REGISTERED NUMBER: 02114114 (England and Wales)

RADCLIFFE & CO (LIFE & PENSIONS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Igglesden

G Thomas

C C Headford

N Igglesden

J R Strandberg

REGISTERED OFFICE:

Meridians House

7 Ocean Way

Southampton

Hampshire

SO14 3TJ

REGISTERED NUMBER:

02114114 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

193,420

38,216

193,420

38,216

CURRENT ASSETS

Debtors

6

1,225,904

1,148,344

Cash at bank and in hand

1,090,292

890,807

2,316,196

2,039,151

CREDITORS

Amounts falling due within one year

7

(1,461,009

)

(1,208,886

)

NET CURRENT ASSETS

855,187

830,265

TOTAL ASSETS LESS CURRENT LIABILITIES

1,048,607

868,481

CREDITORS

Amounts falling due after more than one year

8

(300,000

)

(400,000

)

PROVISIONS FOR LIABILITIES

(27,542

)

(1,087

)

NET ASSETS

721,065

467,394

CAPITAL AND RESERVES

Called up share capital

3,584

3,584

Capital redemption reserve

100,236

100,236

Retained earnings

617,245

363,574

721,065

467,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 25 July 2026 and were signed on its behalf by:

J Igglesden - Director

1.	STATUTORY INFORMATION

Radcliffe & Co (Life & Pensions) 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 amounts chargeable in respect of the sale of services to customers.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of ten years. It is fully amortised at the balance sheet date.

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.

Improvements to property

- Straight line over 10 years

Bicycles

- Straight line over 12 months

Fixtures and fittings

- Straight line over 10 years

Computer equipment

- Straight line over 4 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 and other post-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.

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 46 (2025 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2025

and 30 April 2026

197,210

AMORTISATION

At 1 May 2025

and 30 April 2026

197,210

NET BOOK VALUE

At 30 April 2026

-

At 30 April 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

and

Computer

to property

Bicycles

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 May 2025

53,923

18,795

52,864

246,191

371,773

Additions

66,678

-

112,052

-

178,730

Disposals

(53,923

)

(18,795

)

(52,864

)

(211,164

)

(336,746

)

At 30 April 2026

66,678

-

112,052

35,027

213,757

DEPRECIATION

At 1 May 2025

45,156

18,795

50,763

218,843

333,557

Charge for year

1,253

-

494

12,658

14,405

Eliminated on disposal

(46,409

)

(18,795

)

(51,257

)

(211,164

)

(327,625

)

At 30 April 2026

-

-

-

20,337

20,337

NET BOOK VALUE

At 30 April 2026

66,678

-

112,052

14,690

193,420

At 30 April 2025

8,767

-

2,101

27,348

38,216

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as restated

£

£

Trade debtors

1,116,446

1,111,306

Other debtors

109,458

37,038

1,225,904

1,148,344

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as restated

£

£

Trade creditors

58,522

-

Taxation and social security

255,238

249,777

Other creditors

1,147,249

959,109

1,461,009

1,208,886

Included within other creditors is £100,000 (2025: £100,000), which relates to preference share capital.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

as restated

£

£

Other creditors

300,000

400,000

Other creditors relate to preference share capital.

The preference share capital shall entitle the holder thereof to a fixed preferential dividend at an interest rate equivalent to SONIA + 3.5% per annum.

The preference share capital is redeemed at £100,000 per annum.

9.	SECURED DEBTS

The company has an overdraft bank facility with Handelsbanken PLC. The facility is secured by a fixed and floating charge over all the assets of the company. As the bank account was not overdrawn as of the balance sheet date, there is no overdraft balance included within the creditors notes.

10.	OPERATING LEASE COMMITMENT

As of the balance sheet date, there were operating lease commitments of £48,628 (2025: £115,200).