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REGISTERED NUMBER: 07705442 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SIMON JONES WEALTH MANAGEMENT LIMITED

SIMON JONES WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07705442)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMON JONES WEALTH MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: S J Jones





REGISTERED OFFICE: Tilia Barn Standish Lane
Standish Lane
Gloucester
GL2 7LZ





REGISTERED NUMBER: 07705442 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

SIMON JONES WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07705442)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,193,613 1,026,336
Tangible assets 5 383 766
1,193,996 1,027,102

CURRENT ASSETS
Debtors 6 217,908 249,587
Cash at bank 21,460 3,034
239,368 252,621
CREDITORS
Amounts falling due within one year 7 48,811 54,308
NET CURRENT ASSETS 190,557 198,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,384,553

1,225,415

CREDITORS
Amounts falling due after more than one year 8 (11,048 ) (35,013 )

PROVISIONS FOR LIABILITIES (222,211 ) (184,316 )
NET ASSETS 1,151,294 1,006,086

CAPITAL AND RESERVES
Called up share capital 101 101
Fair value reserve 9 611,597 490,567
Retained earnings 539,596 515,418
1,151,294 1,006,086

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.

SIMON JONES WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07705442)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 September 2024 and were signed by:





S J Jones - Director


SIMON JONES WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07705442)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Simon Jones 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 as modified by the revaluation of certain assets.

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

Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued
amounts, are recorded at the fair value at the date of revaluation, as determined by reference to
an active market, less any subsequent accumulated amortisation and subsequent accumulated
impairment losses. Intangible assets acquired as part of a business combination are recorded at
the fair value at the acquisition date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% per annum of cost

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.

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.

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 4 (2023 - 3 ) .

SIMON JONES WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07705442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Client
portfolio
£   
COST OR VALUATION
At 1 April 2023 1,026,336
Additions 5,902
Revaluations 161,375
At 31 March 2024 1,193,613
NET BOOK VALUE
At 31 March 2024 1,193,613
At 31 March 2023 1,026,336

Cost or valuation at 31 March 2024 is represented by:

Client
portfolio
£   
Valuation in 2021 915,459
Valuation in 2022 121,664
Valuation in 2023 (10,787 )
Valuation in 2024 167,277
1,193,613

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1,914 4,814 6,728
DEPRECIATION
At 1 April 2023 1,914 4,048 5,962
Charge for year - 383 383
At 31 March 2024 1,914 4,431 6,345
NET BOOK VALUE
At 31 March 2024 - 383 383
At 31 March 2023 - 766 766

SIMON JONES WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07705442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,620 30,355
Other debtors 185,288 219,232
217,908 249,587

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,211 9,648
Trade creditors 289 (59 )
Taxation and social security 34,526 42,067
Other creditors 2,785 2,652
48,811 54,308

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 63,468 76,850
Other creditors (52,420 ) (41,837 )
11,048 35,013

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023 490,567
Deferred tax movement (40,345 )
Revaluation of intangibles 161,375

At 31 March 2024 611,597

SIMON JONES WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07705442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
S J Jones
Balance outstanding at start of year 219,232 128,730
Amounts advanced 154,631 255,901
Amounts repaid (188,575 ) (165,399 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 185,288 219,232