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REGISTERED NUMBER: 05225369 (England and Wales)









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: J T P Gentry





SECRETARY: J T P Gentry





REGISTERED OFFICE: Foxley House
Lonsdale Road
Newton Abbot
Devon
TQ12 1DT





REGISTERED NUMBER: 05225369 (England and Wales)





ACCOUNTANTS: Gravita Western Limited
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 - 2,748
Tangible assets 6 21,219 21,014
21,219 23,762

CURRENT ASSETS
Debtors 7 21,204 131,161
Investments 8 363,624 317,280
Cash at bank and in hand 25,645 26,497
410,473 474,938
CREDITORS
Amounts falling due within one year 9 (96,656 ) (162,868 )
NET CURRENT ASSETS 313,817 312,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

335,036

335,832

PROVISIONS FOR LIABILITIES (5,305 ) (3,993 )
NET ASSETS 329,731 331,839

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 329,631 331,739
329,731 331,839

THOMAS AND GENTRY INDEPENDENT
FINANCIAL ADVISORS LIMITED (REGISTERED NUMBER: 05225369)

Balance Sheet - continued
30 NOVEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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 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 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 29 August 2025 and were signed by:





J T P Gentry - Director


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

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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% -33% on reducing balance

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 (2023 - 6 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 303,484
AMORTISATION
At 1 December 2023 300,736
Amortisation for year 2,748
At 30 November 2024 303,484
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 2,748

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 57,274
Additions 4,704
At 30 November 2024 61,978
DEPRECIATION
At 1 December 2023 36,260
Charge for year 4,499
At 30 November 2024 40,759
NET BOOK VALUE
At 30 November 2024 21,219
At 30 November 2023 21,014

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,500 4,400
Other debtors - 28,981
Directors' current accounts - 85,870
Accrued income 5,090 1,100
Prepayments 8,614 10,810
21,204 131,161

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 1,488 34,524
Tax 90,388 124,178
Accrued expenses 4,780 4,166
96,656 162,868

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 331,739
Profit for the year 321,392
Dividends (323,500 )
At 30 November 2024 329,631

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.