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Company registration number: 11122668
Howarth Financial Limited
Unaudited filleted financial statements
31 December 2025
Howarth Financial Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Howarth Financial Limited
Directors and other information
Directors Mr J L Howarth
Mrs J Howarth
Company number 11122668
Registered office 12 Highview Avenue South
Brighton
East Sussex
BN1 8WQ
Business address 12 Highview Avenue South
Brighton
East Sussex
BN1 8WQ
Accountants Keith Bellenie & Co Ltd
3 Cecilian Court
Cecilian Avenue
Worthing
West Sussex
BN14 8AP
Bankers Royal Bank of Scotland
Howarth Financial Limited
Statement of financial position
31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 1,452 2,167
_______ _______
1,452 2,167
Current assets
Debtors 6 201 275
Cash at bank and in hand 36,145 35,131
_______ _______
36,346 35,406
Creditors: amounts falling due
within one year 7 ( 13,037) ( 11,434)
_______ _______
Net current assets 23,309 23,972
_______ _______
Total assets less current liabilities 24,761 26,139
Provisions for liabilities ( 276) ( 412)
Accruals and deferred income ( 1,068) ( 1,176)
_______ _______
Net assets 23,417 24,551
_______ _______
Capital and reserves
Called up share capital 4,000 4,000
Profit and loss account 19,417 20,551
_______ _______
Shareholders funds 23,417 24,551
_______ _______
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 May 2026 , and are signed on behalf of the board by:
Mr J L Howarth
Director
Company registration number: 11122668
Howarth Financial Limited
Notes to the financial statements
Year ended 31 December 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 12 Highview Avenue South, Brighton, East Sussex, BN1 8WQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis .
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration receivable for services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 33 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the contributions are paid.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 January 2025 and 31 December 2025 7,241 7,241
_______ _______
Depreciation
At 1 January 2025 5,074 5,074
Charge for the year 715 715
_______ _______
At 31 December 2025 5,789 5,789
_______ _______
Carrying amount
At 31 December 2025 1,452 1,452
_______ _______
At 31 December 2024 2,167 2,167
_______ _______
6. Debtors
2025 2024
£ £
Trade debtors - 75
Other debtors 201 200
_______ _______
201 275
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Corporation tax 12,725 10,434
Other creditors 312 1,000
_______ _______
13,037 11,434
_______ _______