Abbreviated Company Accounts - PROFESSIONAL FINANCIAL PLANNERS LIMITED

PROFESSIONAL FINANCIAL PLANNERS LIMITED - Company Information

SC327610 PROFESSIONAL FINANCIAL PLANNERS LIMITED 2014-06-30 false 2013-07-01 2014-06-30 true SC327610 2013-07-01 2014-06-30 SC327610 2014-06-30 SC327610 2013-06-30 SC327610 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 SC327610 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number SC327610

PROFESSIONAL FINANCIAL PLANNERS LIMITED

Abbreviated Accounts

30 June 2014

PROFESSIONAL FINANCIAL PLANNERS LIMITED Registered Number SC327610

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Investments	2	1,613,035	1,613,035
		1,613,035	1,613,035
Current assets
Debtors		109	510
Investments		13,511	16,822
Cash at bank and in hand		136,774	35,718
		150,394	53,050
Creditors: amounts falling due within one year		(154,204)	(195,061)
Net current assets (liabilities)		(3,810)	(142,011)
Total assets less current liabilities		1,609,225	1,471,024
Total net assets (liabilities)		1,609,225	1,471,024
Capital and reserves
Called up share capital	3	1,111,000	1,111,000
Profit and loss account		498,225	360,024
Shareholders' funds		1,609,225	1,471,024

For the year ending 30 June 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 March 2015

And signed on their behalf by:
David Craik, Director

PROFESSIONAL FINANCIAL PLANNERS LIMITED Registered Number SC327610

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Net invoiced sales ex VAT

Tangible assets depreciation policy
Investments held as current assets are recorded at original cost. Where the year end valuation of such assets is readily available these investments are revalued and reflected on the balance sheet. Any unrealised gains or losses are taken to the P&L account.

2Fixed assets Investments
Fixed assets Investments
£1,613,035 representing 100% share capital of Optima Financial Services Ltd and Professional Financial Advisers Ltd at cost

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,111,000 Ordinary shares of £1 each	1,111,000	1,111,000