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REGISTERED NUMBER: 07428369 (England and Wales)






Financial Statements

for the Year Ended 30 April 2023

for

ASCOT WEALTH MANAGEMENT LTD

ASCOT WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 07428369)

Contents of the Financial Statements
for the Year Ended 30 April 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

ASCOT WEALTH MANAGEMENT LTD

Company Information
for the Year Ended 30 April 2023







DIRECTOR: M A Insley





SECRETARY: M A Insley





REGISTERED OFFICE: Scotch Corner
London Road
Sunningdale
Berkshire
SL5 0ER





REGISTERED NUMBER: 07428369 (England and Wales)





ACCOUNTANTS: Pembroke Briggs Chartered Accountants
1a The Quadrant Courtyard
Quadrant Way
Weybridge
Surrey
KT13 8DR

ASCOT WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 07428369)

Abridged Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 84,991 108,241
Tangible assets 5 33,561 48,790
Investments 6 454,438 610,000
572,990 767,031

CURRENT ASSETS
Debtors 3,016,194 1,866,038
Cash at bank 50,153 108,966
3,066,347 1,975,004
CREDITORS
Amounts falling due within one
year

1,726,114

1,214,131
NET CURRENT ASSETS 1,340,233 760,873
TOTAL ASSETS LESS
CURRENT LIABILITIES

1,913,223

1,527,904

CREDITORS
Amounts falling due after more
than one year

260,108

348,752
NET ASSETS 1,653,115 1,179,152

ASCOT WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 07428369)

Abridged Balance Sheet - continued
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 14,820 14,820
Share premium 397,517 397,517
Capital redemption reserve 446 446
Retained earnings 1,240,332 766,369
SHAREHOLDERS' FUNDS 1,653,115 1,179,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Balance Sheet for the year ended 30 April 2023 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 director and authorised for issue on 23 October 2023 and were signed by:





M A Insley - Director


ASCOT WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 07428369)

Notes to the Financial Statements
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Ascot Wealth Management 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.

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 2013, is being amortised evenly over its estimated useful life of five 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.

Patents and licences are being amortised evenly over their estimated useful life of four years.

Development costs are being amortised evenly over their estimated useful life of five years.

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 - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost


ASCOT WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 07428369)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 13 ) .

ASCOT WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 07428369)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022 143,642
Additions 5,080
At 30 April 2023 148,722
AMORTISATION
At 1 May 2022 35,401
Amortisation for year 28,330
At 30 April 2023 63,731
NET BOOK VALUE

At 30 April 2023 84,991
At 30 April 2022 108,241

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022 129,592
Additions 3,925
Disposals (400 )
At 30 April 2023 133,117
DEPRECIATION
At 1 May 2022 80,802
Charge for year 18,754
At 30 April 2023 99,556
NET BOOK VALUE
At 30 April 2023 33,561
At 30 April 2022 48,790

ASCOT WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 07428369)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 May 2022 610,000
Additions 94,438
Disposals (250,000 )
At 30 April 2023 454,438
NET BOOK VALUE
At 30 April 2023 454,438
At 30 April 2022 610,000

ASCOT WEALTH MANAGEMENT LTD

Report of the Accountants to the Director of
Ascot Wealth Management Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Pembroke Briggs Chartered Accountants
1a The Quadrant Courtyard
Quadrant Way
Weybridge
Surrey
KT13 8DR


Date: .............................................