1 false false false false false false false false false false true false false false false false false No description of principal activity 2024-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,734 1,585 29 1,614 120 149 xbrli:pure xbrli:shares iso4217:GBP 06811161 2024-03-01 2025-02-28 06811161 2025-02-28 06811161 2024-02-29 06811161 2023-03-01 2024-02-29 06811161 2024-02-29 06811161 2023-02-28 06811161 bus:LeadAgentIfApplicable 2024-03-01 2025-02-28 06811161 bus:Director1 2024-03-01 2025-02-28 06811161 core:WithinOneYear 2025-02-28 06811161 core:WithinOneYear 2024-02-29 06811161 core:ShareCapital 2025-02-28 06811161 core:ShareCapital 2024-02-29 06811161 core:RetainedEarningsAccumulatedLosses 2025-02-28 06811161 core:RetainedEarningsAccumulatedLosses 2024-02-29 06811161 bus:Director1 2023-02-28 06811161 bus:Director1 2023-03-01 2024-02-29 06811161 bus:SmallEntities 2024-03-01 2025-02-28 06811161 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 06811161 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 06811161 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 06811161 bus:FullAccounts 2024-03-01 2025-02-28 06811161 core:OfficeEquipment 2024-03-01 2025-02-28 06811161 core:OfficeEquipment 2025-02-28 06811161 core:OfficeEquipment 2024-02-29
COMPANY REGISTRATION NUMBER: 06811161

Professional Intermediary Introducers Limited

Filleted Unaudited Financial Statements

28 February 2025

Professional Intermediary Introducers Limited

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Professional Intermediary Introducers Limited

Year ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Professional Intermediary Introducers Limited for the year ended 28 February 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Professional Intermediary Introducers Limited in accordance with the terms of our engagement letter dated 10 April 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Professional Intermediary Introducers Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Professional Intermediary Introducers Limited and its director for our work or for this report.
It is your duty to ensure that Professional Intermediary Introducers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Professional Intermediary Introducers Limited. You consider that Professional Intermediary Introducers Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Professional Intermediary Introducers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
PAUL PHILLIS & CO LIMITED Chartered accountants
11a Corelli Street Newport South Wales NP19 7AR
16 February 2026

Professional Intermediary Introducers Limited

Statement of Financial Position

28 February 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 120 | 149

Current assets

Debtors | 6 | – |  | 32
Cash at bank and in hand | 41 |  | 17
| ---- |  | ----
| 41 |  | 49

Creditors: amounts falling due within one year | 7 | 51,357 |  | 50,960
| -------- |  | --------
Net current liabilities |  | 51,316 | 50,911
|  | -------- | --------
Total assets less current liabilities |  | ( 51,196) | ( 50,762)

Provisions

Taxation including deferred tax |  | 30 | 30
|  | -------- | --------
Net liabilities |  | ( 51,226) | ( 50,792)
|  | -------- | --------

Capital and reserves

Called up share capital |  | 40 | 40
Profit and loss account |  | ( 51,266) | ( 50,832)
|  | -------- | --------
Shareholders deficit |  | ( 51,226) | ( 50,792)
|  | -------- | --------

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 statement of comprehensive income has not been delivered.
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Professional Intermediary Introducers Limited

Statement of Financial Position (continued)

28 February 2025
These financial statements were approved by the board of directors and authorised for issue on 16 February 2026 , and are signed on behalf of the board by:

Mr C.C. Price |
Director |

Company registration number: 06811161

Professional Intermediary Introducers Limited

Notes to the Financial Statements

Year ended 28 February 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 Unit 12, Atlantic Point Trading Estate, Barry, Vale of Glamorgan, CF63 3AA.
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
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The items in the financial statements where these judgements and estimates have been made include: Depreciation: The company exercises judgement to determine useful lives and residual values of tangible and intangible assets. The assets are depreciated down to their residual values over their estimated lives.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Income 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Equipment | - | 20% reducing balance

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tangible assets

| Equipment | Total
| £ | £
Cost |  |
At 1 March 2024 and 28 February 2025 | 1,734 | 1,734
| ------- | -------
Depreciation |  |
At 1 March 2024 | 1,585 | 1,585
Charge for the year | 29 | 29
| ------- | -------
At 28 February 2025 | 1,614 | 1,614
| ------- | -------
Carrying amount |  |
At 28 February 2025 | 120 | 120
| ------- | -------
At 29 February 2024 | 149 | 149
| ------- | -------

6. Debtors

| 2025 | 2024
| £ | £
Other debtors | – | 32
| ---- | ----

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 49,110 | 48,473
Other creditors | 2,247 | 2,487
| -------- | --------
| 51,357 | 50,960
| -------- | --------

8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Amounts repaid | Balance outstanding
|  | £ | £ | £
| Mr C.C. Price | – | – | –
|  | ---- | ---- | ----

| 2024
|  | Balance brought forward | Amounts repaid | Balance outstanding
|  | £ | £ | £
| Mr C.C. Price | 6,560 | ( 6,560) | –
|  | ------- | ------- | ----

The company charges interest at the official rate on any loan to its directors which exceeds £10,000 at any time during the course of the year on an annual basis.
9. Related party transactions
The company pays commission and fees to Chris Price Financial Consultancy Limited, on normal commercial terms, of which Mr C.C. Price is the sole director and majority shareholder. Fees and commission paid during the year amounted to £nil (2024 - £670). The amounts owed to Chris Price Financial Consultancy Limited is disclosed in note 8.
10. Controlling party
The company was under the control of the director Mr C.C.Price throughout the current and previous year.