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Registration number: 12955369

Basma Wealth Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Basma Wealth Management Limited

Contents

Company Information

1

Accountants' Report

2

Statement of Financial Position

3

Notes to the Unaudited Financial Statements

4

 

Basma Wealth Management Limited

Company Information

Director

B Basma

Registered office

61 Crabtree Lane
London
SW6 6LP

Accountants

Innovi Advisors Ltd
Chartered Certified Accountants163 Herne Hill
London
SE24 9LR

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Basma Wealth Management Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Basma Wealth Management Limited for the year ended 31 March 2024 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Basma Wealth Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Basma Wealth Management Limited and state those matters that we have agreed to state to the Board of Directors of Basma Wealth Management Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Basma Wealth Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Basma Wealth Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Basma Wealth Management Limited. You consider that Basma Wealth Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Basma Wealth Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Innovi Advisors Ltd
Chartered Certified Accountants
163 Herne Hill
London
SE24 9LR

5 February 2025

 

Basma Wealth Management Limited

(Registration number: 12955369)
Statement of Financial Position as at 31 March 2024

2024
£

2023
£

Fixed assets

3,345

-

Current assets

172,866

126,527

Creditors: Amounts falling due within one year

(48,129)

(20,762)

Net current assets

124,737

105,765

Total assets less current liabilities

128,082

105,765

Accruals and deferred income

(1,080)

(2,760)

 

127,002

103,005

Capital and reserves

127,002

103,005

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 5 February 2025
 

B Basma
Director

   
     
 

Basma Wealth Management Limited

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
61 Crabtree Lane
London
SW6 6LP

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 2).