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REGISTERED NUMBER: 07335886 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

TEMPLE WEALTH MANAGEMENT LTD

TEMPLE WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 07335886)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TEMPLE WEALTH MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Miss S J Geraghty
Mr N A Prosser
Mr S Ereira





REGISTERED OFFICE: 2nd Floor Artillery House
Fort Fareham Business Park
Newgate Lane
Fareham
Hampshire
PO14 1AH





REGISTERED NUMBER: 07335886 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

TEMPLE WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 07335886)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,944 12,278

CURRENT ASSETS
Debtors 5 31,878 46,577
Cash at bank 854,747 794,205
886,625 840,782
CREDITORS
Amounts falling due within one year 6 123,746 113,915
NET CURRENT ASSETS 762,879 726,867
TOTAL ASSETS LESS CURRENT
LIABILITIES

774,823

739,145

PROVISIONS FOR LIABILITIES 2,958 2,333
NET ASSETS 771,865 736,812

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 771,765 736,712
SHAREHOLDERS' FUNDS 771,865 736,812

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

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

TEMPLE WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 07335886)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2024 and were signed on its behalf by:





Mr N A Prosser - Director


TEMPLE WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 07335886)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Temple Wealth Management Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents fees received for financial services consultancy.

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 - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

TEMPLE WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 07335886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 September 2022 20,996
Additions 1,964
Disposals (819 )
At 31 August 2023 22,141
DEPRECIATION
At 1 September 2022 8,718
Charge for year 2,108
Eliminated on disposal (629 )
At 31 August 2023 10,197
NET BOOK VALUE
At 31 August 2023 11,944
At 31 August 2022 12,278

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 1,101 939
Other debtors 30,777 45,638
31,878 46,577

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,730 -
Tax 50,692 69,576
Social security and other taxes 7,609 7,324
Directors' current accounts 51,694 35,247
Accrued expenses 12,021 1,768
123,746 113,915

7. LEASING AGREEMENTS
At the end of the accounting period the company was committed, under non-cancellable operating leases, to future payments of £83,570 (2022: £111,682).