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REGISTERED NUMBER: 08977197 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

CLINTON DRAYTON WEALTH MANAGEMENT
LIMITED

CLINTON DRAYTON WEALTH MANAGEMENT
LIMITED (REGISTERED NUMBER: 08977197)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


CLINTON DRAYTON WEALTH MANAGEMENT
LIMITED (REGISTERED NUMBER: 08977197)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,400 26,000
Tangible assets 5 2,908 4,153
26,308 30,153

CURRENT ASSETS
Debtors 8,828 6,852
Cash at bank 45,354 37,374
54,182 44,226
CREDITORS
Amounts falling due within one year 56,621 48,996
NET CURRENT LIABILITIES (2,439 ) (4,770 )
TOTAL ASSETS LESS CURRENT LIABILITIES 23,869 25,383

CREDITORS
Amounts falling due after more than one
year

(13,809

)

(19,000

)

PROVISIONS FOR LIABILITIES (553 ) (789 )
NET ASSETS 9,507 5,594

CAPITAL AND RESERVES
Called up share capital 6 110 110
Retained earnings 9,397 5,484
SHAREHOLDERS' FUNDS 9,507 5,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

CLINTON DRAYTON WEALTH MANAGEMENT
LIMITED (REGISTERED NUMBER: 08977197)

Abridged Balance Sheet - continued
31 March 2023


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 Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 October 2023 and were signed on its behalf by:





R J Drayton - Director


CLINTON DRAYTON WEALTH MANAGEMENT
LIMITED (REGISTERED NUMBER: 08977197)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Clinton Drayton 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: 08977197

Registered office: Coastwise House
17 Liverpool Road
Worthing
West Sussex
BN11 1SU

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 due for services provided by company

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty 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.

Office equipment 25% fixed

Taxation
Taxation for the year 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.


CLINTON DRAYTON WEALTH MANAGEMENT
LIMITED (REGISTERED NUMBER: 08977197)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

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.

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 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 46,800
AMORTISATION
At 1 April 2022 20,800
Amortisation for year 2,600
At 31 March 2023 23,400
NET BOOK VALUE

At 31 March 2023 23,400
At 31 March 2022 26,000

CLINTON DRAYTON WEALTH MANAGEMENT
LIMITED (REGISTERED NUMBER: 08977197)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 7,808
Additions 1,161
Disposals (1,109 )
At 31 March 2023 7,860
DEPRECIATION
At 1 April 2022 3,655
Charge for year 2,148
Eliminated on disposal (851 )
At 31 March 2023 4,952
NET BOOK VALUE
At 31 March 2023 2,908
At 31 March 2022 4,153

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary A £1 100 100
10 Ordinary B £1 10 10
110 110