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Registration number: 03878665

Neales Financial Management Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2025

Neales Financial Management Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 7

Neales Financial Management Limited

(Registration number: 03878665)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,367 | 2,395
Current assets |  |  |
Debtors | 5 | 18,699 | 17,402
Cash at bank and in hand |  | 83,999 | 82,223
|  | 102,698 | 99,625
Creditors: Amounts falling due within one year | 6 | (65,183) | (52,480)
Net current assets |  | 37,515 | 47,145
Total assets less current liabilities |  | 38,882 | 49,540
Creditors: Amounts falling due after more than one year | 6 | (9,761) | (20,026)
Net assets |  | 29,121 | 29,514
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Retained earnings |  | 28,121 | 28,514
Shareholders' funds |  | 29,121 | 29,514

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.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 November 2025

Mr J Gamlin Director |  |

Neales Financial Management 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 & Wales.

The address of its registered office is:
26 Poskett Way
Charfield
Wotton-Under-Edge
Gloucestershire
GL12 8FG

These financial statements were authorised for issue by the director on 5 November 2025.

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.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- specific criteria have been met for each of the company's activities.

Finance income and costs policy

Interest income and expenses are recognised using the effective interest rate method.

Neales Financial Management Limited

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

Tax

The tax expense for the period comprises current and deferred 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 income 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

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
Computer equipment | 33% straight line

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.

Debtors

Trade debtors are amounts due from customers for 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.

Neales Financial Management Limited

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

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

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.

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

Neales Financial Management Limited

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

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2024 - 1).

4 | Tangible assets

| Computer equipment £ | Total £
Cost or valuation
At 1 April 2024 | 7,218 | 7,218
Additions | 347 | 347
At 31 March 2025 | 7,565 | 7,565
Depreciation
At 1 April 2024 | 4,823 | 4,823
Charge for the year | 1,375 | 1,375
At 31 March 2025 | 6,198 | 6,198
Carrying amount
At 31 March 2025 | 1,367 | 1,367
At 31 March 2024 | 2,395 | 2,395

5 | Debtors

| Note | 2025 £ | 2024 £
Amounts owed by related parties | 8 | 1,709 | 832
Other debtors |  | 1,197 | 901
Prepayments |  | 14,059 | 14,060
Deferred tax assets |  | 1,734 | 1,609
|  | 18,699 | 17,402

Neales Financial Management Limited

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

6 | Creditors

Due within one year | Note | 2025 £ | 2024 £
Loans and borrowings | 7 | 10,265 | 10,012
Social security and other taxes |  | 216 | 1,333
Other creditors |  | - | 3
Accruals |  | 7,215 | 6,303
Corporation tax liability |  | 47,487 | 34,829
|  | 65,183 | 52,480
Due after one year |  |  |
Loans and borrowings | 7 | 9,761 | 20,026

7 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 9,761 | 20,026

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 10,265 | 10,012

Bank borrowings

Bounce Back Loan is denominated in GBP with a nominal interest rate of 2.5%, and the final instalment is due on 31 December 2026. The carrying amount at year end is £20,026 (2024 - £30,038).

Neales Financial Management Limited

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

8 | Related party transactions

Loans to related parties

2025 | Key management £ | Total £
At start of period | 832 | 832
Advanced | 1,689 | 1,689
Repaid | (812) | (812)
At end of period | 1,709 | 1,709

2024 | Key management £ | Total £
Advanced | 1,699 | 1,699
Repaid | (867) | (867)
At end of period | 832 | 832

Terms of loans to related parties

A loan has been maintained to the directors during the year, the loan is interest free and repayable on demand.

9 | Parent and ultimate parent undertaking

The company's immediate parent is Neales Financial Management Holdings Limited, incorporated in England and Wales.
The address is:
26 Poskett Way
Charfield
Wotton-Under-Edge
Gloucestershire
GL12 8FG
The ultimate controlling party is Mr J Gamlin, by virtue of his majority shareholding.