Thompson Jenner Financial Services Limited 04309745 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the provision of financial services. Digita Accounts Production Advanced 6.30.9574.0 true true 04309745 2024-04-01 2025-03-31 04309745 2025-03-31 04309745 core:RetainedEarningsAccumulatedLosses 2025-03-31 04309745 core:ShareCapital 2025-03-31 04309745 core:CurrentFinancialInstruments 2025-03-31 04309745 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 04309745 core:FurnitureFittingsToolsEquipment 2025-03-31 04309745 core:OtherPropertyPlantEquipment 2025-03-31 04309745 bus:SmallEntities 2024-04-01 2025-03-31 04309745 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04309745 bus:FilletedAccounts 2024-04-01 2025-03-31 04309745 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04309745 bus:RegisteredOffice 2024-04-01 2025-03-31 04309745 bus:Director1 2024-04-01 2025-03-31 04309745 bus:Director3 2024-04-01 2025-03-31 04309745 bus:Director4 2024-04-01 2025-03-31 04309745 bus:Director5 2024-04-01 2025-03-31 04309745 bus:Director6 2024-04-01 2025-03-31 04309745 bus:Director7 2024-04-01 2025-03-31 04309745 bus:Director9 2024-04-01 2025-03-31 04309745 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04309745 core:ComputerEquipment 2024-04-01 2025-03-31 04309745 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 04309745 core:OfficeEquipment 2024-04-01 2025-03-31 04309745 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 04309745 countries:England 2024-04-01 2025-03-31 04309745 2024-03-31 04309745 core:FurnitureFittingsToolsEquipment 2024-03-31 04309745 core:OtherPropertyPlantEquipment 2024-03-31 04309745 2023-04-01 2024-03-31 04309745 2024-03-31 04309745 core:RetainedEarningsAccumulatedLosses 2024-03-31 04309745 core:ShareCapital 2024-03-31 04309745 core:CurrentFinancialInstruments 2024-03-31 04309745 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04309745 core:FurnitureFittingsToolsEquipment 2024-03-31 04309745 core:OtherPropertyPlantEquipment 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 04309745

Thompson Jenner Financial Services Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Thompson Jenner Financial Services Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Thompson Jenner Financial Services Limited

Company Information

Directors | R H B Wilson J P Westley S J Lewis D R Tucker P E Carnell P W Lewis M K Worthington

Registered office | 1 Colleton Crescent Exeter Devon EX2 4DG

Accountants | Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG

Thompson Jenner Financial Services Limited

(Registration number: 04309745)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2,258 | 4,526
Current assets |  |  |
Debtors | 5 | 21,876 | 16,771
Cash at bank and in hand |  | 225,063 | 109,876
|  | 246,939 | 126,647
Creditors: Amounts falling due within one year | 6 | (92,158) | (57,042)
Net current assets |  | 154,781 | 69,605
Net assets |  | 157,039 | 74,131
Capital and reserves |  |  |
Called up share capital |  | 8,100 | 8,100
Retained earnings |  | 148,939 | 66,031
Shareholders' funds |  | 157,039 | 74,131

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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 October 2025 and signed on its behalf by:

......................................... S J Lewis Director

Thompson Jenner Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1 Colleton Crescent
Exeter
Devon
EX2 4DG

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents commissions receivable and fees earned during the year. Commissions are deemed receivable only after policy documentation has been accepted by the insurance company. Provisions are made for potential claw back of indemnity commissions based on 5% of the potential claw back of indemnity commissions. Revenue is recognised in the period in which it is earned.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Thompson Jenner Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 20% straight line basis
Computer equipment | 33% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Thompson Jenner Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2024 - 16).

4 | Tangible assets

| Office equipment £ | Computer equipment £ | Total £
Cost or valuation
At 1 April 2024 | 4,574 | 18,549 | 23,123
At 31 March 2025 | 4,574 | 18,549 | 23,123
Depreciation
At 1 April 2024 | 4,202 | 14,395 | 18,597
Charge for the year | 121 | 2,147 | 2,268
At 31 March 2025 | 4,323 | 16,542 | 20,865
Carrying amount
At 31 March 2025 | 251 | 2,007 | 2,258
At 31 March 2024 | 372 | 4,154 | 4,526

Thompson Jenner Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 14,584 | 15,309
Other debtors | 5,990 | 65
Prepayments and accrued income | 1,302 | 1,397
Total current trade and other debtors | 21,876 | 16,771

6 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Amounts owed to connected companies |  | 144 | 292
Taxation and social security |  | 47,039 | 13,481
Other creditors |  | 33,783 | 3,354
Accrued expenses |  | 11,192 | 39,915
|  | 92,158 | 57,042