REGISTERED NUMBER: 08448809 (England and Wales)

Unaudited Financial Statements

for the Period 1 October 2024 to 31 March 2025

for

Browning Financial Planning Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

1,575

2,100

Tangible assets

5

39,551

45,124

41,126

47,224

CURRENT ASSETS

Debtors

6

18,902

6,744

Investments

7

37,755

37,630

Cash at bank

3,958

9,181

60,615

53,555

CREDITORS

Amounts falling due within one year

8

50,412

37,108

NET CURRENT ASSETS

10,203

16,447

TOTAL ASSETS LESS CURRENT LIABILITIES

51,329

63,671

CREDITORS

Amounts falling due after more than one year

9

(30,944

)

(33,360

)

PROVISIONS FOR LIABILITIES

(1,520

)

(1,718

)

NET ASSETS

18,865

28,593

CAPITAL AND RESERVES

Called up share capital

204

204

Fair value reserve

10

7,129

7,010

Retained earnings

11,532

21,379

18,865

28,593

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by:

D Browning - Director

1.	STATUTORY INFORMATION

Browning Financial Planning Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08448809

Registered office:

First Floor Cef Building

Broomhill Way

Torquay

Devon

TQ2 7QN

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.

Critical accounting judgements and key sources of estimation uncertainty

In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 31 March 2025

10,500

AMORTISATION

At 1 October 2024

8,400

Charge for period

525

At 31 March 2025

8,925

NET BOOK VALUE

At 31 March 2025

1,575

At 30 September 2024

2,100

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2024

and 31 March 2025

61,913

DEPRECIATION

At 1 October 2024

16,789

Charge for period

5,573

At 31 March 2025

22,362

NET BOOK VALUE

At 31 March 2025

39,551

At 30 September 2024

45,124

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 October 2024

and 31 March 2025

47,816

DEPRECIATION

At 1 October 2024

and 31 March 2025

9,563

NET BOOK VALUE

At 31 March 2025

38,253

At 30 September 2024

38,253

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

30.9.24

£

£

Trade debtors

750

1,700

Other debtors

18,152

5,044

18,902

6,744

7.	CURRENT ASSET INVESTMENTS

31.3.25

30.9.24

£

£

Listed investments

37,755

37,630

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

30.9.24

£

£

Finance leases

4,832

4,832

Taxation and social security

35,905

24,480

Other creditors

9,675

7,796

50,412

37,108

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

30.9.24

£

£

Finance leases

30,944

33,360

10.

RESERVES

Fair

value

reserve

£

At 1 October 2024

7,010

Transfer from P&L reserve

119

At 31 March 2025

7,129