REGISTERED NUMBER: 07068804 (England and Wales)

NIGEL SKINNER FINANCIAL ADVISERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr N D Skinner

REGISTERED OFFICE:

Excel House

Millbrook Lane

Wragby

Market Rasen

Lincolnshire

LN8 5AB

BUSINESS ADDRESS:

Resolution Close

Endeavour Park

Boston

Lincolnshire

PE21 7TT

REGISTERED NUMBER:

07068804 (England and Wales)

ACCOUNTANTS:

Socius Accountants Limited

Excel House

Millbrook Lane

Wragby

Market Rasen

Lincolnshire

LN8 5AB

FIXED ASSETS

Intangible assets

4

643,200

723,600

Tangible assets

5

626

835

Investments

6

8,449,868

11,672,102

9,093,694

12,396,537

CURRENT ASSETS

Debtors

3,691,775

1,970,795

Cash at bank

1,244,685

176,508

4,936,460

2,147,303

CREDITORS

Amounts falling due within one year

15,995

1,368,345

NET CURRENT ASSETS

4,920,465

778,958

TOTAL ASSETS LESS CURRENT LIABILITIES

14,014,159

13,175,495

PROVISIONS FOR LIABILITIES

157

159

NET ASSETS

14,014,002

13,175,336

CAPITAL AND RESERVES

Called up share capital

14,100

14,100

Retained earnings

13,999,902

13,161,236

14,014,002

13,175,336

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 15 September 2025 and were signed by:

Mr N D Skinner - Director

1.	STATUTORY INFORMATION

Nigel Skinner 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten 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.

Property, plant and equipment

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

804,000

AMORTISATION

At 1 January 2024

80,400

Amortisation for year

80,400

At 31 December 2024

160,800

NET BOOK VALUE

At 31 December 2024

643,200

At 31 December 2023

723,600

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

2,666

DEPRECIATION

At 1 January 2024

1,831

Charge for year

209

At 31 December 2024

2,040

NET BOOK VALUE

At 31 December 2024

626

At 31 December 2023

835

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 January 2024

11,672,102

Disposals

(3,222,234

)

At 31 December 2024

8,449,868

NET BOOK VALUE

At 31 December 2024

8,449,868

At 31 December 2023

11,672,102

Cost or valuation at 31 December 2024 is represented by:

Totals

£

Cost

8,449,868

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr N D Skinner

Balance outstanding at start of year

608,201

2,981,229

Amounts advanced

-

979,305

Amounts repaid

(608,201

)

(3,352,333

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

608,201

All advances made to directors are unsecured, repayable on demand and with no interest charged.