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REGISTERED NUMBER: 10730990 (England and Wales)















Financial Statements

for the Year Ended 31 March 2024

for

Littlewick Wealth Management Limited

Littlewick Wealth Management Limited (Registered number: 10730990)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Littlewick Wealth Management Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M R W Wreglesworth





REGISTERED OFFICE: Unit A19
Fairoaks Airport
Chobham
Surrey
GU24 8HU





REGISTERED NUMBER: 10730990 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Littlewick Wealth Management Limited (Registered number: 10730990)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Intangible assets 5 1,962,157 1,893,236
Property, plant and equipment 6 11,102 22,669
1,973,259 1,915,905

CURRENT ASSETS
Debtors 7 78,509 83,184
Cash at bank and in hand 8,670 61,715
87,179 144,899
CREDITORS
Amounts falling due within one year 8 (260,995 ) (293,366 )
NET CURRENT LIABILITIES (173,816 ) (148,467 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,799,443

1,767,438

CREDITORS
Amounts falling due after more than one
year

9

(1,264,903

)

(1,147,552

)
NET ASSETS 534,540 619,886

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 534,440 619,786
534,540 619,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Littlewick Wealth Management Limited (Registered number: 10730990)

Statement of Financial Position - continued
31 March 2024


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 director and authorised for issue on 30 August 2024 and were signed by:





M R W Wreglesworth - Director


Littlewick Wealth Management Limited (Registered number: 10730990)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Littlewick 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company is in a net current liabilities position at 31 March 2024. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2017, 2018, 2020, 2022 and 2024 is being amortised evenly over 10 years to expected residual value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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 statement of financial position date.


Littlewick Wealth Management Limited (Registered number: 10730990)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 April 2023 2,016,357
Additions 293,217
At 31 March 2024 2,309,574
Amortisation
At 1 April 2023 123,121
Charge for year 224,296
At 31 March 2024 347,417
Net book value
At 31 March 2024 1,962,157
At 31 March 2023 1,893,236

Littlewick Wealth Management Limited (Registered number: 10730990)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
Cost
At 1 April 2023
and 31 March 2024 30,144 8,566 17,773 56,483
Depreciation
At 1 April 2023 16,746 4,014 13,054 33,814
Charge for year 7,536 1,949 2,082 11,567
At 31 March 2024 24,282 5,963 15,136 45,381
Net book value
At 31 March 2024 5,862 2,603 2,637 11,102
At 31 March 2023 13,398 4,552 4,719 22,669

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 67,192 67,056
Other debtors 11,317 16,128
78,509 83,184

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 160,213 223,252
Trade creditors 11,790 12,880
Taxation and social security 84,235 52,787
Other creditors 4,757 4,447
260,995 293,366

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 1,264,903 1,147,552

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 693,963 374,274

Littlewick Wealth Management Limited (Registered number: 10730990)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/3/24 31/3/23
£    £   
Within one year 1,737 16,281
Between one and five years 5,212 -
6,949 16,281

11. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Bank loans 1,425,116 1,370,804

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill, uncalled capital, buildings, fixtures, plant and machinery.

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is a loan from the director of £770 (2023: £417). This loan is repayable on demand, and interest has been applied at 2.25% at any point the loan was overdrawn.