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REGISTERED NUMBER: OC376539 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

JEREMY DAVIES WEALTH MANAGEMENT LLP

JEREMY DAVIES WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC376539)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JEREMY DAVIES WEALTH MANAGEMENT LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DESIGNATED MEMBERS: J D Davies
Mrs K Davies





REGISTERED OFFICE: The Courtyard
44-46 High Street
Sunninghill
Ascot
Berkshire
SL5 9NF





REGISTERED NUMBER: OC376539 (England and Wales)





ACCOUNTANTS: N S Lucas & Co
The Courtyard
80 High Street
Old Amersham
Buckinghamshire
HP7 0DS

JEREMY DAVIES WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC376539)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,733 63,195
Tangible assets 5 333,142 333,142
Investments 6 - 270,000
340,875 666,337

CURRENT ASSETS
Debtors 7 13,651 34,297
Cash at bank 1,295 1,378
14,946 35,675
CREDITORS
Amounts falling due within one year 8 3,944 4,123
NET CURRENT ASSETS 11,002 31,552
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

351,877

697,889

JEREMY DAVIES WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC376539)

BALANCE SHEET - continued
30 JUNE 2023

2023 2022
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

341,295

687,307

MEMBERS' OTHER INTERESTS
Capital accounts 10,582 10,582
351,877 697,889

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 341,295 687,307
Members' other interests 10,582 10,582
351,877 697,889

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 June 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 22 December 2023 and were signed by:





J D Davies - Designated member

JEREMY DAVIES WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC376539)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Jeremy Davies Wealth Management LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the net invoiced sales of services excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

Land and buildings represent freehold property which has been stated at fair value by the members, in accordance with FRS102..

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.

3. EMPLOYEE INFORMATION

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

JEREMY DAVIES WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC376539)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022 213,195
Disposals (195,462 )
At 30 June 2023 17,733
AMORTISATION
At 1 July 2022 150,000
Charge for year 15,000
Eliminated on disposal (155,000 )
At 30 June 2023 10,000
NET BOOK VALUE
At 30 June 2023 7,733
At 30 June 2022 63,195

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 July 2022
and 30 June 2023 333,142
NET BOOK VALUE
At 30 June 2023 333,142
At 30 June 2022 333,142

6. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 July 2022 270,000
Disposals (270,000 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 270,000

JEREMY DAVIES WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC376539)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,651 34,297

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,694 1,873
Other creditors 2,250 2,250
3,944 4,123

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Debts due to members are unsecured and would not rank in preference to other creditors.