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REGISTERED NUMBER: 14120504 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Rhodian Wealth Management Ltd

Rhodian Wealth Management Ltd (Registered number: 14120504)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Rhodian Wealth Management Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr K Murray





REGISTERED OFFICE: 68 Kingsbury Close
Bury
BL8 1WB





REGISTERED NUMBER: 14120504 (England and Wales)





ACCOUNTANTS: Wild & Co Chartered Accountants
Windsor House
Cornwall Road
Harrogate
HG1 2PW

Rhodian Wealth Management Ltd (Registered number: 14120504)

Abridged Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 592,629 589,696
Tangible assets 5 405 666
593,034 590,362

CURRENT ASSETS
Debtors (2,171 ) 19,044
Cash at bank (9,937 ) (8,748 )
(12,108 ) 10,296
CREDITORS
Amounts falling due within one year 64,110 65,315
NET CURRENT LIABILITIES (76,218 ) (55,019 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

516,816

535,343

CREDITORS
Amounts falling due after more than one year 375,047 347,953
NET ASSETS 141,769 187,390

CAPITAL AND RESERVES
Called up share capital 6 200 200
Share premium - 212,561
Retained earnings 141,569 (25,371 )
SHAREHOLDERS' FUNDS 141,769 187,390

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Rhodian Wealth Management Ltd (Registered number: 14120504)

Abridged Balance Sheet - continued
31 May 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 8 October 2024 and were signed by:





Mr K Murray - Director


Rhodian Wealth Management Ltd (Registered number: 14120504)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Rhodian Wealth Management Ltd 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.

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.

Client list are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 3 years

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.

Rhodian Wealth Management Ltd (Registered number: 14120504)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 646,868
Additions 69,951
At 31 May 2024 716,819
AMORTISATION
At 1 June 2023 57,172
Amortisation for year 67,018
At 31 May 2024 124,190
NET BOOK VALUE

At 31 May 2024 592,629
At 31 May 2023 589,696

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 785
DEPRECIATION
At 1 June 2023 119
Charge for year 261
At 31 May 2024 380
NET BOOK VALUE
At 31 May 2024 405
At 31 May 2023 666

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
200 Ordinary shares £1.00 200 200

Rhodian Wealth Management Ltd (Registered number: 14120504)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 May 2024 and the period ended 31 May 2023:

31.5.24 31.5.23
£    £   
Mr K Murray
Balance outstanding at start of year 7,458 -
Amounts advanced (58,048 ) (40,983 )
Amounts repaid 50,590 48,441
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 7,458

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr K Murray.