Greensward Financial Planning Ltd 28/02/2025 iXBRL

Company registration number: 15499810

Greensward Financial Planning Ltd

Unaudited filleted financial statements

28 February 2025

Greensward Financial Planning Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Greensward Financial Planning Ltd

Directors and other information


	Directors	Mr Ross McAuley
		Mr Andrew Murray


	Company number	15499810


	Registered office	82 West Street
		Rochford
		Essex
		SS4 1AS


	Accountants	Murphy Collins Limited
		Sovereign House
		82 West Street
		Rochford
		Essex
		SS4 1AS

Greensward Financial Planning Ltd

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Greensward Financial Planning Ltd

Period ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Greensward Financial Planning Ltd for the period ended 28 February 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Greensward Financial Planning Ltd, as a body, in accordance with the terms of our engagement letter dated 30 July 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Greensward Financial Planning Ltd and state those matters that we have agreed to state to the board of directors of Greensward Financial Planning Ltd as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Greensward Financial Planning Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Greensward Financial Planning Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Greensward Financial Planning Ltd. You consider that Greensward Financial Planning Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Greensward Financial Planning Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Murphy Collins Limited

Chartered Accountants

Sovereign House

82 West Street

Rochford

Essex

SS4 1AS

30 July 2025

Greensward Financial Planning Ltd

Statement of financial position

28 February 2025

		28/02/25
	Note	£	£

Fixed assets
Intangible assets	7	3,831,857
Tangible assets	8	781
		_______
			3,832,638

Current assets
Debtors	9	58,709
Cash at bank and in hand		87,014
		_______
		145,723
Creditors: amounts falling due
within one year	10	( 438,232)
		_______
Net current liabilities			( 292,509)
			_______
Total assets less current liabilities			3,540,129

Creditors: amounts falling due
after more than one year	11		( 796,928)

Provisions for liabilities	12		( 195)

			_______
Net assets			2,743,006
			_______

Capital and reserves
Called up share capital	14		300
Share premium account			2,682,300
Profit and loss account			60,406
			_______
Shareholders funds			2,743,006
			_______

For the period ending 28 February 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 period in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 30 July 2025 , and are signed on behalf of the board by:

Mr Ross McAuley

Director

Company registration number: 15499810

Greensward Financial Planning Ltd

Statement of changes in equity

Period ended 28 February 2025

	Called up share capital	Share premium account	Profit and loss account	Total
	£	£	£	£


At 18 February 2024	-	-	-	-

Profit for the period			288,570	288,570
	_______	_______	_______	_______
Total comprehensive income for the period	-	-	288,570	288,570

Issue of shares	300	2,682,300		2,682,600
Dividends paid and payable			( 228,164)	( 228,164)
	_______	_______	_______	_______
Total investments by and distributions to owners	300	2,682,300	( 228,164)	2,454,436

	_______	_______	_______	_______
At 28 February 2025	300	2,682,300	60,406	2,743,006
	_______	_______	_______	_______

Greensward Financial Planning Ltd

Notes to the financial statements

Period ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Sovereign House, 82 West Street, Rochford, Essex, SS4 1AS.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Staff costs

The average number of persons employed by the company during the period amounted to 8

The aggregate payroll costs incurred during the period were:

			Period
			ended
			28/02/25
			£
	Wages and salaries		170,019
	Social security costs		10,807
	Other pension costs		12,585
			_______
			193,411
			_______

5. Tax on profit

Major components of tax expense

			Period
			ended
			28/02/25
			£
	Current tax:
	UK current tax expense		99,170
			_______

	Deferred tax:
	Origination and reversal of timing differences		195
			_______
	Tax on profit		99,365
			_______

6. Dividends

Equity dividends

			Period
			ended
			28/02/25
			£
	Dividends paid during the period (excluding those for which a liability existed at the end of the prior year)		228,165
			_______

7. Intangible assets

	Goodwill	Total
	£	£
Cost
At 18 February 2024	-	-
Additions	3,831,857	3,831,857
	_______	_______
At 28 February 2025	3,831,857	3,831,857
	_______	_______
Amortisation
At 18 February 2024 and 28 February 2025	-	-
	_______	_______
Carrying amount
At 28 February 2025	3,831,857	3,831,857
	_______	_______

8. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 18 February 2024	-	-
Additions	1,042	1,042
	_______	_______
At 28 February 2025	1,042	1,042
	_______	_______
Depreciation
At 18 February 2024	-	-
Charge for the year	261	261
	_______	_______
At 28 February 2025	261	261
	_______	_______
Carrying amount
At 28 February 2025	781	781
	_______	_______

9. Debtors

			28/02/25
			£
	Trade debtors		58,709
			_______

10. Creditors: amounts falling due within one year

			28/02/25
			£
	Bank loans and overdrafts		61,359
	Corporation tax		99,170
	Social security and other taxes		11,187
	Other creditors		266,516
			_______
			438,232
			_______

11. Creditors: amounts falling due after more than one year

			28/02/25
			£
	Bank loans and overdrafts		796,928
			_______

12. Provisions

	Deferred tax (note 13)	Total
	£	£
At 18 February 2024	-	-
Additions	195	195
	_______	_______
At 28 February 2025	195	195
	_______	_______

13. Deferred tax

The deferred tax included in the statement of financial position is as follows:

			28/02/25
			£
	Included in provisions (note 12)		195
			_______

The deferred tax account consists of the tax effect of timing differences in respect of:

			28/02/25
			£
	Accelerated capital allowances		195
			_______

14. Called up share capital

Issued, called up and fully paid

	28/02/25
	No	£
Ordinary shares of £ 1.00 each	30	30
A Ordinary shares of £ 1.00 each	70	70
B Ordinary shares of £ 1.00 each	100	100
C Ordinary shares of £ 1.00 each	100	100
	_______	_______
	300	300
	_______	_______

15. Directors advances, credits and guarantees

	During the period the directors entered into the following advances and credits with the company:

Period ended 28/02/25
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Ross McAuley	-	( 231)	( 231)
	Mr Andrew Murray	-	( 374)	( 374)
		_______	_______	_______
		-	( 605)	( 605)
		_______	_______	_______

16. Controlling party

Andrew Murray & Ross MaAuley jointly control the company.