Registered number: 08609005 | ||||||||
FOR THE YEAR ENDED 31/07/2023 | ||||||||
Prepared By: | ||||||||
PAS SYSTEMS | ||||||||
Accountants | ||||||||
12 | ||||||||
Kendrick Close | ||||||||
Solihull | ||||||||
West Midlands | ||||||||
B92 0QD |
CTP Wealth Management Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/07/2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Shoropshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 08609005 | ||||||||
BANKERS | ||||||||
National Westminster Bank PLC | ||||||||
ACCOUNTANTS | ||||||||
PAS SYSTEMS | ||||||||
Accountants | ||||||||
12 | ||||||||
Kendrick Close | ||||||||
Solihull | ||||||||
West Midlands | ||||||||
B92 0QD |
CTP Wealth Management Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/07/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
CTP Wealth Management Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 3 | |||||||||
Tangible assets | 4 | |||||||||
Investment Assets | 5 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
527,877 | 535,420 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | |||||||||
NET CURRENT ASSETS | 465,779 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 8 | 617,521 | - | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 9 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | |||||||||
Profit and loss account | 416,017 | 473,663 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
CTP Wealth Management Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/07/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Fixtures and Fittings | reducing balance 15% | |||||||
Equipment | reducing balance 25% |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1d. Goodwill | ||||||||
1e. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 6 | |||||
CTP Wealth Management Limited | ||||||||
3. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
Additions | 840,000 | 840,000 | ||
At 31/07/2023 | 840,000 | 840,000 | ||
Depreciation | ||||
For the year | 84,000 | 84,000 | ||
At 31/07/2023 | 84,000 | 84,000 | ||
Net Book Amounts | ||||
At 31/07/2023 | ||||
4. TANGIBLE FIXED ASSETS | ||||||
Fixtures | ||||||
and Fittings | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/08/2022 | 21,733 | 1,307 | 23,040 | |||
Additions | 1,200 | 2,274 | 3,474 | |||
At 31/07/2023 | 22,933 | 3,581 | 26,514 | |||
Depreciation | ||||||
At 01/08/2022 | 14,066 | 916 | 14,982 | |||
For the year | 1,132 | 229 | 1,361 | |||
At 31/07/2023 | 15,198 | 1,145 | 16,343 | |||
Net Book Amounts | ||||||
At 31/07/2023 | 10,171 | |||||
At 31/07/2022 | 8,058 | |||||
5. FINANCIAL ASSETS | ||||||||
Shares in group companies | ||||||||
and participating interests | Total | |||||||
£ | £ | |||||||
Cost | ||||||||
Additions | 120 | 120 | ||||||
At 31/07/2023 | 120 | 120 | ||||||
Amortisation | ||||||||
Net Book Amounts | ||||||||
At 31/07/2023 | 120 | 120 | ||||||
CTP Wealth Management Limited | ||||||||
6. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 48,520 | - | ||||||
Other debtors | 470,434 | 470,508 | ||||||
Prepayments | 4,592 | 4,272 | ||||||
523,546 | 474,780 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 7,254 | 5,415 | ||||||
PAYE control | 1,560 | 1,938 | ||||||
Directors current account | 108,309 | 1,510 | ||||||
Loans | 138,479 | - | ||||||
Trade creditors | 3,064 | - | ||||||
Pension schemes | 816 | 716 | ||||||
Accruals | - | 60,062 | ||||||
Amounts due to group companies | 388 | - | ||||||
259,870 | 69,641 | |||||||
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Loans >1yr | 617,521 | - | ||||||
617,521 | - | |||||||
9. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 660 | 74 | ||||||
660 | 74 | |||||||
CTP Wealth Management Limited | ||||||||
10. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||