REGISTERED NUMBER: 01140032 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

BACKHOUSE INDEPENDENT

FINANCIAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

S R Backhouse

J S W Backhouse

G R Tracey

D C Cockburn-Price

Secretary:

D C Cockburn-Price

Registered office:

Oakmount House

7-9 Carrside

Nelson

Lancashire

BB9 6RX

Registered number:

01140032 (England and Wales)

Accountants:

S&W Partners (Manchester) Limited

Accountants

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Fixed assets

Tangible assets

5

2,414

3,009

Current assets

Debtors

6

19,328

680,509

Cash at bank

649,518

467,217

668,846

1,147,726

Creditors

Amounts falling due within one year

7

429,383

934,953

Net current assets

239,463

212,773

Total assets less current liabilities

241,877

215,782

Provisions for liabilities

600

600

Net assets

241,277

215,182

Capital and reserves

Called up share capital

8

85,000

85,000

Retained earnings

156,277

130,182

Shareholders' funds

241,277

215,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by:

J S W Backhouse - Director

1.	Statutory information

Backhouse Independent Financial Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly-owned subsidiaries within the group.

Turnover

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

Commission income is recognised once remittance has been received in full.

Any other income is recognised on completion of the service provided.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer equipment - 25% straight line

Fixtures and fittings - 20% straight line

Financial instruments

a) Financial assets

Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method. There are no assets which are initially measured at fair value.

b) Financial liabilities

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 year 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.

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.

4.	Employees and directors

The average number of employees during the year was 6 (2024 - 5 ) .

5.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 July 2024

407

17,532

17,939

Additions

108

783

891

Disposals

-

(5,615

)

(5,615

)

At 30 June 2025

515

12,700

13,215

Depreciation

At 1 July 2024

58

14,872

14,930

Charge for year

83

1,403

1,486

Eliminated on disposal

-

(5,615

)

(5,615

)

At 30 June 2025

141

10,660

10,801

Net book value

At 30 June 2025

374

2,040

2,414

At 30 June 2024

349

2,660

3,009

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

5,000

-

Amounts owed by group undertakings

-

677,383

Other debtors

14,328

3,126

19,328

680,509

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Amounts owed to group undertakings

299,394

817,778

Taxation and social security

10,440

9,260

Other creditors

119,549

107,915

429,383

934,953

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

85,000

Ordinary

£1

85,000

85,000