Company registration number 05071304 (England and Wales)
Friar Gate Independent Financial Services Limited
Unaudited Financial Statements
For the year ended 31 March 2026
Friar Gate Independent Financial Services Limited
Company information
Directors
A W Lyon
A J Lymn
D M Newborough
Secretary
N Newborough and G Lyon
Company number
05071304
Registered office
5 Prospect Place
Millennium Way Pride Park
Derby
DE24 8HG
Accountants
DJH Derby Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
Friar Gate Independent Financial Services Limited
Contents
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
Friar Gate Independent Financial Services Limited
Accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Friar Gate Independent Financial Services Limited for the year ended 31 March 2026
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Friar Gate Independent Financial Services Limited for the year ended 31 March 2026 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Friar Gate Independent Financial Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Friar Gate Independent Financial Services Limited and state those matters that we have agreed to state to the b oard of d irectors of Friar Gate Independent Financial Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Friar Gate Independent Financial Services Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Friar Gate Independent Financial Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Friar Gate Independent Financial Services Limited. You consider that Friar Gate Independent Financial Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Friar Gate Independent Financial Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

DJH Derby Limited
Accountants
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
16 June 2026
Friar Gate Independent Financial Services Limited
Balance Sheet
As at 31 March 2026
- 2 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5,339
3,850
Current assets
Debtors
4
20,149
4,299
Cash at bank and in hand
1,142,214
908,986
1,162,363
913,285
Creditors: amounts falling due within one year
5
(150,254)
(111,535)
Net current assets
1,012,109
801,750
Total assets less current liabilities
1,017,448
805,600
Provisions for liabilities
(1,335)
-
Net assets
1,016,113
805,600
Capital and reserves
Called up share capital
6
4,788
4,788
Profit and loss reserves
1,011,325
800,812
Total equity
1,016,113
805,600
Friar Gate Independent Financial Services Limited
Balance Sheet (continued)
As at 31 March 2026
- 3 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 16 June 2026 and are signed on its behalf by:
D M Newborough
Director
Company registration number 05071304 (England and Wales)
Friar Gate Independent Financial Services Limited
Notes to the financial statements
For the year ended 31 March 2026
- 4 -
1
Accounting policies
Company information

Friar Gate Independent Financial Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Prospect Place, Millennium Way Pride Park, Derby, DE24 8HG.

1.1
Accounting convention

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 is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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:

Fixtures and fittings
15% Reducing balance
Office Equipment
33% Reducing balance

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 credited or charged to profit or loss.

Friar Gate Independent Financial Services Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies
(Continued)
- 5 -
1.5
Financial instruments

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 instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors 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 financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Friar Gate Independent Financial Services Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies
(Continued)
- 6 -
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.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

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

2026
2025
Number
Number
Total
7
7
3
Tangible fixed assets
Fixtures and fittings
Office Equipment
Total
£
£
£
Cost
At 1 April 2025
820
9,905
10,725
Additions
263
3,337
3,600
At 31 March 2026
1,083
13,242
14,325
Depreciation and impairment
At 1 April 2025
642
6,233
6,875
Depreciation charged in the year
58
2,053
2,111
At 31 March 2026
700
8,286
8,986
Carrying amount
At 31 March 2026
383
4,956
5,339
At 31 March 2025
178
3,672
3,850
Friar Gate Independent Financial Services Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
- 7 -
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
7,162
4,299
Other debtors
12,987
-
0
20,149
4,299
5
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
10,476
-
0
Taxation and social security
77,795
68,162
Other creditors
61,983
43,373
150,254
111,535
6
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of £1 each
605
605
605
605
Ordinary B Shares of £1 each
1,512
1,512
1,512
1,512
Ordinary C Shares of £1 each
605
605
605
605
Ordinary D Shares of 50p each
100
100
50
50
Ordinary E Shares of 50p each
168
168
84
84
Ordinary F Shares of 50p each
100
100
50
50
Ordinary G Shares of £1 each
907
907
907
907
Ordinary H Shares of £1 each
907
907
907
907
Ordinary I Shares of 50p each
68
68
34
34
Ordinary J Shares of 50p each
68
68
34
34
5,040
5,040
4,788
4,788
7
Events after the reporting date

Since the balance sheet date dividends of £10,000 have been voted.

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