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REGISTERED NUMBER: 07460103 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

M & R Wealth Management Limited

M & R Wealth Management Limited (Registered number: 07460103)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M & R Wealth Management Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: P C Grubb





REGISTERED OFFICE: First Floor,
The Estate Office
The Green, Lewes Road
Ringmer
East Sussex
BN8 5QE





REGISTERED NUMBER: 07460103 (England and Wales)





ACCOUNTANTS: Caburn Accountants Limited
Chartered Certified Accountants
First Floor,
The Estate Office
The Green, Lewes Road
Ringmer
East Sussex
BN8 5QE

M & R Wealth Management Limited (Registered number: 07460103)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 389
- 389

CURRENT ASSETS
Investments 6 46,498 -
Cash at bank 297,581 270,696
344,079 270,696
CREDITORS
Amounts falling due within one year 7 30,763 36,552
NET CURRENT ASSETS 313,316 234,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,316

234,533

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 313,216 234,433
SHAREHOLDERS' FUNDS 313,316 234,533

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 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.

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 21 November 2023 and were signed by:




P C Grubb - Director


M & R Wealth Management Limited (Registered number: 07460103)

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

1. STATUTORY INFORMATION

M & R Wealth Management Limited 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 2011, is being amortised
over 5 years commencing 31 March 2017, following the application of FRS102 (Section 1A).

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% on cost
Computer equipment - 33% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

M & R Wealth Management Limited (Registered number: 07460103)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 233,500
AMORTISATION
At 1 April 2022
and 31 March 2023 233,500
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 299 2,583 2,882
DEPRECIATION
At 1 April 2022 299 2,194 2,493
Charge for year - 389 389
At 31 March 2023 299 2,583 2,882
NET BOOK VALUE
At 31 March 2023 - - -
At 31 March 2022 - 389 389

6. CURRENT ASSET INVESTMENTS
31.3.23 31.3.22
£    £   
Listed investments 46,498 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 26,846 25,401
Social security and other taxes 455 442
Directors' current accounts 1,049 8,387
Accrued expenses 2,413 2,322
30,763 36,552