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Company Registration No. 14896397 (England and Wales)
Northcote Wealth Management Limited Unaudited accounts for the period from 26 May 2023 to 31 March 2024
Northcote Wealth Management Limited Unaudited accounts Contents
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Northcote Wealth Management Limited Company Information for the period from 26 May 2023 to 31 March 2024
Director
B J Simpson
Company Number
14896397 (England and Wales)
Registered Office
First Floor 129 High Street Guildford GU1 3AA UK
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Northcote Wealth Management Limited Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
2,842 
Current assets
Debtors
100 
Cash at bank and in hand
19,757 
19,857 
Creditors: amounts falling due within one year
(44,329)
Net current liabilities
(24,472)
Net liabilities
(21,630)
Capital and reserves
Called up share capital
100 
Profit and loss account
(21,730)
Shareholders' funds
(21,630)
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2024 and were signed on its behalf by
B J Simpson Director Company Registration No. 14896397
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Northcote Wealth Management Limited Notes to the Accounts for the period from 26 May 2023 to 31 March 2024
1
Statutory information
Northcote Wealth Management Limited is a private company, limited by shares, registered in England and Wales, registration number 14896397. The registered office is First Floor, 129 High Street, Guildford, GU1 3AA, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 Years Straight Line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the director has made the following judgements: Determine whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty: Tangible fixed assets (note 4) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
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Northcote Wealth Management Limited Notes to the Accounts for the period from 26 May 2023 to 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 26 May 2023
- 
Additions
3,118 
At 31 March 2024
3,118 
Depreciation
Charge for the period
276 
At 31 March 2024
276 
Net book value
At 31 March 2024
2,842 
5
Debtors
2024 
£ 
Amounts falling due after more than one year
Other debtors
100 
6
Creditors: amounts falling due within one year
2024 
£ 
Taxes and social security
169 
Other creditors
9,100 
Loans from directors
35,060 
44,329 
7
Average number of employees
During the period the average number of employees was 1.
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