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REGISTERED NUMBER: 07469003 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Continuum Wealth Limited

Continuum Wealth Limited (Registered number: 07469003)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Continuum Wealth Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: A E Waltham
Mrs D D Dontcheva





REGISTERED OFFICE: Taylor House
39 High Street
Marlow
Buckinghamshire
SL7 1AU





REGISTERED NUMBER: 07469003 (England and Wales)





ACCOUNTANTS: Brightling & Co Accountants Ltd
Vine Hall Farm
Bethersden
Ashford
Kent
TN26 3JY

Continuum Wealth Limited (Registered number: 07469003)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 718
Tangible assets 5 4,447 5,830
Investments 6 400,101 101
404,548 6,649

CURRENT ASSETS
Debtors 7 155,873 70,614
Cash at bank and in hand 413,233 473,945
569,106 544,559
CREDITORS
Amounts falling due within one year 8 257,181 168,251
NET CURRENT ASSETS 311,925 376,308
TOTAL ASSETS LESS CURRENT
LIABILITIES

716,473

382,957

CREDITORS
Amounts falling due after more than one
year

9

(390,700

)

(30,700

)

PROVISIONS FOR LIABILITIES (1,112 ) (1,108 )
NET ASSETS 324,661 351,149

CAPITAL AND RESERVES
Called up share capital 15,003 15,003
Retained earnings 309,658 336,146
324,661 351,149

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Continuum Wealth Limited (Registered number: 07469003)

Balance Sheet - continued
31 May 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 5 February 2024 and were signed on its behalf by:





A E Waltham - Director


Continuum Wealth Limited (Registered number: 07469003)

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

1. STATUTORY INFORMATION

Continuum Wealth 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.

Preparation of consolidated financial statements
The financial statements contain information about Continuum Wealth Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 arose on the purchase of a client list from another independent financial advisor. The cost is being amortised over its useful life, which the directors consider to be 5 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 etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Pension costs and other post-retirement benefits
The company contributes to defined contribution pension schemes. The pension costs charged in the financial statements represent the contributions payable by the company during the year.

Continuum Wealth Limited (Registered number: 07469003)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 21,558
AMORTISATION
At 1 June 2022 20,840
Charge for year 718
At 31 May 2023 21,558
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 718

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 27,513
Additions 949
Disposals (2,183 )
At 31 May 2023 26,279
DEPRECIATION
At 1 June 2022 21,683
Charge for year 2,332
Eliminated on disposal (2,183 )
At 31 May 2023 21,832
NET BOOK VALUE
At 31 May 2023 4,447
At 31 May 2022 5,830

6. FIXED ASSET INVESTMENTS

The company holds 100% of the share capital of the subsidiary undertakings listed below and a 10% holding in a private company all of which are registered in England & Wales. All investments are shown at cost.

Interim Wealth Management Limited
Continuum Wealth (Holdings) Ltd

Continuum Wealth Limited (Registered number: 07469003)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,641 21,624
Other debtors 142,232 48,990
155,873 70,614

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 9,724
Amounts owed to group undertakings 39,039 30,359
Taxation and social security 42,755 4,144
Other creditors 165,387 124,024
257,181 168,251

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,700 30,700
Other creditors 370,000 -
390,700 30,700

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 18,130 18,726
Between one and five years 72,520 -
90,650 18,726

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year an amount of £9,999 (2022 - £9,999) was loaned to a director and shareholder of the company. The amount outstanding as at the year end was £9,999 (2022 - £9,999). The loan is interest free and repayable on demand.