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REGISTERED NUMBER: 11388932 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

SEASONS OF WEALTH LTD

SEASONS OF WEALTH LTD (REGISTERED NUMBER: 11388932)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SEASONS OF WEALTH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs S Bains
Mr P S Bains





REGISTERED OFFICE: 5 Giffard Court
Millbrook Close
Northampton
NN5 5JF





REGISTERED NUMBER: 11388932 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

SEASONS OF WEALTH LTD (REGISTERED NUMBER: 11388932)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 272,006 311,894
Tangible assets 5 2,585 3,067
Investments 6 6,500 6,500
281,091 321,461

CURRENT ASSETS
Debtors 7 46,777 14,395
Cash at bank - 1,026
46,777 15,421
CREDITORS
Amounts falling due within one year 8 225,603 330,846
NET CURRENT LIABILITIES (178,826 ) (315,425 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,265

6,036

CREDITORS
Amounts falling due after more than one year 9 175,000 -
NET (LIABILITIES)/ASSETS (72,735 ) 6,036

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Share premium 25,000 25,000
Retained earnings (122,735 ) (43,964 )
(72,735 ) 6,036

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 directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





Mr P S Bains - Director


SEASONS OF WEALTH LTD (REGISTERED NUMBER: 11388932)

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

1. STATUTORY INFORMATION

Seasons Of Wealth Ltd 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.

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


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.

The financial statements have been prepared on a going concern basis, despite a negative balance sheet position at the year end. The director has confirmed their continued financial support to the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of five years.

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 - 10% on reducing balance
Computer equipment - 15% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Other investments
Other investments are included at fair value.

3. EMPLOYEES AND DIRECTORS

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

SEASONS OF WEALTH LTD (REGISTERED NUMBER: 11388932)

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

4. INTANGIBLE FIXED ASSETS
Development Computer
costs software Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 384,458 7,211 391,669
AMORTISATION
At 1 June 2023 76,891 2,884 79,775
Amortisation for year 38,446 1,442 39,888
At 31 May 2024 115,337 4,326 119,663
NET BOOK VALUE
At 31 May 2024 269,121 2,885 272,006
At 31 May 2023 307,567 4,327 311,894

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 1,895 2,188 4,083
DEPRECIATION
At 1 June 2023 360 656 1,016
Charge for year 154 328 482
At 31 May 2024 514 984 1,498
NET BOOK VALUE
At 31 May 2024 1,381 1,204 2,585
At 31 May 2023 1,535 1,532 3,067

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Artwork 6,500 6,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 46,777 14,395

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 915 124,000
Trade creditors 6,924 4,914
Taxation and social security 16 1,107
Other creditors 217,748 200,825
225,603 330,846

SEASONS OF WEALTH LTD (REGISTERED NUMBER: 11388932)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 175,000 -

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 175,000 124,000

11. RELATED PARTY DISCLOSURES

At the year end the company owed £213,788 (2023 - £198,975) to the director. There are no fixed terms for repayment and interest has not been charged.