REGISTERED NUMBER: 06128738 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

DAVID WINTER INDEPENDENT FINANCIAL

ADVISERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G M Down

H Lomas

SECRETARY:

G M Down

REGISTERED OFFICE:

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

REGISTERED NUMBER:

06128738 (England and Wales)

ACCOUNTANTS:

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

FIXED ASSETS

Intangible assets

4

915

24,694

Tangible assets

5

9,314

8,431

10,229

33,125

CURRENT ASSETS

Debtors

6

13,173

5,157

Cash at bank

233,639

167,113

246,812

172,270

CREDITORS

Amounts falling due within one year

7

169,836

131,041

NET CURRENT ASSETS

76,976

41,229

TOTAL ASSETS LESS CURRENT LIABILITIES

87,205

74,354

PROVISIONS FOR LIABILITIES

2,514

2,085

NET ASSETS

84,691

72,269

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

84,589

72,167

84,691

72,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 1 September 2026 and were signed on its behalf by:

G M Down - Director

1.	STATUTORY INFORMATION

David Winter Independent Financial Advisers 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.

The presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£).

Turnover

Turnover represents sales of services and commission received, including value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007 and 2013, are being amortised evenly over its estimated useful life of twenty and five years respectively.

The Goodwill in connection with the acquisition of a business in 2013 has been fully amortised at at the reporting date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Financial instruments

Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 Section 1A. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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

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.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

574,000

2,339

576,339

AMORTISATION

At 1 April 2025

550,800

845

551,645

Charge for year

23,000

779

23,779

At 31 March 2026

573,800

1,624

575,424

NET BOOK VALUE

At 31 March 2026

200

715

915

At 31 March 2025

23,200

1,494

24,694

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

39,186

Additions

4,499

At 31 March 2026

43,685

DEPRECIATION

At 1 April 2025

30,755

Charge for year

3,616

At 31 March 2026

34,371

NET BOOK VALUE

At 31 March 2026

9,314

At 31 March 2025

8,431

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

13,173

5,157

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed to group undertakings

408

50

Taxation and social security

163,514

123,696

Other creditors

5,914

7,295

169,836

131,041

8.	OTHER FINANCIAL COMMITMENTS

The rent and hire of equipment amounts included within the accounts are attached to no specific commitment and are paid on a rolling monthly basis.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

G M Down

Balance outstanding at start of year

151

101

Amounts advanced

-

50

Amounts repaid

(151

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

151

H Lomas

Balance outstanding at start of year

1

1

Amounts repaid

(1

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1