Johnson Fleming Future Life Planning Lim - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08871387 (England and Wales)

Financial Statements for the Period 1 April 2020 to 31 December 2020

for

Johnson Fleming Future Life Planning

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M S Pawley

I M Chadwick

T Claridge

Ms N J Carter

Mrs G L Saunders

REGISTERED OFFICE:

Fleming House George Road

Bromsgrove Enterprise Park

Bromsgrove

Worcestershire

B60 3AL

REGISTERED NUMBER:

08871387 (England and Wales)

AUDITORS:

Lee Accounting Services 2018 Limited

Trading as Lee & Co

Chartered Accountants & Statutory Auditors

26 High Street

Rickmansworth

Hertfordshire

WD3 1ER

FIXED ASSETS

Tangible assets

4

3,356

4,752

CURRENT ASSETS

Debtors

5

29,045

59,508

Cash at bank

44,604

2,863

73,649

62,371

CREDITORS

Amounts falling due within one year

6

1,014,071

922,289

NET CURRENT LIABILITIES

(940,422

)

(859,918

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(937,066

)

(855,166

)

CAPITAL AND RESERVES

Called up share capital

7

2,000

2,000

Retained earnings

(939,066

)

(857,166

)

SHAREHOLDERS' FUNDS

(937,066

)

(855,166

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2021 and were signed on its behalf by:

Ms N J Carter - Director

1.	STATUTORY INFORMATION

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

Turnover is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognized:

Rendering of services

Revenue from contracts to provide a service are recognized over the contract as services are completed. Amounts invoiced or paid in advance are deferred until the relevant period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 15% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Trade and other receivables

Trade and other receivables are measured at transaction price less any impairment unless the arrangement constitutes a financing transaction in which case the transaction is measured at the present value of the future receipts discounted at the prevailing market rate of interest . Loans are initially measured at fair value and are subsequently measured at amortised cost using the effective interest method less any impairment.

Trade and other payables

Trade and other payables are measured at their transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. They are subsequently measured at amortised cost using the effective interest method.

Going concern

The company has net liabilities at the year end. The directors have indicated that the group will ensure the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore adopts the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2020 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

19,387

Disposals

(3,076

)

At 31 December 2020

16,311

DEPRECIATION

At 1 April 2020

14,635

Charge for period

1,396

Eliminated on disposal

(3,076

)

At 31 December 2020

12,955

NET BOOK VALUE

At 31 December 2020

3,356

At 31 March 2020

4,752

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.3.20

£

£

Trade debtors

22,778

20,592

Other debtors

6,267

38,916

29,045

59,508

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.3.20

£

£

Trade creditors

146,419

750

Amounts owed to group undertakings

846,885

865,664

Taxation and social security

7,251

41,285

Other creditors

13,516

14,590

1,014,071

922,289

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.20

31.3.20

value:

£

£

2,000

Ordinary

£1

2,000

2,000

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John David Lee BA FCA (Senior Statutory Auditor)

for and on behalf of Lee Accounting Services 2018 Limited

9.	RELATED PARTY DISCLOSURES

The parent of the smallest group for which consolidated financial statements are drawn up, which the company is a member of, is NFP Corporation a company registered in the United States of America. Its registered office is :-

NFP Corporation

20th Floor

340 Madison Avenue

New York NY 10173

USA

As the company is a wholly owned subsidiary of NFP Corporation, a company registered in the USA, the company has taken advantage of the exemption contained in FRS 102 section 33 and has therefore not disclosed transactions or balances with entities which form part of the group.

The company's immediate parent company is NFP UK Holdings Limited (formerly Mackenzie Taylor Holdings Limited).

10.	POST BALANCE SHEET EVENTS

At the time of approving the financial statements, no government control measures remain to be in place with regards to the Covid 19 pandemic. The majority of UK citizens have been fully vaccinated and there are currently no government-imposed UK lockdowns or restrictions in place (other than rules around overseas travel).

Whilst it is not possible to assess the full extent of the impact of Covid 19, or its medium to long-term implications within the UK and across the globe, the situation has somewhat improved during the post reporting period.

The directors have concluded that these developments after the year end have strengthened the view of the potential impact of Covid 19 on the business and have therefore assessed any impact as non-adjusting.