IRIS Accounts Production v24.3.2.46 OC327376 designated member 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3273762023-12-31OC3273762024-12-31OC3273762024-01-012024-12-31OC3273762022-12-31OC3273762023-01-012023-12-31OC3273762023-12-31OC327376ns15:EnglandWales2024-01-012024-12-31OC327376ns14:PoundSterling2024-01-012024-12-31OC327376ns10:PartnerLLP12024-01-012024-12-31OC327376ns10:LimitedLiabilityPartnershipLLP2024-01-012024-12-31OC327376ns10:SmallEntities2024-01-012024-12-31OC327376ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-31OC327376ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-31OC327376ns10:LimitedLiabilityPartnershipsSORP2024-01-012024-12-31OC327376ns10:FullAccounts2024-01-012024-12-31OC327376ns10:PartnerLLP22024-01-012024-12-31OC327376ns10:RegisteredOffice2024-01-012024-12-31OC327376ns5:CurrentFinancialInstruments2024-12-31OC327376ns5:CurrentFinancialInstruments2023-12-31OC327376ns5:Non-currentFinancialInstruments2024-12-31OC327376ns5:Non-currentFinancialInstruments2023-12-31OC327376ns5:FurnitureFittings2024-01-012024-12-31OC327376ns5:ComputerEquipment2024-01-012024-12-31OC327376ns5:FurnitureFittings2023-12-31OC327376ns5:ComputerEquipment2023-12-31OC327376ns5:FurnitureFittings2024-12-31OC327376ns5:ComputerEquipment2024-12-31OC327376ns5:FurnitureFittings2023-12-31OC327376ns5:ComputerEquipment2023-12-31OC327376ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-12-31OC327376ns5:AdditionsToInvestmentsns5:UnlistedNon-exchangeTraded2024-12-31OC327376ns5:UnlistedNon-exchangeTradedns5:DisposalsRepaymentsInvestments2024-12-31OC327376ns5:UnlistedNon-exchangeTradedns5:RevaluationsIncreaseDecreaseInInvestments2024-12-31OC327376ns5:UnlistedNon-exchangeTradedns5:CostValuation2024-12-31OC327376ns5:UnlistedNon-exchangeTraded2024-12-31OC327376ns5:UnlistedNon-exchangeTraded2023-12-31OC327376ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-31OC327376ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: OC327376 (England and Wales)















THE WEALTH MANAGEMENT GROUP LLP

Unaudited Financial Statements

for the Year Ended 31 December 2024






THE WEALTH MANAGEMENT GROUP LLP (Registered number: OC327376)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE WEALTH MANAGEMENT GROUP LLP

General Information
for the Year Ended 31 December 2024







DESIGNATED MEMBERS: Ms W H Woodward
BAVINTON FINANCIAL LTD





REGISTERED OFFICE: 1 The Mending Rooms
Salts Mill Road
Shipley
West Yorkshire
BD17 7ET





REGISTERED NUMBER: OC327376 (England and Wales)





ACCOUNTANTS: Maclean & Company
1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ

THE WEALTH MANAGEMENT GROUP LLP (Registered number: OC327376)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,918 1,177
Investments 5 65,714 42,642
68,632 43,819

CURRENT ASSETS
Debtors 6 1,941 9,955
Cash at bank 23,535 16,764
25,476 26,719
CREDITORS
Amounts falling due within one year 7 11,460 11,845
NET CURRENT ASSETS 14,016 14,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,648

58,693

CREDITORS
Amounts falling due after more than one
year

8

20,508

24,857
NET ASSETS ATTRIBUTABLE TO
MEMBERS

62,140

33,836

LOANS AND OTHER DEBTS DUE TO
MEMBERS

62,140

33,836

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 62,140 33,836

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

THE WEALTH MANAGEMENT GROUP LLP (Registered number: OC327376)

Balance Sheet - continued
31 December 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 30 January 2025 and were signed by:





Ms W H Woodward - Designated member

THE WEALTH MANAGEMENT GROUP LLP (Registered number: OC327376)

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

1. STATUTORY INFORMATION

THE WEALTH MANAGEMENT GROUP LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

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 - 25% on cost
Office equipment - 25% on cost

Hire purchase and leasing commitments
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 LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 28,209 46,968 75,177
Additions - 2,330 2,330
At 31 December 2024 28,209 49,298 77,507
DEPRECIATION
At 1 January 2024 27,873 46,127 74,000
Charge for year 174 415 589
At 31 December 2024 28,047 46,542 74,589
NET BOOK VALUE
At 31 December 2024 162 2,756 2,918
At 31 December 2023 336 841 1,177

THE WEALTH MANAGEMENT GROUP LLP (Registered number: OC327376)

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

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
At 1 January 2024 42,642
Additions 25,763
Disposals (6,383 )
Revaluations 3,692
At 31 December 2024 65,714
NET BOOK VALUE
At 31 December 2024 65,714
At 31 December 2023 42,642

Cost or valuation at 31 December 2024 is represented by:

Unlisted
investments
£   
Valuation in 2024 65,714

Market value of listed investments at 31 December 2024 - £ 65,714 .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 499 3,794
Other debtors 1,442 6,161
1,941 9,955

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 4,339 4,224
Trade creditors 3,809 2,660
Other creditors 3,312 4,961
11,460 11,845

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 20,508 24,857

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,027 7,962