| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 November 2024 |
| for |
| THOMAS AND GENTRY INDEPENDENT |
| FINANCIAL ADVISORS LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 November 2024 |
| for |
| THOMAS AND GENTRY INDEPENDENT |
| FINANCIAL ADVISORS LIMITED |
| THOMAS AND GENTRY INDEPENDENT |
| FINANCIAL ADVISORS LIMITED (REGISTERED NUMBER: 05225369) |
| Contents of the Financial Statements |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| THOMAS AND GENTRY INDEPENDENT |
| FINANCIAL ADVISORS LIMITED |
| Company Information |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Keble House |
| Southernhay Gardens |
| Exeter |
| Devon |
| EX1 1NT |
| THOMAS AND GENTRY INDEPENDENT |
| FINANCIAL ADVISORS LIMITED (REGISTERED NUMBER: 05225369) |
| Balance Sheet |
| 30 NOVEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Investments | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 10 |
| THOMAS AND GENTRY INDEPENDENT |
| FINANCIAL ADVISORS LIMITED (REGISTERED NUMBER: 05225369) |
| Balance Sheet - continued |
| 30 NOVEMBER 2024 |
| 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 profit or loss 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. |
| The financial statements were approved by the director and authorised for issue on |
| THOMAS AND GENTRY INDEPENDENT |
| FINANCIAL ADVISORS LIMITED (REGISTERED NUMBER: 05225369) |
| Notes to the Financial Statements |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| 1. | COMPANY INFORMATION |
| Thomas and Gentry Independent Financial Advisors Limited 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 (£). |
| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared under the historical cost convention. |
| Turnover |
| Turnover represents amounts chargeable in respect of commissions earned falling within the company's ordinary activities. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2005 and a business in 2015, are being amortised evenly over its estimated useful life of twenty and five years respectively. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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. |
| THOMAS AND GENTRY INDEPENDENT |
| FINANCIAL ADVISORS LIMITED (REGISTERED NUMBER: 05225369) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| 3. | 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 |
| The company operates a defined contribution pension scheme for staff and one director. Contributions are expensed as they become payable. |
| Investments |
| Current asset investments are stated at the lower of cost and net realisable value. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 December 2023 |
| and 30 November 2024 |
| AMORTISATION |
| At 1 December 2023 |
| Amortisation for year |
| At 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| At 30 November 2023 |
| THOMAS AND GENTRY INDEPENDENT |
| FINANCIAL ADVISORS LIMITED (REGISTERED NUMBER: 05225369) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| 6. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1 December 2023 |
| Additions |
| At 30 November 2024 |
| DEPRECIATION |
| At 1 December 2023 |
| Charge for year |
| At 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| At 30 November 2023 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' current accounts | - | 85,870 |
| Accrued income |
| Prepayments |
| 8. | CURRENT ASSET INVESTMENTS |
| 2024 | 2023 |
| £ | £ |
| Unlisted investments | 363,624 | 317,280 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Amounts owed to group undertakings |
| Tax |
| Accrued expenses |
| THOMAS AND GENTRY INDEPENDENT |
| FINANCIAL ADVISORS LIMITED (REGISTERED NUMBER: 05225369) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 December 2023 |
| Profit for the year |
| Dividends | ( |
) |
| At 30 November 2024 |
| Gains and losses on investments are shown within the profit or loss for the year. The non-distributable element of reserves relating to unrealised gains at the year end is £104,532 (2023 - £51,188). |
| 11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| There is a balance owed to the company by the Director at the year end of £Nil (2023 £85,869) owed to the Director). Interest will be charged on this amount at the HMRC beneficial loan rate whilst the loan remains outstanding. |
| 12. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of the Financial Reporting Standard 102 'The Financial Reportings Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with the parent company. |
| 13. | CONTROLLING PARTY |
| The parent company is Geno Holdings Limited, a company registered in England and Wales. The registered office is: 3 Southernhay West, Exeter, Devon EX1 1JG. The ultimate controlling party is Mr John Gentry. |