Company registration number 09777885 (England and Wales)
PLAN WITH GRACE LIMITED
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
PLAN WITH GRACE LIMITED
COMPANY INFORMATION
Directors
Mr R S Duckworth
Mr C A Rogers
Mr P Richardson
Secretary
Mr H Jackson
Company number
09777885
Registered office
Thomas House
84 Eccleston Square
London
England
SW1V 1PX
Accountants
Kirk Rice LLP
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
Solicitors
Adams & Remers
4 Lincoln's Inn Fields
Holborn
London
WC2A 3AA
PLAN WITH GRACE LIMITED
CONTENTS
Page
Accountants' report
1
Group balance sheet
2 - 3
Company balance sheet
4 - 5
Notes to the financial statements
6 - 19
PLAN WITH GRACE LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PLAN WITH GRACE LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Plan With Grace Limited for the year ended 30 September 2025 which comprise, the group balance sheet, the company balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Plan With Grace Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Plan With Grace Limited and state those matters that we have agreed to state to the Board of Directors of Plan With Grace Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Plan With Grace Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Plan With Grace 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 Plan With Grace Limited. You consider that Plan With Grace 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 Plan With Grace 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 f inancial statements.

Kirk Rice LLP
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
31 March 2026
PLAN WITH GRACE LIMITED
GROUP BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 2 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Intangible assets
5
169,134
189,537
Tangible assets
4
13,250
13,563
182,384
203,100
Current assets
Debtors
8
2,539,336
2,546,404
Cash at bank and in hand
254,298
301,546
2,793,634
2,847,950
Creditors: amounts falling due within one year
9
(2,912,057)
(2,599,444)
Net current (liabilities)/assets
(118,423)
248,506
Total assets less current liabilities
63,961
451,606
Provisions for liabilities
(26,358)
(32,836)
Net assets excluding pension surplus
37,603
418,770
Trust actuarial surplus
11
2,932,425
2,226,000
Net assets
2,970,028
2,644,770
Capital and reserves
Called up share capital
1,594
1,594
Share premium account
438,157
438,157
Capital redemption reserve
375
375
Other reserves
23,534
23,534
Profit and loss reserves
2,506,368
2,181,110
Total equity
2,970,028
2,644,770
PLAN WITH GRACE LIMITED
GROUP BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2025
30 September 2025
- 3 -

T he directors of the group have elected not to include a copy of the profit and loss account within the financial statements.

For the financial year ended 30 September 2025 the group was entitled to exemption from audit under section 477 of the Companies Act 2006.

Directors' responsibilities under the Companies Act 2006:

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 have been prepared in accordance with the provisions applicable to groups and companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 31 March 2026 and are signed on its behalf by:
31 March 2026
Mr R S Duckworth
Director
Company registration number 09777885 (England and Wales)
PLAN WITH GRACE LIMITED
COMPANY BALANCE SHEET
AS AT 30 SEPTEMBER 2025
30 September 2025
- 4 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Intangible assets
5
93,544
103,148
Tangible assets
4
11,886
11,114
Investments
7
23,564
23,564
128,994
137,826
Current assets
Debtors
8
3,424,592
3,028,489
Cash at bank and in hand
165,451
147,900
3,590,043
3,176,389
Creditors: amounts falling due within one year
9
(2,696,485)
(2,460,602)
Net current assets
893,558
715,787
Total assets less current liabilities
1,022,552
853,613
Provisions for liabilities
(26,358)
(32,836)
Net assets excluding trust actuarial surplus
996,194
820,777
Trust actuarial surplus
11
2,932,425
2,226,000
Net assets
3,928,619
3,046,777
Capital and reserves
Called up share capital
1,594
1,594
Share premium account
438,157
438,157
Capital redemption reserve
375
375
Other reserves
23,534
23,534
Profit and loss reserves
3,464,959
2,583,117
Total equity
3,928,619
3,046,777
PLAN WITH GRACE LIMITED
COMPANY BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2025
30 September 2025
- 5 -

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s loss for the year was £60,057 (2024 - £111,230 loss).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 31 March 2026 and are signed on its behalf by:
31 March 2026
Mr R S Duckworth
Director
Company registration number 09777885 (England and Wales)
PLAN WITH GRACE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
1
Accounting policies
Company information

Plan With Grace Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is .

The group consists of Plan With Grace Limited and all of its subsidiaries.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Plan With Grace Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

The individual financial statements of all subsidiaries are made up to 30 September. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

1.4
Going concern

The Directors have prepared their going concern assessment and have determined in light of the assessment prepared, which includes but is not limited to cashflow forecasts for a period of at least 12 months from the date of signing these accounts, that the Group is a going concern on the basis of post year end results to date and the forecasted performance of the business. The Directors no longer believe that the Group will be reliant on continued investment from the shareholders and therefore do not believe there to be any specific indicators that cast doubt on the Group's ability to meet its liabilities as and when they fall due.

