REGISTERED NUMBER: 02585129 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

RESEARCH INDEPENDENT FINANCIAL

SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P G Page

K Oliphant

SECRETARY:

Mrs C Page

REGISTERED OFFICE:

Ellerbeck House

71 Woodland Road

Darlington

Co. Durham

DL3 7BH

REGISTERED NUMBER:

02585129 (England and Wales)

ACCOUNTANTS:

King Hope

31-33 Victoria Road

Darlington

Co. Durham

DL1 5SB

FIXED ASSETS

Intangible assets

4

2,700

-

Tangible assets

5

76,328

78,896

Investments

6

71,470

60,103

150,498

138,999

CURRENT ASSETS

Debtors

7

37,644

43,094

Cash at bank and in hand

182,104

115,561

219,748

158,655

CREDITORS

Amounts falling due within one year

8

112,715

96,725

NET CURRENT ASSETS

107,033

61,930

TOTAL ASSETS LESS CURRENT LIABILITIES

257,531

200,929

CREDITORS

Amounts falling due after more than one year

9

3,225

5,948

NET ASSETS

254,306

194,981

CAPITAL AND RESERVES

Called up share capital

100

100

Capital redemption reserve

900

900

Fair value reserve

10

20,423

11,712

Retained earnings

232,883

182,269

SHAREHOLDERS' FUNDS

254,306

194,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 April 2026 and were signed on its behalf by:

P G Page - Director

1.	STATUTORY INFORMATION

Research Independent Financial Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents advisor charges receivable from insurance companies which are taken into account on the inception or renewal of the relevant policy.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance and over the term of the lease

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Items of property, plant and equipment are measured at cost, less accumulated depreciation and any accumulated impairment losses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Rentals paid or received under operating leases are charged or credited to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

Fixed asset investments are stated at market value. The unrealised surplus less related deferred tax is transferred to a non-distributable fair value reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

3,240

At 31 October 2025

3,240

AMORTISATION

Charge for year

540

At 31 October 2025

540

NET BOOK VALUE

At 31 October 2025

2,700

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2024

79,495

143,959

30,818

254,272

Additions

13,238

17,499

2,935

33,672

Disposals

(1,759

)

(67,975

)

(14,960

)

(84,694

)

At 31 October 2025

90,974

93,483

18,793

203,250

DEPRECIATION

At 1 November 2024

63,156

83,015

29,205

175,376

Charge for year

4,566

11,634

1,224

17,424

Eliminated on disposal

(1,728

)

(49,194

)

(14,956

)

(65,878

)

At 31 October 2025

65,994

45,455

15,473

126,922

NET BOOK VALUE

At 31 October 2025

24,980

48,028

3,320

76,328

At 31 October 2024

16,339

60,944

1,613

78,896

The net book value of tangible fixed assets includes £ 6,072 (2024 - £ 8,795 ) in respect of assets held under finance leases.

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 November 2024

60,103

Additions

113

Disposals

(133

)

Revaluations

11,387

At 31 October 2025

71,470

NET BOOK VALUE

At 31 October 2025

71,470

At 31 October 2024

60,103

Cost or valuation at 31 October 2025 is represented by:

Other

investments

£

Valuation in 2025

71,470

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

18,450

17,751

Other debtors

19,194

25,343

37,644

43,094

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Finance leases

2,723

2,723

Taxation and social security

71,666

59,533

Other creditors

38,326

34,469

112,715

96,725

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Finance leases

3,225

5,948

10.

RESERVES

Fair

value

reserve

£

At 1 November 2024

11,712

Investment revaluation in year

8,711

At 31 October 2025

20,423

11.	RELATED PARTY DISCLOSURES

Dividends of £22,000 were owed to the director at the Balance Sheet date. (2024: £20,000)