinary £1 86,250 86,250

All ordinary shares rank pari passu with respect to voting rights and the rights to distribution of dividends and the repayment of capital.

12. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2024 1,714,028 9,750 1,723,778
Profit for the year 11,917 - 11,917
At 31 March 2025 1,725,945 9,750 1,735,695

Retained earnings

This reserve represents all current and prior year retained profits and losses.

Share premium

This reserve represents the amount above the nominal value received for shares issued, less transaction costs.

13. PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of the directors and certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £72,057 (2024 - £12,292). Included within creditors is £60,000 (2024 - £nil) owing to the pension provider.

14. RELATED PARTY DISCLOSURES

The directors are considered to be key management. Their remuneration is outlined in the notes above.

PHILIP T ENGLISH INTERNATIONAL
FINANCIAL SERVICES LTD (REGISTERED NUMBER: 02001734)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

Other related parties

The Managing Director has a material interest in the company TLT Financial Limited. This company is entitled to consulting fees based upon the fee income generated for Philip T English International Financial Services Ltd, in the year to 31 March 2025 this totalled £1,084,384 (2024 - £936,318). At the year end the company owed TLT Financial Limited £23,806 (2024 - £15,363) in relation to consulting fees earned in the year.

P T English and T P J English are partners in an estate business. The company trades from premises owned by the Estate and a cross charge is levied. In the year ended 31 March 2025 expenses totalling £177,335 (2024 - £166,439) were recognised in the financial statements. At the year end the company was owed £776,600 (2024 - £776,600) by the Estate.

P T English is involved in an Antigua registered venture - The English Haven Limited. At the year end the company was owed £710,405 (2024 - £692,736) by The English Haven Limited.

15. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.