H & R Insurance Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC170036

H & R Insurance Services Limited

Filleted Unaudited Financial Statements

31 March 2025

H & R Insurance Services Limited

Statement of Financial Position

31 March 2025

	31 Mar 25		30 Nov 23
Note	£	£	£

Fixed assets

Investments	5		928,982	1,204,087

Current assets

Debtors	6	61,255		68,761

Creditors: amounts falling due within one year	7	( 40,398)		( 39,267)
		--------		--------
Net current assets			20,857	29,494
			---------	------------
Total assets less current liabilities			949,839	1,233,581
			---------	------------
Net assets			949,839	1,233,581
			---------	------------

Capital and reserves

Called up share capital	100,000	100,000
Revaluation reserve	–	81,867
Profit and loss account	849,839	1,051,714
	---------	------------
Shareholder funds	949,839	1,233,581
	---------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

S Robertson
Director

Company registration number: SC170036

H & R Insurance Services Limited

Notes to the Financial Statements

Period from 1 December 2023 to 31 March 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 529 North Deeside Road, Cults, Aberdeen, AB15 9ES.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated). The financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill is capitalised and shown in the balance sheet as an Intangible Asset at the cost of acquisition. It is subsequently amortised as described in the Amortisation policy below.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Investments

The fixed asset investments represent the company's share of the capital of the partnership of H & R Insurance Services at 31 March 2025.

4. Intangible assets

	Goodwill
	£
Cost
At 1 December 2023 and 31 March 2025	1,178,046
	------------
Amortisation
At 1 December 2023 and 31 March 2025	1,178,046
	------------
Carrying amount
At 31 March 2025	–
	------------
At 30 November 2023	–
	------------

5. Investments

	Partnership of H&R Insurance Services
	£
Cost
At 1 December 2023	1,204,087
Movement	( 275,105)
	------------
At 31 March 2025	928,982
	------------
Impairment
At 1 December 2023 and 31 March 2025	–
	------------

Carrying amount
At 31 March 2025	928,982
	------------
At 30 November 2023	1,204,087
	------------

The movement for the Partnership of H & R Insurance Services is represented by:

		2025
		£
	Share of loss on revaluation of property	204,242
	Capital introduced less drawings	(7,594)
	Revaluation reserve movement	78,457
		---------
		275,105
		---------

6. Debtors

	31 Mar 25	30 Nov 23
	£	£
Other debtors	61,255	68,761
	--------	--------

7. Creditors: amounts falling due within one year

	31 Mar 25	30 Nov 23
	£	£
Other creditors	40,398	39,267
	--------	--------

8. Related party transactions

Included in the other creditors balance is £39,262 (2023: £38,186) due to H & R Insurance Services.