Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseNo description of principal activity1616truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09568543 2023-07-01 2024-06-30 09568543 2022-07-01 2023-06-30 09568543 2024-06-30 09568543 2023-06-30 09568543 c:Director2 2023-07-01 2024-06-30 09568543 d:Buildings 2023-07-01 2024-06-30 09568543 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 09568543 d:Buildings d:LongLeaseholdAssets 2024-06-30 09568543 d:Buildings d:LongLeaseholdAssets 2023-06-30 09568543 d:OfficeEquipment 2023-07-01 2024-06-30 09568543 d:OfficeEquipment 2024-06-30 09568543 d:OfficeEquipment 2023-06-30 09568543 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09568543 d:ComputerEquipment 2023-07-01 2024-06-30 09568543 d:ComputerEquipment 2024-06-30 09568543 d:ComputerEquipment 2023-06-30 09568543 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09568543 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09568543 d:Goodwill 2023-07-01 2024-06-30 09568543 d:Goodwill 2024-06-30 09568543 d:Goodwill 2023-06-30 09568543 d:CurrentFinancialInstruments 2024-06-30 09568543 d:CurrentFinancialInstruments 2023-06-30 09568543 d:Non-currentFinancialInstruments 2024-06-30 09568543 d:Non-currentFinancialInstruments 2023-06-30 09568543 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09568543 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09568543 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 09568543 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 09568543 d:ShareCapital 2024-06-30 09568543 d:ShareCapital 2023-06-30 09568543 d:CapitalRedemptionReserve 2024-06-30 09568543 d:CapitalRedemptionReserve 2023-06-30 09568543 d:RetainedEarningsAccumulatedLosses 2024-06-30 09568543 d:RetainedEarningsAccumulatedLosses 2023-06-30 09568543 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-06-30 09568543 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-06-30 09568543 c:OrdinaryShareClass1 2023-07-01 2024-06-30 09568543 c:OrdinaryShareClass1 2024-06-30 09568543 c:OrdinaryShareClass1 2023-06-30 09568543 c:OrdinaryShareClass2 2023-07-01 2024-06-30 09568543 c:OrdinaryShareClass2 2024-06-30 09568543 c:OrdinaryShareClass2 2023-06-30 09568543 c:OrdinaryShareClass3 2023-07-01 2024-06-30 09568543 c:OrdinaryShareClass3 2024-06-30 09568543 c:OrdinaryShareClass3 2023-06-30 09568543 c:FRS102 2023-07-01 2024-06-30 09568543 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09568543 c:FullAccounts 2023-07-01 2024-06-30 09568543 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09568543 2 2023-07-01 2024-06-30 09568543 4 2023-07-01 2024-06-30 09568543 6 2023-07-01 2024-06-30 09568543 d:Goodwill d:OwnedIntangibleAssets 2023-07-01 2024-06-30 09568543 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09568543









DARTINGTON WEALTH MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
DARTINGTON WEALTH MANAGEMENT LIMITED
REGISTERED NUMBER: 09568543

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Intangible assets
 4 
264,757
397,888

Tangible assets
 5 
18,336
38,564

Investments
  
24,011
22,516

  
307,104
458,968

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 7 
283,199
221,650

Bank and cash balances
  
744,691
348,461

  
1,027,890
570,111

Creditors: amounts falling due within one year
 8 
(318,825)
(235,861)

NET CURRENT ASSETS
  
 
 
709,065
 
 
334,250

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,016,169
793,218

Creditors: amounts falling due after more than one year
 9 
(9,166)
(19,167)

PROVISIONS FOR LIABILITIES
  

Other provisions
 10 
(30,000)
(30,000)

  
 
 
(30,000)
 
 
(30,000)

NET ASSETS
  
977,003
744,051


CAPITAL AND RESERVES
  

Called up share capital 
 11 
38,955
38,955

Capital redemption reserve
  
1,750
1,750

Profit and loss account
  
936,298
703,346

  
977,003
744,051


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
DARTINGTON WEALTH MANAGEMENT LIMITED
REGISTERED NUMBER: 09568543
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A P M Coury
Director

