The Financial Planning Corporation LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC337787 (England and Wales)

Financial Statements

for the Year Ended 31 March 2026

for

The Financial Planning Corporation LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

R M Ralphs

Ms M F O'Shaughnessy

Ms B A Blundell

REGISTERED OFFICE:

Lancaster Terrace

124 Station Road

Ainsdale

Southport

Merseyside

PR8 3HL

REGISTERED NUMBER:

OC337787 (England and Wales)

ACCOUNTANTS:

DJH Business Advisors Ltd T/A SB&P

Oriel House

2-8 Oriel Road

Bootle

L20 7EP

FIXED ASSETS

Tangible assets

4

32,832

28,923

CURRENT ASSETS

Debtors

5

20,409

3,061

Cash at bank and in hand

347,586

340,585

367,995

343,646

CREDITORS

Amounts falling due within one year

6

43,191

38,812

NET CURRENT ASSETS

324,804

304,834

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

357,636

333,757

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

307,636

283,757

MEMBERS' OTHER INTERESTS

Capital accounts

50,000

357,636

333,757

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

307,636

283,757

Members' other interests

50,000

357,636

333,757

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2026.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 11 May 2026 and were signed by:

R M Ralphs - Designated member

1.	STATUTORY INFORMATION

The Financial Planning Corporation LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. It is measured at the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

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

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Profit and Loss Account in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Balance Sheet.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the Profit and Loss Account and are equity appropriations in the Balance Sheet.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the Balance Sheet within 'Loans and other debts due to members' and are charged to the Profit and Loss Account within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Balance Sheet within 'Members' other interests'.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 19 (2025 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2025

46,823

80,574

127,397

Additions

-

15,485

At 31 March 2026

46,823

96,059

142,882

DEPRECIATION

At 1 April 2025

32,831

65,643

98,474

Charge for year

3,498

8,078

11,576

At 31 March 2026

36,329

73,721

110,050

NET BOOK VALUE

At 31 March 2026

10,494

22,338

32,832

At 31 March 2025

13,992

14,931

28,923

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Prepayments

20,409

3,061

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Social security and other taxes

29,539

30,302

VAT

6,206

4,058

Accrued expenses

7,446

4,452

43,191

38,812

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

There is no formal agreement regarding the ranking of loans and other debts due to members in relation to other creditors. The default provisions as per section 7 of the Limited Liability Partnership Regulations 2001 therefore apply.

8.	RELATED PARTY DISCLOSURES

During the year the LLP paid rent to a limited company under the ownership of two of the members. The amount of rent paid was £56,000 (2024 - £98,000).

The property was transferred to the members' pension scheme and rent of £12,753 was paid in the year.