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REGISTERED NUMBER: 06592525 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

GODIVA WEALTH MANAGEMENT LIMITED

GODIVA WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06592525)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GODIVA WEALTH MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: D Dahil





REGISTERED OFFICE: 7 Clarendon Place
Leamington Spa
CV32 5QL





REGISTERED NUMBER: 06592525 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

GODIVA WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06592525)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,429 2,589
Investments 5 14,252 13,676
16,681 16,265

CURRENT ASSETS
Debtors 6 1,175 11,300
Cash at bank 26,821 17,975
27,996 29,275
CREDITORS
Amounts falling due within one year 7 13,293 12,366
NET CURRENT ASSETS 14,703 16,909
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,384

33,174

CREDITORS
Amounts falling due after more than one
year

8

8,804

13,058
NET ASSETS 22,580 20,116

CAPITAL AND RESERVES
Called up share capital 11,000 11,000
Retained earnings 11,580 9,116
22,580 20,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

GODIVA WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06592525)

BALANCE SHEET - continued
31 MAY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 July 2024 and were signed by:





D Dahil - Director


GODIVA WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06592525)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Godiva Wealth Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. 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% reducing balance
Computer equipment - 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

GODIVA WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06592525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 462 9,975 10,437
Additions - 649 649
At 31 May 2024 462 10,624 11,086
DEPRECIATION
At 1 June 2023 416 7,432 7,848
Charge for year 11 798 809
At 31 May 2024 427 8,230 8,657
NET BOOK VALUE
At 31 May 2024 35 2,394 2,429
At 31 May 2023 46 2,543 2,589

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 June 2023 13,676
Revaluations 576
At 31 May 2024 14,252
NET BOOK VALUE
At 31 May 2024 14,252
At 31 May 2023 13,676

Cost or valuation at 31 May 2024 is represented by:

Other
investments
£   
Valuation in 2022 (38,154 )
Valuation in 2023 (21,474 )
Valuation in 2024 576
Cost 73,304
14,252

GODIVA WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06592525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors - 8,287
Other debtors 675 2,513
675 10,800

Amounts falling due after more than one year:
Other debtors 500 500

Aggregate amounts 1,175 11,300

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,326 1,382
Taxation and social security 10,659 9,790
Other creditors 1,308 1,194
13,293 12,366

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,804 13,058

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
D Dahil
Balance outstanding at start of year 2,452 (15 )
Amounts advanced 47,735 41,675
Amounts repaid (50,230 ) (39,208 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (43 ) 2,452