IRIS Accounts Production v25.2.0.378 07632908 director 1.6.24 31.5.25 31.5.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07632908 2024-05-31 07632908 2025-05-31 07632908 2024-06-01 2025-05-31 07632908 2023-05-31 07632908 2023-06-01 2024-05-31 07632908 2024-05-31 07632908 ns15:EnglandWales 2024-06-01 2025-05-31 07632908 ns14:PoundSterling 2024-06-01 2025-05-31 07632908 ns10:Director1 2024-06-01 2025-05-31 07632908 ns10:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 07632908 ns10:SmallEntities 2024-06-01 2025-05-31 07632908 ns10:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 07632908 ns10:SmallCompaniesRegimeForDirectorsReport 2024-06-01 2025-05-31 07632908 ns10:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 07632908 ns10:FullAccounts 2024-06-01 2025-05-31 07632908 1 2024-06-01 2025-05-31 07632908 ns10:RegisteredOffice 2024-06-01 2025-05-31 07632908 ns5:CurrentFinancialInstruments 2025-05-31 07632908 ns5:CurrentFinancialInstruments 2024-05-31 07632908 ns5:Non-currentFinancialInstruments 2025-05-31 07632908 ns5:Non-currentFinancialInstruments 2024-05-31 07632908 ns5:ShareCapital 2025-05-31 07632908 ns5:ShareCapital 2024-05-31 07632908 ns5:RetainedEarningsAccumulatedLosses 2025-05-31 07632908 ns5:RetainedEarningsAccumulatedLosses 2024-05-31 07632908 ns5:IntangibleAssetsOtherThanGoodwill 2024-06-01 2025-05-31 07632908 ns5:ComputerSoftware 2024-05-31 07632908 ns5:ComputerSoftware 2025-05-31 07632908 ns5:ComputerSoftware 2024-05-31 07632908 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-05-31 07632908 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-05-31 07632908 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-05-31 07632908 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-05-31 07632908 ns10:Director1 1 2024-05-31 07632908 ns10:Director1 1 2023-05-31 07632908 ns10:Director1 1 2024-06-01 2025-05-31 07632908 ns10:Director1 1 2023-06-01 2024-05-31 07632908 ns10:Director1 1 2025-05-31 07632908 ns10:Director1 1 2024-05-31

REGISTERED NUMBER: 07632908 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

OLD VICARAGE ADVISORY LEGAL (KEMPSTON)

LIMITED

| OLD VICARAGE ADVISORY LEGAL (KEMPSTON) |

| LIMITED (REGISTERED NUMBER: 07632908) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 May 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| OLD VICARAGE ADVISORY LEGAL (KEMPSTON) |

| LIMITED |

COMPANY INFORMATION

for the year ended 31 May 2025

| DIRECTOR: | P A Hillier

| REGISTERED OFFICE: | Winthorpe House

| 29 Church End

| Biddenham

| Bedford

| Bedfordshire

| MK40 4AR

| REGISTERED NUMBER: | 07632908 (England and Wales)

| ACCOUNTANTS: | Magma Audit LLP

| 16 Davy Court

| Castle Mound Way

| Rugby, CV23 0UZ

| Magma Audit LLP is part

| Of the Dains Group

| OLD VICARAGE ADVISORY LEGAL (KEMPSTON) |

| LIMITED (REGISTERED NUMBER: 07632908) |

BALANCE SHEET

31 May 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 5 | 11,547 |  | 18,017 |  |

Cash at bank and in hand | 8,201 |  | 11,482 |  |

19,748 |  | 29,499 |  |

CREDITORS

Amounts falling due within one year | 6 | (14,851 | ) | (19,187 | ) |

NET CURRENT ASSETS | 4,897 |  | 10,312 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,897 |  | 10,312 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | (2,815 | ) |

NET ASSETS | 4,897 |  | 7,497 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | 4,896 |  | 7,496 |  |

SHAREHOLDERS' FUNDS | 4,897 |  | 7,497 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 January 2026 and were signed by:

P A Hillier - Director

| OLD VICARAGE ADVISORY LEGAL (KEMPSTON) |

| LIMITED (REGISTERED NUMBER: 07632908) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 May 2025

1. | STATUTORY INFORMATION

| Old Vicarage Advisory Legal (Kempston) Limited is a private company, limited by shares and registered in England and Wales. Its registered office address is Winthorpe House, 29 Church End, Biddenham, Bedford, Bedfordshire, MK40 4AR and the registered number is 07632908.

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.

| The presentation currency of the financial statements is Pound Sterling (£) and figures are rounded to the nearest £1.

| Turnover

| Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

| Rendering of services

| Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

| - the amount of revenue can be measured reliably;

| - it is probable that the Company will receive the consideration due under the contract;

| - the stage of completion of the contract at the end of the reporting period can be measured reliably; and

| - the costs incurred and the costs to complete the contract can be measured reliably.

| 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.

| The client database is being amortised over its useful life of four years.

| Financial instruments

| (i) Financial assets

| Basic financial assets, including trade and other debtors, 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 rate method.

| (ii) 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 payments discounted at a market rate of interest.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| OLD VICARAGE ADVISORY LEGAL (KEMPSTON) |

| LIMITED (REGISTERED NUMBER: 07632908) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 May 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| The tax expense for the year comprises current and deferred tax.

| Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

| Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

| - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

| - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

| Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date profits.

| Cash and cash equivalents

| Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | INTANGIBLE FIXED ASSETS

| Client

| database

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 2,800 |  |

| AMORTISATION

| At 1 June 2024

| and 31 May 2025 | 2,800 |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  |

| At 31 May 2024 | - |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 11,547 |  | 18,017 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 8) | 12,815 |  | 10,000 |  |

| Trade creditors | - |  | 535 |  |

| Other creditors | 2,036 |  | 8,652 |  |

14,851 |  | 19,187 |  |

| OLD VICARAGE ADVISORY LEGAL (KEMPSTON) |

| LIMITED (REGISTERED NUMBER: 07632908) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 May 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans (see note 8) | - |  | 2,815 |  |

8. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 12,815 |  | 10,000 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | - |  | 2,815 |  |

9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

2025 | 2024 |

£ | £ |

| P A Hillier

| Balance outstanding at start of year | (24 | ) | 28,379 |  |

| Amounts advanced | - |  | 14 |  |

| Amounts repaid | (92 | ) | (28,417 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (116 | ) | (24 | ) |

| The maximum amount overdrawn in the year was £NIL (2024: £28,379) The loan was interest free and repayable on demand.

10. | RELATED PARTY DISCLOSURES

| At the year end, the company was owed £11,547 (2024: £5,837 owed to) from a company under common control and common directors.