Company No: 14673168 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Tangible assets	3	2,250		3,000
		2,250		3,000
Current assets
Debtors	4	15,679		23,030
Cash at bank and in hand		19,515		40
		35,194		23,070
Creditors: amounts falling due within one year	5	( 48,093)		( 15,352)
Net current (liabilities)/assets		(12,899)		7,718
Total assets less current liabilities		(10,649)		10,718
Net (liabilities)/assets		( 10,649)		10,718
Capital and reserves
Called-up share capital	6	120		120
Profit and loss account		( 10,769 )		10,598
Total shareholders' (deficit)/funds		( 10,649)		10,718

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Headforwards Advisory Limited (registered number: 14673168) were approved and authorised for issue by the Board of Directors on 14 October 2025. They were signed on its behalf by:

T H Parkins Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Headforwards Advisory Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Fibrehub Trevenson Lane, Pool, Redruth, TR15 3GF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

In early 2025 the directors made the decision that the Company would cease trading and that the residual trading activities be transferred to certain fellow group companies. The cessation and transfer had not occurred at the year end. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	Year ended 31.03.2025		Period from 18.02.2023 to 31.03.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	1		1

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2024	3,000		3,000
At 31 March 2025	3,000		3,000
Accumulated depreciation
At 01 April 2024	0		0
Charge for the financial year	750		750
At 31 March 2025	750		750
Net book value
At 31 March 2025	2,250		2,250
At 31 March 2024	3,000		3,000

4. Debtors

	31.03.2025		31.03.2024
	£		£
Trade debtors	15,679		0
Amounts owed by Group undertakings	0		22,950
Amounts owed by Parent undertakings	0		80
	15,679		23,030

5. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Amounts owed to Group undertakings	25,353		1
Amounts owed to Parent undertakings	20		0
Taxation and social security	21,109		14,273
Other creditors	1,611		1,078
	48,093		15,352

6. Called-up share capital

	31.03.2025		31.03.2024
	£		£
Allotted, called-up and fully-paid
80 Ordinary A shares of £ 1.00 each	80		80
40 Ordinary B shares of £ 1.00 each	40		40
	120		120

7. Ultimate controlling party

Parent Company:

Headforwards Group Limited

Fibre Hub Trevenson Lane Pool REDRUTH Cornwall TR15 3GF