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Company No: 14105344 (England and Wales)

# STERLING FINANCIAL ADVICE LTD

### Unaudited Financial Statements
For the financial year ended 31 July 2025
Pages for filing with the registrar

STERLING FINANCIAL ADVICE LTD

## Unaudited Financial Statements

For the financial year ended 31 July 2025

Contents

STERLING FINANCIAL ADVICE LTD

## BALANCE SHEET

As at 31 July 2025
STERLING FINANCIAL ADVICE LTD

## BALANCE SHEET (continued)

As at 31 July 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 5 | 35,927 |  | 58,829
Investments | 6 | 911,880 |  | 911,880
|  | 947,807 |  | 970,709
Current assets |  |  |  |
Debtors | 7 | 4,356 |  | 5,803
Cash at bank and in hand |  | 24,275 |  | 69,823
|  | 28,631 |  | 75,626
Creditors: amounts falling due within one year | 8 | ( 123,911) |  | ( 160,683)
Net current liabilities |  | (95,280) |  | (85,057)
Total assets less current liabilities |  | 852,527 |  | 885,652
Creditors: amounts falling due after more than one year | 9 | ( 371,870) |  | ( 403,747)
Net assets |  | 480,657 |  | 481,905
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 480,557 |  | 481,805
Total shareholders' funds |  | 480,657 |  | 481,905

For the financial year ending 31 July 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 financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Sterling Financial Advice Ltd (registered number: 14105344) were approved and authorised for issue by the Director on 27 January 2026. They were signed on its behalf by:

Mr J Lowe Director |

STERLING FINANCIAL ADVICE LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025
STERLING FINANCIAL ADVICE LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Sterling Financial Advice Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sterling House, 2-6 Market Place, Atherton, M46 0GG, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Revenue for the provision of professional services is recognised by reference to the stage of completion, when the stage of completion, costs incurred and costs to complete can be estimated reliably.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences, and deferred tax assets are recognised to the extent that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles | 4 years straight line
Fixtures and fittings | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Fixed asset investments

Investments in subsidiaries, associates and jointly controlled entities are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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 Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

#### 2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount 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 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 the period in which the estimates are revised.

#### 3. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 10 |  | 9

#### 4. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 August 2024 | 603,171 |  | 603,171
At 31 July 2025 | 603,171 |  | 603,171
Accumulated amortisation |  |  |
At 01 August 2024 | 603,171 |  | 603,171
At 31 July 2025 | 603,171 |  | 603,171
Net book value |  |  |
At 31 July 2025 | 0 |  | 0
At 31 July 2024 | 0 |  | 0

#### 5. Tangible assets

| Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 August 2024 | 89,604 |  | 2,003 |  | 91,607
At 31 July 2025 | 89,604 |  | 2,003 |  | 91,607
Accumulated depreciation |  |  |  |  |
At 01 August 2024 | 31,986 |  | 792 |  | 32,778
Charge for the financial year | 22,401 |  | 501 |  | 22,902
At 31 July 2025 | 54,387 |  | 1,293 |  | 55,680
Net book value |  |  |  |  |
At 31 July 2025 | 35,217 |  | 710 |  | 35,927
At 31 July 2024 | 57,618 |  | 1,211 |  | 58,829

#### 6. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 August 2024 | 911,880
At 31 July 2025 | 911,880
Carrying value at 31 July 2025 | 911,880
Carrying value at 31 July 2024 | 911,880

#### 7. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 459 |  | 0
Other debtors | 3,897 |  | 5,803
| 4,356 |  | 5,803

#### 8. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Taxation and social security | 26,831 |  | 52,321
Other creditors | 97,080 |  | 108,362
| 123,911 |  | 160,683

#### 9. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Other creditors | 371,870 |  | 403,747

There are no amounts included above in respect of which any security has been given by the small entity.