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REGISTERED NUMBER: 07445990 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Stow Wealth Management Limited

Stow Wealth Management Limited (Registered number: 07445990)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stow Wealth Management Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: MR P J STOW





SECRETARY: Essex Secretarial





REGISTERED OFFICE: SUITE L
RADFORD BUSINESS CENTRE
RADFORD WAY
BILLERICAY
Essex
CM12 0BZ





REGISTERED NUMBER: 07445990 (England and Wales)






Stow Wealth Management Limited (Registered number: 07445990)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,539,809 7,289,037
Tangible assets 5 12,849 13,103
6,552,658 7,302,140

CURRENT ASSETS
Stocks 113,478 121,241
Debtors 6 1,021,873 1,295,677
Cash at bank and in hand 729,599 987,589
1,864,950 2,404,507
CREDITORS
Amounts falling due within one year 7 1,853,863 1,362,781
NET CURRENT ASSETS 11,087 1,041,726
TOTAL ASSETS LESS CURRENT LIABILITIES 6,563,745 8,343,866

CREDITORS
Amounts falling due after more than one
year

8

(5,745,133

)

(7,107,784

)

PROVISIONS FOR LIABILITIES (3,212 ) (2,490 )
NET ASSETS 815,400 1,233,592

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 815,300 1,233,492
SHAREHOLDERS' FUNDS 815,400 1,233,592

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 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.

Stow Wealth Management Limited (Registered number: 07445990)

Balance Sheet - 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 director and authorised for issue on 11 September 2024 and were signed by:





MR P J STOW - Director


Stow Wealth Management Limited (Registered number: 07445990)

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

1. STATUTORY INFORMATION

Stow 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of several businesses, is being amortised evenly over its estimated useful life of between five and ten years.

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.
Plant and machinery etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.


Stow Wealth Management Limited (Registered number: 07445990)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022 10,197,260
Additions 39,810
Disposals (14,157 )
At 30 November 2023 10,222,913
AMORTISATION
At 1 December 2022 2,908,223
Charge for year 775,730
Eliminated on disposal (849 )
At 30 November 2023 3,683,104
NET BOOK VALUE
At 30 November 2023 6,539,809
At 30 November 2022 7,289,037

Stow Wealth Management Limited (Registered number: 07445990)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 33,060
Additions 3,146
At 30 November 2023 36,206
DEPRECIATION
At 1 December 2022 19,957
Charge for year 3,400
At 30 November 2023 23,357
NET BOOK VALUE
At 30 November 2023 12,849
At 30 November 2022 13,103

6. DEBTORS
30.11.23 30.11.22
£    £   
Amounts falling due within one year:
Trade debtors 5,102 80,402
Amounts recoverable on S455 240,500 240,500
Other debtors 776,271 939,609
1,021,873 1,260,511

Amounts falling due after more than one year:
Other debtors - 35,166

Aggregate amounts 1,021,873 1,295,677

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 1,223,704 994,485
Trade creditors 6,926 3,307
Taxation and social security 613,386 355,934
Other creditors 9,847 9,055
1,853,863 1,362,781

Stow Wealth Management Limited (Registered number: 07445990)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 5,377,438 5,200,235
Other creditors 367,695 1,907,549
5,745,133 7,107,784

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,877,054 1,597,390

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
MR P J STOW
Balance outstanding at start of year 758,000 758,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 758,000 758,000