20 June 2024 false No description of principal activity Taxfiler 2024.6 true 15790389 business:PrivateLimitedCompanyLtd 2024-06-20 2025-06-30 15790389 2024-06-19 15790389 2024-06-20 2025-06-30 15790389 business:AuditExempt-NoAccountantsReport 2024-06-20 2025-06-30 15790389 business:FilletedAccounts 2024-06-20 2025-06-30 15790389 2025-06-30 15790389 business:Director1 2024-06-20 2025-06-30 15790389 business:RegisteredOffice 2024-06-20 2025-06-30 15790389 core:WithinOneYear 2025-06-30 15790389 core:AfterOneYear 2025-06-30 15790389 core:ShareCapital core:PreviouslyStatedAmount 2025-06-30 15790389 core:SharePremium core:PreviouslyStatedAmount 2025-06-30 15790389 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-06-30 15790389 core:PreviouslyStatedAmount 2025-06-30 15790389 business:SmallEntities 2024-06-20 2025-06-30 15790389 countries:EnglandWales 2024-06-20 2025-06-30 15790389 core:ComputerEquipment 2024-06-20 2025-06-30 15790389 core:Goodwill 2024-06-19 15790389 core:Goodwill 2024-06-20 2025-06-30 15790389 core:Goodwill 2025-06-30 15790389 core:ComputerEquipment 2024-06-19 15790389 core:ComputerEquipment 2025-06-30 15790389 core:AdditionsToInvestments 2025-06-30 15790389 business:OrdinaryShareClass1 2024-06-20 2025-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 15790389 (England and Wales)
Nicola Page Financial Solutions Ltd Unaudited accounts for the period from 20 June 2024 to 30 June 2025
Nicola Page Financial Solutions Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Nicola Page Financial Solutions Ltd Company Information for the period from 20 June 2024 to 30 June 2025
Director
Nicola Diane Page
Company Number
15790389 (England and Wales)
Registered Office
The Hawthorns Moor End Kelfield York North Yorkshire YO19 6RJ England
Accountants
SJW Business Solutions Thornborough Hall Moor Road Leyburn North Yorkshire DL8 5AB
- 3 -
Nicola Page Financial Solutions Ltd Statement of financial position as at 30 June 2025
2025
Notes
£
Fixed assets
Intangible assets
3
211,457
Tangible assets
4
2,376
Investments
5
336,715
550,548
Current assets
Debtors
6
100
Cash at bank and in hand
27,809
27,909
Creditors: amounts falling due within one year
7
(46,424)
Net current liabilities
(18,515)
Total assets less current liabilities
532,033
Creditors: amounts falling due after more than one year
8
(289,029)
Net assets
243,004
Capital and reserves
Called up share capital
9
101
Share premium
223,894
Profit and loss account
19,009
Shareholders' funds
243,004
For the period ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 March 2026 and were signed on its behalf by
Nicola Diane Page Director Company Registration No. 15790389
- 4 -
Nicola Page Financial Solutions Ltd Notes to the Accounts for the period from 20 June 2024 to 30 June 2025
1
Statutory information
Nicola Page Financial Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 15790389. The registered office is The Hawthorns, Moor End, Kelfield, York, North Yorkshire, YO19 6RJ, England.
2
Accounting policies
Basis of preparation
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.
Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Turnover
Income represents the fair value of amounts derived from commission and fees earned. Turnover is recognised in the period in which the right to consideration is certain. Turnover is reported net of discounts, rebates, VAT and other sales taxes
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on Cost
Investments
Investments in subsidiary undertakings are stated at cost less any impairment.
Intangible fixed assets
Goodwill arising on the transfer of the business has been capitalised and is being amortised on a straight-line basis over its estimated useful economic life of 10 years. The directors consider this to reflect the expected duration of the underlying client relationships and recurring income streams.
- 5 -
Nicola Page Financial Solutions Ltd Notes to the Accounts for the period from 20 June 2024 to 30 June 2025
3
Intangible fixed assets
Goodwill
£
Cost
At 20 June 2024
-
Additions
223,895
At 30 June 2025
223,895
Amortisation
At 20 June 2024
-
Charge for the period
12,438
At 30 June 2025
12,438
Net book value
At 30 June 2025
211,457
Goodwill represents the value of the client bank and ongoing relationships transferred from the sole trade business. Based on the nature of the client base and expected retention levels, the directors have assessed the useful economic life to be 10 years.
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 20 June 2024
-
Additions
2,376
At 30 June 2025
2,376
Depreciation
At 30 June 2025
-
Net book value
At 30 June 2025
2,376
5
Investments
Subsidiary undertakings
£
Valuation at 20 June 2024
-
Additions
336,715
Valuation at 30 June 2025
336,715
The investment represents the acquisition of 100% of the issued share capital of E-Wealth Limited during the year. The consideration for the acquisition was £336,715, funded by a combination of external borrowing and deferred consideration. The investment is stated at cost less any impairment. The directors consider the carrying value of the investment to be recoverable based on the expected future income streams of the subsidiary.
6
Debtors
2025
£
Amounts falling due within one year
Other debtors
100
- 6 -
Nicola Page Financial Solutions Ltd Notes to the Accounts for the period from 20 June 2024 to 30 June 2025
7
Creditors: amounts falling due within one year
2025
£
Bank loans and overdrafts
33,385
Taxes and social security
9,289
Accruals
3,750
46,424
8
Creditors: amounts falling due after more than one year
2025
£
Bank loans
223,229
Other creditors
65,800
289,029
9
Share capital
2025
£
Allotted, called up and fully paid:
101 Ordinary shares of £1 each
101
Shares issued during the period:
1 Ordinary shares of £1 each
1
10
Transactions with related parties
During the year, the company acquired the business of the director’s sole trade as a going concern. The consideration was satisfied through the issue of shares and the transaction was undertaken at fair value. The goodwill recognised represents the value of the client relationships transferred to the company.
11
Average number of employees
During the period the average number of employees was 1.
- 7 -