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REGISTERED NUMBER: 06905060 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2021

FOR

THROGMORTON ASSOCIATES WEALTH MANAGEMENT
LIMITED

THROGMORTON ASSOCIATES WEALTH MANAGEMENT
LIMITED (REGISTERED NUMBER: 06905060)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THROGMORTON ASSOCIATES WEALTH MANAGEMENT
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: S Hadley
J Lee
M Whiteside
N J Jones





REGISTERED OFFICE: The Cedars
3 Broad Street
Enderby
Leicestershire
LE19 4AA





REGISTERED NUMBER: 06905060 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B91 3QG

THROGMORTON ASSOCIATES WEALTH MANAGEMENT
LIMITED (REGISTERED NUMBER: 06905060)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,625,007 1,295,290
Tangible assets 5 79,682 82,860
6,704,689 1,378,150

CURRENT ASSETS
Debtors 6 380,274 406,938
Cash at bank and in hand 321,207 157,066
701,481 564,004
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

1,178,728

728,288
NET CURRENT LIABILITIES (477,247 ) (164,284 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,227,442

1,213,866

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

8

4,295,358

823,966
NET ASSETS 1,932,084 389,900

CAPITAL AND RESERVES
Called up share capital 89 65
Share premium 1,674,288 235,990
Capital redemption reserve 45 45
Retained earnings 257,662 153,800
SHAREHOLDERS' FUNDS 1,932,084 389,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

THROGMORTON ASSOCIATES WEALTH MANAGEMENT
LIMITED (REGISTERED NUMBER: 06905060)

BALANCE SHEET - continued
31 DECEMBER 2021


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2022 and were signed on its behalf by:





M Whiteside - Director


THROGMORTON ASSOCIATES WEALTH MANAGEMENT
LIMITED (REGISTERED NUMBER: 06905060)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Throgmorton Associates Wealth Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provision of of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Rebublic of Ireland" 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.

Goodwill
Goodwill is amortised to the profit and loss account over its estimated life over a period of 20 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 - 4 years straight line

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.

THROGMORTON ASSOCIATES WEALTH MANAGEMENT
LIMITED (REGISTERED NUMBER: 06905060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2020 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021 1,936,737
Additions 5,615,025
Disposals (543 )
At 31 December 2021 7,551,219
AMORTISATION
At 1 January 2021 641,447
Charge for year 284,765
At 31 December 2021 926,212
NET BOOK VALUE
At 31 December 2021 6,625,007
At 31 December 2020 1,295,290

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2021 57,060 39,303 81,663 178,026
Additions - - 4,597 4,597
At 31 December 2021 57,060 39,303 86,260 182,623
DEPRECIATION
At 1 January 2021 - 24,992 70,174 95,166
Charge for year - 2,146 5,629 7,775
At 31 December 2021 - 27,138 75,803 102,941
NET BOOK VALUE
At 31 December 2021 57,060 12,165 10,457 79,682
At 31 December 2020 57,060 14,311 11,489 82,860

THROGMORTON ASSOCIATES WEALTH MANAGEMENT
LIMITED (REGISTERED NUMBER: 06905060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


6. DEBTORS
2021 2020
£    £   
Amounts falling due within one year:
Other debtors less than 1 year 67,092 79,553
Tax 33,387 47,252
Accrued income 238,172 195,423
Prepayments 19,761 9,062
Other debtors 1-2 years 10,090 25,491
368,502 356,781

Amounts falling due after more than one year:
Other debtors 2-5 years 11,772 50,157

Aggregate amounts 380,274 406,938

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts (see note 9) 399,672 84,811
Other loans (see note 9) 98,383 69,994
Trade creditors 7,546 3,246
Tax 79,388 44,213
Social security and other taxes 22,283 11,575
Other creditors 305,453 187,513
Directors' current accounts 266,003 326,936
1,178,728 728,288

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans (see note 9) 3,280,842 643,148
Other loans (see note 9) 1,014,516 180,818
4,295,358 823,966

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5yrs 1,682,045 303,905
Other loans more 5yrs instal 405,930 -
2,087,975 303,905

THROGMORTON ASSOCIATES WEALTH MANAGEMENT
LIMITED (REGISTERED NUMBER: 06905060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


9. LOANS

An analysis of the maturity of loans is given below:

2021 2020
£    £   
Amounts falling due within one year or on demand:
Bank loans 399,672 84,811
Other loans 98,383 69,994
498,055 154,805

Amounts falling due between one and two years:
Bank loans - 1-2 years 399,672 84,811
Other loans - 1-2 years 170,017 69,994
569,689 154,805

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,199,125 254,432
Other loans - 2-5 years 438,569 110,824
1,637,694 365,256

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5yrs 1,682,045 303,905
Other loans more 5yrs instal 405,930 -
2,087,975 303,905

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

2021 2020
£    £   
M Whiteside
Balance outstanding at start of year 116,201 6,074
Amounts advanced 8,534 128,127
Amounts repaid (80,754 ) (18,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,981 116,201

11. RELATED PARTY DISCLOSURES

During the year the company paid the Directors a bonus totalling £100,000 (2020: £116,500).

THROGMORTON ASSOCIATES WEALTH MANAGEMENT
LIMITED (REGISTERED NUMBER: 06905060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


12. POST BALANCE SHEET EVENTS

The impact of the Covid-19 pandemic continues to affect economy. The directors have considered the
impact of this to the business after discussion with key stakeholders and are satisfied that at the time
of approval of the financial statements the company has sufficient resources to be able to continue
trading for the foreseeable future.