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COMPANY REGISTRATION NUMBER: 05870936

Townends Accountants Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Townends Accountants Limited

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Intangible assets | 4 |  | 4,250 |  | 8,500
Investments | 5 |  | 1,300,000 |  | 1,300,000
|  | ------------- |  | -------------
|  | 1,304,250 |  | 1,308,500

Current assets

Debtors | 6 | 171,604 |  | 129,720 |
Cash at bank and in hand | 147,113 |  | 225,376 |
| ---------- |  | ---------- |
| 318,717 |  | 355,096 |

Creditors: amounts falling due within one year | 7 | 62,966 |  | 63,594 |
| ---------- |  | ---------- |
Net current assets |  | 255,751 |  | 291,502
|  | ------------- |  | -------------
Total assets less current liabilities |  | 1,560,001 |  | 1,600,002
|  | ------------- |  | -------------

Townends Accountants Limited

Statement of Financial Position (continued)

31 March 2025

| 2025 | 2024
Note | £ | £ | £ | £

Capital and reserves

Called up share capital |  | 1 |  | 1
Profit and loss account |  | 1,560,000 |  | 1,600,001
|  | ------------- |  | -------------
Shareholders funds |  | 1,560,001 |  | 1,600,002
|  | ------------- |  | -------------

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 income statement has not been delivered.
For the 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 financial statements for the year 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 were approved by the board of directors and authorised for issue on 9 December 2025 , and are signed on behalf of the board by:

A Cooper
Director

Company registration number: 05870936

Townends Accountants Limited

Notes to the Financial Statements

Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Carlisle Chambers, Carlisle Street, Goole, East Yorkshire, DN14 5DX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity .
(b) Going concern
The UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered these effect of these matters on the company with the information available to it, and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c) Current & deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
(d) 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 twenty years.
(e) 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:

| Goodwill | - | 5% straight line

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.
(f) Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
(g) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date .
(h) Financial instruments
Financial Instruments are classified and accounted for according to the substance of the contractual arrangement as either financial assets, financial liabilities or equity investments. An equity investment is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities.
4. Intangible assets

| Goodwill
| £
Cost |
At 1 April 2024 and 31 March 2025 | 203,100
| ----------
Amortisation |
At 1 April 2024 | 194,600
Charge for the year | 4,250
| ----------
At 31 March 2025 | 198,850
| ----------
Carrying amount |
At 31 March 2025 | 4,250
| ----------
At 31 March 2024 | 8,500
| ----------

5. Investments

| Other investments other than loans
| £
Cost |
At 1 April 2024 and 31 March 2025 | 1,300,000
| -------------
Impairment |
At 1 April 2024 and 31 March 2025 | –
| -------------

Carrying amount |
At 31 March 2025 | 1,300,000
| -------------
At 31 March 2024 | 1,300,000
| -------------

6. Debtors

| 2025 | 2024
| £ | £
Other debtors | 171,604 | 129,720
| ---------- | ----------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Corporation tax | 62,966 | 63,594
| -------- | --------

8. Related party transactions
The company is a Designated Member of Townends Accountants LLP and was under the control of the Designated Members of Townends Accountants LLP throughout the current year. At 31st March 2025 the Company had provided Partnership Capital of £1,300,000 (2024 - £1,300,000) to Townends Accountants LLP.