Registration number: 11936113

Bluesky Financial Planners Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Bluesky Financial Planners Limited

Company Information

Directors

R K Starling J Jackson

Registered office

The Barn, Hatch Farm Mill Lane Sindlesham Reading Berkshire RG41 5DF

Accountants

Vale & West Accountancy Services Limited Chartered AccountantsVictoria House 26 Queen Victoria Street Reading Berkshire RG1 1TG

Bluesky Financial Planners Limited

(Registration number: 11936113)
Balance Sheet as at 31 March 2025

	Note	31 March 2025 £	31 March 2024 £
Fixed assets
Intangible assets	4	2,917	7,917
Tangible assets	5	148,217	16,150
		151,134	24,067
Current assets
Debtors	6	72,504	116,956
Cash at bank and in hand		631,989	561,290
		704,493	678,246
Creditors: Amounts falling due within one year	7	(207,818)	(195,110)
Net current assets		496,675	483,136
Net assets		647,809	507,203
Capital and reserves
Called up share capital	9	25,000	25,000
Retained earnings		622,809	482,203
Shareholders' funds		647,809	507,203

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 and 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 18 November 2025 and signed on its behalf by:
 

......................................... R K Starling Director

Bluesky Financial Planners 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 and Wales.

The address of its registered office is The Barn, Hatch Farm, ]Mill Lane, Sindlesham, Reading, Berkshire, RG41 5DF

The company's parent is Bsky Holdings Limited, incorporated in England and Wales.

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. Monetary amounts in these financial statements are rounded to the nearest Pound (£).

Going concern

The directors are not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading. The preparation of the financial statements on the going concern basis is therefore deemed appropriate.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue for services comprises fees, commission and management charges, and is recognised as it becomes due under terms of business.

Tax

Tax on profit represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from the profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible
in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the year.

Bluesky Financial Planners Limited

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

2	Accounting policies (continued)

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities and the corresponding tax bases used to compute taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for temporary differences to the extent that it is probable that taxable profits will be available to utilise the timing difference.

Deferred tax liabilities and assets are measured at tax rates that are expected to apply in the period the liability is settled or the asset realised. The measurement of deferred tax liabilities and assets reflects the tax consequences in which the company expects to recover or settle the underlying amount of its assets and liabilities.

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
Equipment, furniture and fittings	Straight line over 10 years
Leasehold property	Straight line over 10 years

Goodwill

Goodwill is initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life of 5 years.

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.

Operating 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.

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.

Bluesky Financial Planners Limited

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

2	Accounting policies (continued)

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.

3	Staff numbers

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

Bluesky Financial Planners Limited

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

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	25,000	25,000
At 31 March 2025	25,000	25,000
Amortisation
At 1 April 2024	17,083	17,083
Amortisation charge	5,000	5,000
At 31 March 2025	22,083	22,083
Carrying amount
At 31 March 2025	2,917	2,917
At 31 March 2024	7,917	7,917

5	Tangible assets

	Short leasehold land and buildings £	Equipment, furniture and fittings £	Total £
Cost or valuation
At 1 April 2024	-	35,859	35,859
Additions	126,616	24,110	150,726
At 31 March 2025	126,616	59,969	186,585
Depreciation
At 1 April 2024	-	19,709	19,709
Charge for the year	12,662	5,997	18,659
At 31 March 2025	12,662	25,706	38,368
Carrying amount
At 31 March 2025	113,954	34,263	148,217
At 31 March 2024	-	16,150	16,150

Bluesky Financial Planners Limited

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

6

Debtors

	31 March 2025 £	31 March 2024 £
Trade debtors	21,121	42,122
Prepayments	40,554	64,005
Other debtors	10,829	10,829
	72,504	116,956

7

Creditors

Creditors: amounts falling due within one year

	31 March 2025 £	31 March 2024 £
Taxation and social security	177,360	163,151
Other creditors	21,625	10,937
Accruals and deferred income	8,833	21,022
	207,818	195,110

8	Obligations under operating leases

Operating leases

The total of future minimum lease payments is as follows:

	31 March 2025 £	31 March 2024 £
Not later than one year	44,379	21,416
Later than one year and not later than five years	141,820	8,924
	186,199	30,340

The amount of non-cancellable operating lease payments recognised as an expense during the year was £45,935 (2024 - £21,943).

Bluesky Financial Planners Limited

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

9	Share capital

Allotted, called up and fully paid shares

	31 March 2025		31 March 2024
	No.	£	No.	£
Ordinary A shares of £1 each	12,500	12,500	12,500	12,500
Ordinary B shares of £1 each	4,500	4,500	4,500	4,500
Ordinary C shares of £1 each	7,500	7,500	7,500	7,500
	24,500	24,500	24,500	24,500

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of contingencies not included in the balance sheet is £610,637 (2024 - £738,134). The company has given a fixed and floating charge over assets and a cross-company guarantee to secure a debenture loan liability of its parent undertaking, Bsky Holdings Limited.