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REGISTERED NUMBER: 04498269 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 November 2023

for

NJH Wealth Management Limited

NJH Wealth Management Limited (Registered number: 04498269)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


NJH Wealth Management Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: N J Holland
H Holland





SECRETARY: H Holland





REGISTERED OFFICE: 3 Goodshawfold Close
Loveclough
Rossendale
BB4 8PZ





REGISTERED NUMBER: 04498269 (England and Wales)





ACCOUNTANTS: Anthony Marshall Ltd
Chartered Accountants
70 Market Street
Tottington
Bury
Greater Manchester
BL8 3LJ

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
NJH Wealth Management Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of NJH Wealth Management Limited for the year ended 30 November 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of NJH Wealth Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of NJH Wealth Management Limited and state those matters that we have agreed to state to the Board of Directors of NJH Wealth Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NJH 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 NJH 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 NJH Wealth Management Limited. You consider that NJH 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 NJH 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.






Anthony Marshall Ltd
Chartered Accountants
70 Market Street
Tottington
Bury
Greater Manchester
BL8 3LJ


6 March 2024

NJH Wealth Management Limited (Registered number: 04498269)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,416,786 1,676,349
Tangible assets 5 49,359 16,401
1,466,145 1,692,750

CURRENT ASSETS
Debtors 6 289,343 115,496
Cash at bank and in hand 318,529 269,701
607,872 385,197
CREDITORS
Amounts falling due within one year 7 308,278 277,747
NET CURRENT ASSETS 299,594 107,450
TOTAL ASSETS LESS CURRENT LIABILITIES 1,765,739 1,800,200

CREDITORS
Amounts falling due after more than one
year

8

(583,250

)

(777,468

)

PROVISIONS FOR LIABILITIES 10 (10,418 ) (3,116 )
NET ASSETS 1,172,071 1,019,616

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,171,971 1,019,516
SHAREHOLDERS' FUNDS 1,172,071 1,019,616

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

NJH Wealth Management Limited (Registered number: 04498269)

Statement of Financial Position - continued
30 November 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 6 March 2024 and were signed on its behalf by:





N J Holland - Director


NJH Wealth Management Limited (Registered number: 04498269)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

NJH Wealth Management 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% reducing balance
Computer equipment - 33% reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

NJH Wealth Management Limited (Registered number: 04498269)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, and a further business in 2021, is being amortised evenly over its estimated useful life of ten years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 3,098,582
AMORTISATION
At 1 December 2022 1,422,233
Amortisation for year 259,563
At 30 November 2023 1,681,796
NET BOOK VALUE
At 30 November 2023 1,416,786
At 30 November 2022 1,676,349

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022 - 37,158 50,448 87,606
Additions 14,249 21,642 2,576 38,467
At 30 November 2023 14,249 58,800 53,024 126,073
DEPRECIATION
At 1 December 2022 - 28,436 42,769 71,205
Charge for year - 2,091 3,418 5,509
At 30 November 2023 - 30,527 46,187 76,714
NET BOOK VALUE
At 30 November 2023 14,249 28,273 6,837 49,359
At 30 November 2022 - 8,722 7,679 16,401

NJH Wealth Management Limited (Registered number: 04498269)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 137,566 114,830
Directors' loan accounts 111,480 -
Tax 37,625 -
Prepayments and accrued income 2,672 666
289,343 115,496

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
PCP loan creditor (see note 9) 94,780 135,300
Tax 206,929 135,875
Directors' loan accounts - 847
Accruals and deferred income 6,569 5,725
308,278 277,747

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
PCP loan creditor (see note 9) 583,250 777,468

9. LOANS

An analysis of the maturity of loans is given below:
30.11.2330.11.22
£   £   
Amounts falling due within one year or on demand:
PCP loan creditor94,780135,300

Amounts falling due between two and ten years:
PCP loan creditor - 2-10 years583,250777,468

10. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 10,418 3,116

Deferred
tax
£   
Balance at 1 December 2022 3,116
Provided during year 7,302
Balance at 30 November 2023 10,418

NJH Wealth Management Limited (Registered number: 04498269)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

11. ULTIMATE CONTROLLING PARTY

The company is under the control of N J Holland and H Holland, the directors, by virtue of their directorship and shareholdings.

12. PENSION COSTS

The company operates a defined contribution pension scheme in respect of the directors. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £66,000 (2022: £80,000)

13. RELATED PARTY TRANSACTIONS

During the year, the company paid rents of £24,000 (2022: £20,333) to the SIPP of N J Holland, a director. The rents were paid on normal commercial terms.
During the year the company made loans to N. J. and H. Holland, both directors, of £111,480 (2022: £nil).
The intention of the directors is that these loans will be repaid within the next 12 months.