Professional Financial Planners Limited - Accounts to registrar (filleted) - small 17.3

Professional Financial Planners Limited - Accounts to registrar (filleted) - small 17.3

PROFESSIONAL FINANCIAL PLANNERS LIMITED - Company Information

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REGISTERED NUMBER: SC327610 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2017

for

PROFESSIONAL FINANCIAL PLANNERS LIMITED
PROFESSIONAL FINANCIAL PLANNERS LIMITED (REGISTERED NUMBER: SC327610)

Contents of the Financial Statements
for the Year Ended 30 June 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROFESSIONAL FINANCIAL PLANNERS LIMITED

Company Information
for the Year Ended 30 June 2017







DIRECTORS: C A Craik
D N M Craik
A S Harvie
A J Harvie





SECRETARY: D N M Craik





REGISTERED OFFICE: 2 Bon Accord Square
Aberdeen
Aberdeenshire
AB11 6DJ





REGISTERED NUMBER: SC327610 (Scotland)





1
PROFESSIONAL FINANCIAL PLANNERS LIMITED (REGISTERED NUMBER: SC327610)

Balance Sheet
30 June 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,624,144 1,624,807

CURRENT ASSETS
Cash at bank 408,493 418,564

CREDITORS
Amounts falling due within one year 5 235,542 138,123
NET CURRENT ASSETS 172,951 280,441
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,797,095
1,905,248

CAPITAL AND RESERVES
Called up share capital 1,111,000 1,111,000
Retained earnings 686,095 794,248
1,797,095 1,905,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 9 February 2018 and were signed on its behalf by:





D N M Craik - Director


The notes form part of these financial statements

2
PROFESSIONAL FINANCIAL PLANNERS LIMITED (REGISTERED NUMBER: SC327610)

Notes to the Financial Statements
for the Year Ended 30 June 2017


1. STATUTORY INFORMATION

Professional Financial Planners Limited is a private company, limited by shares , registered in Scotland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Other investments
Other investments are included at fair value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

3
PROFESSIONAL FINANCIAL PLANNERS LIMITED (REGISTERED NUMBER: SC327610)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2017


4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 July 2016 1,613,035 11,772 1,624,807
Revaluations - (663 ) (663 )
At 30 June 2017 1,613,035 11,109 1,624,144
NET BOOK VALUE
At 30 June 2017 1,613,035 11,109 1,624,144
At 30 June 2016 1,613,035 11,772 1,624,807

Cost or valuation at 30 June 2017 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2014 - (3,311 ) (3,311 )
Valuation in 2015 - (2,833 ) (2,833 )
Valuation in 2016 - 1,094 1,094
Valuation in 2017 - (663 ) (663 )
Cost 1,613,035 16,822 1,629,857
1,613,035 11,109 1,624,144

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security 4,392 35,623
Other creditors 231,150 102,500
235,542 138,123

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.

4