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Registration number: 13500179

Northumbria Financial Management Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Northumbria Financial Management Limited

(Registration number: 13500179)
Statement of Financial Position as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 1,431,851 | 1,519,926
Tangible assets | 5 | 27,026 | 28,971
Other financial assets | 6 | 100 | 100
|  | 1,458,977 | 1,548,997
Current assets |  |  |
Debtors | 7 | 69,960 | 69,591
Cash at bank and in hand |  | 224,283 | 75,419
|  | 294,243 | 145,010
Creditors: Amounts falling due within one year | 8 | (227,977) | (160,460)
Net current assets/(liabilities) |  | 66,266 | (15,450)
Total assets less current liabilities |  | 1,525,243 | 1,533,547
Creditors: Amounts falling due after more than one year | 8 | (585,757) | (728,169)
Provisions for liabilities |  | (2,998) | (2,616)
Net assets |  | 936,488 | 802,762
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Other reserves |  | 640,000 | 640,000
Retained earnings |  | 296,388 | 162,662
Shareholders' funds |  | 936,488 | 802,762

Northumbria Financial Management Limited

(Registration number: 13500179)
Statement of Financial Position as at 31 July 2025

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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 23 April 2026 and signed on its behalf by:

......................................... Mr Andrew David Teasdale Director

Northumbria Financial Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
3 Riverside Centre
Frankland Lane
Durham
County Durham
DH1 5TA

These financial statements were authorised for issue by the Board on 23 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The accounts are presented in £ sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable, in respect of commissions and fees, in the ordinary course of the company’s activities.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Northumbria Financial Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Improvements to landlord's property | 10% Straight line
Office and computer equipment | 10% and 33.33% Straight Line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 5% and 12.5% Straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Northumbria Financial Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 8).

Northumbria Financial Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 August 2024 | 1,782,771 | 1,782,771
At 31 July 2025 | 1,782,771 | 1,782,771
Amortisation
At 1 August 2024 | 262,845 | 262,845
Amortisation charge | 88,075 | 88,075
At 31 July 2025 | 350,920 | 350,920
Carrying amount
At 31 July 2025 | 1,431,851 | 1,431,851
At 31 July 2024 | 1,519,926 | 1,519,926

5 | Tangible assets

| Improvements to landlords property £ | Office and computer equipment £ | Total £
Cost or valuation
At 1 August 2024 | 22,196 | 74,163 | 96,359
Additions | - | 8,891 | 8,891
Disposals | - | (23,619) | (23,619)
At 31 July 2025 | 22,196 | 59,435 | 81,631
Depreciation
At 1 August 2024 | 10,899 | 56,489 | 67,388
Charge for the year | 2,221 | 8,615 | 10,836
Eliminated on disposal | - | (23,619) | (23,619)
At 31 July 2025 | 13,120 | 41,485 | 54,605
Carrying amount
At 31 July 2025 | 9,076 | 17,950 | 27,026
At 31 July 2024 | 11,297 | 17,674 | 28,971

Northumbria Financial Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

6 | Investments

| Investments in subsidiaries £ | Total £
Investments
Cost or valuation
At 1 August 2024 | 100 | 100
At 31 July 2025 | 100 | 100
Impairment
Carrying amount
At 31 July 2025 | 100 | 100
At 31 July 2024 | 100 | 100

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 64,301 | 64,526
Prepayments | 5,576 | 4,982
Other debtors | 83 | 83
| 69,960 | 69,591

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 99,384 | 99,384
Taxation and social security |  | 105,313 | 55,994
Accruals and deferred income |  | 5,280 | 5,082
Other creditors |  | 18,000 | -
|  | 227,977 | 160,460

Northumbria Financial Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 585,757 | 728,169

| 2025 £ | 2024 £
Due after more than five years |  |
After more than five years not by instalments | 115,814 | 215,226

| - | -

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 513,350 | 612,762
Other borrowings | 72,407 | 115,407
| 585,757 | 728,169

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 99,384 | 99,384

10 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 26,400 | -
Later than one year and not later than five years | 81,400 | -
| 107,800 | -