First Financial Intermediaries Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04111624 (England and Wales)

Financial Statements

for the Period

1 October 2023 to 31 March 2025

for

First Financial

Intermediaries Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M Caplan

J Caplan

S M Ryder

SECRETARY:

E Caplan

REGISTERED OFFICE:

89 Stanmore Hill

Stanmore

Middlesex

HA7 3DZ

REGISTERED NUMBER:

04111624 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

Suite 301, Stanmore Business

and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

FIXED ASSETS

Intangible assets

4

-

Property, plant and equipment

5

28,787

35,573

Investments

6

97,920

78,400

126,707

113,973

CURRENT ASSETS

Debtors

7

1,296,520

1,766,608

Cash at bank and in hand

360,896

590,335

1,657,416

2,356,943

CREDITORS

Amounts falling due within one year

8

322,827

375,909

NET CURRENT ASSETS

1,334,589

1,981,034

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,461,296

2,095,007

CREDITORS

Amounts falling due after more than one
year

9

(11,268

)

(78,750

)

PROVISIONS FOR LIABILITIES

(31,677

)

(27,085

)

NET ASSETS

1,418,351

1,989,172

CAPITAL AND RESERVES

Called up share capital

104

Retained earnings

11

1,418,247

1,989,068

SHAREHOLDERS' FUNDS

1,418,351

1,989,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2025 and were signed on its behalf by:

J Caplan - Director

1.	STATUTORY INFORMATION

First Financial Intermediaries 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover

Turnover represents net invoiced provision of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Fixtures, fittings & equipment

-

20% on cost

Bicycle

-

20% on cost

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Fixed asset investments

Listed investments are initially recognised at cost and at each financial year end are measured at fair value with changes in fair value being recognised in the income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 19 (2023 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 31 March 2025

240,000

AMORTISATION

At 1 October 2023

and 31 March 2025

240,000

NET BOOK VALUE

At 31 March 2025

-

At 30 September 2023

-

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures,

fittings

& equipment

Bicycle

Totals

£

COST

At 1 October 2023

284,841

9,749

294,590

Additions

15,101

-

15,101

At 31 March 2025

299,942

9,749

309,691

DEPRECIATION

At 1 October 2023

254,805

4,212

259,017

Charge for period

18,962

2,925

21,887

At 31 March 2025

273,767

7,137

280,904

NET BOOK VALUE

At 31 March 2025

26,175

2,612

28,787

At 30 September 2023

30,036

5,537

35,573

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 October 2023

78,400

Revaluations

19,520

At 31 March 2025

97,920

NET BOOK VALUE

At 31 March 2025

97,920

At 30 September 2023

78,400

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2025

97,920

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

Other debtors

1,136,366

1,509,226

Short term loans

92,000

242,000

Directors' current accounts

39,000

-

Prepayments & accrued income

29,154

15,382

1,296,520

1,766,608

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

Bank loans and overdrafts

45,000

Trade creditors

35,026

6,606

Tax

113,151

93,547

Social security & other taxes

10,155

28,199

Other creditors

11,402

9,892

Directors' current accounts

29,015

46,081

Accruals & deferred income

79,078

146,584

322,827

375,909

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2023

£

Bank loan

11,268

78,750

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2023

£

Bank loans

56,268

123,750

The bank loan is secured by a fixed and floating charge over the company's assets.

11.

RESERVES

The retained earnings of £1,418,247 (30.09.2023: £1,989,068) comprise of distributable reserves of £1,344,807 (30.09.2023: £1,930,268) and non-distributable reserves of £73,440 (30.09.2023: £58,800) which relate to investment revaluations less related deferred tax provision.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2025 and the year ended 30 September 2023:

2025

2023

£

S M Ryder

Balance outstanding at start of period

-

Amounts advanced

39,000

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

39,000

-

13.	PRIOR YEAR ADJUSTMENT

The company holds an investment in a listed company which inadvertently was omitted from previous financial statements. This has now been rectified by a prior year adjustment as follows:

£

Reserves at 01.10.2022 as previously stated

1,749,438

Prior years revaluation and deferred tax adjustments

48,730

Reserves at 01.10.2022 as restated

1,798,168

Reserves at 30.09.2023 as previously stated

1,930,268

Prior years revaluation and deferred tax adjustments

48,730

Revaluation and deferred tax adjustments for year ended 30.09.2023

10,070

Reserves at 30.09.2023 as restated

1,989,068