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REGISTERED NUMBER: 13074485 (England and Wales)















Unaudited Financial Statements

for the Period 10 December 2020 to 31 March 2022

for

Avocet Wealth Partnership Ltd

Avocet Wealth Partnership Ltd (Registered number: 13074485)






Contents of the Financial Statements
for the Period 10 December 2020 to 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Avocet Wealth Partnership Ltd

Company Information
for the Period 10 December 2020 to 31 March 2022







DIRECTORS: Mrs A C Crook
I J Crook Dip PFS
W S H Roper
Mrs C E Roper



REGISTERED OFFICE: 55 The Parade
Exmouth
Devon
EX8 1RD



REGISTERED NUMBER: 13074485 (England and Wales)



ACCOUNTANTS: Baines & Co
46 Rolle Street
Exmouth
Devon
EX8 2SQ



BANKERS: Starling Bank
5th Floor
Fruit and Wool Exchange
Duval Square
London
E1 6PW

Avocet Wealth Partnership Ltd (Registered number: 13074485)

Balance Sheet
31 March 2022

Notes £    £   
FIXED ASSETS
Intangible assets 4 626,500
Tangible assets 5 10,822
637,322

CURRENT ASSETS
Debtors 6 58,439
Cash at bank and in hand 10,937
69,376
CREDITORS
Amounts falling due within one year 7 101,226
NET CURRENT LIABILITIES (31,850 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

605,472

CREDITORS
Amounts falling due after more than one
year

8

(500,836

)

PROVISIONS FOR LIABILITIES 10 (665 )
NET ASSETS 103,971

CAPITAL AND RESERVES
Called up share capital 11 200
Retained earnings 12 103,771
SHAREHOLDERS' FUNDS 103,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2022 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.

Avocet Wealth Partnership Ltd (Registered number: 13074485)

Balance Sheet - continued
31 March 2022


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 1 September 2022 and were signed on its behalf by:




I J Crook Dip PFS - Director W S H Roper - Director




Mrs A C Crook - Director Mrs C E Roper - Director


Avocet Wealth Partnership Ltd (Registered number: 13074485)

Notes to the Financial Statements
for the Period 10 December 2020 to 31 March 2022

1. STATUTORY INFORMATION

Avocet Wealth Partnership Ltd 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 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the period 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 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.

Avocet Wealth Partnership Ltd (Registered number: 13074485)

Notes to the Financial Statements - continued
for the Period 10 December 2020 to 31 March 2022

2. ACCOUNTING POLICIES - continued

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 period was 5 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 626,500
At 31 March 2022 626,500
NET BOOK VALUE
At 31 March 2022 626,500

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
Additions 7,320 322 3,396 11,038
At 31 March 2022 7,320 322 3,396 11,038
DEPRECIATION
Charge for period - 48 168 216
At 31 March 2022 - 48 168 216
NET BOOK VALUE
At 31 March 2022 7,320 274 3,228 10,822

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 48,667
Directors' current accounts 9,647
Prepayments 125
58,439

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts (see note 9) 67,742
Tax 30,729
Social security and other taxes 127
Other creditors 2,628
101,226

Avocet Wealth Partnership Ltd (Registered number: 13074485)

Notes to the Financial Statements - continued
for the Period 10 December 2020 to 31 March 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans (see note 9) 500,836

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 229,868

9. LOANS

An analysis of the maturity of loans is given below:

£   
Amounts falling due within one year or on demand:
Bank loans 67,742

Amounts falling due between one and two years:
Bank loans - 1-2 years 67,742

Amounts falling due between two and five years:
Bank loans - 2-5 years 203,226

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 229,868

10. PROVISIONS FOR LIABILITIES
£   
Deferred tax 665

Deferred
tax
£   
Charge to Income Statement during period 665
Balance at 31 March 2022 665

Avocet Wealth Partnership Ltd (Registered number: 13074485)

Notes to the Financial Statements - continued
for the Period 10 December 2020 to 31 March 2022

11. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary A shares £1 100
100 Ordinary B shares £1 100
200

The following shares were allotted and fully paid for cash at par during the period:

100 Ordinary A shares shares of £1 each
100 Ordinary B shares shares of £1 each

12. RESERVES
Retained
earnings
£   

Profit for the period 131,771
Dividends (28,000 )
At 31 March 2022 103,771

13. RELATED PARTY DISCLOSURES

During the period, total dividends of £28,000 were paid to the directors .

14. ULTIMATE CONTROLLING PARTY

The controlling party is the directors jointly.

The ultimate controlling party is the directors jointly.