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REGISTERED NUMBER: 11009639 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2025

for

FINANCIAL FREEDOM SOONER LIMITED

FINANCIAL FREEDOM SOONER LIMITED (REGISTERED NUMBER: 11009639)






Contents of the Financial Statements
for the year ended 31 May 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FINANCIAL FREEDOM SOONER LIMITED

Company Information
for the year ended 31 May 2025







DIRECTOR: M Bradford





REGISTERED OFFICE: 85 Highdown Road
Lewes
East Sussex
BN7 1QF





REGISTERED NUMBER: 11009639 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

FINANCIAL FREEDOM SOONER LIMITED (REGISTERED NUMBER: 11009639)

Balance Sheet
31 May 2025

2025 2024
Notes £ £
FIXED ASSETS
Intangible assets 4 350 3,716
Tangible assets 5 2,566 1,257
2,916 4,973

CURRENT ASSETS
Debtors 6 1,323 2,343
Cash at bank 8,626 12,139
9,949 14,482
CREDITORS
Amounts falling due within one year 7 (8,367 ) (15,595 )
NET CURRENT ASSETS/(LIABILITIES) 1,582 (1,113 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,498

3,860

PROVISIONS FOR LIABILITIES 8 (642 ) (314 )
NET ASSETS 3,856 3,546

RESERVES
Income and expenditure account 3,856 3,546
3,856 3,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FINANCIAL FREEDOM SOONER LIMITED (REGISTERED NUMBER: 11009639)

Balance Sheet - continued
31 May 2025


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 August 2025 and were signed by:





M Bradford - Director


FINANCIAL FREEDOM SOONER LIMITED (REGISTERED NUMBER: 11009639)

Notes to the Financial Statements
for the year ended 31 May 2025

1. STATUTORY INFORMATION

Financial Freedom Sooner Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue from the sale of services is recognised when services are provided.

Services provided are for financial advice.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a client list in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised at 20% reducing balance.

Tangible fixed assets
Tangible fixed assets are stated at cost, or deemed cost, less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Computer equipment-20% reducing balance
Fixtures and fittings -20% reducing balance


Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.


FINANCIAL FREEDOM SOONER LIMITED (REGISTERED NUMBER: 11009639)

Notes to the Financial Statements - continued
for the year ended 31 May 2025

2. ACCOUNTING POLICIES - continued
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.

Going concern
The directors have agreed to support the company as necessary in the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£ £ £
COST
At 1 June 2024
and 31 May 2025 49,200 1,890 51,090
AMORTISATION
At 1 June 2024 45,922 1,452 47,374
Amortisation for year 3,278 88 3,366
At 31 May 2025 49,200 1,540 50,740
NET BOOK VALUE
At 31 May 2025 - 350 350
At 31 May 2024 3,278 438 3,716

FINANCIAL FREEDOM SOONER LIMITED (REGISTERED NUMBER: 11009639)

Notes to the Financial Statements - continued
for the year ended 31 May 2025

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 June 2024 313 2,896 3,209
Additions 185 1,895 2,080
At 31 May 2025 498 4,791 5,289
DEPRECIATION
At 1 June 2024 125 1,827 1,952
Charge for year 84 687 771
At 31 May 2025 209 2,514 2,723
NET BOOK VALUE
At 31 May 2025 289 2,277 2,566
At 31 May 2024 188 1,069 1,257

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 1,323 2,343

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors 30 -
Taxation and social security 4,259 4,268
Other creditors 4,078 11,327
8,367 15,595

8. PROVISIONS FOR LIABILITIES
2025 2024
£ £
Deferred tax 642 314

Deferred tax
£
Balance at 1 June 2024 314
Accelerated capital allowance 328
Balance at 31 May 2025 642