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REGISTERED NUMBER: 06510679 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

ASHBURN WEALTH MANAGEMENT LIMITED

ASHBURN WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06510679)

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










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


ASHBURN WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06510679)

ABRIDGED BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 515,303 515,748
515,303 515,748

CURRENT ASSETS
Debtors 115,181 39,806
Cash at bank and in hand 846,998 787,646
962,179 827,452
CREDITORS
Amounts falling due within one year 90,190 138,991
NET CURRENT ASSETS 871,989 688,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,387,292

1,204,209

CAPITAL AND RESERVES
Called up share capital 105 100
Share premium 18,995 -
Retained earnings 1,368,192 1,204,109
SHAREHOLDERS' FUNDS 1,387,292 1,204,209

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.

ASHBURN WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06510679)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 July 2022 and were signed on its behalf by:




Mr. S. Waite - Director



Mrs. C. H. Millar - Director


ASHBURN WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06510679)

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


1. STATUTORY INFORMATION

Ashburn Wealth Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06510679

Registered office: Ashburn House
84 Grange Road
Darlington
DL1 5NP

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 represents fees and commission receivable from business transacted during the period.

Goodwill
Acquired goodwill is amortised in equal annual instalments over its estimated useful economic life from 4 to 10 years, depending on the nature of the business acquired.

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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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.


ASHBURN WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06510679)

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


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2020 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£
COST
At 1 January 2021
and 31 December 2021 312,224
AMORTISATION
At 1 January 2021
and 31 December 2021 312,224
NET BOOK VALUE

At 31 December 2021 -
At 31 December 2020 -

ASHBURN WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06510679)

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


5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 January 2021
and 31 December 2021 539,737
DEPRECIATION
At 1 January 2021 23,989
Charge for year 445
At 31 December 2021 24,434
NET BOOK VALUE
At 31 December 2021 515,303
At 31 December 2020 515,748