Aidan Dow Wealth Protection Limited |
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Aidan Dow Wealth Protection Limited for the period ended 31 December 2022 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Aidan Dow Wealth Protection Limited for the period ended 31 December 2022 which comprise of the Income Statement, Statement of Financial Position and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the Board of Directors of Aidan Dow Wealth Protection Limited, as a body, in accordance with the terms of our engagement letter dated 22 April 2020. Our work has been undertaken solely to prepare for your approval the accounts of Aidan Dow Wealth Protection Limited and state those matters that we have agreed to state to the Board of Directors of Aidan Dow Wealth Protection Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aidan Dow Wealth Protection Limited and its Board of Directors as a body for our work or for this report. |
It is your duty to ensure that Aidan Dow Wealth Protection Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Aidan Dow Wealth Protection Limited. You consider that Aidan Dow Wealth Protection Limited is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the accounts of Aidan Dow Wealth Protection Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. |
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MAH, Chartered Accountants |
2nd Floor |
154 Bishopsgate |
London |
EC2M 4LN |
|
03 October 2023 |
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Aidan Dow Wealth Protection Limited |
Registered number: |
10736748 |
Statement of Financial Position |
as at 31 December 2022 |
|
Notes |
|
|
2022 |
|
|
2021 |
£ |
£ |
£ |
£ |
|
|
|
|
|
|
|
|
Current assets |
Debtors |
3 |
|
- |
|
|
53 |
Cash at bank and in hand |
|
|
107 |
|
|
346 |
|
|
|
107 |
|
|
399 |
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
4 |
|
(16,707) |
|
|
(14,720) |
|
|
|
|
|
|
|
Net current liabilities |
|
|
|
(16,600) |
|
|
(14,321) |
|
Total assets less current liabilities |
|
|
|
(16,600) |
|
|
(14,321) |
|
|
|
|
|
|
|
|
|
Net liabilities |
|
|
|
(16,600) |
|
|
(14,321) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
5 |
|
|
100 |
|
|
100 |
Profit and loss account |
6 |
|
|
(16,700) |
|
|
(14,421) |
|
Total equity |
|
|
|
(16,600) |
|
|
(14,321) |
|
|
|
|
|
|
|
|
|
The company is exempt from the requirements relating to preparing audited accounts in accordance with section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476 of the Companies Act 2006. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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The financial statements were authorised for issue and approved by the board on 3 October 2023 and signed on its behalf. |
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|
Aidan William Hunter Dow |
Director |
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The notes on pages 4 to 5 form part of these financial statements. |
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Aidan Dow Wealth Protection Limited |
Notes to the Accounts |
for the year ended 31 December 2022 |
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1 |
Summary of significant accounting policies |
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Basis of preparation |
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The financial statements have been prepared in compliance with United Kingdom Accounting Standards, including Section 1A of FRS 102, "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (revised March 2018) and the Companies Act 2006. |
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Financial assets |
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Basic financial assets, including trade and other receivables and cash or bank balances, excluding any financing transactions, are initially recognised at transaction price and are subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Financial liabilities |
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Basic financial liabilities, including trade and other payables, excluding any financing transactions, are initially recognised at transaction price and are subsequently measured at amortised cost determined using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. |
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|
2 |
Employees |
|
|
|
|
|
|
2022 |
|
2021 |
|
Average number of employees during the period (including the directors) |
|
Number |
Number |
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Debtors |
2022 |
|
2021 |
£ |
£ |
|
|
Other debtors |
- |
|
53 |
|
|
|
|
|
|
- |
|
53 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
£ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
12,571 |
|
11,433 |
|
Other creditors |
832 |
|
520 |
|
Accruals and deferred income |
3,304 |
|
2,767 |
|
|
|
|
|
|
16,707 |
|
14,720 |
|
|
|
|
|
|
|
|
|
5 |
Share capital |
Nominal |
|
|
|
2022 |
|
2021 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
6 |
Profit and loss account |
2022 |
|
2021 |
£ |
£ |
|
At 1 January |
(14,421) |
|
(11,928) |
|
Loss for the financial year |
(2,279) |
|
(2,493) |
|
|
At 31 December |
(16,700) |
|
(14,421) |
|
|
|
|
|
|
|
|
|
7 |
Controlling party |
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The ultimate controlling party is Aidan William Hunter Dow, the sole director and 100% shareholder of the company. |
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8 |
Presentation currency |
|
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The financial statements are presented in Sterling. |
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9 |
Legal form of entity and country of incorporation |
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Aidan Dow Wealth Protection Limited is a private company limited by shares and incorporated in England. The address of the company's principal place of business and registered office is: 86-90 3rd Floor, Paul Street London, EC2A, 4NE, United Kingdom |