Condy Mathias Financial Planners Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 04508157

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,247,719		1,248,268
Tangible Assets	5		27,561		27,504

			1,275,280		1,275,772
CURRENT ASSETS
Debtors	6	505,495		319,442
Cash at bank and in hand		157,635		114,086

		663,130		433,528
Creditors: Amounts Falling Due Within One Year	7	(293,132 )		(218,652 )

NET CURRENT ASSETS (LIABILITIES)			369,998		214,876

TOTAL ASSETS LESS CURRENT LIABILITIES			1,645,278		1,490,648

Creditors: Amounts Falling Due After More Than One Year	8		(7,804 )		(18,079 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(6,890 )		(6,876 )

NET ASSETS			1,630,584		1,465,693

CAPITAL AND RESERVES
Called up share capital	9		1,295,200		1,295,200
Profit and Loss Account			335,384		170,493

SHAREHOLDERS' FUNDS			1,630,584		1,465,693

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Condy Mathias Financial Planners Limited

Balance Sheet (continued)

As At 31 March 2025

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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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

Mrs J Spaulding

Director

15 August 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Condy Mathias Financial Planners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04508157 . The registered office is Park House, 28 Outland Road, Plymouth, Devon, PL2 3DE.

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 comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

Fee income is recognised as follows:

New business - 7 days after the provider has put the policy on risk or made the investment.

Renewal fees - the date earned per the provider.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the indentifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made. The directors are of the opinion that a reliable estimate of the residual value can be made and this is at least equal to the carrying amount in the balance sheet.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

The website costs are amortised over their useful lives, which the directors believe to be a period of five years.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5% straight line
Website	20% straight line

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Condy Mathias Financial Planners Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. 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:

Fixtures & Fittings	20% or 25% straight line, and 25% reducing balance
Office Equipment	33% straight line

2.6. 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 20 (2024: 20)

4. Intangible Assets

	Goodwill	Website	Total
	£	£	£
Cost
As at 1 April 2024	1,710,000	3,660	1,713,660

As at 31 March 2025	1,710,000	3,660	1,713,660

Amortisation
As at 1 April 2024	462,281	3,111	465,392
Provided during the period	-	549	549

As at 31 March 2025	462,281	3,660	465,941

Net Book Value
As at 31 March 2025	1,247,719	-	1,247,719

As at 1 April 2024	1,247,719	549	1,248,268

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Condy Mathias Financial Planners Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Fixtures & Fittings	Office Equipment	Total
	£	£	£
Cost
As at 1 April 2024	81,675	147,948	229,623
Additions	4,374	11,286	15,660

As at 31 March 2025	86,049	159,234	245,283

Depreciation
As at 1 April 2024	74,747	127,372	202,119
Provided during the period	2,936	12,667	15,603

As at 31 March 2025	77,683	140,039	217,722

Net Book Value
As at 31 March 2025	8,366	19,195	27,561

As at 1 April 2024	6,928	20,576	27,504

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	36,000	42,886
Amounts owed by group undertakings	428,618	235,873
Other debtors	40,877	40,683

	505,495	319,442

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	27,060	28,007
Bank loans and overdrafts	10,311	10,056
Other creditors	17,239	19,324
Taxation and social security	238,522	161,265

	293,132	218,652

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans > 1 year	7,804	18,079

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,295,200	1,295,200

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Condy Mathias Financial Planners Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Ultimate Controlling Party

The company's immediate parent is Condy Mathias (Holdings) Limited, (registered office 6, Houndiscombe Road, Plymouth, Devon PL4 6HH) incorporated in England & Wales, by virtue of it's ownership of 100% of the issued share capital in the company.

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