REGISTERED NUMBER: 04555216 (England and Wales)

Financial Statements

for the Year Ended 28 February 2025

for

Financial Planning Partners Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A J Hearne

SECRETARY:

DB Corporate Limited

REGISTERED OFFICE:

1 Stanyards Courtyard

Stanyards Farm

Chertsey Road

Chobham

Surrey

GU24 8JE

REGISTERED NUMBER:

04555216 (England and Wales)

ACCOUNTANTS:

Ahmad York Limited

Chartered Certified Accountants

1 Stanyards Courtyard

Stanyards Farm

Chertsey Road

Chobham

Surrey

GU24 8JE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

243,397

133,887

243,397

133,887

CURRENT ASSETS

Debtors

6

113,217

10,074

Investments

7

4

4

Cash at bank

67,838

56,729

181,059

66,807

CREDITORS

Amounts falling due within one year

8

187,143

113,429

NET CURRENT LIABILITIES

(6,084

)

(46,622

)

TOTAL ASSETS LESS CURRENT LIABILITIES

237,313

87,265

CREDITORS

Amounts falling due after more than one year

9

(164,424

)

(71,819

)

PROVISIONS FOR LIABILITIES

(50,481

)

(12,712

)

NET ASSETS

22,408

2,734

CAPITAL AND RESERVES

Called up share capital

90

90

Capital redemption reserve

6

6

Retained earnings

22,312

2,638

SHAREHOLDERS' FUNDS

22,408

2,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2025 and were signed by:

A J Hearne - Director

1.	STATUTORY INFORMATION

Financial Planning Partners 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.

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 2010, has now been fully amortised.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

Financial assets include investments which are valued at fair value.

The company only enters into basic financial instrument transactions in accordance with Section 11. Financial assets and liabilities are measured at cost and financial assets are assessed at the end of each reporting period for objective evidence of impairment.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

138,000

Disposals

(138,000

)

At 28 February 2025

-

AMORTISATION

At 1 March 2024

138,000

Eliminated on disposal

(138,000

)

At 28 February 2025

-

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2024

35,521

109,365

47,600

192,486

Additions

8,937

133,470

-

142,407

At 28 February 2025

44,458

242,835

47,600

334,893

DEPRECIATION

At 1 March 2024

13,419

30,620

14,560

58,599

Charge for year

4,951

19,686

8,260

32,897

At 28 February 2025

18,370

50,306

22,820

91,496

NET BOOK VALUE

At 28 February 2025

26,088

192,529

24,780

243,397

At 29 February 2024

22,102

78,745

33,040

133,887

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 March 2024

109,365

Additions

133,470

At 28 February 2025

242,835

DEPRECIATION

At 1 March 2024

30,620

Charge for year

19,686

At 28 February 2025

50,306

NET BOOK VALUE

At 28 February 2025

192,529

At 29 February 2024

78,745

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Other debtors

113,217

10,074

7.	CURRENT ASSET INVESTMENTS

28.2.25

29.2.24

£

£

Investments

4

4

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

39,863

13,146

Taxation and social security

132,321

97,945

Other creditors

14,959

2,338

187,143

113,429

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

164,424

71,819

10.	CAPITAL COMMITMENTS

At the year end the company had commitments, guarantees and contingencies totalling £277,833 (2023: £89,975).