REGISTERED NUMBER: 06516292 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

HIGGS FINANCIAL SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P F Thompson

Mr G J Randall

REGISTERED OFFICE:

7 Anchorage Avenue

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6FG

REGISTERED NUMBER:

06516292 (England and Wales)

ACCOUNTANTS:

Stanton Ralph & Co Limited

Chartered Accountants

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

FIXED ASSETS

40,136

Tangible assets

4

29,226

1,266

Investments

5

105,890

41,402

135,116

CURRENT ASSETS

910

Debtors

6

13,624

318,739

Cash at bank and in hand

287,187

319,649

300,811

CREDITORS

148,943

Amounts falling due within one year

7

172,865

170,706

NET CURRENT ASSETS

127,946

212,108

TOTAL ASSETS LESS CURRENT LIABILITIES

263,062

-

PROVISIONS FOR LIABILITIES

4,302

212,108

NET ASSETS

258,760

CAPITAL AND RESERVES

110

Called up share capital

8

116

211,998

Retained earnings

258,644

212,108

258,760

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th March 2026 and were signed on its behalf by:

Mr P F Thompson - Director

Mr G J Randall - Director

1.	STATUTORY INFORMATION

Higgs Financial Solutions 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost and 20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs

The company contributes to a defined contribution pension scheme. Contributions payable to the scheme are charged to the profit and loss account in the period to which they relate.

Investments

Listed investments are valued at fair value and gains and losses are adjusted in the income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2025

71,644

Additions

242

At 31st December 2025

71,886

DEPRECIATION

At 1st January 2025

31,508

Charge for year

11,152

At 31st December 2025

42,660

NET BOOK VALUE

At 31st December 2025

29,226

At 31st December 2024

40,136

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.12.25

31.12.24

£

£

Cost b/fwd

1,266

1,265

Additions

100,000

-

Revaluation

4,624

1

105,890

1,266

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

9,571

-

Prepayments

4,053

910

13,624

910

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

260

1,873

Tax

128,360

111,881

Social security and other taxes

29,022

26,577

Other creditors

1,167

1,174

Directors' current accounts

6,007

1,566

Accrued expenses

8,049

5,872

172,865

148,943

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

91

A Ordinary

£0.50

45.50

45.50

12

B Ordinary

£0.50

6.00

6.00

103

C Ordinary

£0.50

51.50

51.50

6

C2 Ordinary

£0.50

3.00

3.00

6

C3 Ordinary

£0.50

3.00

3.00

6

C4 Ordinary

£0.50

3.00

0.00

6

C5 Ordinary

£0.50

3.00

0.00

115

109

9.

SECURITY

The company and its related undertaking Greg Randall Wealth Management Ltd have provided debentures, including fixed and floating charges over their assets, and cross guarantees in respect of their indebtedness to Vision Independent Financial Planning Limited.