REGISTERED NUMBER: 02150087 (England and Wales)

ASSET MANAGEMENT FINANCIAL

ADVISERS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Craig

A J Wood

M Wood

REGISTERED OFFICE:

8 Gaters Mill

Mansbridge Road

West End

Southampton

Hampshire

SO18 3HW

REGISTERED NUMBER:

02150087 (England and Wales)

SENIOR STATUTORY AUDITOR:

James Flood FCA

AUDITORS:

Hopper Williams & Bell Limited

Statutory Auditor

Chartered Accountants

Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

FIXED ASSETS

Tangible assets

4

21,075

25,308

Investments

5

54,049

51,082

75,124

76,390

CURRENT ASSETS

Debtors

6

703,558

626,921

Cash at bank and in hand

258,280

225,527

961,838

852,448

CREDITORS

Amounts falling due within one year

7

(377,882

)

(307,010

)

NET CURRENT ASSETS

583,956

545,438

TOTAL ASSETS LESS CURRENT LIABILITIES

659,080

621,828

PROVISIONS FOR LIABILITIES

9

(10,833

)

(11,834

)

NET ASSETS

648,247

609,994

CAPITAL AND RESERVES

Called up share capital

40,000

40,000

Retained earnings

608,247

569,994

SHAREHOLDERS' FUNDS

648,247

609,994

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 Statement of Income and Retained Earnings has not been delivered.

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

A J Wood - Director

1.	STATUTORY INFORMATION

Asset Management Financial Advisers Limited 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.

The company's business addresses are 8 Gaters Mill, Mansbridge Road, West End, Southampton, SO18 3HW, Aspen House, 12 Brook Street, Bishops Waltham, SO32 1AX and Chesil Mews House, Milland Road, Winchester, SO23 0QA.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover represents commission and fees receivable. Commissions and fees are recognised when the policies have been put on risk by the providers. Renewal commission is recognised and credited to the profit and loss account in the period to which it relates.

Alterations in commissions arising from lapses and other adjustments are taken into account as and when they occur.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Short leasehold

-

Straight line over 5 years

Computer Equipment

-

Straight line over 3 years

Fixtures and fittings

-

Straight line over 5 years

The profit or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial assets

The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Investments

Fixed and current asset investments are valued at fair value with changes in fair value recognised in the profit and loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2024 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Computer

and

leasehold

Equipment

fittings

Totals

£

£

£

£

COST

At 1 April 2024

60,027

105,405

72,027

237,459

Additions

-

9,251

360

9,611

Disposals

-

(42,685

)

-

(42,685

)

At 31 March 2025

60,027

71,971

72,387

204,385

DEPRECIATION

At 1 April 2024

60,027

90,126

61,998

212,151

Charge for year

-

11,027

2,817

13,844

Eliminated on disposal

-

(42,685

)

-

(42,685

)

At 31 March 2025

60,027

58,468

64,815

183,310

NET BOOK VALUE

At 31 March 2025

-

13,503

7,572

21,075

At 31 March 2024

-

15,279

10,029

25,308

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

51,082

Additions

2,967

At 31 March 2025

54,049

NET BOOK VALUE

At 31 March 2025

54,049

At 31 March 2024

51,082

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

326,883

330,806

Amounts owed by group undertakings

286,075

129,053

Other debtors

90,600

167,062

703,558

626,921

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

301,200

220,938

Other creditors

76,682

86,072

377,882

307,010

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

131,311

117,048

Between one and five years

214,430

241,776

In more than five years

92,022

-

437,763

358,824

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

4,833

5,834

Other provisions

6,000

6,000

10,833

11,834

Deferred tax

£

Balance at 1 April 2024

5,834

Reversal of timing differences

(1,001

)

Balance at 31 March 2025

4,833

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Flood FCA (Senior Statutory Auditor)

for and on behalf of Hopper Williams & Bell Limited

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, advances totalling £40,000 (2024: £Nil) were made to the company's directors. £121,700 (2024: £Nil) was repaid prior to year-end). The balance owed from the directors at the year-end was £Nil (2024: £81,700).

No interest is payable and the advances were repayable on demand.

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year, the company paid rent on a property owned by directors totalling £22,200 (2024: £19,200).