Registered number: 08609005 | ||||||||
FOR THE YEAR ENDED 31/07/2024 | ||||||||
Prepared By: | ||||||||
PAS SYSTEMS | ||||||||
Accountants | ||||||||
12 | ||||||||
Kendrick Close | ||||||||
Solihull | ||||||||
West Midlands | ||||||||
B92 0QD |
CTP Wealth Management Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/07/2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Shoropshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 08609005 | ||||||||
BANKERS | ||||||||
National Westminster Bank PLC | ||||||||
ACCOUNTANTS | ||||||||
PAS SYSTEMS | ||||||||
Accountants | ||||||||
12 | ||||||||
Kendrick Close | ||||||||
Solihull | ||||||||
West Midlands | ||||||||
B92 0QD |
CTP Wealth Management Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/07/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
CTP Wealth Management Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 3 | |||||||||
Tangible assets | 4 | |||||||||
Investment Assets | 5 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
514,308 | 527,877 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | |||||||||
NET CURRENT ASSETS | 268,007 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 8 | 534,150 | 617,521 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 9 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | |||||||||
Profit and loss account | 371,564 | 416,017 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
CTP Wealth Management Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/07/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Fixtures and Fittings | reducing balance 15% | |||||||
Equipment | reducing balance 25% |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1d. Goodwill | ||||||||
1e. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 7 | |||||
CTP Wealth Management Limited | ||||||||
3. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/08/2023 | 840,000 | 840,000 | ||
At 31/07/2024 | 840,000 | 840,000 | ||
Depreciation | ||||
At 01/08/2023 | 84,000 | 84,000 | ||
For the year | 84,000 | 84,000 | ||
At 31/07/2024 | 168,000 | 168,000 | ||
Net Book Amounts | ||||
At 31/07/2024 | ||||
At 31/07/2023 | ||||
4. TANGIBLE FIXED ASSETS | ||||||
Fixtures | ||||||
and Fittings | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/08/2023 | 22,933 | 3,581 | 26,514 | |||
At 31/07/2024 | 22,933 | 3,581 | 26,514 | |||
Depreciation | ||||||
At 01/08/2023 | 15,198 | 1,145 | 16,343 | |||
For the year | 1,160 | 365 | 1,525 | |||
At 31/07/2024 | 16,358 | 1,510 | 17,868 | |||
Net Book Amounts | ||||||
At 31/07/2024 | 8,646 | |||||
At 31/07/2023 | 10,171 | |||||
5. FINANCIAL ASSETS | |||||||||
Shares in group companies | |||||||||
and participating interests | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/08/2023 | 120 | 120 | |||||||
At 31/07/2024 | 120 | 120 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31/07/2024 | 120 | 120 | |||||||
At 31/07/2023 | 120 | 120 | |||||||
CTP Wealth Management Limited | ||||||||
6. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 38,112 | 48,520 | ||||||
Other debtors | 470,434 | 470,434 | ||||||
Prepayments | 4,565 | 4,592 | ||||||
513,111 | 523,546 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 15,683 | 7,254 | ||||||
PAYE control | 4,567 | 1,560 | ||||||
Directors current account | 116,086 | 108,309 | ||||||
Bank loans and overdrafts | 1,494 | - | ||||||
Loans | 137,850 | 138,479 | ||||||
Trade creditors | 641 | 3,064 | ||||||
Pension schemes | 925 | 816 | ||||||
Accruals | 3,500 | - | ||||||
Amounts due to group companies | 7,883 | 388 | ||||||
288,629 | 259,870 | |||||||
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Loans >1yr | 534,150 | 617,521 | ||||||
534,150 | 617,521 | |||||||
9. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 631 | 660 | ||||||
631 | 660 | |||||||
CTP Wealth Management Limited | ||||||||
10. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||