2022-08-01 2023-07-31 05517447 StanfordRhodes Wealth Management Limited false 05517447 2022-08-01 2023-07-31 05517447 uk-bus:Director1 2022-08-01 2023-07-31 05517447 uk-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05517447 uk-bus:SmallEntities 2022-08-01 2023-07-31 05517447 uk-bus:FullAccounts 2022-08-01 2023-07-31 05517447 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05517447 2022-08-01 05517447 2023-07-31 05517447 2022-07-31 xbrli:pure iso4217:GBP 05517447 2021-08-01 2022-07-31
Company Registration Number : 05517447 (England and Wales)
05517447
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-07-31
false
StanfordRhodes Wealth Management Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-08-01
StanfordRhodes Wealth Management Limited
Unaudited filleted financial statements
For the year ended 31 July 2023
StanfordRhodes Wealth Management Limited
Contents
For the year ended 31 July 2023

CONTENTS PAGE
Company Information 3
Directors' Report 4
Accountant's Report 5
Statement of Financial Position 6
Notes to the Financial Statements 7 - 10


StanfordRhodes Wealth Management Limited
Company Information
For the year ended 31 July 2023

Company registration number 05517447 (England and Wales)
Directors Nikola Doeg
Gareth Doeg
Registered office address 4 Clifton Moor Business Village Clifton Moor Busin
James Nicolson Link
York
YO30 4XG
Accountant Root Accountants Ltd
Chartered Management Accountants
Sandown House
LS22 7DN
StanfordRhodes Wealth Management Limited
Directors' Report
For the year ended 31 July 2023

The directors present their report and the Unaudited Financial Statements for the year ended 31 July 2023.
Principal activity
The principal activity of the company continued to be that of other activities auxiliary to insurance and pension funding.
Directors of the company
The following directors held office during the whole of the period:
Gareth Doeg
Nikola Doeg
Statement of directors' responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare such financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), FRS 102 1A

Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to;

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent; and
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies within Part 15 of the Companies Act 2006.
Approved by the Board of directors and signed on its behalf by:
Gareth Doeg (Director)
Date: 26 January 2024
This report was approved by the board on 2024-01-26 Date: 26 January 2024

4
StanfordRhodes Wealth Management Limited
Accountant's report
For the year ended 31 July 2023

Accountant's Report to the board of directors on the preparation of the unaudited statutory accounts of StanfordRhodes Wealth Management Limited for the year ended 31 July 2023.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of StanfordRhodes Wealth Management Limited for the year ended 31 July 2023 which comprise the income statement, statement of income and retained earnings, statement of financial position and
related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and
other professional requirements which are detailed at http://www.cimaglobal.com/.

This report is made solely to the Board of Directors of StanfordRhodes Wealth Management Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of StanfordRhodes Wealth Management Limited and state those matters that we have agreed to state to the Board of Directors of StanfordRhodes Wealth Management Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com/. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than StanfordRhodes Wealth Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that StanfordRhodes Wealth Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of StanfordRhodes Wealth Management Limited. You
consider that StanfordRhodes Wealth Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of StanfordRhodes Wealth Management 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 financial statements.
Root Accountants Ltd
Chartered Management Accountants
Sandown House


LS22 7DN
2024-01-26 Date: 26 January 2024

5
StanfordRhodes Wealth Management Limited
Statement of Financial Position
For the year ended 31 July 2023

2023 2022
Notes £ £
Fixed assets
Intangible assets 161,000 178,888
Property, plant and equipment 1,295 1,727
162,295 180,615
Current assets
Debtors 8 294 -
Cash and cash equivalents 13,795 37,073
14,089 37,073
Current liabilities
Creditors: Amounts falling due within one year 9 (71,333) (67,745)
(71,333) (67,745)
Net current (liabilities)/assets (57,244) (30,672)
Total assets less current liabilities 105,051 149,943
Non-current liabilities
Creditors: Amounts falling due after more than one year 10 (32,408) (37,963)
Net assets/(liabilities) 72,643 111,980
Capital and reserves
Called up share capital 11 100 100
Retained earnings 72,543 111,880
Shareholder's funds 72,643 111,980
For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 January 2024
.............................
Gareth Doeg (Director)
Company registration number: 05517447
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-07-31 31 July 2023
2023 2022
£ £
Fixed Assets 162,295 180,615
Current Assets 13,795 37,073
Prepayments and accrued income 294 0
Creditors: amounts falling due within one year (71,333) (67,745)
Net current assets (liabilities) (57,244) (30,672)
Total assets less current liabilities 105,051 149,943
CREDITORS: Amounts falling due more than one year (32,408) (37,963)
Net Assets (liabilities) 72,643 111,980
Capital and Reserves 72,643 111,980
For the year ending 31/07/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-07-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 26 January 2024 2024-01-26 and signed on behalf of the board,
.............................
Gareth Doeg
Director
Company registration number: 05517447
StanfordRhodes Wealth Management Limited
Notes to the Financial Statements
For the year ended 31 July 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 4 Clifton Moor Business Village Clifton Moor Busin, James Nicolson Link, York, YO30 4XG.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill recognised at acquisition is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis over its useful life, which is estimated to be 20 years. Goodwill amortisation is included within administration expenses.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings25% reducing balance
Equipment
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

(4) Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

(5) Employees
During the year, the average number of employees including director was 6 (2022 : 5).

(6) Intangible fixed assets
Goodwill
£
Cost
As at 01 August 2022357,768
As at 31 July 2023357,768
Amortisation
As at 01 August 2022178,880
For the year17,888
As at 31 July 2023196,768
Net book value
As at 31 July 2023161,000
As at 31 July 2022178,888

(7) Tangible fixed assets
Fixtures and Fittings
£
Cost
As at 01 August 20224,645
As at 31 July 20234,645
Depreciation
As at 01 August 20222,918
For the year432
As at 31 July 20233,350
Net book value
As at 31 July 20231,295
As at 31 July 20221,727

(8) Debtors
Amounts falling due within one year
2023 2022
£ £
Prepayments and accrued income 294 -
294 -

(9) Creditors: Amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 6,680 5,556
Other taxes and social security 61,216 58,939
Other creditors 320 850
Accruals and deferred income 3,117 2,400
71,333 67,745

(10) Creditors: Amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 32,408 37,963
32,408 37,963

(11) Share capital
Alloted,called up and fully paid: 2023 2022
£ £
100 (2022 : 100) Allotted, Called up and fully paid of £ 1 each100100
100 100
Retained earnings 2023
£
At 1 August 2022 111,880
Profit of the year 209,663
Dividends paid (249,000)
At 31 July 2023 72,543

(12) Related party transactions
Doeg Global Venture Limited is related party by the virtue of having same directors and shareholders. The rental income received from this relating party was £4,800 as on 31/07/2023 (2022 - £4,800).

(13) Ultimate controlling party
The company's ultimate controlling party is the Director by virtue of his, together with his wife's, ownership of 100% of the issued share capital in the company.