PLAN WITH GRACE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 7 -
1.5
Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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.

Revenue represents consideration receivable in respect of the arranging of funeral plans net of value added tax.

Trust plans
The Company markets and sells pre-arranged funeral plans, with monies received from selling funeral plans being held and controlled by an independent pre-arranged funeral plan trust (“the Trust”). The responsibility for the ultimate performance of funerals is allocated to funeral directors, who are selected by the beneficiary of the plan.

The Company receives monies from customers in respect of an administration fee in respect of each plan sold. Administration fees are included in the Company’s revenue when the related plan is sold.

All costs in respect of the marketing and administration of the pre-arranged funeral plans are expensed in the Company’s Statement of Comprehensive Income as incurred.

The Trust is a "bare trust", with all the income and gains accruing to the company. Each year, the Company draws an amount equivalent to its estimate of this income from the Investment Surplus accrued. The Rules on this process are laid out by the FCA and the Trust needs to maintain an actuarial surplus of at least 110% of its liabilities. The amount withdrawn has to be approved by the Actuary and the Trustees. The Trust also pays out for funerals each year where the plans are called.

Neither the sales value of plans or the costs of providing funerals are recognised in the financial statements of the company when a pre-arranged funeral plan is sold or the funeral service is delivered.

At need funerals

Income arising in the subsidiary relates to "at need" funerals where the sale is for the funeral itself, rather than a plan to provide a funeral at a future date. Contrary to the above, in these cases the sales value of plans and the costs of providing funerals are recognised in the financial statements of the company. Income is recognised when the contract to provide the funeral is signed with the customer. The contract can be with an individual, another funeral director, or a funeral plan provider, and the underlying policy to recognise turnover is the same in each instance.

PLAN WITH GRACE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 8 -
1.6
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and impairment losses, and is adjusted for changes in contingent consideration after the acquisition date. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.7
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
33% on cost
1.8
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
33% on cost
Computers
33% on cost

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 recognised in the profit and loss account.

1.9
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

PLAN WITH GRACE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 9 -
1.10
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

1.11
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.12
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Short term debtors are measured at transaction prices, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

1.13
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

PLAN WITH GRACE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 10 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.14
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

The cost of providing benefits under defined benefit plans is determined separately for each plan using the projected unit credit method, and is based on actuarial advice.

The change in the net defined benefit liability arising from employee service during the year is recognised as an employee cost. The cost of plan introductions, benefit changes, settlements and curtailments are recognised as an expense in measuring profit or loss in the period in which they arise.

The net interest element is determined by multiplying the net defined benefit liability by the discount rate, taking into account any changes in the net defined benefit liability during the period as a result of contribution and benefit payments. The net interest is recognised in profit or loss as other finance revenue or cost.

Remeasurement changes comprise actuarial gains and losses, the effect of the asset ceiling and the return on the net defined benefit liability excluding amounts included in net interest. These are recognised immediately in other comprehensive income in the period in which they occur and are not reclassified to profit and loss in subsequent periods.

The net defined benefit pension asset or liability in the balance sheet comprises the total for each plan of the present value of the defined benefit obligation (using a discount rate based on high quality corporate bonds), less the fair value of plan assets out of which the obligations are to be settled directly. Fair value is based on market price information, and in the case of quoted securities is the published bid price. The value of a net pension benefit asset is limited to the amount that may be recovered either through reduced contributions or agreed refunds from the scheme.

1.15
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

1.16
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

PLAN WITH GRACE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 11 -
2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are 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 that are 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 period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Non consolidation of the Trust

The Company markets and sells pre-paid funeral plans or funeral benefit options and provides ongoing administrative support to customers through to the provision of the end service under the funeral plan. Monies received from selling funeral plans are held and controlled by Plan With Grace Funeral Payment Trust ('the Trust'), who make payment to the funeral directors on the instruction of the Company when a customer passes away. The Trust is not consolidated on the basis that the Company does not control the Trust, or vice versa. The Directors consider annually whether there have been any changes to terms and conditions, or accounting standards that would change this determination.

Actuarial surplus

The actuarial surplus is determined based on an actuarial valuation of the underlying obligation to funeral plan holders. The Directors rely on this valuation, prepared by an appropriately qualified actuary, as the basis for estimating the future costs of fulfilling the prepaid funeral plans.

Notwithstanding the use of a professional actuary, the Directors retain overall responsibility for the judgements and estimates underpinning the financial statements. This includes responsibility for assessing the appropriateness of the valuation methodology and the reasonableness of the key assumptions applied. Accordingly, the measurement of the creditor remains subject to estimation uncertainty.

