Index Finance Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02403456 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

INDEX FINANCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G D Hodson

N D Hodson

SECRETARY:

N D Hodson

REGISTERED OFFICE:

Two Trees

Bartle Lane

Preston

Lancashire

PR4 0RU

REGISTERED NUMBER:

02403456 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Tangible assets

4

504

593

Investment property

5

2,990,000

2,898,411

2,990,504

2,899,004

CURRENT ASSETS

Debtors

6

320,146

1,340

Cash at bank

44,479

26,783

364,625

28,123

CREDITORS

Amounts falling due within one year

7

119,195

202,169

NET CURRENT ASSETS/(LIABILITIES)

245,430

(174,046

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,235,934

2,724,958

CREDITORS

Amounts falling due after more than one
year

8

(1,316,733

)

(1,005,320

)

PROVISIONS FOR LIABILITIES

(206,229

)

(148,158

)

NET ASSETS

1,712,972

1,571,480

CAPITAL AND RESERVES

Called up share capital

100,000

Capital redemption reserve

100

Fair value reserve

10

1,242,538

1,158,366

Retained earnings

370,334

313,014

SHAREHOLDERS' FUNDS

1,712,972

1,571,480

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2025 and were signed on its behalf by:

N D Hodson - Director

1.	STATUTORY INFORMATION

Index Finance 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 as modified by the revaluation of certain assets.

Related party exemption

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.

Turnover

Turnover represents amounts receivable during the year in respect of services provided, excluding Value Added Tax.

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

-

15% on reducing balance

Investment property

The freehold land and buildings are held by the company as investment properties. As such the assets are not subject to depreciation.The properties are included in the balance sheet at open market value. This is in compliance with the Financial Reporting Standard for Smaller Entities, but is a departure from the Companies Act 2006, stating that all tangible fixed assets should be depreciated over the useful economic life of the asset. Any depreciation charge on these assets would not, in the opinion of the Directors, be material since the properties are maintained to a high standard.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 July 2024

and 30 June 2025

8,521

DEPRECIATION

At 1 July 2024

7,928

Charge for year

89

At 30 June 2025

8,017

NET BOOK VALUE

At 30 June 2025

504

At 30 June 2024

593

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

2,898,411

Disposals

(69,937

)

Revaluations

161,526

At 30 June 2025

2,990,000

NET BOOK VALUE

At 30 June 2025

2,990,000

At 30 June 2024

2,898,411

Fair value at 30 June 2025 is represented by:

£

Valuation in 2007

1,947,518

Valuation in 2008

(693,390

)

Valuation in 2009

283,000

Valuation in 2015

(5,487

)

Valuation in 2018

(74,911

)

Valuation in 2019

17,954

Valuation in 2020

10,761

Valuation in 2022

94,710

Valuation in 2023

(275,402

)

Valuation in 2025

161,526

Cost

1,523,721

2,990,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

1,563,427

Investment property was valued on an open market basis on 30 June 2025 by the Company's Directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

318,806

-

Prepayments and accrued income

1,340

320,146

1,340

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Tax

26,154

19,397

Other creditors

697

695

Directors' current accounts

86,749

102,924

Accrued expenses

5,595

79,153

119,195

202,169

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans repayable in more

than five years

1,316,733

1,005,320

1,316,733

1,005,320

Amounts falling due in more than five years:

Repayable by instalments

Bank loans repayable in more

than five years

1,316,733

1,005,320

1,316,733

1,005,320

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

1,316,733

1,005,320

The bank loans are secured by charges over the investment properties to which they relate.

10.

RESERVES

Fair

value

reserve

£

At 1 July 2024

1,158,366

Transfer from revaluation

(30,231

)

Revaluation of inv property

114,403

At 30 June 2025

1,242,538

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £47,368 (2024 - £47,368) were paid to the directors .

During the year the company provided a loan of £383,364 to Hodson Homes (North West) Ltd , a company of which Mr N D Hodson is a director. At the year end the outstanding balance due from Hodson Homes (North West) Ltd was £318,806 (2024: owed £64,558).

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr G D Hodson and Mrs C B Hodson by virtue of their shareholding.