Registration number: 03024043

Gilmour Quinn Financial Planning Ltd

Contents

Company Information	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Unaudited Financial Statements	4 to 8

Gilmour Quinn Financial Planning Ltd

Company Information

Directors

K Shephard P Shephard

Registered office

Suite 6, Chequers Barn Chequers Hill Bough Beech Kent TN8 7PD

Gilmour Quinn Financial Planning Ltd

(Registration number: 03024043)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	35,275	46,542
Current assets
Debtors	5	211,839	246,342
Cash at bank and in hand		109,435	239,401
		321,274	485,743
Creditors: Amounts falling due within one year	6	(55,232)	(70,502)
Net current assets		266,042	415,241
Total assets less current liabilities		301,317	461,783
Provisions for liabilities		(8,819)	(11,636)
Net assets		292,498	450,147
Capital and reserves
Called up share capital		920	920
Retained earnings		291,578	449,227
Shareholders' funds		292,498	450,147

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

For the financial year ending 28 February 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 27 November 2025 and signed on its behalf by:
 

K Shephard Director

P Shephard Director

Gilmour Quinn Financial Planning Ltd

Statement of Changes in Equity for the Year Ended 28 February 2025

	Share capital £	Retained earnings £	Total £
At 1 March 2024	920	449,227	450,147
Profit for the year	-	109,176	109,176
Dividends	-	(266,825)	(266,825)
At 28 February 2025	920	291,578	292,498

	Share capital £	Retained earnings £	Total £
At 1 March 2023	920	512,877	513,797
Profit for the year	-	166,850	166,850
Dividends	-	(230,500)	(230,500)
At 29 February 2024	920	449,227	450,147

Gilmour Quinn Financial Planning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite 6, Chequers Barn
Chequers Hill
Bough Beech
Kent
TN8 7PD

The principal place of business is:
Ground floor office
Staines One
Station Approach
Staines-Upon-Thames
Surrey
TW18 4LY

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with the Financial Reporting Standard 102 Section 1A for smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Gilmour Quinn Financial Planning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

2	Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% on written down value
Motor vehicles	25% on written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Gilmour Quinn Financial Planning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

2	Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

Gilmour Quinn Financial Planning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

4	Tangible assets

	Fixtures and fittings £	Motor vehicles  £	Total £
Cost or valuation
At 1 March 2024	19,193	71,918	91,111
Additions	491	-	491
At 28 February 2025	19,684	71,918	91,602
Depreciation
At 1 March 2024	13,105	31,464	44,569
Charge for the year	1,644	10,114	11,758
At 28 February 2025	14,749	41,578	56,327
Carrying amount
At 28 February 2025	4,935	30,340	35,275
At 29 February 2024	6,088	40,454	46,542

5

Debtors

	2025 £	2024 £
Trade debtors	63,075	65,000
Other debtors	145,747	179,145
Prepayments	3,017	2,197
	211,839	246,342

Gilmour Quinn Financial Planning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	1,287	2,125
Social security and other taxes	49,710	63,991
Other payables	321	322
Accruals	3,914	4,064
	55,232	70,502

7	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £49,739 (2024 - £91,774).

8	Related party transactions

Loans to related parties

2025	Key management £	Total £
At start of period	32,320	32,320
Advanced	40,000	40,000
Repaid	(33,497)	(33,497)
At end of period	38,823	38,823

2024	Key management £	Total £
Advanced	40,000	40,000
Repaid	(7,680)	(7,680)
At end of period	32,320	32,320

Terms of loans to related parties

Tthe loan is repayable on demand and bears interest at the rate of 2.25%.