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REGISTERED NUMBER: 09919918 (England and Wales)















CHATTERTONS WEALTH MANAGEMENT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






CHATTERTONS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09919918)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


CHATTERTONS WEALTH MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: E F Conway
R R Ludlow



REGISTERED OFFICE: 5 South Street
Horncastle
Lincolnshire
LN9 6DS



REGISTERED NUMBER: 09919918 (England and Wales)



SENIOR STATUTORY AUDITOR: Tara Bellamy FCA



AUDITORS: Duncan & Toplis Audit Limited, Statutory Auditor
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

CHATTERTONS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09919918)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 48,296 181,455
Cash at bank 985,610 580,825
1,033,906 762,280
CREDITORS
Amounts falling due within one year 5 140,680 256,329
NET CURRENT ASSETS 893,226 505,951
TOTAL ASSETS LESS CURRENT LIABILITIES 893,226 505,951

CAPITAL AND RESERVES
Called up share capital 7 52,001 52,001
Retained earnings 841,225 453,950
SHAREHOLDERS' FUNDS 893,226 505,951

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 30 September 2024 and were signed on its behalf by:





R R Ludlow - Director


CHATTERTONS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09919918)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Chattertons 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents amounts recoverable from clients for professional services provided during the year, excluding value added tax. The company recognises turnover when the amount can be reliably measured and it is probable that economic benefits will flow.

Interest receivable is recognised using the effective interest method.

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.

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 the income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 120,227
Other debtors 48,296 61,228
48,296 181,455

CHATTERTONS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09919918)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Amounts owed by group undertakings that are due within one year are unsecured, repayable on demand and interest free.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 48,012 200,000
Taxation and social security 82,888 45,156
Other creditors 9,780 11,173
140,680 256,329

Amounts owed to group undertakings that are due within one year are unsecured, repayable on demand and interest free.

6. SECURED DEBTS

There is a fixed and a floating charge over all the property and undertaking of the company held by NatWest Bank Plc dated 13 December 2019.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
52,001 Ordinary £1 52,001 52,001

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Tara Bellamy FCA (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

9. ULTIMATE CONTROLLING PARTY

The controlling party is Chattertons Group Limited.