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REGISTERED NUMBER: 13743975 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 15 NOVEMBER 2021 TO 31 MARCH 2023

FOR

CWM WEALTH MANAGEMENT LTD

CWM WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 13743975)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 15 November 2021 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CWM WEALTH MANAGEMENT LTD

COMPANY INFORMATION
for the Period 15 November 2021 to 31 March 2023







DIRECTORS: B A Collins
Mrs S L Collins





REGISTERED OFFICE: 82 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BP





REGISTERED NUMBER: 13743975 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co. Ltd
Chartered Accountants
42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL

CWM WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 13743975)

BALANCE SHEET
31 March 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 2,655,397
Tangible assets 5 3,687
2,659,084

CURRENT ASSETS
Debtors 6 92,009
Cash at bank and in hand 216,255
308,264
CREDITORS
Amounts falling due within one year 7 487,036
NET CURRENT LIABILITIES (178,772 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,480,312

CREDITORS
Amounts falling due after more than one
year

8

1,022,117
NET ASSETS 1,458,195

CAPITAL AND RESERVES
Called up share capital 200
Share premium 1,376,362
Retained earnings 81,633
1,458,195

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

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

CWM WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 13743975)

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.

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 13 November 2023 and were signed on its behalf by:





B A Collins - Director


CWM WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 13743975)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 15 November 2021 to 31 March 2023

1. STATUTORY INFORMATION

CWM 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 2022, 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.
Plant and machinery etc - 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.

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.

CWM WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 13743975)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 15 November 2021 to 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 2,800,000
At 31 March 2023 2,800,000
AMORTISATION
Charge for period 144,603
At 31 March 2023 144,603
NET BOOK VALUE
At 31 March 2023 2,655,397

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 4,563
At 31 March 2023 4,563
DEPRECIATION
Charge for period 876
At 31 March 2023 876
NET BOOK VALUE
At 31 March 2023 3,687

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 92,009

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other loans 121,800
Trade creditors 250
Tax 69,089
Social security and other taxes 4,131
Other creditors 285,242
Directors' loan accounts 19
Accrued expenses 6,505
487,036

CWM WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 13743975)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 15 November 2021 to 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The reader's attention is drawn to note 12 which explains the refinancing of £268,348 of other creditors after the year end.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other loans - 2-5 years 487,200
Other loans due in more than five years,
payable in instalments

476,658
Other creditors due after more than five
years, not payable in instalments

58,259
1,022,117

Amounts falling due in more than five years:

Repayable by instalments
Other loans due in more than five years,
payable in instalments

476,658

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 15,810
Between one and five years 15,286
31,096

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr B Collins has provided a personal guarantee against debt financing issued to the company.

11. POST BALANCE SHEET EVENTS

Since the year end, short term creditors of £268,348 relating to the business purchase have been financed over a ten year term.