The Financial Planning Group Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC561300 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

THE FINANCIAL PLANNING GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Gow

K Mackie

A G Robertson

K M Mackenzie

Mrs R S Morgan

SECRETARY:

Shepherd & Wedderburn Secretaries Ltd

REGISTERED OFFICE:

37 Albyn Place

Aberdeen

Aberdeen City

AB10 1YN

REGISTERED NUMBER:

SC561300 (Scotland)

AUDITORS:

McLay, McAlister & McGibbon LLP

Chartered Accountants and Statutory Auditors

145 St. Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Tangible assets

4

1,920,383

1,965,746

Investments

5

9,177,495

9,234,000

11,097,878

11,199,746

CURRENT ASSETS

Debtors

6

868,640

908,640

Cash at bank

216,125

153,849

1,084,765

1,062,489

CREDITORS

Amounts falling due within one year

7

1,172,893

1,261,103

NET CURRENT LIABILITIES

(88,128

)

(198,614

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,009,750

11,001,132

CREDITORS

Amounts falling due after more than one
year

8

(834,422

)

(1,213,170

)

PROVISIONS FOR LIABILITIES

10

(735,152

)

(751,289

)

NET ASSETS

9,440,176

9,036,673

CAPITAL AND RESERVES

Called up share capital

871,840

Capital redemption reserve

5,601

Retained earnings

8,562,735

8,159,232

9,440,176

9,036,673

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 29 July 2026 and were signed on its behalf by:

A G Robertson - Director

1.	STATUTORY INFORMATION

The Financial Planning Group Limited is a private company, limited by shares , registered in Scotland. 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 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about The Financial Planning Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, D Ness Limited, 2 Devanha Gardens West Aberdeen AB11 7UW.

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.

Freehold property

-

2% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Listed investments are stated at fair value based on market value at the balance sheet date. Changes in market value are recognised through profit and loss.

Taxation

Taxation for the year/period 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.

Going concern

The company finances its activities with the assistance of long term loans.

The directors have prepared prudent forecast projections which take account of the uncertainties in future trading performance.These demonstrate that the company and its trading subsidiaries should be able to operate and comply with the financial covenants and conditions of the facilities.

After making enquiries the directors have an expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements continue to be prepared on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

Cost

At 1 November 2024

and 31 October 2025

2,268,178

Depreciation

At 1 November 2024

302,432

Charge for year

45,363

At 31 October 2025

347,795

Net book value

At 31 October 2025

1,920,383

At 31 October 2024

1,965,746

5.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in joint

Listed

undertakings

venture

investments

Totals

£

Cost or valuation

At 1 November 2024

6,049,988

8,420

3,175,592

9,234,000

Additions

8,040

-

8,040

Revaluations

-

(64,545

)

(64,545

)

Reclassification/transfer

7,420

(7,420

)

-

At 31 October 2025

6,065,448

1,000

3,111,047

9,177,495

Net book value

At 31 October 2025

6,065,448

1,000

3,111,047

9,177,495

At 31 October 2024

6,049,988

8,420

3,175,592

9,234,000

Listed asset investments included at market value have a historical cost of £170,435.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Amounts owed by group undertakings

833,640

873,640

Amounts owed by joint ventures

35,000

868,640

908,640

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Bank loans and overdrafts

100,000

Amounts owed to group undertakings

846,967

958,871

Other creditors

225,926

202,232

1,172,893

1,261,103

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.10.25

31.10.24

£

Bank loans

660,000

760,000

Other creditors

174,422

453,170

834,422

1,213,170

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

260,000

360,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

Loans

1,144,690

1,505,394

The loans are secured by a fixed charge over the company's property and a bond and floating charge over the other assets of the company (and other group companies), subject to a ranking agreement.

10.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

Deferred tax

735,152

751,289

Deferred

tax

£

Balance at 1 November 2024

751,289

Credit to Income Statement during year

(16,137

)

Balance at 31 October 2025

735,152

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

George Macshannon (Senior Statutory Auditor)

for and on behalf of McLay, McAlister & McGibbon LLP

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent which draws up group accounts, is D Ness Limited, a company registered in Scotland, with its registered office at 2 Devanha Gardens West Aberdeen AB11 7UW.

The ultimate controlling party is A G Robertson.