Company registration number 04643439 (England and Wales)
LANDMARK IFA LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
LANDMARK IFA LIMITED
COMPANY INFORMATION
Directors
Mr P J Tordoff
Mr M Clark
Mr R G Peace
Ms K Arrowsmith
(Appointed 31 January 2026)
Company number
04643439
Registered office
Wardens House
4 Broad Street
Stamford
Lincolnshire
England
PE9 1PB
Auditor
Xeinadin Audit Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
England
CM12 0EQ
Accountants
Xeinadin Billericay Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ
LANDMARK IFA LIMITED
CONTENTS
Page
Directors' report
1 - 2
Independent auditor's report
3 - 5
Profit and loss account
6
Balance sheet
7
Notes to the financial statements
8 - 12
LANDMARK IFA LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JANUARY 2026
- 1 -

The directors present their annual report and financial statements for the year ended 31 January 2026.

Principal activities

The principal activity of the company in the year under review was that of independent financial advisers.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr P J Tordoff
Mr K A Mullins
(Resigned 27 May 2025)
Mr M Clark
Mr R G Peace
Ms K Arrowsmith
(Appointed 31 January 2026)
Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

LANDMARK IFA LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 2 -
On behalf of the board
Mr P J Tordoff
Director
24 June 2026
LANDMARK IFA LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF LANDMARK IFA LIMITED
- 3 -
Opinion

We have audited the financial statements of Landmark IFA Limited (the 'company') for the year ended 31 January 2026 which comprise the profit and loss account, the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 January 2026 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the directors' report has been prepared in accordance with applicable legal requirements.

LANDMARK IFA LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF LANDMARK IFA LIMITED (CONTINUED)
- 4 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the directors' r eport. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit; or

- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the directors' report and from the requirement to prepare a strategic report.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

- Enquiry of management, those charged with governance and the entity’s solicitors around actual and potential litigation and claims.

- Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations.

- Reviewing minutes of meetings of those charged with governance.

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

LANDMARK IFA LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF LANDMARK IFA LIMITED (CONTINUED)
- 5 -
Jeffrey Stanley BSc(Econ) FCA (Senior Statutory Auditor)
For and on behalf of Xeinadin Audit Limited, Statutory Auditor
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ
England
24 June 2026
LANDMARK IFA LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2026
- 6 -
2026
2025
Notes
£
£
Turnover
6,873,732
6,191,030
Cost of sales
(5,370,064)
(4,960,036)
Gross profit
1,503,668
1,230,994
Administrative expenses
(1,218,040)
(1,071,019)
Operating profit
285,628
159,975
Interest receivable and similar income
323
10,583
Interest payable and similar expenses
(9,026)
(31,625)
Profit before taxation
276,925
138,933
Tax on profit
4
(60,956)
(33,023)
Profit for the financial year
215,969
105,910

The profit and loss account has been prepared on the basis that all operations are continuing operations.

LANDMARK IFA LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2026
31 January 2026
- 7 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
5
33,372
41,597
Current assets
Debtors
6
1,117,488
1,083,051
Cash at bank and in hand
463,762
373,472
1,581,250
1,456,523
Creditors: amounts falling due within one year
7
(1,109,357)
(983,355)
Net current assets
471,893
473,168
Total assets less current liabilities
505,265
514,765
Creditors: amounts falling due after more than one year
8
(45,950)
(69,517)
Provisions for liabilities
(7,639)
(9,541)
Net assets
451,676
435,707
Capital and reserves
Called up share capital
9
2,705
2,705
Share premium account
39,710
39,710
Capital redemption reserve
195
195
Profit and loss reserves
10
409,066
393,097
Total equity
451,676
435,707

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

The financial statements were approved by the board of directors and authorised for issue on 24 June 2026 and are signed on its behalf by:
Mr P J Tordoff
Director
Company registration number 04643439 (England and Wales)
LANDMARK IFA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 8 -
1
Accounting policies
Company information

Landmark IFA Limited is a private company limited by shares incorporated in England and Wales. The registered office is Wardens House, 4 Broad Street, Stamford, Lincolnshire, England, PE9 1PB.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard 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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents the fair value of net commissions and fees, received on the sale of wealth management policies, excluding value added tax.

1.4
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment
25% on cost
Fixtures and fittings
10% on cost
Computers
33% on cost
1.5
Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

LANDMARK IFA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 9 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Management
3
4
Admin
26
22
Total
29
26

Their aggregate remuneration comprised:

2026
2025
£
£
Wages and salaries
673,287
626,319
Social security costs
70,488
45,158
Pension costs
51,590
29,942
795,365
701,419
3
Directors' remuneration
2026
2025
£
£
Remuneration paid to directors
75,900
57,514
LANDMARK IFA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 10 -
4
Taxation
2026
2025
£
£
Current tax
UK corporation tax on profits for the current period
62,858
33,765
Deferred tax
Origination and reversal of timing differences
(1,902)
(742)
Total tax charge
60,956
33,023
5
Tangible fixed assets
Office equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 February 2025
4,464
79,437
9,800
93,701
Additions
-
0
-
0
3,229
3,229
At 31 January 2026
4,464
79,437
13,029
96,930
Depreciation and impairment
At 1 February 2025
1,116
44,693
6,295
52,104
Depreciation charged in the year
1,116
7,176
3,162
11,454
At 31 January 2026
2,232
51,869
9,457
63,558
Carrying amount
At 31 January 2026
2,232
27,568
3,572
33,372
At 31 January 2025
3,348
34,744
3,505
41,597
6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
-
0
20,371
Amounts owed by group undertakings
304,521
5,295
Other debtors
198,337
442,592
Prepayments and accrued income
614,630
614,793
1,117,488
1,083,051
LANDMARK IFA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 11 -
7
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
5,257
10,375
Other borrowings
18,341
16,292
Trade creditors
17,012
11,631
Corporation tax
62,858
33,800
Other taxation and social security
15,447
11,973
Other creditors
446,155
370,759
Accruals and deferred income
544,287
528,525
1,109,357
983,355
8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
-
5,225
Other borrowings
45,950
64,292
45,950
69,517
9
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
2,705
2,705
2,705
2,705
10
Profit and loss reserves
2026
2025
£
£
At the beginning of the year
393,097
437,187
Adjusted balance
393,097
437,187
Profit for the year
215,969
105,910
Dividends declared and paid in the year
(200,000)
(150,000)
At the end of the year
409,066
393,097
11
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

LANDMARK IFA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
11
Directors' transactions
(Continued)
- 12 -

Amounts repaid by K A Mullings in the year include £297,190 transferred to Landmark Financial Group Limited. No interest was charged on the balance prior to the transfer.

At the year end, the Company owed £22,044 to K Arrowsmith, a director of the Company.

Advances
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
K A Mullins
-
228,029
229,285
(457,314)
-
228,029
229,285
(457,314)
-
12
Parent company

The immediate and ultimate parent undertaking is Landmark Financial Group Limited, a company incorporated in England and Wales, which holds 100% of the Company’s issued share capital.

Landmark Financial Group Limited is wholly owned by Landmark Group Employee Ownership Trust. There is no ultimate controlling party.

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