While the underlying data used in the valuation, including plan values and policyholder demographic information, is based on known and verifiable records, estimation uncertainty arises in respect of the assumptions applied to that data. These assumptions are inherently subjective and include:

- life expectancy and mortality projections,

- the timing and profile of future cash outflows associated with the settlement of funeral plans, and

- discount rates applied to reflect the time value of money.

Changes in these assumptions, whether arising from experience variances or revisions to underlying expectations, could result in material adjustments to the carrying value of the actuarial surplus for each financial year.

The Directors have applied their judgement in determining that the actuarial valuation provides a suitable basis for measuring the anticipated future drawdowns from the Trust, over and above the expected amount of future cash outflows required to settle the underlying funeral plan liabilities.

PLAN WITH GRACE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 12 -
3
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Total
12
13
12
13
4
Tangible fixed assets
Group
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 October 2024
7,386
45,737
53,123
Additions
800
8,119
8,919
At 30 September 2025
8,186
53,856
62,042
Depreciation and impairment
At 1 October 2024
4,765
34,795
39,560
Depreciation charged in the year
1,424
7,808
9,232
At 30 September 2025
6,189
42,603
48,792
Carrying amount
At 30 September 2025
1,997
11,253
13,250
At 30 September 2024
2,621
10,942
13,563
PLAN WITH GRACE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
4
Tangible fixed assets
(Continued)
- 13 -
Company
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 October 2024
1,247
22,108
23,355
Additions
800
8,119
8,919
At 30 September 2025
2,047
30,227
32,274
Depreciation and impairment
At 1 October 2024
559
11,682
12,241
Depreciation charged in the year
572
7,575
8,147
At 30 September 2025
1,131
19,257
20,388
Carrying amount
At 30 September 2025
916
10,970
11,886
At 30 September 2024
688
10,426
11,114
5
Intangible fixed assets
Group
Goodwill
Software
Total
£
£
£
Cost
At 1 October 2024
107,987
352,671
460,658
Additions
-
0
63,600
63,600
At 30 September 2025
107,987
416,271
524,258
Amortisation and impairment
At 1 October 2024
21,598
249,523
271,121
Amortisation charged for the year
10,799
73,204
84,003
At 30 September 2025
32,397
322,727
355,124
Carrying amount
At 30 September 2025
75,590
93,544
169,134
At 30 September 2024
86,389
103,148
189,537
PLAN WITH GRACE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
5
Intangible fixed assets
(Continued)
- 14 -
Company
Software
£
Cost
At 1 October 2024
352,671
Additions
63,600
At 30 September 2025
416,271
Amortisation and impairment
At 1 October 2024
249,523
Amortisation charged for the year
73,204
At 30 September 2025
322,727
Carrying amount
At 30 September 2025
93,544
At 30 September 2024
103,148
6
Subsidiaries

Details of the company's subsidiaries at 30 September 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
The Funeral Market Ltd
Brewery House, 4 Castle Street, Buckingham, England, MK18 1BS
Ordinary
100.00
7
Fixed asset investments
Group
Company
2025
2024
2025
2024
£
£
£
£
Investments in subsidiaries
-
0
-
0
23,564
23,564
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 October 2024 and 30 September 2025
23,564
Carrying amount
At 30 September 2025
23,564
At 30 September 2024
23,564
PLAN WITH GRACE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 15 -
8
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
2,194,101
2,118,451
2,158,977
2,031,594
Corporation tax recoverable
-
0
12,890
-
0
-
0
Amounts owed by group
-
0
-
0
1,004,978
659,321
Other debtors
345,235
415,063
260,637
337,574
2,539,336
2,546,404
3,424,592
3,028,489

Included within current other debtors is a £127,000 (2024: £132,000 shown in non-current debtors) loan made to a related party which is interest-free and repayable on or before 30 September 202 6.

9
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
£
£
£
£
Trade creditors
195,163
161,377
101,158
105,103
Corporation tax payable
-
0
63,755
-
0
63,755
Other taxation and social security
17,089
17,188
17,089
17,188
Other creditors
2,699,805
2,357,124
2,578,238
2,274,556
2,912,057
2,599,444
2,696,485
2,460,602
10
Deferred income
Group
Company
2025
2024
2025
2024
£
£
£
£
Other deferred income
673
-
673
-
11
Trust surplus
Trust - group and company

M onies received from selling funeral plans are held and controlled by Plan With Grace Funeral Payment Trust ('the Trust'), who make payment to the funeral directors on the instruction of the Company when a customer passes away.

The most recent actuarial valuations of trust assets and the present value of the trus t obligation were carried out on 30 September 2025 by WBR Group, Fellow of the Institute of Actuaries.

