Mark Patterson Financial Planning Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12341834

MARK PATTERSON FINANCIAL PLANNING LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2025

MARK PATTERSON FINANCIAL PLANNING LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31st DECEMBER 2025

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 8

MARK PATTERSON FINANCIAL PLANNING LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Intangible assets	5	299,636	330,902
Tangible assets	6	52,349	2,007
		----------	----------
		351,985	332,909

CURRENT ASSETS

Debtors	7	6,135	23,505
Cash at bank and in hand		34,706	15,293
		---------	---------
		40,841	38,798

CREDITORS: amounts falling due within one year	8	84,400		90,933
		---------		---------
NET CURRENT LIABILITIES			43,559		52,135
			----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			308,426		280,774

CREDITORS: amounts falling due after more than one year	9		230,082		248,674

PROVISIONS

Taxation including deferred tax	13,087	502
	----------	----------
NET ASSETS	65,257	31,598
	----------	----------

CAPITAL AND RESERVES

Called up share capital	11	100	100
Profit and loss account		65,157	31,498
		---------	---------
SHAREHOLDERS FUNDS		65,257	31,598
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

MARK PATTERSON FINANCIAL PLANNING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2025

For the year ending 31st December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 September 2026 , and are signed on behalf of the board by:

C. M. Patterson

Director

Company registration number: 12341834

MARK PATTERSON FINANCIAL PLANNING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st DECEMBER 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 2, Blue Pigeon Cosalt Building, 1 Liddell Street, North Shields, NE30 1HE.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on the going concern basis. The directors consider that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's directors, bankers and other lending agents during this time.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	15 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and equipment	-	20% reducing balance
Motor vehicles	-	20% reducing balance

Hire purchase contracts

Assets held under hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum hire purchase payments, which is determined at the inception of the hire purchase term. Any initial direct costs of the hire purchase are added to the amount recognised as an asset. Hire purchase payments are apportioned between the finance charges and reduction of the outstanding hire purchase liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2024: 3 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1st January 2025 and 31st December 2025	468,994
	----------
Amortisation
At 1st January 2025	138,092
Charge for the year	31,266
	----------
At 31st December 2025	169,358
	----------
Carrying amount
At 31st December 2025	299,636
	----------
At 31st December 2024	330,902
	----------

6. TANGIBLE ASSETS

	Plant and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1st January 2025	4,323	–	4,323
Additions	–	52,494	52,494
	-------	---------	---------
At 31st December 2025	4,323	52,494	56,817
	-------	---------	---------
Depreciation
At 1st January 2025	2,316	–	2,316
Charge for the year	402	1,750	2,152
	-------	---------	---------
At 31st December 2025	2,718	1,750	4,468
	-------	---------	---------
Carrying amount
At 31st December 2025	1,605	50,744	52,349
	-------	---------	---------
At 31st December 2024	2,007	–	2,007
	-------	---------	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 31st December 2025	50,744
	---------
At 31st December 2024	–
	---------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	5,996	23,375
Prepayments	139	130
	-------	---------
	6,135	23,505
	-------	---------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans	49,501	47,500
Accruals	2,474	1,721
Corporation tax	28,157	40,345
Social security and other taxes	293	528
Obligations under finance leases and hire purchase contracts	3,404	–
Director loan accounts	571	839
	---------	---------
	84,400	90,933
	---------	---------

The hire purchase contract, included within creditors: amounts falling due within one year is secured on the asset which is funded in this way.

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	197,211	248,674
Obligations under finance leases and hire purchase contracts	32,871	–
	----------	----------
	230,082	248,674
	----------	----------

The hire purchase contract, included within creditors: amounts falling due after more than one year is secured on the asset which is funded in this way.

10. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	13,087	502
	---------	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	13,087	502
	---------	----

11. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

12. RELATED PARTY TRANSACTIONS

No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A small entities.