Company Registration No. 05081337 (England and Wales)
Wollen Michelmore Financial Planning Limited
Financial statements
for the year ended 31 March 2025
Pages for filing with the registrar
Wollen Michelmore Financial Planning Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
Wollen Michelmore Financial Planning Limited
Statement of financial position
As at 31 March 2025
1
2025
2024
Notes
£
£
£
£
Current assets
Debtors
4
15,851
16,547
Cash at bank and in hand
162,789
117,176
178,640
133,723
Creditors: amounts falling due within one year
5
(160,389)
(115,574)
Net current assets
18,251
18,149
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
17,251
17,149
Total equity
18,251
18,149

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 23 September 2025 and are signed on its behalf by:
B D Horner
Director
Company Registration No. 05081337
Wollen Michelmore Financial Planning Limited
Notes to the financial statements
For the year ended 31 March 2025
2
1
Accounting policies
Company information

Wollen Michelmore Financial Planning Limited is a private company limited by shares incorporated in England and Wales. The registered office is Paradigm House, Macrae Road, Ham Green, Bristol, BS20 0DD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard 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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Paradigm Norton Holdings Limited. These consolidated financial statements are available from its registered office Paradigm House Macrae Road, Ham Green, Bristol, BS20 0DD.

1.2
Turnover

Turnover is recognised (net of VAT) on services provided to the extent that the right to revenue has been obtained, and has been derived from its principal activity wholly undertaken in the United Kingdom.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

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

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Wollen Michelmore Financial Planning Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies (continued)
3
Basic financial assets

Basic financial assets, which include debtors, 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 financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Wollen Michelmore Financial Planning Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies (continued)
4
1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There were no judgements and/or key sources of estimation uncertainty identified by the management relating to the current financial year.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
15,851
16,547
Wollen Michelmore Financial Planning Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
5
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
74,411
40,751
Other taxation and social security
400
-
0
Other creditors
85,578
74,823
160,389
115,574
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Neil Davies
Statutory Auditors:
Saffery LLP
Date of audit report:
23 September 2025
7
Related party transactions

During the year Wollen Michelmore Financial Planning Limited paid Paradigm Norton Financial Planning Limited £120,000 (202 4: £120,000) in management charges. At the year end it owed Paradigm Norton Financial Planning Limited £60,537 (202 4: £51,682), and Paradigm Norton Financial Planning Limited owed Wollen Michelmore Financial Planning Limited £15,851 (202 4: £26,357).

At the year end the company owed £44,686 (202 4: £26,445) to fellow group undertakings.

8
Parent company

The parent company is Paradigm Norton Financial Planning Limited.

The ultimate parent company is Paradigm Norton Holdings Limited. Both companies are registered in England and Wales.

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