REGISTERED NUMBER: 05983165 (England and Wales)

Financial Statements

for the Period 1 November 2023 to 13 February 2025

for

Cedar Financial Planning Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Lall

T Webster

REGISTERED OFFICE:

Express Works

Luke Lane

Brailsford

Ashbourne

DE6 3BY

REGISTERED NUMBER:

05983165 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Intangible assets

4

-

76,769

Tangible assets

5

-

78,863

-

155,632

CURRENT ASSETS

Debtors

6

-

18,078

Cash at bank

13,645

1,605

13,645

19,683

CREDITORS

Amounts falling due within one year

7

13,544

85,819

NET CURRENT ASSETS/(LIABILITIES)

101

(66,136

)

TOTAL ASSETS LESS CURRENT LIABILITIES

101

89,496

CREDITORS

Amounts falling due after more than one year

8

-

80,792

NET ASSETS

101

8,704

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

-

8,603

SHAREHOLDERS' FUNDS

101

8,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 13 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 13 February 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2025 and were signed on its behalf by:

G Lall - Director

1.	STATUTORY INFORMATION

Cedar 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 represents the value of commissions earned during the period.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016 and clients purchased in 2022, is being amortised evenly over its estimated useful life of ten years.

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

Computer equipment - 33% on cost

Motor vehicles - 25% on reducing balance

Improvements to property - 2% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2023

224,966

Disposals

(224,966

)

At 13 February 2025

-

AMORTISATION

At 1 November 2023

148,197

Charge for period

22,497

Eliminated on disposal

(170,694

)

At 13 February 2025

-

NET BOOK VALUE

At 13 February 2025

-

At 31 October 2023

76,769

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2023

52,110

13,277

46,990

7,142

119,519

Disposals

(52,110

)

(13,277

)

(46,990

)

(7,142

)

(119,519

)

At 13 February 2025

-

-

-

-

-

DEPRECIATION

At 1 November 2023

2,084

4,263

27,167

7,142

40,656

Eliminated on disposal

(2,084

)

(4,263

)

(27,167

)

(7,142

)

(40,656

)

At 13 February 2025

-

-

-

-

-

NET BOOK VALUE

At 13 February 2025

-

-

-

-

-

At 31 October 2023

50,026

9,014

19,823

-

78,863

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade debtors

-

17,621

Prepayments and accrued income

-

457

-

18,078

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Bank loans and overdrafts

-

25,624

Other loans

-

8,540

Hire purchase contracts

-

8,747

Tax

-

28,324

Social security and other taxes

-

1,491

Director's loan account

13,544

11,391

Accrued expenses

-

1,702

13,544

85,819

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2023

£

£

Bank loans - 1-5 years

-

22,222

Bank loans over 5 years

-

14,495

Other loans - 1-5 years

-

29,239

Other loans over 5 years

-

4,103

Hire purchase contracts

-

10,733

-

80,792

2025

2023

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years

-

14,495

Other loans over 5 years

-

4,103

-

18,598