Date: 10 September 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
DARTINGTON WEALTH MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


GENERAL INFORMATION

Dartington Wealth Management Limited is a private company limited by shares and incorporated in England and Wales. The registered office is 4 Clifton Court, Cambridge, CB1 7BN.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
DARTINGTON WEALTH MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

EXCEPTIONAL ITEMS

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 4

 
DARTINGTON WEALTH MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.10

INTANGIBLE ASSETS

GOODWILL

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

OTHER INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.11

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
10%
Long-term leasehold property
-
Office equipment
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
DARTINGTON WEALTH MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.12

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.13

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.17

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 16 (2023 - 16).

Page 6

 
DARTINGTON WEALTH MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


INTANGIBLE ASSETS




Goodwill

£



COST


At 1 July 2023
1,286,908



At 30 June 2024

1,286,908



AMORTISATION


At 1 July 2023
889,020


Charge for the year on owned assets
133,131



At 30 June 2024

1,022,151



NET BOOK VALUE



At 30 June 2024
264,757



At 30 June 2023
397,888



Page 7

 
DARTINGTON WEALTH MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


TANGIBLE FIXED ASSETS





Long-term leasehold property improvements
Office equipment
Computer equipment
Total

£
£
£
£



COST OR VALUATION


At 1 July 2023
42,110
15,075
24,032
81,217


Additions
-
1,405
909
2,314



At 30 June 2024

42,110
16,480
24,941
83,531



DEPRECIATION


At 1 July 2023
14,994
10,719
16,940
42,653


Charge for the year on owned assets
17,038
2,193
3,311
22,542



At 30 June 2024

32,032
12,912
20,251
65,195



NET BOOK VALUE



At 30 June 2024
10,078
3,568
4,690
18,336



At 30 June 2023
27,116
4,356
7,092
38,564


6.


FIXED ASSET INVESTMENTS





Other fixed asset investments

£



COST OR VALUATION


At 1 July 2023
22,516


Additions
1,495



At 30 June 2024
24,011




Page 8

 
DARTINGTON WEALTH MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


DEBTORS

2024
2023
£
£


Trade debtors
190,690
126,831

Other debtors
1,302
17,459

Called up share capital not paid
1,946
1,946

Prepayments and accrued income
89,261
75,414

283,199
221,650



8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
57,740
49,527

Corporation tax
155,670
109,754

Other taxation and social security
22,682
23,818

Other creditors
6,554
10,879

Accruals and deferred income
66,179
31,883

318,825
235,861


Bank loans also includes a Government backed 'bounce back' loan, which was drawn down in May 2020. This loan is 100% guaranteed by the Government and interest is charged at 2.5% per annum. 
Included within other creditors are amounts payable under pension schemes of £6,554 (2023 - £10,777)


9.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
9,166
19,167


Bank loans also includes a Government backed 'bounce back' loan, which was drawn down in May 2020. This loan is 100% guaranteed by the Government and interest is charged at 2.5% per annum. 

Page 9

 
DARTINGTON WEALTH MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


PROVISIONS


Other provision 1

£





At 1 July 2023
30,000



AT 30 JUNE 2024
30,000


11.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



22,293 (2023 - 62,767) Ordinary A shares of £0.50 each
11,146.50
31,383.50
49,725 (2023 - 9,251) Ordinary B shares of £0.50 each
24,862.50
4,625.50
10,000 (2023 - 10,000) Ordinary C shares of £0.10 each
1,000.00
1,000.00

37,009.00

37,009.00

ALLOTTED, CALLED UP AND PARTLY PAID



19,461 (2023 - 19,461) Ordinary C shares of £0.10 each
1,946.10
1,946.10



12.OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies that are not included in the balance sheet amount to £210,848 (2023 - £297,104).

 
Page 10