PLAN WITH GRACE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
11
Trust surplus
(Continued)
- 16 -
The amounts included in the balance sheet arising from the trust are as follows:
Group and company
2025
2024
£
£
Present value of trust obligations
8,094,000
7,149,000
Fair value of trust assets
(11,026,425)
(9,375,000)
Surplus in scheme
(2,932,425)
(2,226,000)
Total asset recognised
(2,932,425)
(2,226,000)
Group and company
2025
2024
Amounts recognised in other comprehensive income
£
£
Costs/(income):
Actual return on scheme assets
(1,641,900)
(1,135,000)
Less: calculated interest element
-
-
Return on scheme assets excluding interest income
(1,641,900)
(1,135,000)
Group and company
2025
Movements in the present value of trust obligations
Liabilities at 1 October 2024
7,149,000
Other movements
945,000
At 30 September 2025
8,094,000
Group and company
2025
Movements in the fair value of trust assets
£
Fair value of assets at 1 October 2024
9,375,000
Actuarial surplus
1,641,900
Drawdowns
(700,000)
Deferred tax provision
(235,475)
Other movements
945,000
At 30 September 2025
11,026,425
PLAN WITH GRACE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 17 -
12
Operating lease commitments
Lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
50,949
50,400
50,949
50,400
13
Related party transactions

During the year, fees of £87,700 were charged by Hawkwood Capital LLP (2024: £80,208) for professional services rendered, which was fully paid in the year. Hawkwood Capital LLP is an entity in which a director of Plan With Grace Limited is a member. In addition, fees of £53,980 were charged by Granville Document Solutions Ltd (2024: £57,366) for printing services, of which £9,574 (2024: £4,338) was outstanding at the year end. Granville Document Solutions Ltd is a company in which a director of Plan With Grace Limited is also a director and owner. Plan With Grace has previously extended an interest-free loan of £132,000 to Companies With Grace Limited, and the total amount outstanding at the year end was £127,000 (2024: £132,000). Companies With Grace Limited shares two directors with Plan With Grace Limited.

In addition, during the year Plan With Grace Limited paid expenses of the Trust amounting to £134,494 (2024: £97,119), including trustee fees of £59,205 (2024: £59,423) and audit fees of £18,750 (2024: £16,200).

Contained within creditors are amounts of £265,733 (2024: £71,716) due from Plan With Grace Funeral Plan Trust.

Of this balance, £160,334 (2024: £Nil) relates to a corporation tax refund for Plan With Grace Funeral Plan Trust held by Plan With Grace Limited as at 30 September 2025. The balance is interest-free and repayable on demand.

The remaining £105,399 (2024: £71,716) represents funds held within client accounts of Plan With Grace Funeral Plan Trust, which are subject to initial cooling-off periods. The balance is interest-free and is payable in accordance with the applicable cooling-off terms.

14
Prior period adjustment
PLAN WITH GRACE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
14
Prior period adjustment
(Continued)
- 18 -
Reconciliation of changes in equity - group
1 October
30 September
2023
2024
£
£
Adjustments to prior year
Recognition of actuarial surplus
2,483,000
2,968,000
Deferred tax impact of above
(620,750)
(742,000)
Total adjustments
1,862,250
2,226,000
Equity as previously reported
686,868
418,770
Equity as adjusted
2,549,118
2,644,770
Analysis of the effect upon equity
Profit and loss reserves
1,864,000
2,226,000
Reconciliation of changes in loss for the previous financial period
2024
£
Adjustments to prior year
Deferred tax impact of above
(121,250)
Loss as previously reported
(268,098)
Loss as adjusted
(389,348)
Reconciliation of changes in equity - company
1 October
30 September
2023
2024
£
£
Adjustments to prior year
Recognition of actuarial surplus
2,484,000
2,831,000
Deferred tax impact of above
(621,000)
(708,000)
Total adjustments
1,863,000
2,123,000
Equity as previously reported
810,757
820,777
Equity as adjusted
2,673,757
2,943,777
Analysis of the effect upon equity
Profit and loss reserves
1,862,000
2,226,000
PLAN WITH GRACE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
14
Prior period adjustment
(Continued)
- 19 -
Reconciliation of changes in profit/(loss) for the previous financial period
2024
£
Adjustments to prior year
Deferred tax impact of above
(121,250)
Profit as previously reported
10,020
Loss as adjusted
(111,230)
Notes to reconciliation
Recognition of actuarial surplus

Following a review of the company's rights per the Trust Deed regarding the assets and actuarial surplus in the Trust, the directors have elected to recognise the actuarial surplus arising in the Trust in the financial statements of the company and the group. This is shown separately to the other assets on the balance sheet. As a result, the directors have provided for deferred tax on this asset as crystallisation of this surplus will result in a tax liability for the company.

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