ABBEYGATE WEALTH MANAGEMENT LIMITED

Company Registration Number:
06803554 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

ABBEYGATE WEALTH MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

ABBEYGATE WEALTH MANAGEMENT LIMITED

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 1,861,897 1,983,244
Tangible assets: 4 211,151 236,843
Investments: 5 661,029 671,029
Total fixed assets: 2,734,077 2,891,116
Current assets
Debtors:   41,749 177,403
Cash at bank and in hand: 9 228,508
Total current assets: 41,758 405,911
Creditors: amounts falling due within one year:   (937,307) (759,000)
Net current assets (liabilities): (895,549) (353,089)
Total assets less current liabilities: 1,838,528 2,538,027
Creditors: amounts falling due after more than one year:   (1,536,171) (2,144,850)
Provision for liabilities: (44,109) (45,000)
Total net assets (liabilities): 258,248 348,177
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 258,148 348,077
Shareholders funds: 258,248 348,177

The notes form part of these financial statements

ABBEYGATE WEALTH MANAGEMENT LIMITED

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 January 2025
and signed on behalf of the board by:

Name: James Stott
Status: Director

The notes form part of these financial statements

ABBEYGATE WEALTH MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write of the cost or valuation of assets less their residual values over their useful lives on the following bases: Land and buildings leasehold - 10% reducing balance Fixtures, fittings & equipment - 25% straight line/20% straight line Motor Vehicles - 25% reducing balance

Intangible fixed assets and amortisation policy

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

ABBEYGATE WEALTH MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 7 13

ABBEYGATE WEALTH MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Intangible Assets

Total
Cost £
At 01 February 2023 2,336,924
At 31 January 2024 2,336,924
Amortisation
At 01 February 2023 353,680
Charge for year 121,347
At 31 January 2024 475,027
Net book value
At 31 January 2024 1,861,897
At 31 January 2023 1,983,244

ABBEYGATE WEALTH MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible Assets

Total
Cost £
At 01 February 2023 340,832
Additions 38,203
At 31 January 2024 379,035
Depreciation
At 01 February 2023 103,989
Charge for year 63,895
At 31 January 2024 167,884
Net book value
At 31 January 2024 211,151
At 31 January 2023 236,843

ABBEYGATE WEALTH MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Fixed investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.