REGISTERED NUMBER: 13039446 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

PALATINE FINANCIAL PLANNING LIMITED

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

Mrs A Cloughley

REGISTERED OFFICE:

23 Bilston Stree

Sedgley

Dudley

West Midlands

DY3 1JA

REGISTERED NUMBER:

13039446 (England and Wales)

ACCOUNTANTS:

Bytheway & Co Accountants Ltd

23 Bilston Street

Sedgley

Dudley

West Midlands

DY3 1JA

The director presents her report with the financial statements of the company for the year ended 30 November 2025.

DIRECTOR

Mrs A Cloughley held office during the whole of the period from 1 December 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs A Cloughley - Director

27 August 2026

TURNOVER

188,216

165,057

Administrative expenses

111,737

103,839

OPERATING PROFIT

4

76,479

61,218

Interest receivable and similar income

3

14

76,482

61,232

Interest payable and similar expenses

18,314

7,239

PROFIT BEFORE TAXATION

58,168

53,993

Tax on profit

15,619

13,263

PROFIT FOR THE FINANCIAL YEAR

42,549

40,730

FIXED ASSETS

Intangible assets

5

220,313

229,660

Tangible assets

6

37,991

43,179

258,304

272,839

CURRENT ASSETS

Debtors

7

17,400

501

Cash at bank

103

457

17,503

958

CREDITORS

Amounts falling due within one year

8

78,124

63,894

NET CURRENT LIABILITIES

(60,621

)

(62,936

)

TOTAL ASSETS LESS CURRENT LIABILITIES

197,683

209,903

CREDITORS

Amounts falling due after more than one year

9

197,551

213,020

NET ASSETS/(LIABILITIES)

132

(3,117

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

32

(3,217

)

132

(3,117

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 27 August 2026 and were signed by:

Mrs A Cloughley - Director

1.	STATUTORY INFORMATION

Palatine Financial Planning 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 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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 each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 10% on cost

Taxation

Taxation for the year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

30/11/25

30/11/24

£

£

Depreciation - owned assets

5,768

5,993

Goodwill amortisation

9,347

1,007

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

233,688

AMORTISATION

At 1 December 2024

4,028

Charge for year

9,347

At 30 November 2025

13,375

NET BOOK VALUE

At 30 November 2025

220,313

At 30 November 2024

229,660

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2024

56,153

Additions

580

At 30 November 2025

56,733

DEPRECIATION

At 1 December 2024

12,974

Charge for year

5,768

At 30 November 2025

18,742

NET BOOK VALUE

At 30 November 2025

37,991

At 30 November 2024

43,179

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Trade debtors

8,819

-

Other debtors

8,581

501

17,400

501

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Hire purchase contracts

38,936

45,488

Trade creditors

1

-

Taxation and social security

33,414

18,331

Other creditors

5,773

75

78,124

63,894

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/11/25

30/11/24

£

£

Bank loans

197,551

213,020

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

143,288

-