Company Registration No. 04680645 (England and Wales)
LIFETIME FINANCIAL ADVISERS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
LIFETIME FINANCIAL ADVISERS LTD
COMPANY INFORMATION
Directors
Mr David Parkes-Smith
Ms J Roberts
Company number
04680645
Registered office
Rhyd
Hendre Road
Groesffordd
Conwy
LL32 8SQ
Accountants
Gareth Hughes & Company Limited
The Round House
Glan-y-Mor Road
Llandudno Junction
Conwy
LL31 9SN
LIFETIME FINANCIAL ADVISERS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
LIFETIME FINANCIAL ADVISERS LTD
BALANCE SHEET
AS AT 31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
925
1,261
Investments
4
47,158
40,144
48,083
41,405
Current assets
Cash at bank and in hand
62,288
55,909
Creditors: amounts falling due within one year
5
(29,142)
(32,267)
Net current assets
33,146
23,642
Total assets less current liabilities
81,229
65,047
Provisions for liabilities
6
(10,539)
(8,786)
Net assets
70,690
56,261
Capital and reserves
Called up share capital
7
167
167
Profit and loss reserves
70,523
56,094
Total equity
70,690
56,261

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 22 April 2026 and are signed on its behalf by:
Mr David Parkes-Smith
Director
Company registration number 04680645 (England and Wales)
LIFETIME FINANCIAL ADVISERS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

Lifetime Financial Advisers Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Rhyd, Hendre Road, Groesffordd, Conwy, LL32 8SQ.

1.1
Accounting convention

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents sales and commissions earned.

1.3
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:

Computer equipment
25% Straight Line

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.

1.4
Financial instruments

The company 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 company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

1.5
Taxation

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

LIFETIME FINANCIAL ADVISERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -
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 company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

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.

2
Employees

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

2026
2025
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2025 and 31 March 2026
6,755
Depreciation and impairment
At 1 April 2025
5,494
Depreciation charged in the year
336
At 31 March 2026
5,830
Carrying amount
At 31 March 2026
925
At 31 March 2025
1,261
4
Fixed asset investments
2026
2025
£
£
Other investments other than loans
47,158
40,144
LIFETIME FINANCIAL ADVISERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
4
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2025
40,144
Valuation changes
7,014
At 31 March 2026
47,158
Carrying amount
At 31 March 2026
47,158
At 31 March 2025
40,144
5
Creditors: amounts falling due within one year
2026
2025
£
£
Taxation and social security
25,366
28,506
Other creditors
3,776
3,761
29,142
32,267
6
Provisions for liabilities
2026
2025
£
£
Deferred tax liabilities
10,539
8,786
7
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
167
167
167
167
8
Retained Earnings

Retained earnings as at 31 March 2026 of £70,523 (31 March 2025 - £56,094) are made up of distributable reserves of £38,903 (31 March 2025 - £29,734) and non distributable reserves £31,620 (31 March 2025 - £26,360). The non distributable reserves are a result of the gains arising on the revaluation of fixed asset investments and associated deferred tax charges.

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