REGISTERED NUMBER: 05440610 (England and Wales)

TEST VALLEY FINANCIAL MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S J Paul

Mrs K M Paul

SECRETARY:

Mrs K M Paul

REGISTERED OFFICE:

3 Silvertrees

Sarisbury Green

Southampton

Hampshire

SO31 7NB

REGISTERED NUMBER:

05440610 (England and Wales)

BANKERS:

National Westminster Bank plc

2 Portsmouth Road

Southampton

Hampshire

SO19 9RZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,241

185

1,241

185

CURRENT ASSETS

Debtors

6

16,832

28,798

Cash at bank

148,697

132,269

165,529

161,067

CREDITORS

Amounts falling due within one year

7

(7,956

)

(6,036

)

NET CURRENT ASSETS

157,573

155,031

TOTAL ASSETS LESS CURRENT LIABILITIES

158,814

155,216

PROVISIONS FOR LIABILITIES

(4,780

)

(4,780

)

NET ASSETS

154,034

150,436

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

144,034

140,436

SHAREHOLDERS' FUNDS

154,034

150,436

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2026 and were signed on its behalf by:

Mr S J Paul - Director

1.	STATUTORY INFORMATION

Test Valley Financial Management 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards 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 amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover represents commission and fees receivable.

Alterations in commissions arising from lapses and other adjustments are taken into account as and when they occur.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Goodwill has been fully amortised.

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.

Tangible fixed assets

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

Computer equipment

-

Straight line over 5 years

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 recognised in the income statement.

Financial assets

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 assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

40,000

AMORTISATION

At 1 April 2025

and 31 March 2026

40,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2025

5,080

Additions

1,612

Disposals

(849

)

At 31 March 2026

5,843

DEPRECIATION

At 1 April 2025

4,895

Charge for year

556

Eliminated on disposal

(849

)

At 31 March 2026

4,602

NET BOOK VALUE

At 31 March 2026

1,241

At 31 March 2025

185

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

6,750

6,750

Other debtors

10,082

22,048

16,832

28,798

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

6,226

4,306

Other creditors

1,730

1,730

7,956

6,036

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period advances totalling £nil (2025: £17,167) were made to company directors. £11,051 was repaid before the period end (2025: £7,330). At the balance sheet date, the directors owed the company £6,116 (2025: £17,167). The balance is repayable on demand, and interest has been charged at the HMRC approved rate.