ALLWEALD MANAGEMENT LIMITED

Company Registration Number:
02275669 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

ALLWEALD MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

ALLWEALD MANAGEMENT LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Investments: 3 302,702 302,702
Total fixed assets: 302,702 302,702
Current assets
Cash at bank and in hand: 227,273 231,045
Total current assets: 227,273 231,045
Creditors: amounts falling due within one year: 4 (1,514) (2,173)
Net current assets (liabilities): 225,759 228,872
Total assets less current liabilities: 528,461 531,574
Provision for liabilities: (57,513) (57,513)
Total net assets (liabilities): 470,948 474,061
Capital and reserves
Called up share capital: 72,278 72,278
Profit and loss account: 398,670 401,783
Shareholders funds: 470,948 474,061

The notes form part of these financial statements

ALLWEALD MANAGEMENT LIMITED

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 September 2024
and signed on behalf of the board by:

Name: Christine Hackney
Status: Director

The notes form part of these financial statements

ALLWEALD MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and VAT for the revenue earned from the rendering of services.

Other accounting policies

Investments Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Any changes in fair value are included in the profit and loss account on an annual basis. Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Pensions Contributions to defined contribution plans are expensed in the period to which they relate.

ALLWEALD MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

ALLWEALD MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Fixed investments

Other investments Cost at 1st August 2023 - £302,702 Cost at 31st July 2024 - £302,702

ALLWEALD MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

Corporation tax - £Nil (2023 - £129). Other creditors - £1,514 (2023 - £2,044).