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REGISTERED NUMBER: 07107845 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st January 2024

for

Validus Wealth Management Limited

Validus Wealth Management Limited (Registered number: 07107845)






Contents of the Financial Statements
for the year ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Validus Wealth Management Limited

Company Information
for the year ended 31st January 2024







DIRECTORS: Mr W A Hayhurst
Mrs S Hayhurst





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 07107845 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Validus Wealth Management Limited (Registered number: 07107845)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 252,083 -
Tangible assets 5 157,642 161,207
409,725 161,207

CURRENT ASSETS
Debtors 6 427,182 479,097
Cash at bank and in hand 492,455 108,154
919,637 587,251
CREDITORS
Amounts falling due within one year 7 468,260 269,609
NET CURRENT ASSETS 451,377 317,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

861,102

478,849

CREDITORS
Amounts falling due after more than one
year

8

(197,854

)

(35,732

)

PROVISIONS FOR LIABILITIES (37,881 ) (30,629 )
NET ASSETS 625,367 412,488

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 625,267 412,388
SHAREHOLDERS' FUNDS 625,367 412,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Validus Wealth Management Limited (Registered number: 07107845)

Balance Sheet - continued
31st January 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 Board of Directors and authorised for issue on 29th October 2024 and were signed on its behalf by:





Mr W A Hayhurst - Director


Validus Wealth Management Limited (Registered number: 07107845)

Notes to the Financial Statements
for the year ended 31st January 2024

1. STATUTORY INFORMATION

Validus 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 a business in 2023, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 25% on cost
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

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.

Validus Wealth Management Limited (Registered number: 07107845)

Notes to the Financial Statements - continued
for the year ended 31st January 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 22 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 275,000
At 31st January 2024 275,000
AMORTISATION
Charge for year 22,917
At 31st January 2024 22,917
NET BOOK VALUE
At 31st January 2024 252,083

Validus Wealth Management Limited (Registered number: 07107845)

Notes to the Financial Statements - continued
for the year ended 31st January 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st February 2023 21,541 370,853 392,394
Additions - 71,179 71,179
Disposals - (74,693 ) (74,693 )
At 31st January 2024 21,541 367,339 388,880
DEPRECIATION
At 1st February 2023 21,541 209,646 231,187
Charge for year - 27,738 27,738
Eliminated on disposal - (27,687 ) (27,687 )
At 31st January 2024 21,541 209,697 231,238
NET BOOK VALUE
At 31st January 2024 - 157,642 157,642
At 31st January 2023 - 161,207 161,207

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st February 2023 74,693
Additions 67,505
Disposals (74,693 )
At 31st January 2024 67,505
DEPRECIATION
At 1st February 2023 27,687
Charge for year 1,125
Eliminated on disposal (27,687 )
At 31st January 2024 1,125
NET BOOK VALUE
At 31st January 2024 66,380
At 31st January 2023 47,006

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,745 65,132
Other debtors 385,437 413,965
427,182 479,097

Validus Wealth Management Limited (Registered number: 07107845)

Notes to the Financial Statements - continued
for the year ended 31st January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 9,602 11,014
Trade creditors 15,859 19,119
Taxation and social security 229,333 226,281
Other creditors 213,466 13,195
468,260 269,609

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 54,104 35,732
Other creditors 143,750 -
197,854 35,732

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 9,602 11,014
Between one and five years 54,104 35,732
63,706 46,746

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 63,706 46,746

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr W A Hayhurst
Balance outstanding at start of year 26,360 31,849
Amounts repaid (26,360 ) (5,489 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 26,360

Validus Wealth Management Limited (Registered number: 07107845)

Notes to the Financial Statements - continued
for the year ended 31st January 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Interest of £188 has been charged on the above loan to the director, which is considered to be at a market value rate (2023 - £1,280).

12. RELATED PARTY DISCLOSURES

During the year the director, Mr W A Hayhurst, was also a director of Hayhurst Holdings Limited, MarMab Wealth Management Limited and Two10 Investment Services Limited.

As at 31 January 2024 the company was owed £353,491 by Hayhurst Holdings Limited, no interest was charged on this loan (2023 - £351,009 and nil).

As at 31 January 2024 the company owed £0 to MarMab Wealth Management Limited in the form of a loan, no interest was charged on this loan (2023 - £3,310 and nil).

As at 31 January 2024 the company was owed £7,730 by Two10 Investment Services Limited in the form of a loan, no interest was charged on this loan (2023 - £16,574 and nil).

Two10 Investment Services Limited received administration services and use of premises from the company at no charge.

13. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr W A Hayhurst.